Workers with access to a 401(k) plan get to reap a number of important benefits. First, 401(k) plans often come with employer matches. Workers who contribute to those plans commonly get free money that can help them grow their balances substantially. Secondly, 401(k) plans come with generous annual contribution limits. Currently, those sit at $19,500 for workers under 50, and … [Read more...] about Can You Retire a Millionaire With an IRA Alone?
Are IRA Contributions Pre-Tax?
Pre Tax IRAThere are many ways to save for retirement, but one of the best is to get an individual retirement account (IRA). These are especially useful if you don’t have access to a workplace retirement account, like a 401(k) or 403(b). An IRA is essentially a shell into which you deposit and invest money for the purpose of growing your retirement savings. Workplace retirement … [Read more...] about Are IRA Contributions Pre-Tax?
Stax Adds Credit Card Surcharging Capability to Industry-leading Payment Technology
Stax’s software now provides credit card surcharge option for card-present and card-not-present transactionsORLANDO, Fla., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Stax by Fattmerchant, the industry's only complete all-in-one solution for managing everything in the payments ecosystem, announces the addition of credit card surcharging to its already feature-rich technology. With prices … [Read more...] about Stax Adds Credit Card Surcharging Capability to Industry-leading Payment Technology
Lubbock Store Warns Against Treating COVID-19 With Animal Meds
This is interesting on many levels.My dad and his family were country folks from Union, Texas. It's a blip near Brownfield, which people might say is a blip near Lubbock. When my dad would get sick, he'd go get pig antibiotics from the feed store, and apparently, they worked. I also can't say for sure whether the family had or had not given me one and the same when I was young. … [Read more...] about Lubbock Store Warns Against Treating COVID-19 With Animal Meds
BLANCO Reports Record Sales and Invests in Future Growth
The brand expands training and global production to ensure continued successLUMBERTON, N.J. and TORONTO, Aug. 17, 2021 /CNW/ -- Despite massive global sales declines in the first two quarters as a result of COVID-19 lockdowns, kitchen solutions brand BLANCO reported a global record sales of €408 million in 2020, up 3.1%. Following a highly successful year of sales, BLANCO is … [Read more...] about BLANCO Reports Record Sales and Invests in Future Growth
Worried About Higher Taxes in Retirement? Strategize Now.
A man holds a cooking pot lid in front of his face. Getty Images Amid all the speculation about taxes possibly going up in the future, your best course of action may be to incorporate tax strategies in your financial plan geared toward retirement.There are two important questions to ask yourself:How much of your income will be taxable in retirement? That includes Social … [Read more...] about Worried About Higher Taxes in Retirement? Strategize Now.
Even if you aren’t working, you may be able to open an IRA. Here’s how
Westend61 | Westend61 | Getty ImagesIf you are not working and married, you may be leaving tax-deductible money on the table — money that could go towards your retirement savings.While you typically need to have income to open an individual retirement account, there is an exception for married spouses who file their taxes jointly. It's known as a spousal IRA, but it is simply a … [Read more...] about Even if you aren’t working, you may be able to open an IRA. Here’s how
How high-earning professionals from executives to lawyers can use their salaries to build a mega Roth IRA for retirement
Massive retirement savings aren’t just for venture capitalists who hit it big with Silicon Valley startups.Many high-earning professionals in corporate America, from doctors and lawyers to executives and airline pilots, can accumulate a seven-figure or more retirement cache of tax-free profits using a loophole known as a mega backdoor Roth conversion.Those high earners make up … [Read more...] about How high-earning professionals from executives to lawyers can use their salaries to build a mega Roth IRA for retirement
DOL is asking 401(k) plans about uncashed checks
The DOL recently began asking retirement plan sponsors to address the issue of uncashed distribution checks, according to one law firm. Multiple clients of the firm have received letters from the Department of Labor alerting them about uncashed checks issued to participants, often by a company that previously was the plan’s record keeper, said Matthew Hawes, partner at Morgan … [Read more...] about DOL is asking 401(k) plans about uncashed checks
Stock trading could mean a hefty tax bill. What you need to know
Investors may be cheering the stock market's performance over the last year and looking to take a profit from their growing portfolios.But, doing so could mean they owe Uncle Sam.The stock market has been on a tear — today's selloff notwithstanding — since slumping in March 2020 due to coronavirus concerns. On Monday, the S&P 500 doubled its level from the pandemic low, … [Read more...] about Stock trading could mean a hefty tax bill. What you need to know