Connect with us

Business

3 Biggest Reasons to Open an IRA Today

Published

on

(Courtesy of Flickr)

(Courtesy of Flickr)

(The Motley Fool) – Opening an IRA can be one of the smartest financial decisions of your life. These retirement accounts have tremendous benefits, so if you don’t have one year, maybe now is the time to finally open one.

We asked three of our contributors for the best reason to open an IRA right now, and here is what they had to say.

Selena Maranjian: One of the biggest reasons to open an IRA today is because it can cost you a lot if you don’t. When it comes to your retirement, procrastination can be expensive and might even leave you eating hamburgers instead of steak. Beyond its tax advantages, one of the great benefits of an IRA (and most other investment accounts) is that it lets your investments grow over many years. That enables the magical effect of compounding.

Let’s run through an example. For simplicity’s sake, let’s assume you’re going to contribute $5,000 per year into an IRA, and that your money will grow at the stock market’s long-term average annual growth rate of about 10%.

READ MORE

 

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

World Champion Chef at Graffiti Pizza in Downtown Oakland

Graffiti Pizza is open Tuesday through Thursday from 12:00 p.m. until 10:00 p.m. Friday from 12:00 p.m. until 1:00 a.m., Saturday from 3:00 p.m. until 1:00 a.m., and Sunday from 3:00 p.m. until 9:00 p.m. To contact them during business hours the number is 510-250-9303. For a detailed menu, please visit their instagram.

Published

on

Photo courtesy of Christy Price

Graffiti Pizza, a Black-owned restaurant located at 719 Washington St. is serving up specialty pizzas and more in the heart of Old Oakland. Opened in October of 2019 by Davina Dickens, she and head chef Matt Molina, a three-time world pizza champion, work together to create a mouthwatering experience that will be sure to make you want to come back for more.

The menu includes specialty pizzas with vegetarian options, appetizers, salads, sandwiches, calzones as well as a selection of alcoholic and non-alcoholic beverages. Dining is available outdoors, for takeout, and through delivery services such as DoorDash and Caviar.

Graffiti Pizza is open Tuesday through Thursday from 12:00 p.m. until 10:00 p.m. Friday from 12:00 p.m. until 1:00 a.m., Saturday from 3:00 p.m. until 1:00 a.m., and Sunday from 3:00 p.m. until 9:00 p.m. To contact them during business hours the number is 510-250-9303. For a detailed menu, please visit their instagram.

Continue Reading

Bay Area

Vice Mayor: Business Group Wants to Buy Coliseum, Attract WNBA Team

The group will provide additional details of its effort at a news conference at 11:00 a.m. Friday at a site to be determined.

Published

on

Oakland Vice Mayor Rebecca Kaplan.

Oakland Vice Mayor Rebecca Kaplan said a local business group has made serious inroads to buy the city’s 50% stake in the Oakland Coliseum complex and to bring a WNBA team to the city.
Kaplan’s office shared a news release Monday about the effort by the African American Sports and Entertainment Group.

Kaplan said the group is in negotiations with the Oakland-Alameda Joint Powers Authority, has submitted a formal proposal to WNBA officials, and has submitted a term sheet to the city, which the City Council’s rules committee recently voted to advance to the full council for a vote.

The group will provide additional details of its effort at a news conference at 11:00 a.m. Friday at a site to be determined.

“I am pleased that there is such great interest in doing an important development at the Oakland Coliseum that will provide jobs, revenue and community positivity,” Kaplan said. “My goal is to help this process move forward before the summer recess.”

Kaplan said the group has the backing of more than 30 community groups of faith-based institutions, labor organizations, civic leaders, and job development organizations. She did not name the groups

Continue Reading

Business

Go Fund Geoffrey’s

Whether it was Paul Mooney, Faye Carroll, Sugar Pie or Jay-Z performing or whether it was Congresswoman Barbara Lee, Mayor Elihu Harris, or Kamala Harris along with many of the Bay area’s elected officials they too have come to bask in the limelight of Geoffrey’s Inner Circle.

Published

on

Geoffrey's Inner Circle

For more than 30 years Geoffrey Pete ‘s business, Geoffrey’s Inner Circle, has been a cultural hub because of its full-service restaurant, live entertainment, nightclub parties, jazz music and community special occasion events. Faith-based organizations have also rented the spacious facilities for services and concerts. Their full-service restaurant, bar and live entertainment business along with their tenants and multilevel event rental spaces have been severely interrupted and devastated by the COVID 19 lockdowns and restrictions.

Whether it was Paul Mooney, Faye Carroll, Sugar Pie or Jay-Z performing or whether it was Congresswoman Barbara Lee, Mayor Elihu Harris, or Kamala Harris along with many of the Bay area’s elected officials they too have come to bask in the limelight of Geoffrey’s Inner Circle. Now those lights are dimmed due to the economic conditions that have descended on high intensity people-contact businesses.

Thanks to a group of customers and supporters a Go Fund Me page has been opened for the public to contribute to support Geoffrey’s Inner Circle https://gofund.me/b2541419.

The Post newspaper has notified the Oakland African American Chamber of Commerce that regular articles concerning the needs of Geoffrey’s and other Black-owned Businesses will be published weekly.

Continue Reading

CHECK OUT THE LATEST ISSUE OF THE OAKLAND POST

ADVERTISEMENT

WORK FROM HOME

Home-based business with potential monthly income of $10K+ per month. A proven training system and website provided to maximize business effectiveness. Perfect job to earn side and primary income. Contact Lynne for more details: Lynne4npusa@gmail.com 800-334-0540

Facebook

Trending