Brands retreated and closed in the red Tuesday. Energy stocks Exxon Mobil and Southwestern Energy and tech brands Apple and Microsoft slipped amid a variety of economic news. Consumer confidence was up in December. The Conference Board’s index increased to 92.6 from 88.7 in November.
The Internal Revenue Code says that if you receive a distribution from an IRA, you can’t make a tax-free (60-day) rollover into another IRA if you’ve already completed a tax-free rollover within the previous one-year (12-month) period. The long-standing position of the IRS was that this rule applied separately to each IRA someone owns. Earlier…
Check your Social Security statement for accuracy. Your future benefits are based on earnings reported. Learn more in this Financial Tip.
Stocks stepped up on Friday. Energy brands such as Transocean and Nabors Industries stood out among advancers. Brands climbed in the wake of Federal Reserve comments. Fed Chair Janet Yellen said the central bank will most likely keep rates near zero at least through the first quarter.
Individuals may be able to deduct certain employment expenses as miscellaneous itemized deductions. Learn more in this Business Tip.