5 things to know before the stock market opens Monday

Dow to sink 700 points at Monday openTrader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020. Outbreak concerns were already intensifying last week, sending the Dow down 227 points or 0.8% on Friday, breaking a two-week winning streak. Buffett sees stock plunge as a buying opportunityWarren Buffett Gerard Miller | CNBCBillionaire investor Warren Buffett, who joins CNBC’s “Squawk Box” for three hours ending at 9 a.m. ET, said Monday that he views the stock marke


Dow to sink 700 points at Monday openTrader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020.
Outbreak concerns were already intensifying last week, sending the Dow down 227 points or 0.8% on Friday, breaking a two-week winning streak.
Buffett sees stock plunge as a buying opportunityWarren Buffett Gerard Miller | CNBCBillionaire investor Warren Buffett, who joins CNBC’s “Squawk Box” for three hours ending at 9 a.m.
ET, said Monday that he views the stock marke
5 things to know before the stock market opens Monday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, opens, coronavirus, stock, know, deaths, market, nevada, buying, cases, buffett, stocks, 2020, dow, things


5 things to know before the stock market opens Monday

1. Dow to sink 700 points at Monday open

Trader Michael Urkonis works on the floor of the New York Stock Exchange, January 28, 2020. Bryan R Smith | Reuters

U.S. stock futures were pointing to about a 700-point or 2.4% decline at Wall Street’s open on Monday for the Dow Jones Industrial Average, trimming some earlier losses. However, European stocks were faring worse, with Italian equities down 4% as Italy grapples with the largest coronavirus outbreak outside of Asia, with more than 150 reported cases and four deaths. On Sunday at the G-20 summit in Riyadh, Saudi Arabia, Treasury Secretary Steven Mnuchin told CNBC that U.S. officials will have a better idea of how the coronavirus spread will impact the economy in “three or four weeks.” Outbreak concerns were already intensifying last week, sending the Dow down 227 points or 0.8% on Friday, breaking a two-week winning streak.

2. Treasury yields slide as gold soars

3. Buffett sees stock plunge as a buying opportunity

Warren Buffett Gerard Miller | CNBC

Billionaire investor Warren Buffett, who joins CNBC’s “Squawk Box” for three hours ending at 9 a.m. ET, said Monday that he views the stock market’s huge decline as a buying opportunity. “We’re a net buyer of stocks over time. When stocks are down we’re going to be buying on balance. Would rather buy at a lower price than a higher price,” he said. Click here to keep up with everything Buffett says on CNBC on Monday morning. On Saturday, he released the most widely anticipated shareholder letter of the year and discussed how Berkshire Hathaway’s business fared throughout 2019.

4. South Korea coronavirus cases and deaths climb

In addition to an explosion of coronavirus cases in Italy, South Korea cases climbed to more than 830, with seven deaths. Health authorities said that global cases rose to nearly 79,500 with over 2,600 deaths — still with the vast majority of cases and deaths in China where the new virus originated. Chinese leaders decided Monday to postpone the third session of the 13th National People’s Congress, according to state media. The annual event in Beijing, at which China releases economic targets for the year, had been set to begin next week. No future date was given.

5. Sanders to win Nevada caucuses, followed by Biden

Democratic presidential hopeful Vermont Senator Bernie Sanders gestures as he speaks during the ninth Democratic primary debate of the 2020 presidential campaign season co-hosted by NBC News, MSNBC, Noticias Telemundo and The Nevada Independent at the Paris Theater in Las Vegas, Nevada, on February 19, 2020. Mark Ralston | AFP | Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, opens, coronavirus, stock, know, deaths, market, nevada, buying, cases, buffett, stocks, 2020, dow, things


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Warren Buffett calls Apple ‘probably the best business I know in the world’

Warren Buffett told CNBC on Monday that Berkshire Hathaway’s “third-largest business,” after its insurance and railroad interests, is its stake in Apple. I think of it as our third business,” Buffett said on “Squawk Box.” Apple shares are up about 80% over the last 12 months. And that is a bigger commitment that we have in any business except insurance and the railroad,” Buffett said. Berkshire Hathaway, through one of Buffett’s lieutenants, bought its first 10 million Apple shares in May 2016.


Warren Buffett told CNBC on Monday that Berkshire Hathaway’s “third-largest business,” after its insurance and railroad interests, is its stake in Apple.
I think of it as our third business,” Buffett said on “Squawk Box.”
Apple shares are up about 80% over the last 12 months.
And that is a bigger commitment that we have in any business except insurance and the railroad,” Buffett said.
Berkshire Hathaway, through one of Buffett’s lieutenants, bought its first 10 million Apple shares in May 2016.
Warren Buffett calls Apple ‘probably the best business I know in the world’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, best, world, shares, know, probably, business, warren, berkshire, million, insurance, apple, railroad, stake, calls, buffett


Warren Buffett calls Apple 'probably the best business I know in the world'

Warren Buffett told CNBC on Monday that Berkshire Hathaway’s “third-largest business,” after its insurance and railroad interests, is its stake in Apple.

“I don’t think of Apple as a stock. I think of it as our third business,” Buffett said on “Squawk Box.”

The Oracle of Omaha’s annual letter to Berkshire shareholders, released on Saturday, showed a 5.7% year-end ownership in Apple stock.

As of late last year, Berkshire owned more than 245 million shares of Apple, worth nearly $72 billion, according to a Dec. 31 filing with the government.

Apple shares are up about 80% over the last 12 months.

“It’s probably the best business I know in the world. And that is a bigger commitment that we have in any business except insurance and the railroad,” Buffett said.

Berkshire counts insurance giant Geico Auto Insurance and North American railroad BNSF as wholly owned subsidiaries.

Buffett said he wished he bought Apple long before he did: “I should have appreciated it earlier.”

The billionaire investor revealed in a May 2018 CNBC interview that Berkshire Hathaway had upped its Apple stake by an additional 75 million shares, adding to its already huge stake at the time of 165.3 million shares.

Berkshire Hathaway, through one of Buffett’s lieutenants, bought its first 10 million Apple shares in May 2016.

Buffett, a self-admitted Luddite, resisted using an iPhone, in favor of his flip phone, even as Berkshire doubled down on Apple stock. But on Monday, he told CNBC that he finally gave in and switched to an iPhone.

“My flip phone is gone,” he said. “I’ve been getting several of them” over the years, including from Apple CEO Tim Cook.


Company: cnbc, Activity: cnbc, Date: 2020-02-24  Authors: matthew j belvedere
Keywords: news, cnbc, companies, best, world, shares, know, probably, business, warren, berkshire, million, insurance, apple, railroad, stake, calls, buffett


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

5 things to know before the stock market opens Friday

Dow tracking for first weekly loss this monthTraders work on the floor of the New York Stock Exchange (NYSE) on January 27, 2020 in New York City. Dow component Coca-Cola said Friday that negative impact from the coronavirus will shave 1 to 2 cents off first-quarter per-share earnings. Over the course of the afternoon, the Dow recovered two-thirds of those losses and closed off 128 points. Health officials in China on Friday reported more than 500 coronavirus cases traced back to four mainland p


Dow tracking for first weekly loss this monthTraders work on the floor of the New York Stock Exchange (NYSE) on January 27, 2020 in New York City.
Dow component Coca-Cola said Friday that negative impact from the coronavirus will shave 1 to 2 cents off first-quarter per-share earnings.
Over the course of the afternoon, the Dow recovered two-thirds of those losses and closed off 128 points.
Health officials in China on Friday reported more than 500 coronavirus cases traced back to four mainland p
5 things to know before the stock market opens Friday Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: matthew j belvedere
Keywords: news, cnbc, companies, coronavirus, cases, dow, china, warren, stock, spent, things, million, opens, york, wont, market, know, tmobile


5 things to know before the stock market opens Friday

1. Dow tracking for first weekly loss this month

Traders work on the floor of the New York Stock Exchange (NYSE) on January 27, 2020 in New York City. Spencer Platt | Getty Images

U.S. stock futures were pointing to a lower open Friday, with the Dow Jones Industrial Average heading for its first down week in February. Dow component Coca-Cola said Friday that negative impact from the coronavirus will shave 1 to 2 cents off first-quarter per-share earnings. On Thursday, the Dow suffered a dramatic midday plunge from down about 200 points to down 388 points in roughly two minutes. Over the course of the afternoon, the Dow recovered two-thirds of those losses and closed off 128 points. Despite the logging its four negative session in the past five trading days, the Dow remained about 1.2% away from record highs.

2. Widening coronavirus outbreak continues to worry investors

Members of a local neighborhood committee wear protective masks as they check the temperature of a resident entering at a barricade placed to control people entering and exiting a local hutong as part of government efforts to control the spread of the coronavirus on February 19, 2020 in Beijing, China. Kevin Frayer | Getty Images

While the cause of that rapid decline in the Dow remains unknown, some traders were pointing to a report out of China about a sharp increase in coronavirus cases at a hospital in Beijing. The timing of the report from the Chinese state-run Global Times did not match the market move lower, but it does show that the outbreak remains a concern on Wall Street. Health officials in China on Friday reported more than 500 coronavirus cases traced back to four mainland prisons, including two in Hubei province, the center of the outbreak. There are more than 76,000 cases worldwide and 2,249 deaths. The vast majority of cases and deaths are in China. On Friday, St. Louis Fed President James Bullard told CNBC that he expects the coronavirus to be a short-term problem and likely won’t lead to a central bank interest rate cut. “There’s a high probability that the coronavirus will blow over as other viruses have, be a temporary shock and everything will come back,” he said on “Squawk Box.” Bullard won’t be a voter on the Fed’s policy panel again until 2022.

3. What Democratic candidates spent in 2020 race so far

Two days after Mike Bloomberg’s debacle at the Democratic presidential debate in Las Vegas and one day before Saturday’s Nevada caucuses, a New York Times analysis shows the former New York City mayor spent nearly double fellow self-funding billionaire Tom Steyer and more than Bernie Sanders, Elizabeth Warren, Pete Buttigieg and Joe Biden combined. In the race thus far, Bloomberg has spent $409 million. Steyer has spent $254 million. Sanders has spent $117 million. Warren has spent $91 million. Buttigieg has spent $76 million. Biden has spent $63 million.

4. Sprint and T-Mobile to give Deutsche Telekom a higher ownership stake

Sprint and T-Mobile have agreed to amend their merger agreement to give Deutsche Telekom a higher ownership stake in the combined company. Deutsche Telekom, the majority owner of T-Mobile, will now hold 43%. Common shareholders won’t see a change in the exchange ratio. SoftBank, which controls of Sprint, agreed to surrender about 48.8 million T-Mobile shares it’ll gain in the merger after the transaction is complete. SoftBank will hold 24%. T-Mobile said it plans to close the merger by April 1. Last week, a federal judge ruled in ruled in favor of the $26 billion deal. However, it still can’t be completed until the California Public Utilities Commission gives its approval.

5. Buffett gets ready to release his annual Berkshire Hathaway shareholder letter

Berkshire Hathaway Chairman Warren Buffett Interview Credit: Daniel Acker/Bloomberg via Getty Images


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: matthew j belvedere
Keywords: news, cnbc, companies, coronavirus, cases, dow, china, warren, stock, spent, things, million, opens, york, wont, market, know, tmobile


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Kelly Evans: I don’t know much about solar…

…but I did stay at a Holiday Inn Express last night. They had never heard that line from the famous Holiday Inn commercials. Geothermal energy means sticking pipes about 500 feet down into the earth instead. The utility companies would need to offer something similar for geothermal systems to be similarly within reach for most people. Final note: we started looking into solar systems after a power outage and a headache-inducing experiment with a portable generator that needed a lot of maintena


…but I did stay at a Holiday Inn Express last night.
They had never heard that line from the famous Holiday Inn commercials.
Geothermal energy means sticking pipes about 500 feet down into the earth instead.
The utility companies would need to offer something similar for geothermal systems to be similarly within reach for most people.
Final note: we started looking into solar systems after a power outage and a headache-inducing experiment with a portable generator that needed a lot of maintena
Kelly Evans: I don’t know much about solar… Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: kelly evans
Keywords: news, cnbc, companies, know, energy, need, better, evans, stay, geothermal, dont, solar, holiday, systems, kelly, way, inn


Kelly Evans: I don't know much about solar...

…but I did stay at a Holiday Inn Express last night.

I made that joke at the tail end of Rapid Fire yesterday (Jon Fortt: “I’m not a lawyer, but…” Me: “But you did stay at a Holiday Inn Express last night!”). And afterwards, Robert Frank and Kate Rogers said to me: what was with the hotel reference? They had never heard that line from the famous Holiday Inn commercials. I am still dumbfounded by this and need you all to tell me whether I ought to be or not.

Anyhow, there was a fascinating story on my local NBC news* this morning. I can’t find a link online yet, so hopefully I can convey the gist of it: Con Ed, the local utility, is showing off a $20,000 geothermal system (after rebates) that both heats and cools your house. No furnace, no A/C system, and you won’t even need a humidifier, apparently, which is hugely appealing to me right now.

Here’s my point: could this be a real rival to solar power in the future? That cost is already attractive given that the solar systems we looked at cost at least that much, and you couldn’t even store the energy to use in case of an outage without buying at least two Tesla Powerwalls that could run $20,000 themselves and make me worry about the massive energy being stored in our house that could, I don’t know, explode?

Geothermal energy means sticking pipes about 500 feet down into the earth instead. Like I said, I’m no expert in this stuff, but a lot of you are, and I’d love to hear your thoughts on the pros and cons of geothermal versus solar. If it’s true that there’s a better, simpler way to heat and cool your home in an energy-efficient way, that’s a huge problem for solar, I would think. Those stocks have jumped sharply to start the year; the solar ETF, TAN (ha ha), has spiked to $41 lately after lingering in the low $20s since roughly 2016.

Now, solar gets “affordable” through complex financing schemes that make them pretty affordable on a monthly basis. The utility companies would need to offer something similar for geothermal systems to be similarly within reach for most people. But it’s better than being put out of business, right?

Final note: we started looking into solar systems after a power outage and a headache-inducing experiment with a portable generator that needed a lot of maintenance. Solar just didn’t make enough sense for us, so we went with the “whole-house” generator from Generac instead, which is pretty costly. Generac has been a stalwart stock performer and has more than doubled in just the past year. But if I were the company or its investors, I’d better be thinking about how to stay competitive with these alternative home energy systems going forward.

Have a great weekend, but first, see you at 1 p.m!

Kelly

*Among other incredible stories today such as the “coronavirus-themed party” at an upstate college, a 13-year-old seriously hurt by an innocent-sounding TikTok challenge, and the death of researcher Larry Tesler who pioneered the use of cut/copy/paste without which I couldn’t create this newsletter.

Twitter: @KellyCNBC

Instagram: @realkellyevans


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: kelly evans
Keywords: news, cnbc, companies, know, energy, need, better, evans, stay, geothermal, dont, solar, holiday, systems, kelly, way, inn


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer’s lightning round: ‘Roku is a great way to play cord-cut’

I’m going to have to say no to you.” I’m talking about the oil and oil services stocks. Roku: “I think Roku is a great way to play cord-cut. I like Trade Desk. Trade Desk is going to report next week.


I’m going to have to say no to you.”
I’m talking about the oil and oil services stocks.
Roku: “I think Roku is a great way to play cord-cut.
I like Trade Desk.
Trade Desk is going to report next week.
Cramer’s lightning round: ‘Roku is a great way to play cord-cut’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
Keywords: news, cnbc, companies, play, great, think, going, know, round, stocks, oil, ive, lightning, cramers, cordcut, roku, desk, trade, way


Cramer's lightning round: 'Roku is a great way to play cord-cut'

Cree: “I have never, ever, ever been a fan of Cree. I’ve always felt that it was too episodic in this lighting business. I’m going to have to say no to you.”

Aecom: “Everyone — I mean I’ve liked this one, by the way, since it came public — and you know everyone keeps saying it’s going to be acquired. When I hear that everybody says it’s going to be acquired, it probably will be, but I don’t want to overstay my welcome.”

Transocean: “They are not a stock to own. They are old, yesterday kind of stocks. I’m talking about the oil and oil services stocks. As I have said, to many, history. They are history.”

EPR Properties: “You know, it’s not going to set the world on fire, but it’s going to give you that monthly dividend check.”

Roku: “I think Roku is a great way to play cord-cut. I like Trade Desk. Trade Desk is going to report next week. I think they could have a very good quarter.”


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: tyler clifford
Keywords: news, cnbc, companies, play, great, think, going, know, round, stocks, oil, ive, lightning, cramers, cordcut, roku, desk, trade, way


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Fed’s Bostic says ‘we won’t have to do anything’ on rates, despite market expectations

Atlanta Federal Reserve President Raphael Bostic became the latest central banker to advocate a hold on interest rates, telling CNBC that he doesn’t see a need to change given current conditions. Despite the market pricing in up to two cuts this year, Bostic said that unless there’s a significant shift in economic performance, the Fed should stay put. “There are many different scenarios about what’s going to happen between now and say June or July. My baseline expectations are that the economy i


Atlanta Federal Reserve President Raphael Bostic became the latest central banker to advocate a hold on interest rates, telling CNBC that he doesn’t see a need to change given current conditions.
Despite the market pricing in up to two cuts this year, Bostic said that unless there’s a significant shift in economic performance, the Fed should stay put.
“There are many different scenarios about what’s going to happen between now and say June or July.
My baseline expectations are that the economy i
Fed’s Bostic says ‘we won’t have to do anything’ on rates, despite market expectations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: jeff cox
Keywords: news, cnbc, companies, despite, unless, bostic, today, rates, feds, stay, wont, week, weakness, market, expectations, going, know, whats


Fed's Bostic says 'we won't have to do anything' on rates, despite market expectations

Atlanta Federal Reserve President Raphael Bostic became the latest central banker to advocate a hold on interest rates, telling CNBC that he doesn’t see a need to change given current conditions.

Despite the market pricing in up to two cuts this year, Bostic said that unless there’s a significant shift in economic performance, the Fed should stay put.

“There are many different scenarios about what’s going to happen between now and say June or July. My baseline expectations are that the economy is not going to see rising risks and it’s going to stay stable, so we won’t have to do anything,” he told CNBC’s Steve Liesman during a “Squawk Box” interview.

“But my focus is on today and what we know today and what we know next week as the data comes in. If we see more weakness than expected, then I’d be open to moving. But that’s not my expectation,” he added.


Company: cnbc, Activity: cnbc, Date: 2020-02-21  Authors: jeff cox
Keywords: news, cnbc, companies, despite, unless, bostic, today, rates, feds, stay, wont, week, weakness, market, expectations, going, know, whats


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Trump friend Roger Stone is set to be sentenced. Here’s what you need to know

Stone was found guilty of five counts of false statements, and one count each of obstruction of proceedings and witness tampering. Prosecutors said Stone kept Trump’s camp aware of what he had learned about WikiLeaks’ plans for releasing the emails. But Stone told a House committee the following year that he had no such conversations with the Trump campaign about WikiLeaks. Trump later told Mueller in written answers to questions, “I do not recall discussing WikiLeaks with” Stone, “nor do I reca


Stone was found guilty of five counts of false statements, and one count each of obstruction of proceedings and witness tampering.
Prosecutors said Stone kept Trump’s camp aware of what he had learned about WikiLeaks’ plans for releasing the emails.
But Stone told a House committee the following year that he had no such conversations with the Trump campaign about WikiLeaks.
Trump later told Mueller in written answers to questions, “I do not recall discussing WikiLeaks with” Stone, “nor do I reca
Trump friend Roger Stone is set to be sentenced. Here’s what you need to know Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, trump, emails, sentenced, 2016, need, heres, wikileaks, set, trumps, know, justice, roger, friend, stone, prison, campaign, election


Trump friend Roger Stone is set to be sentenced. Here's what you need to know

Roger Stone, former campaign adviser to U.S. President Donald Trump, arrives for his criminal trial on charges of lying to Congress, obstructing justice and witness tampering at U.S. District Court in Washington, November 6, 2019. Tom Brenner | Reuters

Outside federal courthouse before sentencing of Roger Stone, Feb. 20, 2020, Kevin Breuninger | CNBC

Stone, 67, was convicted in November of charges linked to his false statements to a House committee about his contacts with the document disclosure group WikiLeaks during the 2016 presidential election, and his unsuccessful, crude efforts to force an associate, comedian Randy Credico, to endorse those lies. Stone was found guilty of five counts of false statements, and one count each of obstruction of proceedings and witness tampering. The case was one of several lodged against people in Trump’s orbit by then-special counsel Robert Mueller as part of his investigation into Russian interference in the 2016 election. Trump railed against Mueller’s probe since it began in 2017, and continued doing so after it ended last summer. Stone’s case remained a thorn in Trump’s side because it included evidence that suggested that Trump himself had been kept apprised by Stone of Stone’s contacts with WikiLeaks in 2016. WikiLeaks that year released a set of emails that had been stolen from John Podesta, the campaign chief for 2016 Democratic presidential nominee Hillary Clinton, as well as from the Democratic National Committee. The emails, which contained information that was embarrassing to Clinton’s campaign and to the DNC, were hacked by Russian agents, the Justice Department and U.S. intelligence agencies have said. Before Election Day, Stone tried to get the emails. Prosecutors said Stone kept Trump’s camp aware of what he had learned about WikiLeaks’ plans for releasing the emails. But Stone told a House committee the following year that he had no such conversations with the Trump campaign about WikiLeaks. Trump later told Mueller in written answers to questions, “I do not recall discussing WikiLeaks with” Stone, “nor do I recall Mr. Stone having discussed WikiLeaks with my campaign.” Stone, who did not testify at his trial, denied the charges. His lawyers have asked that the judge to sentence him only to probation, with no time in jail or prison. Credico, in a letter to Jackson last month, also asked that Stone not be sentenced to prison, despite Stone having called him “a rat” and “a stoolie” and warning him, “prepare to die.” “It is not justice” to send Stone to prison, Credico wrote the judge. “It is cruelty.”


Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: dan mangan kevin breuninger, dan mangan, kevin breuninger
Keywords: news, cnbc, companies, trump, emails, sentenced, 2016, need, heres, wikileaks, set, trumps, know, justice, roger, friend, stone, prison, campaign, election


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

The biggest things you probably don’t know about Roth IRAs

“Roth IRAs, Roth conversions, are sometimes seen as really benefiting just wealthy taxpayers,” said Christine Russell, senior manager of retirement and annuities at TD Ameritrade. Here are the biggest things that investors typically do not know about Roth IRAs. But these savings are separate, which means you can make Roth 401(k) contributions and save in a Roth IRA at the same time. Roth IRA conversions can mitigate tax billsJust the term “Roth IRA conversion” alone tends to confuse people, Russ


“Roth IRAs, Roth conversions, are sometimes seen as really benefiting just wealthy taxpayers,” said Christine Russell, senior manager of retirement and annuities at TD Ameritrade.
Here are the biggest things that investors typically do not know about Roth IRAs.
But these savings are separate, which means you can make Roth 401(k) contributions and save in a Roth IRA at the same time.
Roth IRA conversions can mitigate tax billsJust the term “Roth IRA conversion” alone tends to confuse people, Russ
The biggest things you probably don’t know about Roth IRAs Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: lorie konish
Keywords: news, cnbc, companies, iras, money, individuals, conversions, things, know, probably, russell, roth, retirement, dont, 401k, tax, biggest, ira


The biggest things you probably don't know about Roth IRAs

Thanagon Karaket / EyeEm | EyeEm | Getty Images

You may be overlooking one retirement investment choice. That’s the ability to put away post-tax money through a Roth individual retirement account. Recent research from TD Ameritrade finds that many individuals are confused when it comes to Roth IRAs. And that means many people are leaving cash on the table when it comes to maximizing this savings strategy. “Roth IRAs, Roth conversions, are sometimes seen as really benefiting just wealthy taxpayers,” said Christine Russell, senior manager of retirement and annuities at TD Ameritrade. “In fact, the Roth has benefits for many different taxpayers and many different tax brackets.” Here are the biggest things that investors typically do not know about Roth IRAs.

Roth IRA and 401(k) contributions are not the same

Many 401(k) plans now offer savers the ability to contribute post-tax money. But these savings are separate, which means you can make Roth 401(k) contributions and save in a Roth IRA at the same time. The accounts are also subject to different rules. Roth savings options in 401(k) plans are subject to maximum limits for those accounts. In 2020, that will be $19,500, or $26,000 for individuals age 50 and over. Roth IRAs are subject to earnings limits. For many individuals, that is less than $124,000 in modified adjusted gross income, or $196,000 if you are married and filing jointly.

A Roth IRA is OK before hitting 401(k) max

Many workers get their retirement savings education from their employer. Often, those employer-provided plans are 401(k) plans. And you generally want to contribute enough to that account to get the employer match. But what many investors — 6 in 10 — erroneously believe is that you can only contribute to a Roth once you hit your 401(k) maximum, according to TD Ameritrade’s research. “You can certainly be contributing to both a Roth IRA and a 401(k) at the same time,” Russell said. “You don’t have to reach that 401(k) maximum in order to contribute to a Roth IRA.”

Contributions can be made after 70½

Just 22% of individuals surveyed by TD Ameritrade said they know it’s still possible to contribute to a Roth IRA after they reach age 70½. Russell attributes that misconception to the fact that traditional pretax IRAs have prohibited individuals from making contributions after that age. But that changed this year. A new law, the Secure Act, will now let individuals put away retirement savings in all types of IRA accounts beyond age 70½, provided you have earned income. More from Personal Finance:

How to get your tax refund sooner

Four ways to invest your tax refund wisely

How your state measures up as a retirement spot There are advantages to saving in a Roth IRA, however, that investors should know about. With Roth IRAs, the money you contributed can be taken out tax-free, because the money you invested was post-tax in the first place. When it comes to the earnings on the money you invested in a Roth IRA, there’s a five-year rule before you can take that out penalty-free (as long as you’re older than 59½). The good news is that the five-year rule on earnings is dependent on when you first open the account, Russell said. That’s why it’s a good idea to open a Roth IRA as soon as possible, even if it’s just with a small amount of money, to get that five-year clock ticking, Russell said.

Roth IRA conversions can mitigate tax bills

Just the term “Roth IRA conversion” alone tends to confuse people, Russell said. But the strategy can be very valuable in helping savers manage their taxable income in retirement. A Roth IRA conversion is when you move money from a pretax traditional IRA to a post-tax Roth. This technique enables the after-tax money to grow and eventually become tax-free so that account holders don’t have to pay taxes on it later on, Russell said.

You can do multiple Roth IRA conversions in one year. It’s a good idea to keep in mind what tax bracket you were in last year so that you don’t push yourself into a higher tax bracket with this transaction, Russell said. It’s also wise to break up your conversions into pieces. If you want to convert $20,000 this year, for example, you could do it in two days to try to sell on market lows. You may also want to break your conversions up over a few tax years, Russell said. One caveat: Since the Tax Cuts and Jobs Act was passed in 2017, you can no longer reverse those conversions. “Being a little bit more strategic when doing your conversion is important, because you can’t undo it,” Russell said.

Roth IRAs can help control Medicare costs


Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: lorie konish
Keywords: news, cnbc, companies, iras, money, individuals, conversions, things, know, probably, russell, roth, retirement, dont, 401k, tax, biggest, ira


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How Mark Cuban makes better, faster decisions

So how does fellow billionaire Mark Cuban make better, faster decisions? Change is constant,” Cuban said during a Q&A via media site The Boardroom’s Twitter account on Tuesday. Since then, Cuban, 61, says he has adjusted his style, learning to micro-manage less, to make the best use of his time and to hire better. “That’s worked for me 90pct of the time.” I’m still learning,” Cuban tweeted during the Q&A.


So how does fellow billionaire Mark Cuban make better, faster decisions?
Change is constant,” Cuban said during a Q&A via media site The Boardroom’s Twitter account on Tuesday.
Since then, Cuban, 61, says he has adjusted his style, learning to micro-manage less, to make the best use of his time and to hire better.
“That’s worked for me 90pct of the time.”
I’m still learning,” Cuban tweeted during the Q&A.
How Mark Cuban makes better, faster decisions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: taylor locke
Keywords: news, cnbc, companies, decisions, twitter, selling, micromanage, hire, faster, mark, better, thats, know, worked, makes, tried, learning, cuban


How Mark Cuban makes better, faster decisions

Warren Buffett uses the “newspaper test” to make decisions. And Jeff Bezos says “most decisions” need to be made with “70 percent of the information you wish you had,” otherwise “you’re probably being slow.”

So how does fellow billionaire Mark Cuban make better, faster decisions?

“I continue to always be learning. That’s first and foremost. Change is constant,” Cuban said during a Q&A via media site The Boardroom’s Twitter account on Tuesday.

“Beyond that, I think I learned to be nicer and to micro manage much much less.”

In 2014, Cuban told Inc. as a boss he’s “a d—.” “I micromanage you until I trust you,” he said.

“It’s a back and forth continually,” he said in 2014. “If I send you 30 emails I expect quick responses and direct action. Then we’ll go to weekly reports. And I want the bad news first. I want to read, ‘God dammit, we lost this sale.’ I want to know the setbacks so that I can help you.”

Since then, Cuban, 61, says he has adjusted his style, learning to micro-manage less, to make the best use of his time and to hire better.

“The most important thing I have tried to do is partner with and hire people whose skill sets complement mine. I want people who know what I don’t and that I can learn from,” he said via The Boardroom’s Twitter account. “That’s worked for me 90pct of the time.”

However Cuban says he is “still learning” despite his huge success in business — first selling his start-up, MicroSolutions, in 1990 for $6 million and then, nine years later, selling Broadcast.com for $5.7 billion in Yahoo stock. He also owns the NBA’s Dallas Mavericks and invests in start-ups both on and off of ABC’s “Shark Tank.”

“I tried to figure it out as I went. Some things worked and others didn’t. I’m still learning,” Cuban tweeted during the Q&A.

Like this story? Subscribe to CNBC Make It on YouTube!

See also:


Company: cnbc, Activity: cnbc, Date: 2020-02-20  Authors: taylor locke
Keywords: news, cnbc, companies, decisions, twitter, selling, micromanage, hire, faster, mark, better, thats, know, worked, makes, tried, learning, cuban


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post