Q. I retired in January 2021. I grossed $4,300 and I have not worked since. How much can I contribute to my existing Roth IRA for 2021?— Love to saveA. We love seeing people save for retirement.You can make a contribution because you had earned income during the year.For 2021, the maximum contribution to a Roth IRA is the lesser of your earned compensation for the year or … [Read more...] about I retired. How much can I save to my Roth IRA?
Roth IRA
I’m a 39-year-old single dad with $600,000 saved — I want to retire at 50 but don’t know how. What should I do?
I am a 39-year-old single father of one 16-year-old son. I have $70,000 in liquid savings, $530,000 invested in individual retirement accounts and owe $210,000 on a home worth $500,000. I also owe about $20,000 on my car.My take-home income is $7,200 per month and my monthly expenses total about $4,000. I do not have a current retirement plan with my job as they do not … [Read more...] about I’m a 39-year-old single dad with $600,000 saved — I want to retire at 50 but don’t know how. What should I do?
Opinion: Three arguments for, and three against, buying Robinhood shares once they start trading after the IPO
Here are the six key things you need to know if you are thinking about buying shares of Robinhood Markets Inc. The initial public offering priced Wednesday, and the shares start trading Thursday.Robinhood, which operates a popular securities-trading platform, priced the shares at $38 each, the low end of a range. The stock closed down 8.4%, at $34.82, on its first day of … [Read more...] about Opinion: Three arguments for, and three against, buying Robinhood shares once they start trading after the IPO
4 Cash-Raising Pitfalls (and Better Options)
August 5, 2021 5 min read This story originally appeared on NerdWallet If you’ve got more bills than money, the usual advice is to trim expenses and find additional income. But some ways of raising cash can be a lot more expensive than others. Here are four that should be avoided, if … [Read more...] about 4 Cash-Raising Pitfalls (and Better Options)
Even More Lawmakers Apparently Violate Stock-Trade Rules
Rep. Cheri Bustos (D-Ill.) attends Joe Biden's inauguration. Bustos made three stock trades in March 2020, but didn't disclose them for 17 months. CQ-Roll Call, Inc via Getty Images Federal law requires members of Congress to report their securities transactions within 45 days, but at least 10 lawmakers have recently missed that deadline, with some waiting more than a … [Read more...] about Even More Lawmakers Apparently Violate Stock-Trade Rules