The world of business has always been a harsh, survival-of-the-fittest environment. Like any realm that thrives on competition and the threat of losses, the investing world is rife with conflict. So it is not surprising to see so many military terms creeping into the vocabulary of everyday investors or TV analysts. Take a look at …
Is Buying a House After Bankruptcy Possible? A bankruptcy proceeding can reduce or even eliminate your debts, but it will damage your credit report and credit score in the process, which can affect your ability to obtain credit in the future for things such as new credit cards, a car loan, and a home mortgage. …
Buying a House After Bankruptcy? It Is Possible! Read More »
Keogh vs. IRA: An Overview A Keogh plan (pronounced KEE-oh), or HR10, is an employer-funded, tax-deferred retirement plan designed for unincorporated businesses or self-employed persons. Contributions to it must come from net earnings from self-employment. The term itself is outdated. The Internal Revenue Service (IRS) now calls them “qualified plans.” An individual retirement account (IRA), …
QuickBooks vs. Quicken: An Overview QuickBooks and Quicken are two of the most widely used financial management tools in the world. Both programs were part of Intuit (INTU), but Quicken was sold to H.I.G Capital in 2016. Both QuickBooks and Quicken have unique feature sets designed for different uses. Read on to find what each …
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You can contribute to a Roth IRA after filing your taxes and you don’t even need to amend your return to do so. If you’ve ever used online software to file your taxes, you may have noticed a question that pops up: “Have you made or do you plan to make contributions to a Roth IRA for …
Can You Fund a Roth IRA After Filing Your Taxes? Read More »
You can still contribute to a Roth IRA and/or traditional IRA even if you participate in a 401(k) plan at work—as long as you meet the IRA’s eligibility requirements. You might not be able to take a tax deduction for your traditional IRA contributions if you also have a 401(k), but that will not affect the amount you are …
Venture capital (VC) firms search the startup world and look for the next Meta (formerly Facebook) or YouTube. They provide risky capital infusions to early-stage or small companies that have limited access to more conventional sources of capital like bank loans. In exchange, the venture capitalists receive an ownership stake in the company and significant managerial oversight. In …
A 401(k) is a powerful retirement savings tool. If you have access to such a program through work, it’s shrewd to take advantage of any employer match. If you still have money left over, there are other ways to save for retirement. Retirement planning ensures individuals will live out their golden years in comfort, so …
Retirement experts and financial planners often tout the 10% rule: to live comfortably in retirement, you must save 10% of your income. The truth is that—unless you plan to go abroad after ceasing to work full-time—you will need a substantial nest egg. And saving 10% is probably not enough. Key Takeaways Saving only 10% of …
