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Roth IRAs may be the best thing since sliced bread

Roth IRAs may be the best thing since sliced bread

Finance
If tax rates increase in the future (highly likely based on historical data), or if your tax rate in retirement will be higher than your tax rate now, a Roth IRA could be a banner idea. Investors who expect to have a higher tax rate in retirement have the most to gain with a Roth IRA, because you pay lower taxes on contributions now to avoid higher taxes on withdrawals later.This is particularly true for younger investors. The younger you are, the more earning potential you have and the more chance your income will be higher at retirement. Put another way, the greater the difference between your income now and your income in retirement, the more advantageous a Roth IRA can be.Let's block ads! (Why?) Financial Advisor Hub
After-hours buzz: P, SYF & more

After-hours buzz: P, SYF & more

Finance
Check out which companies are making headlines after the bell:Shares of Pandora shot up nearly 4 percent in extended trading after the company announced a new CEO at the closing bell. Roger Lynch, former head of online TV provider Sling, will take over for Pandora's founder, Tim Westergren, who became CEO of the company for the second time just last year.Synchrony Financial's shares jumped more than 4 percent in after hours trading. Warren Buffett's conglomerate Berkshire Hathaway revealed a stake of 17.46 million shares in the Connecticut-based company in a financial disclosure after the bell.Shares of Arconic fell more than 2 percent in extended trading. The lightweight metals manufacturer posted gains in day trading on Monday for the first time since Aug. 7.Shares of General Electric sl...
How to save enough money for a down payment on a home

How to save enough money for a down payment on a home

Finance
Money guide for MillennialsSaving up a down payment to buy your first house can seem a pretty daunting task. If you've never had more than a few thousand dollars in the bank at any given time, then setting aside five figures or more may seem impossible. However, getting a down payment together is not as difficult as you may think -- if you go about it the right way. Figure out how much house you can afford The first step in saving up your down payment is to pin down the amount you can responsibly spend on a house. Lenders will typically limit your mortgage amount so that your monthly housing payments (including property taxes and insurance) will not exceed 28% of your pre-tax monthly income. But if your income is a bit iffy -- for example, if your pay fluctuates seasonally or you work in ...
How to decide when to get travel insurance

How to decide when to get travel insurance

Finance
There are plenty of what ifs that could derail your travel plans. But does it necessarily follow that you need travel insurance?Nervous travelers have had plenty of real-world examples this summer, from a power outage in the Outer Banks off North Carolina that forced the evacuation of an estimated 50,000 visitors and prevented the arrival of many more, to Tropical Storm Cindy, which affected travel in five states. Last week, the National Oceanic and Atmospheric Administration raised its tropical storm and hurricane forecast, noting this year could be "extremely active."More travelers are opting in for coverage. Last year, 42.6 million travelers purchased more than 32.3 million travel insurance plans, according to the U.S. Travel Insurance Association. Those numbers are up 23.7 percent and ...
Hasbro Deal for Lions Gate Falls Through. Which Movie Studio Is Next?

Hasbro Deal for Lions Gate Falls Through. Which Movie Studio Is Next?

Finance
Hasbro (NASDAQ: HAS) is 0-for-2 when it comes to buying big movie studios. Reuters recently revealed that the toy maker was in talks to buy Lions Gate Entertainment (NYSE: LGF-A) (NYSE: LGF-B) , but the deal apparently fell apart over price. Similar to Hasbro's failed attempt to acquire DreamWorks Animation in 2014, which also went nowhere because of price, it shows the toy maker is serious about breaking into Hollywood.Making toys is OK, but the real money is in movies, which can lead to higher toy sales. Owning a studio outright cuts out the middleman and allows Hasbro to keep more of the profits for itself. Still, it's a strategy fraught with risk and one Hasbro hasn't shown itself particularly adept at outside of the Transformers franchise, but since th...