• Tue, March 25, 2025

by: News4Jax

10 IRA mistakes to avoid

The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two big drawbacks: required minimum distributions (RMDs) and ordinary income tax on withdrawals. Assuming a backdoor Roth IRA will be tax-free

by: cnbctv18

Lok Sabha passes Finance Bill 2025 with 35 amendments

Finance Minister Nirmala Sitharaman outlined changes aimed at tariff rationalisation and boosting domestic manufacturing while discussing the bill.

by: GOBankingRates

What Is a Spot Loan and How Does It Work?

What is a spot loan? It's a short-term installment loan with fast approval -- but be prepared for high interest rates and quick repayment terms.

by: Zawya

QDB unveils partial guarantee investment program to promote investment and empower Qatar's private sector

The program aims to reduce financial risks, encouraging both individual investors and investment groups to invest in tech startups

by: Investopedia

Honeywell Names Sewell as CEO of Advanced Materials Business

Honeywell International, which announced plans last month to split into three independent companies, said Tuesday it has named David Sewell as the CEO of its advanced materials business.

by: Time

How TIME and Statista Determined the Top GreenTech Companies of 2025

The research projects "America's Top GreenTech Companies 2025" and "World's Top GreenTech Companies 2025" are comprehensive analyses conducted to identify the top-performing GreenTech companies in the United States and globally.

by: Audacy

West Herr WBEN Buffalo Business Report - Tuesday, March 25th, 2025

New York Beer Project must pay $225,000 after settling a discrimination lawsuit, NYSEG to hold a smart meter open house in Lockport, and the Sabres host a sports and entertainment career fair.

by: GlobalData

Morrisons' store and operations cost-cutting move risks 365 jobs

UK supermarket chain Morrisons has unveiled a comprehensive plan to revitalise its business operations as it embarks on the second phase of its strategic renewal programme. The retailer plans to close multiple facilities,

by: Newspoint

India to Remove 6% 'Google Tax' from April 1 - A Game Changer for Digital Giants like Meta and X

India Scraps 6% Digital Advertising Tax In a significant policy shift, the Indian government has decided to eliminate the 6% digital advertising tax, commonly known as the 'Google Tax.' This decision is part of the Finance Bill 2025 and is set to take effect from April 1.

by: CNBC

Treasury scraps reporting rule for U.S. small business owners

The Treasury Department issued a rule that significantly waters down the number of businesses that must report information about their owners.

by: Forbes

Who Is Frank Bisignano? Democrats Grill Trump's Social Security Pick At Confirmation Amid DOGE Cuts To Service.

Service at the Social Security Administration is reportedly in decline as Elon Musk's DOGE has sought to investigate the agency.

by: TechRadar

"It's our job to deliver constant innovation" - NetSuite head on why it wants to be the operating system for your whole business

The head of OracleNetSuite has laid out his vision of getting business technology to work by ensuring your organization is connected as much as possible.Speaking at the company's SuiteConnect London 2025 event,

by: Entrepreneur

Denmark's IFU Backs Ecofy with $12.5M to Drive EV and Solar Adoption

The funding is part of the Green Strategic Partnership between India and Denmark, established in 2020 when the prime ministers of both nations signed a collaborative agreement to promote sustainability.

by: AOL

Judge upends Boeing-DOJ legal saga and orders 737 Max trial for June

A federal judge overseeing plea deal negotiations between the Justice Department and Boeing has scrapped an order giving the parties more time to reach an agreement and instead ordered the giant jet maker to face a jury trial.

by: KTVO

Deadline approaches for Ottumwa business owners to apply for Open 4 Business program

Main Street Ottumwa is offering a new opportunity for entrepreneurs as part of the "Open 4 Business" program, which supports existing businesses in over 50 Main Street Iowa communities. The program is seeking businesses to pitch ideas for a chance to receive $25,

by: ProPakistani

IMF and Pakistan Reach Staff Agreement for $1 Billion Loan, $1.3 Billion Climate Facility

The International Monetary Fund (IMF) and Pakistani authorities have reached a staff-level agreement on the first review of Pakistan's Extended Fund

by: Kiplinger

IRA Rules at a Glance: Contribution Limits, Income Limits and Rollover Options

Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance.

by: TheStreet

Essential retailer closing 500 locations (here's where and when)

Dick's Sporting Goods, a retailer that could have easily been replaced by the internet, has also thrived by adding experiences to its stores, making them destinations. 💰💸 Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter 💰💸 What the internet has done is expose weakness.

by: Reuters

Building Wealth: Marc Henn's New Book Asks, 'Are You Playing Small or Taking the Power Plays?'

Henn, founder and CEO of Harvest Financial Advisors, shares insights into embracing bold strategies for financial success

by: MiBolsilloColombia

The Costly Mistake of Not Separating Personal and Business Finances

Mixing personal and business finances can lead to significant fiscal and financial issues. By keeping these accounts separate, you can avoid confusion and ensure a more organized financial management.

by: Insider

Seniors are flooding AARP with concerns about their Social Security retirement benefits

As Trump's budget cuts hit the Social Security Administration, older Americans are reaching out to AARP to ask about their retirement benefits.

by: Fortune

Exclusive: BlackRock expands blockchain-based money market to Solana, in tie-up with startup Securitize

Solana, the fast-growing Ethereum challenger. The move comes a year after the finance giant launched the BlackRock USD Institutional Digital Fund. BUIDL takes traditional money market funds—which serve as short-term places to park cash and earn yield—and combines it with the ledger and payment properties of blockchain.

by: Insider

$6 meals and food bank hauls: ALICEs on TikTok share their best tips for affording groceries

Parents told BI how they afford food for their families — through a combination of food bank hauls, cheap grocery trips, and government assistance.

by: Fortune

Tesla analyst says CEO Elon Musk is 'back in charge' after surprise all-hands meeting, and investors are rewarding the company's stock

Musk stepped up last week with the all-hands meeting, and that sent a much needed positive signal to employees and investors," Ives told Fortune. "The stock was way oversol

by: Reuters

More European oil refineries to close, convert in next 10 years, panel says

European oil refineries will have to adapt to the energy transition or face a heightened risk of closure by 2035, a panel of executives said at the Financial Times Commodities Global Summit in Lausanne on Monday.

by: AOL

74 Haunted, Cursed, And Deeply Bizarre Things Found Secondhand (New Pics)

Nowadays, you can find anything you want online. Need a robot vacuum? It'll arrive in three to five business days. Your cell phone needs a new case? There are thousands of options you can choose from right at your fingertips.

by: Forbes

Fair Conduct: The Foundation Of Customer Trust And Business Resilience

Are we solving problems fast and treating customers with respect? Technology: Are systems and automation delivering fair outcomes without bias? Vulnerable Custom

by: Entrepreneur

This Business Mistake is Quietly Costing You. Here's How to Catch and Fix It

From slow connections to outdated contracts, bad infrastructure is a silent revenue killer. Here's how to identify and fix these costly problems before they impact your bottom line.

by: GOBankingRates

The Ultimate Guide To Purchasing and Financing Investment Properties

Here's what you should know about how to finance real estate investments, from buying property and how to weigh the risks and rewards.

by: AOL

How to Get a Business Loan With Bad Credit

Entrepreneurs with poor business credit can still get loans, but their options differ, as lenders weigh both default risk and overall financial health.

by: Reuters

To feed a warming world, we must also serve up gender equality

This year will be pivotal for the sustainability of food and agriculture as countries submit their new climate strategies ahead of global talks at the United Nation's COP30 meeting in Belem, Brazil, in November.

by: Fortune

AI improves both individual and team performance, new study finds. Will companies draw the right lessons from it?

The groups were then tasked with coming up with new ideas for consumer products in the various P&G divisions in which they worked (baby care, feminine care, grooming, and oral care). These ideas were then assessed by human judges with both relevant business and technology expertise.

by: Insider

Here's a look at 9 ultra-rich members of Congress

Millionaires aren't difficult to find on Capitol Hill. And with each passing election cycle, money seemingly plays an increasingly bigger role.

by: Insider

BMO Savings Rates: Pros, Cons and Alternatives

BMO Savings Account review, we analyze BMO savings rates and BMO Alto savings rates. We also look at fees and customer service options.

by: Reuters

India ends import duty for items needed to make EV batteries, phones

India on Tuesday said there would be no import duties on several goods used to manufacture electric vehicle batteries and mobile phones amid broader tariff cuts to help local producers withstand the potential impact of reciprocal U.

by: Reuters

Trump's World Liberty Financial crypto venture says it will launch stablecoin

Donald Trump's World Liberty Financial crypto venture will launch a dollar-pegged stablecoin called USD1, backed by U.S. Treasuries, dollars and other cash equivalents, it said in a statement on Tuesday.

by: Insider

Social Security Administration commissioner nominee says he's 'never thought' about privatizing the agency

Democrats during a Senate hearing questioned Frank Bisignano about what they said are haphazard cost-cutting efforts by the White House DOGE office.
  • Wed, March 26, 2025

by: Moneycontrol

Morgan Stanley adds Bajaj Finance, Hindustan Aeronautics to key focus lists

Bajaj Finance is Morgan Stanley's preferred choice among large-cap NBFCs, while HAL's growth will be led by engine upgrades, orders and exports.

by: Startups

53 free business events in April you need to know about

As we hop into Easter season, here are the best free UK business networking events happening near you this April.

by: Newsroom

New Watercare boss to borrow $10b for ageing pipes and plants

The country's biggest utility is to go it alone, separate from Auckland Council - a decision that will require generations of water users to service an eyewatering debt. Incoming CEO Jamie Sinclair talks to Jonathan Milne.

by: Stocktwits

Honeywell Announces New CEO And CFO For Advanced Materials Business: Retail Outlook Improves

Honeywell (HON) shares were in the spotlight on Tuesday after the company announced key leadership roles for its Advanced Materials business, set to be named Solstice Advanced Materials ahead of the planned spin-off.

by: cnbctv18

RBI Governor calls for stronger anti-money laundering and terrorism financing measures

Private Sector Collaborative Forum, RBI governor highlighted that India's AML and CFT initiatives have been globally recognised for their effectiveness.

by: YourStory

Innovators of Change: The Top 10 Leaders Who Are Shaping Tomorrow

The world is constantly evolving, and at the heart of this transformation are visionaries who dare to think differently, challenge the status quo, and redefine what is possible. From technology to healthcare,

by: Kiplinger

Tax Advantages of Oil and Gas Investments: What You Need to Know

Tax incentives in oil and gas investments allow for deductions and potential tax-free earnings — benefits accessible only to accredited investors in small producer projects.

by: Forbes

Herstory Is Redefining Women's Liberation Through Economic Freedom

Black women are the fastest growing demographic of entrepreneurs in the U.S., still average $24,000 in revenue compared to the $142,900 earned by women-owned businesses.

by: Reuters

Trump turbulence stalls large pharma and biotech deals, bankers say

Large deals involving pharmaceutical and biotech companies are stalling as executives grapple with mercurial White House economic policies that have roiled markets and set off a global trade war, according to four top healthcare investment bankers.

by: Reuters

Siemens Energy sells most of Indian wind business to TPG-led investor group

Siemens Energy will sell 90% of its wind business in India and Sri Lanka to an investor group led by the climate investment arm of buyout group TPG, it said on Wednesday, in a push to focus on what it sees as core markets.

by: Reuters

India discontinues parts of gold deposit scheme amid rising prices

India has discontinued parts of a scheme that encouraged households and institutions to deposit idle gold in exchange for interest payments.

10 IRA mistakes to avoid

The only option open to taxpayers at all income levels is a traditional nondeductible IRA, but this subjects investors to two big drawbacks: required minimum distributions (RMDs) and ordinary income tax on withdrawals. Assuming a backdoor Roth IRA will be tax-free
The article from News4Jax outlines ten common mistakes to avoid when managing an Individual Retirement Account (IRA). These include not contributing enough to maximize tax benefits, missing the annual contribution deadline, withdrawing funds prematurely which incurs penalties, not understanding the rules for Required Minimum Distributions (RMDs) leading to tax penalties, over-contributing beyond the IRS limits, neglecting to name or update beneficiaries, investing too conservatively or too aggressively, not consolidating old 401(k)s into an IRA, failing to consider Roth IRA conversions for tax advantages, and not seeking professional financial advice. Each mistake can significantly impact one's retirement savings and financial planning, emphasizing the importance of being well-informed about IRA regulations and strategies.

Read the Full News4JAX Article at:
https://www.news4jax.com/business/2025/03/25/10-ira-mistakes-to-avoid/

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