You’re withdrawing money from a Roth IRA.You’re converting a traditional retirement account to a Roth IRA.You’ve inherited an IRA from someone who died. The 5-year rule works differently in each of these three scenarios. 5-Year Rule for Roth IRA Withdrawals The 5-year rule for Roth IRA withdrawals requires that you wait five years after opening your account to withdraw your investment earnings. Otherwise, taxes and a penalty will apply, though there are some exceptions that we’ll cover....

Viktorcvetkovic / Getty Images Learn what upfront pricing is, and how it affects both consumers and credit card issuers. Definition of Upfront Pricing Upfront pricing is the legally required pricing system used by United States credit card issuers that prevents them from increasing a cardholder’s annual percentage rate (APR) or fees without adequately disclosing the increases to the cardholder and meeting other requirements. Before upfront pricing was mandated by the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the CARD Act), credit card issuers could increase a customer’s interest rate at any time and for any reason....

You might choose a policy that covers $25,000 for expenses related to inclement weather. Your policy will send you a check to cover the cost if you have to buy a tent because an unexpected storm rolls in before your wedding. How Does Wedding Insurance Work? You must choose your coverage limits and deductibles when you set up your wedding insurance policy. These will determine how much your policy costs, what events it will cover, and how much you’ll have to pay out of pocket if something does indeed happen....

What New Traders Should Know To trade foreign currency, you buy or sell a currency pair. All currency pairs have a base currency and a quote currency. The pair usually looks something like this: USD/JPY = 100.00. Here, the USD, or U.S. dollar, is the base currency and the JPY, or Japanese yen, is the quote currency. This quote shows a rate of $1 being equal to 100 yen. Because every currency trade involves a pair, you will always simultaneously go long on one currency and short on the other when making a trade....

Sometimes, you don’t know the answer. In other cases, you may know, but your brain freezes at the moment. Other times, interviewers may deliberately try to stump you to reveal how you’ll respond to challenging questions and situations. How to Handle it When You Don’t Have an Answer You won’t be the first candidate, or the last, to have a stressful interviewing experience. Don’t worry. Not knowing the best way to respond to a question probably isn’t going to knock you out of contention for a job....

Financial Dependents Financial dependents may include a spouse, children, parents, or a sibling that you provide for financially. Figure out how much financial support you provide for them. What would they do if you were gone? You can buy a life insurance policy and name multiple beneficiaries, thereby providing a specific amount to several people without having to buy multiple life insurance policies. If there is no one financially dependent on you, you may still want life insurance because you desire to provide for someone....

Before you take out a mortgage, it’s important to understand the different options available and how they may work with your situation. We’ll explain the different types of mortgages and what factors to consider when choosing your best option. What To Consider While Shopping for a Mortgage When you start shopping for a mortgage, you might be surprised by how many options you have. In addition to the standard 30-year fixed-rate loan that most borrowers know about, you’ll also have several other types of mortgages to choose from....

Full Retirement Age For anyone born after 1937, the full retirement age is between 65 and 67 years old, depending on when you were born. If you were born between 1937 and 1942, the full retirement age is 65. If you were born after 1942, your retirement age is 66 or 67. Here are the ages to receive full Social Security retirement benefits. Receiving Social Security Benefits Early If you start receiving Social Security at age 62, your monthly benefits can be reduced by as much as 30%....

There are four main retirement account types that can be converted to a Roth IRA: traditional IRAs, 401(k)s, SEP IRAs, and SIMPLE IRAs. Learn how each type of account works and how to convert each one. Account Types That Can Convert to a Roth IRA Each of the main retirement account types can be converted or rolled over into a Roth IRA. For the purposes of this article, a “retirement account” is one that shields investments from taxes until distributions are made in retirement....

However, you can also ask other people, including teachers, volunteer leaders, colleagues, and even friends. Or, you can use them as additional references, especially if you are concerned your current or previous employer will give you a bad review. Select Your References Carefully Sometimes you will simply have to ask your references if you can put their names down on a reference list, and then the hiring manager might ask them questions about you via phone or email....

Why Did My Credit Card APR Increase? There are a number of reasons your rate could have increased, but thankfully, not as many as there once were. The Credit Card Accountability, Responsibility, and Disclosure (CARD) Act of 2009 introduced several new protections regarding interest rate changes. For example, the law made it so that credit card issuers can usually only increase your APR on purchases made in the current billing cycle and going forward—but not on existing balances from previous months....

The National Association of Realtors indicates that fiduciary duties cover six distinct areas: loyalty, confidentiality, disclosure, obedience, reasonable care and diligence, and accounting. Some—but not all—of these duties are self-explanatory. Confidentiality means information you share with your agent stays with your agent. It cannot be divulged to anyone else—and certainly not the party on the other side of the transaction—without your express permission. Obedience indicates that your agent must do or act as you request, even if they don’t necessarily agree with your decisions....

APR is a valid comparison tool when comparing apples to apples, but lenders won’t always make it easy to tell which loan is an apple and which is an orange. To ensure that comparing APR rates is the best strategy for you, watch out for some of these common pitfalls. Are Fees Included? Lenders have some wiggle room when they calculate APR for you. They may or may not include selected costs, but you still need to pay those costs....

courtneyk/Getty Images Credit Report vs. Credit Score Occasionally you will hear each of these phrases used interchangeably, but it is important to understand the difference between the two. Your credit report is actually a detailed history of your credit information. It will contain current credit information, balances, delinquent payments, bankruptcies, personal identifying information, and inquiries. Your credit score is a three-digit number that is based on the information in your credit report....

As China’s economic might grows, it’s taking steps to make that happen. Could we see a switch from a greenback- to a redback-dominated world? If so, how and when would that happen? What would be the consequences? What Must Happen First China is working hard to make the yuan the next global currency. Although presently a reserve currency, the yuan can’t upstage the U.S. dollar without several important scenarios taking place first, including:...

Job openings declined for a third month, to 10.7 million from 11.3 million in May, the Bureau of Labor Statistics (BLS) said Tuesday. The decreased number of openings—fewer than the 11.1 million economists had expected—means there are now 1.8 jobs for every unemployed worker, compared to 1.9 in May. The number of workers quitting—an indication of how confident people are of finding new jobs—fell slightly to 4.2 million from 4....

That means knowing when to stay and when to go—and being aware that it’s not always easy to tell the difference at first glance. You don’t need to accept an offer for a new job just because someone offered it to you. Sometimes, it might make sense to take a job you don’t want but not always. Will You Earn More? Money isn’t everything, but you can’t enjoy much of anything without it—constant worry about finances has a way of taking the joy out of life....

How to Decide When to Start a Job Search There isn’t one answer to the question of when you should start job hunting if you want or need to move. One of the biggest factors to consider is your finances. Financial Considerations Can you afford to go without a paycheck, pay for health insurance, and cover relocation expenses? If you have cash reserves, it can be easier to move first, get settled, and then start a job search....

Whether you run a brick and mortar business or e-commerce store, wholesale distributors play an important role in connecting manufacturers and store owners. Find the Right Small Business Wholesale Supplier As a small business, you may work with one wholesale distributor or several. But finding the right one to partner with can be tricky. You’ll need to find a wholesale distributor that: Connects you with the manufacturers and products your business needsHas prices you can affordServes your geographic regionIs reliable, trustworthy, and easy to work with...

1. You want the ability to access quality care quickly If you need assistance and don’t have a long-term care insurance policy, what do you do? You get help from family and friends, pay for it out of pocket, or go on Medicaid. To access long-term care benefits you must require help performing two out of the six activities of daily living. These are activities such as bathing, and dressing. As you age and start needing assistance with these items, many people rely on a spouse or other loved ones first....