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1. Non-Farm Payrolls Preview: Market expectations for Decembers non-farm payrolls are widely divergent, ranging from 25,000 to 155,000. FactSet generally expects 55,000, the Wall Street Journal expects 73,000, Reuters expects 60,000, and Interactive Brokers is the most optimistic, predicting 100,000. The market generally expects the unemployment rate to fall to 4.5%. 2. Economist Views: EY-Parthenons chief economist points out that even strong data could be misleading, with 2025 job growth being the weakest in decades (excluding 2020). The U.S. Navy Federal Credit Union projects only 710,000 new jobs in 2025, the worst performance since 2003, excluding recessions. 3. Fed Policy Path: CME data shows a nearly 90% probability of keeping interest rates unchanged in January, and only about an 11% probability of a 25 basis point rate cut; the Fed meeting minutes suggest a January rate cut is unlikely. 4. Bank of Americas view: Future interest rate cuts depend on the labor market. A drop in the unemployment rate to 4.5% or lower would support holding rates steady, while a rise above 4.7% could push for a rate cut. The baseline expectation is no further rate cuts during Powells term. 5. Everbright Futures view: The US presidents proposal for a significant increase in military spending in fiscal year 2027 has raised suspicions; gold prices initially fell but then rose amid geopolitical events; the number of initial jobless claims in the US last week was 208,000, lower than expected, indicating a solid labor market fundamental. 6. Gain Capitals view: The market expects 60,000 new jobs, compared to 64,000 previously; the unemployment rate is expected to fall from 4.6% to 4.5% (November unemployment rate is missing); hourly wage growth may rise to 3.6%. 7. US Dollar Analysis: XS.com analysts believe the US dollar is in a fragile position; unless non-farm payroll data is stronger than expected, its upward momentum will be limited; signs of weakness in the labor market could quickly break the current temporary balance of the US dollar. (The above content is compiled from publicly available market data and is for reference only, not investment advice.)Thai Prime Minister: Financial regulators will be responsible for overseeing matters related to gold.January 9th - According to the Financial Times, executives at US shale oil companies have warned President Trump that his plans to take over Venezuelas oil industry and drive down oil prices are pushing domestic production to the brink. An executive at a major shale oil company stated that the plan is "clearly detrimental to US producers." Texas oil executives have long been dissatisfied with Trumps insistence on lower oil prices. The plight of the Texas oil industry is deepening, with falling oil prices forcing producers to shut down drilling rigs needed to maintain production growth. Edwards, CEO of private oil producer Latigo Petroleum, stated, "The government is sending a signal that we would rather spend American money supporting Venezuelas oil industry than support our existing independent companies." Only the largest energy groups, such as Chevron, possess the hundreds of billions of dollars in capital, legal teams, and security resources required to enter Venezuela. For smaller operators, a recovery in Venezuelas oil industry would only exacerbate the markets oversupply.According to the Financial Times, shale oil giants have warned Trump that his plans to control Venezuelas oil industry and drive down crude oil prices will risk cutting U.S. oil production.January 9th - According to the Institute of Geophysics of the Tajik Academy of Sciences, a 5.3-magnitude earthquake struck the Gorno-Badakhshan Autonomous Region in eastern Tajikistan at 2:14 AM local time on January 9th. The tremor was felt in the capital, Dushanbe. As of now, there are no reports of casualties.

What is the Roth IRA?

Larissa Barlow

Mar 25, 2022 14:36

A Roth IRA is an individual retirement account (IRA) that permits tax-free withdrawals under certain conditions. Roth IRAs are comparable to standard IRAs, with the primary difference being the tax treatment of the two. Roth IRAs are established using after-tax resources, which means that contributions are not tax deductible but the money is tax-free once you begin withdrawing it.


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Roth IRAs Overview

As is the case with other eligible retirement plans, money invested in a Roth IRA grows tax-free. However, a Roth IRA imposes fewer restrictions than other types of retirement funds. The account holder may continue to contribute to the Roth IRA indefinitely; unlike 401(k)s and regular IRAs, there are no required minimum distributions (RMDs) throughout the account holder's lifetime.

 

On the other money, conventional IRA contributions are often made using pretax cash; you typically receive a tax deduction for your contribution and pay income tax on withdrawals from the account during retirement.

 

A Roth IRA can be funded in a variety of ways:

 

  • Contributions on a consistent basis

  • Contributions to a spouse's IRA

  • Transfers

  • Contributions that are carried over

  • Conversions

 

All contributions to a standard Roth IRA must be made in cash (including checks and money orders); they cannot be contributed in the form of securities or property. The Internal Revenue Service (IRS) periodically adjusts the maximum amount that can be placed in any form of IRA. The contribution limitations for regular and Roth IRAs are identical. These restrictions apply to all of your IRAs, so you cannot contribute more than the maximum amount even if you have numerous accounts.

Roth IRA Investments That Are Allowable

After contributions are made, a Roth IRA provides a range of investment possibilities, including mutual funds, stocks, bonds, exchange-traded funds (ETFs), certificates of deposit (CDs), money market funds, and even cryptocurrency.

 

Take note that IRS regulations prohibit you from directly contributing cryptocurrency to your Roth IRA. However, the recent advent of "Bitcoin IRAs" has resulted in retirement accounts specifically intended to allow for cryptocurrency investment. Additionally, the IRS identifies certain assets that are not permissible in an IRA, including life insurance contracts and derivative investments.

 

If you want the most investment alternatives, you should create a Roth self-directed IRA (SDIRA), a type of Roth IRA in which the client oversees their own assets, not the financial institution. These open up a range of investing opportunities. Along with traditional investments like as stocks, bonds, cash, money market funds, and mutual funds, you can own assets that are not normally included in a retirement portfolio. Gold, investment real estate, partnerships, and tax liens are just a few of these—as is a franchise business.

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