A backdoor Roth IRA lets high earners fund a Roth by using a nondeductible traditional IRA and converting it. Steps, tax traps, pros, and alternatives.
Learn how money market accounts work, their pros and cons, comparisons with savings, checking, CDs, and tips for choosing the right MMA for short-term savings.
Learn what arithmetic, geometric, and harmonic means are, how to calculate investment returns, and when each average best reflects financial performance.
Understand what a profit and loss (P&L) statement shows, its main parts, accounting methods, and how to read it to inform business and investment decisions.
Understand WACC: how to calculate it, its components, practical uses, limits, and how investors and managers apply it to valuation and project decisions.
An annuity is a contract that converts premiums into a future income stream. Learn phases, types, fees, and practical considerations for retirement planning.