Traditional IRAs can get interesting if you or a spouse is covered by a qualified plan at work.
You are able to deduct all of your contributions into a Traditional IRA as long as you (or your spouse) are not a participant in an employer-sponsored retirement program. If either of you are, there are certain regulations you should be aware of. The amount of your contribution that can be tax-deductible is determined by your (and your spouse’s) modified adjustable gross income (MAGI).
In 2016, if you have a qualified plan at work, you can still make deductible contributions if you income is up to $71,000 as a single person or $118,000 as a married couple. If your spouse is covered by a plan at work but you aren’t, you can keep making deductible contributions to your traditional IRA up until your joint MAGI is $184,000.
As always, it is important to consult a financial or tax advisor to find out how much of your contribution can be deductible.
It is also possible to make non-deductible contributions to an IRA, but please see, “How Do Deductible and Non-Deductible IRAs Differ?”
There are large venture capital firms, which might invest in any start-up company if they think the company has potential
VIX is the ticker of the volatility index of the S&P 500. It serves as a gauge of market sentiment (a.k.a. “fear gauge”)
A Zero Coupon Bond is one that does not make interest payments - the bondholder only receives the face value back
A derivative is a security which monetizes the risk or volatility associated with a reference asset
Some securities, such as IPOs, are prohibited from being purchased on margin or for serving as margin for other purchases
A ‘poison pill’ is a maneuver by a company to make itself less attractive to a hostile takeover
The Federal Communications Commission is a bipartisan regulatory body that oversees interstate communications media
The IASC was part of the NSMIA legislation passed in 1996. Up until that point, all advisors were regulated by the SEC
Underwriting is the process through which risks are accepted by an institution. Underwriting is the assessment of risk
Under current law (the Affordable Care Act), everyone is eligible to receive health insurance coverage. However, not...