Author: Arabian Media staff
Like its close cousin the 401(k), a 403(b) plan can be a convenient way to save for retirement if your employer offers one. Later, as your retirement date approaches, you’ll face some important decisions about how to handle the money you’ve built up in your account over the years. This article will walk you through your basic options and their tax implications. Key Takeaways If you have a 403(b) plan at work, you may be able to leave it with your employer when you retire or roll it over tax-free into an individual retirement account (IRA).When you make withdrawals, you’ll…
Student loan debt is one of the most significant issues impacting Americans’ lives today. As of 2024 Q4, the Federal Reserve Bank of St. Louis reported that outstanding student loan debt in the United States exceeded $1.77 trillion. Please don’t ignore your debt since this can have serious consequences. In most respects, defaulting on a student loan carries the same consequences as failing to pay off a credit card. However, it can be much worse, as the government can take action to recover what’s owed. The federal government guarantees most student loans and can act as a debt collector. Please…
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When employees leave a job that had a company retirement plan, it’s customary to roll over the balance in the plan’s 401(k) into a traditional individual retirement account (IRA). This allows the person to continue deferring taxes until they retire and begin taking distributions. Or it does, at least, for most of the plan’s assets. But if your 401(k) includes publicly-held stock in the company you’re leaving, you shouldn’t necessarily roll these assets over to an IRA. It may make more sense to instead move the stock to a brokerage account and pay at least some tax on it immediately.…
What Is Decentralized Finance (DeFi)? Decentralized finance (DeFi) is an emerging financial system using blockchain and cryptocurrencies to enable direct transactions between individuals and businesses. By eliminating intermediaries like banks, DeFi aims to reduce costs and speed up processes, although it’s currently in its infancy and presents security challenges. In the United States, the Federal Reserve and Securities and Exchange Commission (SEC) define the rules for centralized financial institutions like banks and brokerages, which consumers rely on to access capital and financial services directly. DeFi challenges this centralized financial system by empowering individuals with peer-to-peer transactions. Key Takeaways Decentralized finance,…
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It’s a good problem to have: having too much money saved for retirement and having additional money to leave to your heirs. Here’s a look at the types of people who are saving a lot in their lifetimes and how you can be one of them. Who Saves the Most? A National Bureau of Economic Research study reveals what types of people work and save the most. According to the study, married men work in the labor force and save “substantially” throughout their lifetimes. Married women’s time in the labor market peaks in middle age. Single men show a decline…
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Key Takeaways Beckham Jr. converted his entire 2021 NFL salary of $750,000 into Bitcoin through a partnership with Cash App.At the time of the conversion in November 2021, Bitcoin was worth about $64,000. In late August 2025, it traded at more than $108,000.If he held onto his Bitcoin, the value could now exceed $1.2 million (as of Aug. 29, 2025), excluding taxes.Beckham Jr. is one of several NFL players, including Russell Okung and Sean Culkin, who’ve bet big on Bitcoin instead of opting for a traditional paycheck. Odell Beckham Jr., 2022 Super Bowl champion with the Los Angeles Rams, converted…
Client Challenge JavaScript is disabled in your browser. Please enable JavaScript to proceed. A required part of this site couldn’t load. This may be due to a browser extension, network issues, or browser settings. Please check your connection, disable any ad blockers, or try using a different browser. Source link