Author: News Room

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldDealmakers are being forced to reassess expectations for a surge in activity this year, as stock market falls and policy uncertainty from the new Trump administration have held back takeovers and initial public offerings. As the end of the first quarter approaches, the volume of takeovers globally has risen more slowly than many advisers expected at the end of last year when investment banking stocks hit record highs in anticipation of a “Trump bump”. The number of deals announced since…

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A Roth solo 401(k) can make up for the loss of your access to an employer-sponsored retirement plan. Planning for retirement is crucial, especially for self-employed individuals or those without access to employer-sponsored retirement plans. One effective option to consider is the Solo 401(k), also known as an Individual 401(k) or Self-Employed 401(k). This plan offers significant tax advantages and flexibility, making it an excellent choice for business owners without full-time employees. What is a Roth Solo 401(k)? A Roth Solo 401(k) is a retirement savings plan designed specifically for self-employed individuals or business owners with no full-time employees, except…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldChina said it was ready for any “unexpected shocks”, ahead of US President Donald Trump imposing higher tariffs on the world’s second-biggest economy and rival superpower.Premier Li Qiang, responsible for the Chinese economy under leader Xi Jinping, told foreign business leaders gathered in Beijing on Sunday that uncertainty and instability were rising, but China would choose the “correct path” of globalisation and multilateralism. “We have preparations for possible unexpected shocks, which of course mainly come from external sources,” Li said. The US is…

This article was written byFollowSmall deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well, you can land a Jumbo on the spread and still have clearance for take-off. From time…

A mega backdoor Roth conversion is a retirement plan strategy that can allow individuals to allocate money to the Roth tax strategy above and beyond both traditional 401(k) and IRA limits. When done correctly, the conversion of assets from traditional after-tax contributions in a 401(k) plan to a Roth account doesn’t trigger a taxable event. However, there are complexities and important testing challenges associated with a mega backdoor Roth conversion. For a mega backdoor Roth conversion to work, a retirement plan must have certain plan design elements in place, including the following: Traditional after-tax contributions — To start the process,…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldUS President Donald Trump has revoked security clearances for Kamala Harris and Hillary Clinton, his former rivals for the White House, as he expands his campaign of retribution against political opponents. Trump announced on Friday night that the former vice-president, and former First Lady and secretary of state, would be included in a list of individuals he wants stripped of access to sensitive government information. He defeated Clinton in the 2016 presidential election and Harris in 2024.Trump’s list also included…

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If you want to retire in or to California, you may wonder how California will take your Social Security and other retirement benefits. There is some good news and some bad news here. The good news is that regardless of where you choose to retire in California, you will not owe state taxes on your Social Security benefits. However, California will still take a chunk of your other retirement income sources. The ok news is that while California has a reputation as a high-tax state, you may or may not owe a high amount of taxes on other retirement income.…

Heathrow is the world’s second-busiest international airport behind Dubai, according to travel data group OAG. It handles 1,300 take-offs and landings each day. Nearly 100 flights have been cancelled and about 120 flights due to arrive at Heathrow are being diverted, according to flight tracking website Flightradar24. Incoming aircraft are being redirected to nearby airports including London’s Gatwick and Stansted, Birmingham, Paris’s Charles de Gaulle, Helsinki and Shannon in Ireland. The closure will affect at least 1,351 flights, it added.Arrivals were “regulated at Zero due to power outage in the airport”, according to an announcement on the operations portal of…