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| Good morning, Daily Money subscribers, and good Wednesday to you. It's Nathan Bomey once again. Last night I moderated a fascinating virtual panel on extremism for the East-West Center , where I did a fellowship in 2012. My takeaway: Radicalization is happening all around us, and we all have a role to play in thwarting it. |
| On to our ... |
| INSIGHT OF THE DAY: Did you know your child might be able to open a Roth IRA? I sure didn't. But yes, adults can open a Roth IRA on behalf of their children as long as their children have earned income in that year. Annual contributions are limited to the amount the child earned, up to a maximum of $6,000. |
| Now for more news ... |
| 1. Investing in a 401(k) can seem tricky, but your best bet is to go with something standard. Try target-date funds, index funds or managed mutual funds. |
| 2. Bought a greeting card lately? I didn't think so. And that's what's hurting stores like Paper Source, which filed for Chapter 11 bankruptcy protection on Tuesday. (This development reminded me of a story I wrote in 2019 on how greeting cards need a sympathy note.) |
| 3. Your next Volvo could be electric. The Chinese-owned Swedish automotive brand announced it plans to convert its entire lineup to electric vehicles by 2030. |
| 4. Is Rocket Companies the new GameStop? Investors eager to exact justice on short sellers have set their sights on the mortgage provider, driving its shares up sharply Tuesday. |
| More below. |
| --Nathan Bomey, Money reporter |
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