A Ministry of Commerce spokesperson did not mention any U.S. actions specifically, but it's been a tense couple of weeks for the trade negotiations.World Politicsread more
U.S. stock index futures were lower Thursday morning, as market participants continue to monitor an intensifying trade war between the world's two largest economies.US Marketsread more
British Prime Minister Theresa May could announce her resignation in the next few days, according to U.K. media reports, as she faces increasing pressure from members of her...Europe Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
Chinese government-aligned experts are stressing that the U.S. will need to negotiate a trade agreement with Asia's largest economy.China Economyread more
Escalating trade tensions have hit emerging markets hard this month. With the trade war still a looming fear for markets, Miller Tabak equity strategist Matt Maley is making a...Trading Nationread more
Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Indian Prime Minister Modi is on course to return to power for a second term after his party reportedly won big at the parliamentary elections.Electionsread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
We all know it's important to save for retirement. But exactly where you invest that money may be just as important.
What type of account should you set up for your retirement dollars? Taxable or non-taxable? Traditional or Roth IRA?
Mark Mercuri asked me this question on Facebook:
"Would a Roth IRA be more beneficial than a traditional IRA in your 40s and 50s?"
In your 40s and 50s, you're still young. It's possible that you're going to live until 90. A Roth IRA gives you the opportunity to grow your retirement savings tax-free.
Unlike a traditional IRA, you won't get an immediate tax break with a Roth, since you're investing after-tax dollars. But earnings grow tax-free and, generally, you won't have to pay taxes on the money that you take out after age 59 1/2, as long as you've held the account for five years.
Still it's always important to compare your current income tax rate to your projected income tax rate in retirement. Choose the type of IRA that's most suitable for your future tax and financial profile.
If you have retirement questions, email me at email@example.com or tweet me at and use the #GetAPlan hashtag.