I split my 401(k) contributions 50/50 between a standard and a Roth. The thought process is that it allows me to take money out tax-free during big spending years in retirement and the opposite during normal years. Is this the correct thought process and a good idea?
The Royal Bank of Scotland has already paid out tens of billions of dollars in penalties following the global financial crisis. Now, it's paying $5 billion more in a bid to draw a line under the crisis.
1. BT cuts 13,000 jobs: British media group BT said Thursday it will cut 13,000 jobs and leave its central London headquarters in order to save billions.