Looking at official data, it seems that the economy has fully recovered from the shutdown. This simple analysis understates the degree of the problem. Every dollar spent in the economy generally increases the value of GDP by more than a dollar. This is known as the velocity of money. But money velocity suggests economic contraction if you take away government support.
Contrary to headlines, many employees are satisfied with their wages. Data shows 63.9% of respondents are satisfied with their wages, a record high.
Let’s focus on which particular savings vehicle — the traditional IRA or the Roth IRA — is a better match for you and your retirement goals.
Joe Biden’s tax plan could affect some wealthier earners. Here are some ways to protect your wealth if the plans come to fruition.
For some, it’s smart to convert a traditional retirement account to a Roth IRA. For others, you’re only screwing yourself over.
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