Author: News Room

The Secure Act has eliminated the stretch IRA for most people who are inheriting an IRA or 401(k). Now, beneficiaries who inherit an IRA will need to follow the 10-year rule, which can significantly increase the income taxes due on your inheritance, not to mention the new onerous rule of when and how much you must take each year in Required Minimum Distributions. The New Inherited IRA Required Minimum Distribution Rules The good news is that stretch IRAs are still available for spousal beneficiaries. However, for most non-spouse beneficiaries (think children, friends), the stretch IRA option has been replaced with…

Rebel Teahouse is Christine Nguyen’s business. And her happy place. Nguyen, 29, was a neuro ICU nurse, often treating patients who suffered a stroke or had brain cancer. Stressful enough, and then Covid-19 hit. “We were right there – frontline,” Nguyen told us in an interview. “There were all these battles about whether or not we should be vaccinated. … Seeing all the death didn’t help either.” So Nguyen left her nursing job and became an entrepreneur, opening a boba tea shop in a place that, like her, is in the middle of giant change. “Two or three years ago,…

Stay informed with free updatesSimply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox.The US secretly sent a long-range missile system to Ukraine in February, reversing a decision to withhold the weapons that some in the White House feared could dangerously escalate the war with Russia.President Joe Biden’s decision to reverse course was influenced in part by Russia’s increased attacks on Ukraine’s civilian infrastructure in recent months, as well as the Kremlin’s use of North Korean ballistic missiles, according to two US officials.The officials said the Army Tactical Missile System, or Atacms, arrived in…

Ribbon Communications Inc. (NASDAQ:RBBN) Q1 2024 Earnings Conference Call April 24, 2024 8:30 AM ET Company Participants Joni Roberts – Senior Vice President & Chief Marketing OfficerBruce McClelland – President, Chief Executive Officer & DirectorMiguel Lopez – Executive Vice President & Chief Financial Officer Conference Call Participants Christian Schwab – Craig-HallumDave Kang – B. Riley SecuritiesTrevor Walsh – JMP SecuritiesTim Savageaux – Northland Capital Markets Operator Hello and welcome to the Ribbon Communications First Quarter 2024 Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to turn the call over…

The Chimpzee NFTs are finally on the horizon, with the whitelist event for presale participants on April 15th followed by the public launch on April 16th.Investors of the $CHMPZ token have been highly excited about the incoming NFTs over the past few weeks. They will allow holders to earn the maximum passive income through staking and an exclusive opportunity to win up to $10,000.00 USDT through a special promotion from this charity-focused ecosystem.Chimpzee is a Web3 ecosystem that allows its users to earn a passive income while positively contributing to the world by saving animals and the environment.Chimpzee Announces NFT…

A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses and protect taxpayers from ever having to bail out a major bank. Now, the giant Swiss lender is hitting back, saying its finances are robust and warning that the proposal could harm Switzerland’s standing as a global financial center. Speaking at the bank’s annual shareholder meeting Wednesday, UBS chairman Colm Kelleher said he was “seriously concerned” about current discussions that could force the bank to hold much more cash and other liquid assets. “Additional…

Check out the companies making headlines in midday trading: Boeing — The aerospace giant fell 1.5% even after noting that it burned through $3.9 billion in cash in the first quarter. The cash burn was lower than what analysts had feared. Boeing also posted an adjusted loss of $1.13 per share on revenue of $16.57 billion, beating the adjusted loss of $1.76 per share and revenue of $16.23 billion that analysts polled by LSEG had forecast. Tesla — Shares surged 9% despite the company’s weaker-than-expected first-quarter financial update, after CEO Elon Musk said Tesla plans to begin production of new…

We have a divided market, especially in tech. It was a major theme in the Club’s April Monthly Meeting . There are companies that everyone loves and companies everyone is on the fence about, and then the company that everyone hates. Let’s start with the beloved. I’m talking about Meta Platforms , which delivers earnings on Wednesday evening, as well as Alphabet and Microsoft , which are out late Thursday. Amazon is next week. META YTD mountain Meta Platforms YTD Meta has the biggest tailwind on Earth being dangled in front of it — the newly signed law that says…

Many borrowers currently struggling with student loan payments would benefit from enrolling in an income-driven repayment plan, according to a recent Student Debt Crisis Center (SDCC) survey. Roughly three out of four borrowers who make $75,000 or less annually and would benefit from the SAVE plan are not currently enrolled in the plan, the survey said. Moreover, 38% of these borrowers are at risk of defaulting on their student loan payments six months from now and could be missing an opportunity to find debt relief in existing programs. President Joe Biden’s Saving on Valuable Education (SAVE) plan could lower borrowers’ monthly payments…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 7.125% as of April 8, which is unchanged from Friday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 6.125%, which is 0.125 percentage points higher than Friday. With mortgage rates changing daily, it’s a good idea to check today’s rate…