Tag: Retirement Accounts

Investing, Socially, and Simply: A Look at the Public App
January 11, 2025 Off

Investing, Socially, and Simply: A Look at the Public App

By The Admiral Staff

Public is a popular, commission-free investing app focused on community and accessibility for beginner investors. It allows trading of fractional shares, ETFs, cryptocurrencies, NFTs, and alternative assets, with a minimum investment of $0. Key features include educational resources, a social media-style feed for sharing investment ideas, and the option to upgrade to Public Premium for advanced insights. Public now offers Traditional and Roth IRAs, margin investing, index options, and a high-yield cash account with a 4

Navigating Required Minimum Distributions: Your Essential Guide
November 15, 2024 Off

Navigating Required Minimum Distributions: Your Essential Guide

By The Admiral Staff

Starting at age 73, individuals with traditional IRAs, 401(k)s, and similar retirement accounts are required to take Required Minimum Distributions (RMDs) annually—a portion of their savings that is subject to income tax. Failure to withdraw the required amount results in a steep 50% tax penalty. Roth IRAs are the exception, not requiring RMDs during the account holder’s lifetime. Several factors influence the RMD amount each year, including