When it comes to maximizing tax-free retirement savings, high-income earners often face limitations due to income thresholds for Roth IRAs. However, there is a relatively unknown strategy called mega backdoor Roth conversions that can help these individuals overcome those barriers. This method involves transferring after-tax 401(k) contributions to a Roth account, allowing investors to take
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Aston Martin, the iconic sports car manufacturer, is on the cusp of a significant transformation under the leadership of Executive Chairman Lawrence Stroll. After years of financial struggles, the company is set to achieve cash flow positivity this year. Stroll’s vision for the company involves a strategic shift towards consistent and sustainable growth, driven by
In a changing job market, many companies are reevaluating their hiring criteria and shifting their focus toward applicants’ skills rather than traditional metrics like education or years of experience. Recent data from job site Indeed indicates that the share of online job postings in the U.S. listing specific requirements for employment tenure has decreased significantly,
In a recent announcement, the Food and Drug Administration (FDA) has approved Moderna’s vaccine for respiratory syncytial virus (RSV) for adults aged 60 and above. This marks the company’s second product to enter the U.S. market, providing them with a much-needed revenue source amidst declining demand for their Covid jab. The decision to approve Moderna’s
In a surprising move, billionaire investor Bill Ackman is selling a 10% stake in Pershing Square, with plans to eventually take his investment firm public. This decision has sparked interest and speculation in the financial world, as Ackman’s firm is raising $1.05 billion in a funding round, with a valuation of $10.5 billion. Ackman’s hedge-fund
France is currently positioning itself as the next artificial intelligence superpower, with significant developments in the AI sector. The recent Viva Technology conference held in Paris showcased France’s progress in becoming a leader in AI. The investment of $220 million in French AI firm H from U.S. tech giants like Amazon and Google’s former CEO,
When it comes to selling luxury real estate, the traditional approach often involves staging a property with elegant furniture and decor to entice potential buyers. However, Paul Lester, a partner at The Agency, has taken a different approach by integrating high-end art into the homes he lists. In a bid to elevate the overall experience
Costco Wholesale has exceeded Wall Street’s expectations for its third-quarter earnings, showcasing a robust financial performance driven by increased sales and lower operating expenses. The company reported a total revenue of $58.52 billion for the fiscal 2024 third quarter, marking a 9.1% year-over-year increase and surpassing analysts’ estimates. Additionally, earnings per share came in at
Recent data from Vanguard reveals interesting insights into the hiring patterns across different income brackets in the United States. The data shows that while the pace of hiring remains strong for lower-earning Americans, there has been a slight decline in the demand for higher-income workers. The hire rate for the bottom one-third of workers by
In a recent financial conference, Bank of America CEO Brian Moynihan highlighted a noticeable shift in consumer and business spending patterns in the United States. It appears that both individuals and small- to medium-sized businesses are becoming more cautious with their expenditures due to elevated levels of inflation and interest rates. Moynihan pointed out that