How to Do a Backdoor Roth Conversion: Caps, Steps and Examples

Retirement

A backdoor Roth IRA allows high-income earners to move money into a Roth IRA. It is a simple two-step strategy that works because, while the IRS sets income limits on direct Roth IRA contributions, it sets no income limits on Roth IRA conversions. Anyone whose modified adjusted gross income (MAGI)…

How Does The Wells Fargo Trifecta Compare?

Mortgage

The Wells Fargo Attune℠ Card is no longer taking new applicants as of June 15, 2026, although existing cardholders can still use the card. Those interested in the Wells Fargo Attune℠ Card can check out Wells Fargo Active Cash® Card instead. Key takeaways A credit card trifecta is a set…

Elon Musk becomes world’s first trillionaire following SpaceX IPO

Markets

Elon Musk’s SpaceX began trading at $150 a share on Friday, above its listing price of $135 a share, making him the world’s first-ever trillionaire following the IPO. The rocket and satellite company raised a record $75 billion, valuing the company at about $1.8 trillion, pushing the value of Musk’s…

USDA Loans: What Are They And How Do They Work?

Mortgage

Zing Images/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways USDA loans are government-backed mortgages for borrowers buying in specific, eligible rural areas. These loans don’t require a down payment, and they have fairly lenient credit score requirements. Hoewver, USDA mortgages also come with income and loan limits that vary by…