The Motley Fool

OCTOBER 29, 2024

I picked a 7% rate of return because that's about the historical average rate of return of the S&P 500 after accounting for inflation. Click here to see the best high-yield savings accounts for a rainy day. Open a brokerage account A brokerage account allows you to buy and sell stocks. We did the homework for you.

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The Motley Fool

OCTOBER 28, 2024

Storing savings in a traditional savings account That checking and saving account you've had since you were a teen? Traditional savings accounts don't offer much in terms of savings. (My My traditional savings account, for example, is currently offering 0.01% interest -- which is why I don't keep much in that account!)

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Mutual Funds Debt Finance Financing 246

The Motley Fool

NOVEMBER 9, 2024

This considers hard credit inquiries (which happen when you apply for a new credit account), as well as newly opened accounts that appear on your credit report. Among other time-related factors, this considers the average age of your credit accounts and the ages of each individual account you have.

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The Motley Fool

OCTOBER 27, 2024

Image source: Getty Images If you have a credit card you're no longer using, it might seem logical to close the account. But before you close it, it's important to know how closing a credit card account can impact you. Maybe the card doesn't have a competitive rewards program or valuable travel perks you can use.

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The Motley Fool

OCTOBER 25, 2024

1: Lower savings account rates Of course, there are downsides to the Fed's rate cuts. One example is that in the coming months, savings accounts are likely to start paying less interest. If you have your emergency fund in your savings account, don't move it out of there and over to a CD in anticipation of lower rates.

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The Motley Fool

NOVEMBER 11, 2024

That's why all retirees should create their personal my Social Security account by Nov. The account is free and allows retirees to request a replacement Social Security card, receive a 1099 tax form, check the status of an application, estimate their future benefits, and manage their current benefits.

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Taxes Accounting 246

The Motley Fool

NOVEMBER 8, 2024

High-interest savings accounts or government bonds Similar to the investing in dividend stock strategy above, here you would put money away in high-interest savings accounts or buy government bonds. High-interest savings accounts and government bonds fit that bill. Click here for our favorite high-yield savings accounts.

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The Motley Fool

NOVEMBER 3, 2024

One of the biggest benefits of saving in traditional retirement accounts like a 401(k) or IRA is the upfront tax break you receive. As the name implies, account holders subject to RMDs are required to withdraw a certain amount of money from their accounts. But you can't defer those income taxes forever.

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The Motley Fool

NOVEMBER 11, 2024

With that kind of income, most of us thought we'd be able to add to our savings accounts and stop worrying about every item we put in our basket at the grocery store. What is keeping so many people stuck in a financial rut and worried about every dollar in their checking account ?

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Debt Finance Financing Accounting 242

The Motley Fool

DECEMBER 3, 2024

It's now proven itself by reporting four straight quarters of generally accepted accounting principles (GAAP) net income, and it's expecting that to continue into the future. It offers all kinds of digital financial services like bank accounts, investing, and insurance.

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Initial Public Offering Banks Financial Services Accounting 238

The Motley Fool

NOVEMBER 24, 2024

While part of Supermicro's fall from grace came from having risen too far, too fast, the largest part of its tumble came from accounting fraud allegations. Its short report centered around accounting malpractice, something for which Supermicro was fined by the Securities and Exchange Commission in 2020 due to accounting issues in 2018.

Accounting 243

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The Motley Fool

NOVEMBER 12, 2024

If you lack adequate income to save for retirement in any account, gaining access to a 401(k) won't improve your situation. Health savings account (HSA) Health savings accounts (HSAs) are designed to hold medical savings, but they work for retirement savings as well. This might not change much for some part-time workers.

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Taxes Accounting Debt Companies 244

The Motley Fool

NOVEMBER 12, 2024

If you aren't investing yet, consider an account with a reputable brokerage. They don't account for age, which is an important factor in how much you earn. Make sure you're getting the most out of your savings, too, with a high-yield savings account. Individual retirement accounts (IRAs) are another good option.

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The Motley Fool

NOVEMBER 12, 2024

According to a Vanguard analysis of nearly 5 million retirement accounts, retirees in this age group have saved an average of $272,588. Take a look at all your income sources, including individual retirement accounts (IRAs) and brokerage accounts. For a clearer snapshot of what's typical, check out the median balance.

Accounting 246

Accounting Funds 246

The Motley Fool

DECEMBER 13, 2024

It's been a part of the Berkshire Hathaway portfolio for 30 years, and today it's the second-largest position behind Apple , accounting for 15.2% Visa (NYSE: V) is the largest credit card network in the world, but it accounts for only 0.9% of the total. Berkshire Hathaway owns 21.5% Buffett loves financial stocks.

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Banks Accounting Shareholders Portfolios 244

The Motley Fool

NOVEMBER 16, 2024

The 401(k) is a go-to account for workers to build their retirement savings, and the IRS has just announced updates that could shake things up in 2025. You can stash cash in both accounts if your employer offers them, as long as your total contributions don't exceed the annual limit. Image source: Getty Images.

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Taxes Accounting Companies 246

The Motley Fool

DECEMBER 6, 2024

Improving your finances can involve a lot of moves -- paying down debt, building your savings account balance, setting up a retirement account and contributing to it regularly -- and it's hard to know which goals to prioritize first. This increases your average credit account age and boosts your score.

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The Motley Fool

NOVEMBER 7, 2024

Note, this figure has been adjusted to account for Super Micro Computer's first-ever forward stock split (10-for-1) , which occurred after the close of trading on Sept. Trouble began in late August, when noted short seller Hindenburg Research released a report accusing Super Micro Computer of "accounting manipulation."

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Stakes Accounting Asset Management Prospects 246

The Motley Fool

DECEMBER 4, 2024

It offers checking and savings accounts , brokerage accounts, personal loans, mortgages, credit cards, and more. Here's a rundown of where the business stands now, some future growth catalysts to keep an eye on, and why the recent stock performance could be just the beginning. The progress has been impressive and continues to be.

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Banks Accounting Financial Services Capital 241

The Motley Fool

NOVEMBER 11, 2024

The hidden upside of a low COLA is found in your retirement account Social Security was never meant to replace your income in retirement. Your retirement account doesn't get a COLA -- it gets whatever returns the market offers. Image source: Getty Images. When the program first started, many companies offered employees pensions.

Accounting 246

Accounting Finance Financing Portfolios 246

The Motley Fool

NOVEMBER 9, 2024

Instead of spending the next few minutes researching which stocks or ETFs you want to buy, take a moment to activate automated investing in your online brokerage account. Recurring investments simply mean that your brokerage account is automatically investing a set amount of money per month for you, without you needing to lift a finger.

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Exchange-Traded Funds Accounting Funds Portfolios 246

The Motley Fool

NOVEMBER 20, 2024

That's why I'm taking control now by building retirement accounts and creating passive-income streams. If you haven't already, you can create an account at www.ssa.gov to view your personalized statement. Here's what's on my checklist: Max out individual retirement accounts like Roth and traditional IRAs.

Accounting 246

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The Motley Fool

NOVEMBER 1, 2024

In late August, Hindenburg Research released a short report, saying that in its own investigation it found "glaring accounting red flags" and other problems at the company. What's also troubling is this isn't the first time Supermicro has faced accounting issues. million fine for "improper accounting" back in 2020.

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Securities and Exchange Commission (SEC) Accounting Prospects Investors 245

The Motley Fool

NOVEMBER 12, 2024

These cards earn cash back that you can deposit to your bank account, and many have sign-up bonuses of $200 or more. Contribute to retirement accounts. If you're putting it in a savings account from a big bank with a 0.01% APY, you're leaving a lot of money on the table. When you're not earning much yet, money can be tight.

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Finance Financing Banks Accounting 246

The Motley Fool

NOVEMBER 6, 2024

The IRS just released the 2025 contribution and income limits for retirement accounts, including Roth IRAs. A quick primer on the Roth IRA The Roth IRA is one of the hottest retirement accounts around, and being able to contribute to it each year is a big deal for many. Its main appeal? The best part?

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The Motley Fool

NOVEMBER 16, 2024

If you want to access the cash in your checking account, you don't have to visit an ATM to take out cash or dig through your purse or pocket to find a pen so you can write a check. Depending on when you discover you have a problem and report it to your bank, you could end up losing all the money in your account.

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The Motley Fool

NOVEMBER 15, 2024

They close credit card accounts as soon as they're done with them Closing credit card accounts could hurt your credit score in a couple of ways. It could lower the average age of your accounts (in the case of closing a card you've had for a long time), and it could lower your credit utilization ratio.

Debt 246

Debt Accounting Finance Financing 246

The Motley Fool

OCTOBER 25, 2024

Its products help to streamline the accounts payable, accounts receivable, and expense management workflows to save business owners time and money. Thanks to integrations with most leading accounting software platforms, each transaction is instantly logged in the books. Image source: Getty Images.

Education 246

Education Accounting Companies Investors 246

The Motley Fool

NOVEMBER 24, 2024

Net income was $58 million in the quarter, up from a loss last year, and it was the fourth consecutive quarter with positive net income on a generally accepted accounting principles (GAAP) basis. Lending also accounts for most of the profits. Management is guiding for further strong growth and positive profits for the full year.

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Initial Public Offering Banks Financial Services Accounting 243

The Motley Fool

OCTOBER 29, 2024

They account for 10% of the S&P 500 by market value, so their financial reports could materially move the stock market the next day. They account for 11% of the S&P 500, so their reports could have an equally profound impact on the market. A check point for the artificial intelligence boom on Oct.

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The Motley Fool

DECEMBER 2, 2024

Supermicro gets some good news In a press release this morning, the company said that the independent special committee, in conjunction with outside counsel and a forensic accounting firm, found no evidence of misconduct by management or the board of directors. Image source: Getty Images. What's next for Supermicro?

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Legal Accounting Investors Companies 241

The Motley Fool

NOVEMBER 20, 2024

Although AI accounts for the lion's share of its current sales growth, a majority of its revenue can be traced to its foundational operating segments. In late August, noted short-seller Hindenburg Research issued a report that alleged "accounting manipulation" at Super Micro. Then you’ll want to hear this.

Stakes 246

Stakes Accounting Asset Management Assets 246

The Motley Fool

DECEMBER 3, 2024

Investors panic over accounting questions That massive move didn't mean the stock has fully recovered from the panic selling that preceded it, though. The big recovery in Supermicro shares started with a 12.1% gain over the month of November, according to data provided by S&P Global Market Intelligence. But it didn't stop there.

Accounting 246

Accounting Stock Market Stock Market Investors 246

The Motley Fool

NOVEMBER 12, 2024

First, open a brokerage account. If you're investing for the long term, the best way to do this is with an individual retirement account, or IRA, which offers excellent tax benefits. But you can also open a standard (taxable) brokerage account if you don't necessarily want your money tied up.

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Stock Market Accounting Stock Market Taxes 242

The Motley Fool

OCTOBER 31, 2024

We've pulled the numbers from Vanguard's 2024 "How America Saves Report," which analyzes nearly 5 million retirement accounts. You'll notice that average balances tend to be much higher, often skewed by a few savers with larger 401(k) accounts. It's also helpful to understand the difference between average and median balances.

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The Motley Fool

OCTOBER 28, 2024

If you don't currently invest in an individual retirement account, or IRA, it might seem like a bad time to start. Check out our updated list of the top IRA accounts to see which could be the best fit for you. After all, the central goal of investing is to buy low and sell high. Don't have an IRA yet?

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Mutual Funds Taxes Stock Market Stock Market 246

The Motley Fool

NOVEMBER 15, 2024

Often, these CDs will even transfer the interest into a separate account, like a checking or savings account. Depending on your CDs terms, the interest could be deposited monthly, quarterly, semiannually, or annually. Brokered CDs can be sold on secondary markets Brokered CDs are a little-known CD type.

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