Author: KnowledgeHippo
Generic manufacturers can take years to get ready to produce a drug and must have a sense of the potential market in order to commit to investing in production. So, in the meantime, Gilead will seek to ship “adequate volumes” of lencapavir to low-income countries once it gets regulatory approval, he said.Lencapavir and the two pills studied are both known as pre-exposure prophylaxis medications, or PrEP. Another effective injectable drug, PrEP, is available in some African countries, but its uptake has been stymied by questions of access. Long-acting cabotegravir, which is given as an injection every two months, has also…
As investing platforms, Charles Schwab and Fidelity make for a very apples-to-apples comparison. Both are long-standing brokerage houses with a history of financial management, personal advising and retail services. Both have introduced online trading platforms in the form of apps and websites. And both offer full-service platforms with a wide variety of assets and information available to individual traders. Your choice of a brokerage could have a major impact on your long-term finances. Consider speaking with a financial advisor about it.Fidelity vs. Charles Schwab: FeesThere are generally four types of fees that an online investment platform will charge: Trading Fees:…
If you are no longer with the employer sponsoring your 403(b) plan, you may consider transferring the 403(b) balance to Vanguard. Vanguard is one of the largest investment advisors in the United States, and it offers a wide pool of low-cost index mutual funds and exchange-traded funds. If you want to transfer your 403(b) to Vanguard, here are the steps you should follow. To transfer your 403(b) balance to Vanguard, start by gathering information about your 403(b) plan. Next, open a Vanguard retirement account where you will transfer your 403(b) funds into. Contact your 403(b) plan provider and request a direct…
As you near retirement, you may want to know what to do with your 401(k) plan. While you may be able to leave your retirement money with your former employer, moving the money to a new account can give you greater control over the money. If your 401(k) plan is with Fidelity, you may consider rolling over the 401(k) money to another retirement plan.To roll over a Fidelity 401(k), start by setting up a new retirement plan where you will transfer the 401(k) money. The new retirement plan can be an IRA, a new employer’s 401(k) plan, or other tax-advantaged…
One of the perks of being self-employed is the ability to self-direct your retirement savings. Self-employed individuals can open a Solo 401(k) account to access the same level of service as a company-sponsored 401(k) plan. A Solo 401(k) allows the owner-employee of the business to contribute up to $19,500 in 2021, and still make profit-sharing contributions up to $58,000 in 2021, or $64,500 if you are above 50.You can open a Solo 401(k) account with different types of providers such as brokerages, banks, and self-directed custodians. You should compare the different Solo 401(k) providers to determine the company with the…
If you are a small business owner or solo entrepreneur looking for an alternative retirement savings option, you have likely come across a Solo 401(k). This retirement savings account allows self-employed individuals to contribute both as an employee and employer, hence increasing their savings potential.As a business owner, you can open a Solo 401(k) account to help you build enough savings to live off in retirement. Some of the advantages of a Solo 401(k) include higher contribution limits of up to $58,000 annually, a Roth component, Solo 401(k) loans, and unlimited investment options.Advantages of a Solo 401(k)Some of the key…
If you have a day job and you also run a small business on the side, you can have a retirement account at each job. The IRS allows employees and business owners to have multiple retirement accounts as long as there is no affiliated relationship or legal overlap between the two jobs. Also, you must keep watch of the contributions you make to each account since the contributions are calculated per person and not per plan. If you exceed the IRS contribution limit, you could be charged a penalty on the excess contribution.The IRS allows workers to contribute to multiple…
If you are approaching retirement, you may want to know how much Social Security benefits you qualify to receive. Social Security is designed to help replace the income that retired and disabled workers lose when they retire or are unable to work due to a disability. The amount of Social Security benefits you receive depends on several factors.You can qualify to receive Social Security retirement benefits when you retire if you are at least age 62 or older, and you have earned at least 40 work credits. The amount you receive depends on your age when you claim benefits and…
If you are more than a few years away from retirement, it can be difficult to predict how much benefits you will receive from Social Security. But, knowing how what Social Security payments are based on can help you determine how much benefits you will receive when you retire. Social Security payments are based on your work record, earnings history, claiming age, and birth year. When calculating Social Security benefits, Social Security takes your 35 highest-earning years; if you worked less than 35 years, Social Security includes $0 income for the years you did not work. You can claim benefits as…
If you use a traditional IRA to save for retirement, you are allowed to defer paying taxes on your contributions. The contributions you add to the account are allocated to various investment opportunities that earn interest. Here is what to know about the average IRA returns and how to maximize these earnings.IRAs have historically earned 7% to 10% in average annual returns. Your earnings increase when you invest your IRA contributions and investment earnings into interest and dividend-earning opportunities like stocks, mutual funds, bonds, exchange-traded funds, and certificates of deposits. IRAs grow through compounding, which helps your money grow regardless…