There’s no such thing as a one-size-fits-all retirement plan. Because we all have specific, individual needs, what might work for one person might cause another to come up short financially when they’re older. It’s surprising, then, to learn that most Americans believe all IRAs are exactly the same. In a recent TIAA survey, 56% of respondents stated that an IRA is an IRA — i.e., there’s no difference from one type of account to another. Not only that, but only 33% of Americans have an IRA to begin with.
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While it’s true that all IRAs have certain universal features, there can be big differences from one IRA to the next. Knowing these differences can help you identify the right long-term savings solution for you.
Types of IRAs
Contrary to what so many Americans believe, IRAs come in a few different varieties. First there’s the traditional IRA, which lets you save up to $5,500 a year (or $6,500 if you’re aged 50 or older) and deduct the contributions from your taxable income. Your withdrawals, however, will be taxed during retirement, which can be a pretty significant drawback.
highest rated stocks: Sempra Energy(SRE)
Advisors’ Opinion:
- [By Lisa Levin]
In trading on Friday, utilities shares fell by 0.93 percent. Meanwhile, top losers in the sector included Sempra Energy (NYSE: SRE), down 3 percent, and CenterPoint Energy, Inc. (NYSE: CNP), down 3 percent.
- [By Shanthi Rexaline]
Giving six reasons for Sempra Energy (NYSE: SRE)’s above-peer-average growth, Argus said it is reiterating its Hold rating on the shares of the company, while it is also maintaining its long-term Buy rating.
- [By Lisa Levin]
Sempra Energy (NYSE: SRE) announced plans to acquire Oncor for $9.45 billion in cash.
Sempra Energy projects the deal to complete in the first half of 2018.
- [By WWW.THESTREET.COM]
The upgrade comes after Berkshire’s deal with Energy Future Holdings Corp to acquire its Oncor Electric Delivery interest was terminated Monday. Sempra Energy (SRE) agreed to buy Oncor for $9.45 billion, besting Berkshire’s $9 billion offer.
highest rated stocks: Cubic Corporation(CUB)
Advisors’ Opinion:
- [By WWW.GURUFOCUS.COM]
In actuality, we think the reverse is true for several reasons. We believe that there is a higher level of investor neglect in the small cap space, and neglect, in an investment sense, creates valuation discounts from fair value. Small cap names are less well-known and understood. For example, most of you have never heard of Cubic Corporation (NYSE:CUB), but you have likely used the public transportation systems in New York, London, Sydney, etc. that rely on Cubic for fare collection services. Likewise, Multi-Color is a confusing name for the second largest label maker in the world. To understand these businesses, investors need to dig a little deeper with active fundamental research – a Third Avenue strength.
- [By Jim Robertson]
On Friday, small cap Cubic Corporation (NYSE: CUB) had closed up 10.26% with shares rising again in early Monday trading. Cubic Corporation designs, integrates and operates systems, products and services focused in the transportation, defense training and secure communications markets. As the parent company of two major business units,the Companysmission is to increase situational awareness and understanding for customers worldwide. Cubic Transportation Systems is a leading integrator of payment and information technology and services to create intelligent travel solutions for public transit authorities and operators whileCubic Global Defense is a leading provider of realistic combat training systems, secure communications and networking and highly specialized support services for military and security forces of the U.S. and allied nations.
highest rated stocks: Tree.com Inc.(TREE)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Coming up on this episode of Mad Money: Cramer interviews United Technologies (UTX) CEO Greg Hayes; and Doug Lebda, CEO of LendingTree (TREE) . Plus, don’t miss the Lightning Round. Which stocks is Cramer bullish on?
- [By Lisa Levin]
Shares of Lendingtree Inc (NASDAQ: TREE) got a boost, shooting up 16 percent to $212.90. LendingTree reported Q2 adjusted earnings of $0.90 per share on sales of $152.8 million. The company also raised its FY17 outlook.
- [By Douglas A. McIntyre]
Many of the sponsors of Bill O’Reilly’s Fox show, “The O’Reilly Factor,” have cancelled ads in the wake of a sexual harassment scandal. However, two mainstream advertisers continue to support O’Reilly online via ads on his Bill O’Reilly website. Based on observations over the past 24 hours, these include LendingTree Inc. (NASDAQ: TREE) and the Hefty division of Reynolds Consumer Products.
highest rated stocks: EP Energy Corporation(EPE)
Advisors’ Opinion:
- [By Andrew Efimoff]
WTI crude oil plunged 3.11 percent on Friday to $48.99 a barrel. Below are the biggest energy losers for the day:
California Resources Corporation (NYSE: CRC): -19.22%
Dynamic Materials (NASDAQ: BOOM): -12.39%
Clayton Williams Energy (NYSE: CWEI): -11.45%
Dynergy (NYSE: DYN): -11.91%
EP Energy Corporation (NYSE: EPE): -11.20%
Mexco Energy (NYSE: MXC) -10.90%
Whiting Petroleum (NYSE: WLL) -10.79%
Southwestern Energy Company (NYSE: SWN) -10.79%
SM Energy Company (NYSE: SM) -10.38%
Real Goods Solar (NASDAQ: RGSE) -10.34%Posted-In: Commodities After-Hours Center Markets Movers
