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To improve diversity, sponsors must have skin in the game

Jacqueline “Jaq” Campbell’s first mentor in the financial industry showed her the ropes ntroduced her to high-net-worth individuals

Jacqueline jaq campbellJamie hopkinsCarly schulakaJaq campbellPooja jainFinancial planning associationCharles schwabAlexander legacy private wealth managementTalent innovationMitlin financialFinancial planning

Banks to Offer Credit Cards to People Without Credit Scores

Banks will soon issue credit cards to those without traditional credit scores, potentially helping millions of Americans borrow.

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Tax season turns into dumpster fire for advisors, clients after stimulus bill passes

Tax season turns into dumpster fire for advisors, clients after stimulus bill passes
financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesSun city westPaul axbergNannette williamsToby mathisMark wilsonLas vegasBig fourRevenue serviceAxberg wealth managementAnderson advisorsPresident bidenInternal revenue serviceAmerican rescue planLawrence sprung

What Is an IRA?

What Is an IRA? © Rangely García / Money Money-101-Whats-an-IRA An IRA, or individual retirement account, is an investment tool that allows you to grow cash on a tax-deferred basis until the money is withdrawn. The Internal Revenue Service created IRAs as another way to contribute to your retirement other than a 401(k). What You Should Know: There are certain exceptions that allow the early withdrawal of your IRA contributions penalty-free. Generally, however, withdrawing earnings before the age of 59 ½ is subject to a 10% tax penalty. You can own more than one type of IRA. Under the CARES Act, you can withdraw up to $100,000 from your Roth or traditional IRA penalty-free in 2020 if you’re under 59 ½ and have been affected by COVID-19.

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