Christine Fahlund News
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For Americans planning for retirement, the past decade has been dreadful.
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Look at your kids and you'll likely think of education, marriage or career, not retirement. Now, though, when kids are relatively young, is the smart time to set them up with a Roth IRA for their retirement.
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Investors aren’t rushing to lower their tax bills by reconverting their Roth IRA accounts to traditional ones ahead of the Oct. 17 deadline.
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Retirees may have to delay Social Security benefits and buy an annuity to have enough money for retirement, said a U.S. government study.
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The extension of current income-tax rates gives wealthy taxpayers the equivalent of an interest-free loan if they convert a regular Individual Retirement Account to a Roth by Dec. 31.
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More than half of U.S. savers with taxable individual retirement accounts won’t convert to a tax- free Roth type because they aren’t convinced about the tax savings, according to a Putnam Investments LLC survey.
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Retail investors turned the Dow Jones Industrial Average’s 348-point plunge yesterday into the biggest trading day of the year at Vanguard Group Inc., the largest U.S. provider of stock and bond mutual funds.
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Mark Watson, an attorney, sold shares of Apple Inc. at 2:47 p.m. yesterday as the Dow Jones Industrial Average had its biggest intraday percentage decline since the market crash of October 1987.
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