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Don't assume your IRA custodian will track your nondeductible contributions. Keeping good records helps you avoid paying too much tax on your IRA distributions....

A unilateral contract is a one-sided contract agreement in which an offeror promises to pay only after the completion of a task by the offeree....

NFTs are cryptographic tokens that cannot be replicated. They can be used for transactions, have created new markets, and may have more use cases in the future....

State and local property taxes can be deducted from federal income taxes up to a limit. These generally don't include taxes on renovations or services....

A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it....

Diluted EPS is a performance metric used to assess a company's earnings per share if all convertible securities were exercised....

The Heroes Earned Retirement Opportunities (HERO) Act allows combat pay to be used to fund a tax-advantaged retirement account....

Advice for workers, the unemployed, and retirees on protecting and building your retirement savings during and after the coronavirus crisis....

Unrealized gains and losses are gains or losses that have occurred on paper to a stock or other investment. They become realized when the asset is actually sold....

401(k) plans can be a good way to save for retirement, even without an employer match, mainly because they provide tax advantages. Learn how the tax breaks work....

Millions of Americans rely on 401(k) accounts to help them save for retirement. Learn about the average 401(k) balance to see how yours compares....

American Express shares rose more than 10% Friday after the credit card provider announced it added a record number of new card accounts in 2022, allowing it to increase its dividend....

U.S. markets closed out a winning week with fresh gains Friday, buoyed by economic reports showing inflation easing and consumer sentiment on the rise....

Three analysts have downgraded the drug giant's stock ahead of Tuesday's quarterly results and annual guidance....

Fixed-rate mortgages showed minimal movement, holding in a range between 6.25% and 6.5% for more than two weeks now....

Qualifying investments are tax-deferred, allowing investors to make contributions with pretax income....

ExxonMobil's quarterly sales, profit likely increased, capping a strong year boosted by high oil and natural gas prices that helped its stock price almost double....

We developed criteria to compare mortgage lenders. Learn more about our mortgage lender review methodology....

Find out how the Kohl's credit card works and how shoppers can generate bigger savings throughout the year as a Kohl's cardholder....

Political economy is a branch of the social sciences that focuses on the interrelationships among individuals, governments, and public policy....

Chevron's decision this week to buy back $75 billion of its shares and hike its dividend sets the stage for one of the largest corporate buybacks in recent history....

Snap reports Q4 fiscal results on Tuesday. Analysts expect adjusted EPS to fall by more than half and that revenue grew at the slowest pace in many years....

DTE Energy, NextEra Energy, and OGE Energy are outperforming peers even as the global economy slows....

The Federal Reserve's preferred gauge of inflation fell to its lowest level in more than a year in December as prices for goods declined, and consumers cut back on spending....

An additional voluntary contribution is a payment to a retirement savings account that exceeds the amount that the employer pays as a match....

Uniform transfer tax refers to a combination of two kinds of federal taxes....

Fixed income refers to assets and securities that bear fixed cash flows for investors, such as fixed rate interest or dividends....

The Laffer Curve displays the relationship between tax rates and tax revenue collected by governments....

Cyclical unemployment and structural unemployment differ greatly. Here we describe how different types of unemployment impact workers and the economy....

Preferred stock refers to a class of ownership that has a higher claim on assets and earnings than common stock has....

Investment managers are individuals or organizations who handle activities related to financial planning, investing, and managing a portfolio for their clients....

Unlike the special 2021 rules for charitable contributions, the 2022 and 2023 rules require donors to itemize their deductions to claim any charitable contribution deductions. The AGI limit, which was 100% in 2021, goes back to 60% for cash donations for ...

Shares of paint manufacturer Sherwin-Williams declined after the company expressed uncertainties about the housing market and other demand conditions....

U.S. equities indexes moved higher on Thursday, Jan. 26, with stocks receiving a boost from a positive economic report and corporate earnings news....

While exchange-traded funds saw inflows in 2022, BlackRock and Vanguard outraised SPY...

The 30-year mortgage average declined about a tenth of a point, extending a two-week yo-yo pattern between 6.25% and 6.5%....

A gold IRA is a retirement investment vehicle used by individuals who hold gold bullion, coins, or other approved precious metals....

The latest Investopedia investor sentiment survey shows that retail investors are a little less worried about their portfolios, but not quite ready to jump in....

BofA again plans to give restricted stock rewards to most of its workers, reflecting the balance big financial firms are trying to strike between restraining costs and retaining talent....

Yes, you can invest in actual gold or other precious metals for your IRA. See the special rules for gold IRAs and what to consider before investing....

The U.S. economy grew faster than expected in the fourth quarter, led by resilient consumer spending and a tight labor market, suggesting that the nation hasn't entered a recession....

A Roth IRA is a retirement plan that comes with many benefits. Learn how to open a Roth IRA in a few steps....

The composite index of leading indicators is another name for the Conference Board's Leading Economic Index, which helps predict U.S. economic cycles....

The Qualified Retirement Savings Contribution credit is a tax form used to calculate an individual or married couple's saver's credit....

The original misery index combines the rates of inflation and headline unemployment as a measure of a nation's economic health....

Bankers' beachfront paradise on Long Island falls victim to Wall Street woes....

Employers can bolster workers' long-term financial security by educating them on the full consequences of 401(k) loans and offering alternatives....

Opening your first IRA should be just an early step in your ongoing financial education. But the more help you need, the higher fees you're likely to pay....

To attract enlistees, the U.S. military is very transparent up front about its pay scales and benefits. Before deciding to enlist, you should check them out thoroughly....

Top stocks include Target Hospitality, Madrigal Pharmaceuticals, and TransMedics Group, which soared more than 300% in the past year while the Russell 2000 Index lost a 10th of its value....