Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread 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.