The IRS requires IRA owners to take distributions starting at age 70 ½.
By April 1st of the year following the year you turn 70 ½, the IRS needs to see a distribution from your IRA that satisfies the Required Minimum Distribution rule. The RMD is calculated using a table published by the IRS, and each age is assigned a different “factor.”
The factor is a number, and you divide the balance of your IRA or 401(k) by that number to reveal the amount that will satisfy your RMD obligation. The factor decreases incrementally as the ages increase.
You may also be ordered by a judge to liquidate a large portion of your account as a result of a QDRO ruling in a divorce proceeding.
Several forms of fees and expenses may be charged to those who own, buy, or even sell mutual funds. With mutual funds...
Cash Balance plans are Defined Benefit plans, but are not much like Pensions, or other types of retirement plans
A primary difference between a will and a trust is that a will goes into effect once you die, but a trust goes into...
The IRS has already paved the way for employers to pay wages using bitcoin and other cryptocurrencies
The Descending Triangle pattern is formed when a currency pair price establishes a support level and bounces off that level
The Security Market Line (SML) is a visualization of the Capital Asset Pricing Model (CAPM) and shows thee relationship between risk and return in trading
A warrant is an agreement giving the holder the right to buy (or sell) a certain number of shares of a company
Chartists are theorists who attempt to find parameters and algorithms that can offer efficient trading signals and profits
A common stock is the one you’re most familiar with - having a share of ownership in a company
As a general statement, a liability refers to some form of currency (or service) that is owed from one party to another