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NuStar Energy LP (NS)
The Worst Way to Invest in Today's Market
With the market still down about 25% over the past year, there should be plenty of cheap stocks out there today. Right? NO! It depends.
A Close Look at Five Biotech ETFs
SPDR Biotech ETF (XBI), PowerShares Dynamic Biotech & Genome (PBE), IShares NASDAQ Biotechnology (IBB), First Trust AMEX Biotechnology (FBT), and finally the Biotech HOLDRs (BBH).
The only 7 investments you need
What to ask your next mortgage broker?
To survive the shakeout in their industry, mortgage brokers will have to do business more transparently. A number of bills before Congress would require them to disclose fees and take on a fiduciary responsibility - that is, represent their client's best interest.
Two Banks That Don't Need TARP Funds
JP Morgan (JPM), Wells Fargo (WFC)
Global Depository Receipt
Q: I am self-employed and fund a SEP-IRA each year. Can I open an individual Roth 401(k) as well?
A: Technically you can. But given that you'd have to split the maximum $46,000 contribution between accounts, it may be more trouble tan it's worth. So is a 401(k) or a SEP a btter choice? The 401(k) lets you save faster, since you can put int 15,500 of pretax or post-tax dollars plus 20% of your net income. With a SEP-IRA your contributions are limited to 20% of what you earn, so you need to make about 230,000 to reach the max. In addition, the Roth 401(k) lets you make tax-free withdrawals in retirement. To open an individual 401(k), however, you have to file a lot more paperwork or speend $500 to $1000 a year on a plan administrator. That's why the 401(k) is best for high earners and big savers, says plan administrator Barry Milberg. Hate to give up the Roth tax-free income? Get the IRA version: As long as your adjusted gross income is less than $169,000 (or if you're single, $116,000), you can fund both a SEP and a Roth IRA this year.
What is Roth 401(k)?
The 'Roth 401(k)' is a type of retirement savings plan. It was authorized by the United States Congress under the Internal Revenue Code, section 402A, and represents a unique combination of features of the Roth IRA and a traditional 401(k) plan. As of January 1, 2006 U.S. employers have been free to amend their 401(k) plan document to allow employees to elect Roth IRA type tax treatment for a portion or all of their retirement plan contributions. The same change in law allowed Roth IRA type contributions to 403(b) retirement plans. The Roth retirement plan provision was enacted as a provision of the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA 2001).
What is SEP-IRA?
A Simplified Employee Pension Individual Retirement Account (SEP IRA) is a variation of the Individual Retirement Account used in the United States. SEP IRAs are adopted by business owers to provide retirement benefits for the business owners and their employees. There are no significant administration costs for self-employed person with no employees. If the self-employed person does have employees, all employees must receive the same benefits under an SEP plan. Since SEP accounts are treated as IRAs, funds can be invested the same way as any other IRA.