Financial advisor and columnist Matt Becker Is it wise to start converting my 401(k) into an IRA (and then Roth) by 10% per year in order to avoid having to claim too much income each year when converting and also avoid RMDs as much as I can? -Cathy It’s definitely smart to be thinking about […]
Over multidecade periods, Wall Street has proved to be a bona fide wealth-creating machine. But over shorter timelines, such as a few months or a couple of years, directional moves in the major stock indexes can be unpredictable. For the past decade, when the going has gotten tough on Wall Street, investors have turned to […]
FREEHOLD – Prosecutors have rejected an Asbury Park man’s bid to avoid criminal prosecution on charges he repeatedly raped, tortured and killed his pet cat, but the defendant’s attorney says he will appeal the decision to a Superior Court judge. Bani J. Mezquititla, 19, appeared before Superior Court Judge Chad N. Cagan Wednesday to hear […]
Converting a 401(k) to a Roth IRA can potentially provide valuable long-term benefits, but it also triggers a tax bill that you’ll need to plan for. While the taxes on a Roth conversion can’t be avoided, savers can reduce the burden through several strategies like gradual conversions and timing adjustments. Those nearing retirement can weigh […]
Last year was a challenging one for the energy sector. Lower oil and gas prices, along with higher interest rates, weighed on the sector. Energy stocks in the S&P 500 index lost about 4% on the year, compared to a 24% gain for the broader market index. That sell-off has many energy stocks looking like […]
Although 2023 was a stellar year for the stock market, volatility has been the name of the game for much of the past four years. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite have oscillated between bear and bull markets in successive years since this decade began. When volatility picks up on Wall […]
Wall Street closed out 2023 on fire, moving higher for the final nine trading weeks of the year. But there are still stocks sinking in the rising tide. I thought my three stocks to avoid for last week — Alibaba Group (NYSE: BABA), Steelcase (NYSE: SCS), and JD.com (NASDAQ: JD) — were going to lose […]
Any investing exposure to the “Magnificent Seven” stocks has made your 2023 investing year a big success. This group of mega-cap tech stocks, including Nvidia (NASDAQ: NVDA), Amazon (NASDAQ: AMZN), Tesla (NASDAQ: TSLA), Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Meta Platforms (NASDAQ: META), and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), has outperformed the broader market despite the […]
The stock market has soared over the last decade. A $10,000 investment made in a market-tracking fund like the Vanguard S&P 500 ETF (NYSEMKT: VOO) at the start of 2014 would be worth $29,673 today after having grown at a compound annual rate of 11.6%, assuming that dividends were reinvested along the way. But the […]
Guillem de Balanzo / Getty Images/iStockphoto As important as it is to save money, it’s just as critical to stay alert for various financial scams. There are so many out there, including a new gas station scam for be on the lookout for. I’m a Financial Expert: Always Buy the Cheapest Version of These 10 […]
Ask an Advisor: If I Have a Tax-Deferred 401(K). Can I Convert It to a Roth IRA Without Paying the Deferred Taxes When I Roll It Over? If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer […]
Whether it’s been a while since you stepped foot in a gym or if you’re visiting for the first time this January, listening to your body is key – especially when it comes to preventing injuries. This is true whatever your age, but is there anything specific to be aware of for certain age groups? […]