Today, the 401(k) is a standard way that Americans save for retirement. Because these plans provide tax benefits and a potential employer match, many investors aim to “max out” their contributions, or contribute up to the IRS annual limit. For 2022, the contribution limit is $20,500 per year for workers under age 50, and $27,000
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While U.K. left the EU, an event known as Brexit, on January 31, 2020, the parties agreed on an 11-month transition period for the purpose of crafting a new trade deal, during which the U.K. operated under EU rules. After months of negotiation, the EU and U.K. agreed on a trade deal with just days
You can have a pension and still contribute to a 401(k)—and an IRA—to take charge of your retirement. If you have a defined benefit pension plan at work, you have nothing to worry about, right? Maybe not. While pensions used to be a staple ingredient in the recipe of retirement planning, fewer companies today offer
Square vs. Stripe: An Overview Square (SQ) and Stripe have emerged as two popular payment processing services for small and growing businesses. As the services have become widely used, their simple fixed-rate payment processing fees have drawn in big-name supporters, such as Starbucks (SBUX), to use and promote their systems. For investors and business owners, it’s
Marijuana exchange-traded funds (ETFs) provide investors with exposure to equities of companies that engage in the cultivation, distribution, and sale of marijuana and related products. Products of marijuana companies include dried flowers, oils, seeds, edibles, and more. Still prohibited as an illegal substance in many parts of the world, marijuana is gaining wider acceptance for
Medtronic (MDT) is a billion-dollar, global leader in medical technology, offering medical devices and therapies to more than 72 million people across 150+ countries. Medtronic—derived from combining terms medical electronics—was formed in a Minneapolis garage by Earl Bakken, who later created the battery-powered pacemaker, and accomplished engineer Palmer Hermundslie. As of 2021, Medtronic has a
Founded in 2003, NinjaTrader offers software and brokerage services for active traders. With a funded account, the NinjaTrader platform is free to use for charting, market analysis, and live trading (the SIM version is free even without a funded account). To access the platform’s premium features—such as advanced order types, automated trading, and backtesting—you’ll need
Large oil companies in the United States have been paying taxes at a significantly lower rate than most other corporations. The chief reason is that there are provisions in the U.S. tax code that allow energy companies to defer and avoid federal income tax payments. The 2017 Tax Cut and Jobs Act also slashed the
In 2021, a little over seven million acres were burned by nearly 59,000 wildfires. Last year, about the same number of wildfires burned over 10 million acres, constituting the second most acreage affected by wildfires in a single year since 1960. Since 2000, an annual average of seven million acres has burned, reflecting the rapid
Blockchain exchange-traded funds (ETFs) own stocks in companies that have business operations in blockchain technology or profit from it in some way. Blockchain is made up of complex blocks of digital information and is increasingly used in banking, investing, cryptocurrency, and other sectors. Although blockchain is a relatively new technology, many of the companies that
Candlestick charts are a technical tool that packs data for multiple time frames into single price bars. This makes them more useful than traditional open-high, low-close bars or simple lines that connect the dots of closing prices. Candlesticks build patterns that predict price direction once completed. Proper color coding adds depth to this colorful technical tool, which dates back to 18th-century
When planning your retirement, one of the most important decisions you’ll make involves where to live. Moving to a retirement community can offer advantages when it comes to amenities, recreation, and being able to connect with other seniors. However, it’s important to consider what you’ll pay for senior living and how it compares to other
On Tuesday, August 16, the United States Department of Education issued a press release stating its intent to discharge all federal student loans that borrowers received to attend ITT Technical Institute from Jan. 1, 2005, through its closure in September 2016, amounting to $3.9 billion in full loan discharges between 208,000 borrowers. This is the
Having a baby can be an expensive prospect. A study by the Kaiser Family Foundation estimates the average cost of pregnancy, childbirth, and postpartum care at $18,865. The same study found that for mothers who give birth via C-section, the average cost climbs to $26,280. Then there’s the cost of raising a child to adulthood,
The cracks in the nation’s housing market continue to grow. Yesterday, the government reported that U.S. homebuilding sank to its lowest level in over a year, with housing starts plunging 9.6% as higher construction costs continue to weigh on builders. Earlier this week, the National Association of Home Builders (NAHB) said its sentiment index dropped for the eighth straight
As of today, October 18, 2021, the 10-year fixed mortgage rate is 2.41%, 10/1 ARM is 3.01% and 10/6 ARM is 4.05%. These rates are not the teaser rates you may see advertised online and based on our methodology should be more representative of what customers could expect to be quoted depending on their qualifications.
The U.K. left the European Union (EU) on Jan. 31, 2020. As such, it’s no longer a member state. But prior to its exit, it was the most notable member of the European Union that elected not to use the euro. Rather, the U.K. continued to use the British pound sterling as its national currency.
House and Senate Democrats and staff celebrated the signing into law of the Inflation Reduction Act of 2022 by President Joe Biden on Tuesday, Aug. 16, 2022. “For a while, people doubted whether (this) was going to happen, but we are in a season of substance,” said the president. “Today offers further proof that the
When planning a wedding, choosing the right venue matters. A destination wedding is something you may consider if you’d like to tie the knot someplace memorable. Destination weddings are ceremonies that are hosted away from the couple’s hometown and usually require travel for the wedding party and guests. Key Takeaways A destination wedding takes place
Homeowners who want to add energy-efficient features to their home can save substantial money in utilities bills, but they have other costs to consider. Along with the potential for savings on energy costs, energy-efficient features can provide a number of benefits for the environment and for the occupants’ health. However, the technology that helps a