I’m a big fan of the Roth IRA and investors that understand it’s massive tax-free benefits are also.

Recently a reader sent in this question about it:

“I’ve been investing in a Roth IRA for several years thanks to your blog! I initially started in a basic index fund but after doing more research I want to start dabbling in dividend stocks. Since I’ve never bought individual stocks I’m worried I may make some bad picks. What happens if I do… can I lose all the money in my Roth IRA?”

-Debbie

Thanks for your questions Debbie! Before we answer your question, let’s do a quick refresher on the Roth IRA rules.

What is a Roth IRA?

A Roth IRA is a type of individual retirement account (IRA) that allows you to contribute after-tax money and withdraw it tax-free in retirement. It is named after Senator William Roth, who sponsored

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“White Oak,” named after its location, will be a 390-unit townhome family development with the building wrapped around a central courtyard.

Developers CP Capital and The NRP Group have partnered for a new, multifamily development in Silver Spring, Maryland, which will break ground early next year.

“White Oak,” named after its location, will be a 390-unit townhome family development with the building wrapped around a central courtyard.

The development will be part of the White Oak Science Gateway area, and will be near several large employers, including the Food and Drug Administration, the new Adventist White Oak Medical Center, the University of Maryland College Park, Fort Meade, the National Institutes of Health, the Walter Reed National Medical Center and others.

A rendering of the planned “White Oak” development, which is set to break ground in 2023. (Courtesy CP Capital)

The five-story building will include a private courtyard, sun deck and

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Cramer explains why bank stocks performed poorly this year

CNBC’s Jim Cramer on Tuesday named three financial stocks he believes are worth buying.

Stocks closed higher on Tuesday, snapping a four-day losing streak that had been driven in part by Wall Street’s fears that the Federal Reserve’s interest rate increased could tip the economy into a recession next year.

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But while investors continued to worry about a potential economic downturn, Cramer reminded them that this scenario is still avoidable.

“If you think the Fed will stop bringing the pain at some point in 2023, then … these names could become tremendous performers,” Cramer said.

Here are his picks:

Wells Fargo

Cramer called the stock a great “turnaround story” that could roar higher next year if the economy didn’t tip into a severe recession. He added that he believes the company’s performance will fare better once it pays off a $3.7 billion settlement with the Consumer Financial

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The best home insurance companies offer high-quality coverage that protects against damage to your home’s structure and your property, whether it is caused by lightning, winds, fire, or other covered perils. Homeowners’ insurance also comes with important liability coverage that can save you financially if someone is injured on your property and decides to sue you for damages.

That said, not all homeowners insurance is created equal, and the best home insurance companies stand out due to the breadth of their policy offerings, the discounts they offer, and their affordable premiums. To help you find the best home insurance company for your needs and your budget, we compared more than 20 of the top providers based on these factors as well as third party rankings from agencies like A.M. Best and J.D. Power.

Our Picks for Best Home Insurance of 2022

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