In the year of COVID-19, who has really benefited from the stock market boom?
While some Americans have seen the value of their stock holdings soar, millions of low-income or unemployed people have missed the market boom.
Jessica Menton and George Petras, USA TODAY
Published
9:37 pm UTC Mar. 19, 2021
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The stock market saw a record number of IPOs last year. And 2021 is looking just as strong. Here s what needs to happen for a company to go public.
Just the FAQs, USA TODAY
If you want to know what a stock market boom feels like for working Americans, start with Paige Benjamin.
Does a Roth IRA Conversion Make Sense at Age 80?
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Dear Carrie: At age 80, I ve never put any money into my IRA since retirement. Can I roll my traditional IRA into a Roth IRA without penalty? A Reader
Dear Reader: The simple answer to your question is yes; you can convert your traditional IRA to a Roth IRA without penalty. And since you re over 59 1/2, you d be able to withdraw the assets you convert at any time, also with no penalty. Before age 59 1/2, a Roth must be open for five years before you can make withdrawals penalty-free. But in your case, only the earnings in the Roth would be subject to the five-year holding period.
According to the release, this scholarship will provide students in underrepresented populations who aspire to follow a career in finance a $10,000 per academic year. Texas Tech will receive $500,000 from the Charles Schwab Foundation to distribute this scholarship.
Vickie Hampton, chair of the School of Personal Financial Planning, said this scholarship will allow students to complete a degree in financial planning with less stress on financing, while provide them with amazing internship and career opportunities, according to the release.
Hampton said it is a big step in building a more diverse population of financial planning professionals across the nation, according to the release.
Blacks Are Still Far Behind in Building Wealth, According to Black Investor Survey blackenterprise.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from blackenterprise.com Daily Mail and Mail on Sunday newspapers.
ASU, UArizona to receive scholarship funds aimed at promoting diversity in financial planning
Mike Sunnucks/Business Journal
Posted at 9:14 AM, Mar 01, 2021
and last updated 2021-03-01 11:15:02-05
Arizona State University and the University of Arizona were named as two of the seven universities selected by Charles Schwab to receive portions of its $3.5 million endowment for scholarships aimed at promoting diversity in the financial services industry.
Underrepresented students at partnering universities can apply for approximately $10,000 per year in scholarship funds over two-year periods. These recipient students will also have access to mentoring, professional development and internship opportunities.
Carrie Schwab-Pomerantz, president of Charles Schwab Foundation and senior vice president of Charles Schwab & Co., said in a written statement that these funds will help students overcome barriers.