It’s never too late to start saving, but it can be too late to use an IRA as your primary retirement-savings vehicle. IRAs have rules that prevent people above a certain age from fully taking advantage of these tax-favored retirement accounts. In addition, key life events can take away your eligibility to contribute to an IRA. Below, you’ll learn about the situations in which it’s just too late to start an IRA.
For traditional IRAs, age 70-1/2 is too late
IRAs were created to help people save for retirement, not to save during retirement. In considering when most Americans typically retire, lawmakers set an age limit of 70-1/2 on contributions to traditional IRAs. You cannot start a traditional IRA, or contribute to an existing traditional IRA, if you’ll be age 70-1/2 by the end of the tax year for which you’re making the contribution. That’s consistent with other IRA provisions that require most of those turning 70-1/2 to start taking required minimum distributions from their traditional IRAs and other retirement accounts.
Top 5 Heal Care Stocks To Buy For 2018: Westell Technologies, Inc.(WSTL)
Advisors’ Opinion:
- [By Jim Robertson]
Today, our Under the Radar Moversnewsletter suggested small cap high-performance wireless infrastructure solutions stock Westell Technologies (NASDAQ: WSTL) as a buy for our short-term portfolio:
Top 5 Heal Care Stocks To Buy For 2018: Apache Corporation(APA)
Advisors’ Opinion:
- [By WWW.THESTREET.COM]
Cramer and the AAP team say Apache’s (APA) mixed results are a buying opportunity. Find out what they’re telling their investment club members with a free trial subscription to Action Alerts PLUS.
- [By WWW.THESTREET.COM]
Cramer and the AAP team are detailing their outlook for portfolio energy names Apache (APA) and Cimarex (XEC) . Find out what they’re telling their investment club members with a free trial subscription to Action Alerts PLUS.
- [By WWW.THESTREET.COM]
Cramer and the Action Alerts PLUS team say they still believe in their embattled Permian names, Cimarex (XEC) and Apache (APA) , both of which have benefited from a slow rotation in recent weeks. These names can produce and profit here. Schlumberger (SLB) remains best in class and Magellan Midstream Partners just might be the best way to play oil given that the pipelines will be needed to transport the new wave of oil able to be drawn out of the ground from increasingly efficient American producers. Get in on the discussion by getting a free trial subscription to Action Alerts PLUS.
- [By Lee Jackson]
These companies also reported insider buying last week: Apache Corp. (NYSE: APA), Halliburton Co. (NYSE: HAL), Revlon Inc. (NYSE: REV), Valeant Pharmaceuticals International Inc. (NYSE: VRX) and U.S. Steel Corp. (NYSE: X).
- [By Chris Lange]
The S&P 500 stock posting the largest daily percentage loss ahead of the close Tuesday was Apache Corp. (NYSE: APA) which traded down over 7% at $42.51. The stocks 52-week range is $38.14 to $69.00. Volume was over 14 million versus the daily average of 3.4 million shares.
Top 5 Heal Care Stocks To Buy For 2018: Omnicom Group Inc.(OMC)
Advisors’ Opinion:
- [By WWW.MONEYSHOW.COM]
We reprise five of last year’s components: Boeing (BA), CVS Health (CVS), International Business Machines (IBM), Omnicom Group (OMC) and Texas Instruments (TXN), which means they obviously are buys.
Top 5 Heal Care Stocks To Buy For 2018: Arc Wireless Solutions Inc.(ARCW)
Advisors’ Opinion:
- [By Jim Robertson]
On Thursday, our Under the Radar Moversnewsletter suggested small cap manufacturing and 3D printing service provider ARC Group WorldWide (NASDAQ: ARCW) as a short trade:
Top 5 Heal Care Stocks To Buy For 2018: Siebert Financial Corp.(SIEB)
Advisors’ Opinion:
- [By Jim Robertson]
On Tuesday, our Under the Radar Moversnewsletter suggested shorting small cap discount brokerageSiebert Financial Corp (NASDAQ: SIEB):
Siebert Financial has been on our watchlist for a while, overbought and toying with the idea of a pullback. We’re finally starting to see evidence that the weight of the gain is taking a toll. We’ve seen a string of lower highs following the last bullish gasp from the 9th. We’re going to assume that was the pivot point. (It has been so far, anyway.)
- [By Cameron Saucier]
Siebert (Nasdaq: SIEB) is a holding company that has a retail discount brokerage business through its subsidiary, Muriel Siebert & Co. SIEB rose 60% last month after it announced a purchasing agreement with Kennedy Cabot Acquisition. Under the agreement, Kennedy Cabot will purchase shares of SIEB. SIEB is currently trading at $3.37 per share and is up 157% YOY.
