With age comes responsibility, so if you’re a young adult in your 20s or 30s, chances are you’ve been introduced to the realities of adulthood. While you’re excited by all the opportunities life has to offer, you’re also aware of your emerging financial responsibility. In the financial realm, the millennial generation (young adults born between […]
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You can have both a Roth 401(k) account and a Roth IRA account. The contribution limits are separate. Roth 401(k) Roth IRA Maximum contribution (2020) Lesser of $19,500 or 100% of compensation Lesser of $6,000 or 100% of earned income Catch-up contribution if age 50 or older (2020) $6,500 $1,000 Who can contribute? Any eligible
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What are business financial ratios? Business financial ratios (also called financial operating ratios) are used to measure a business’s condition and performance. Using data from your company’s balance sheet and income statements, various ratios can be calculated and compared with ratios of businesses like yours to see where you stand. These indicators allow you to
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