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Even the most successful companies in the world have the occasional flop. We put together 33 of the world's biggest flops, from Nintendo's Virtual Boy to Google Glass. Morning Brew Insider recommends waking up with, a daily newsletter. "Less than 3% of new consumer packaged goods exceed first-year sales of $50 million — considered the benchmark of a highly successful launch," say Joan Schneider and Julie Hall, co-authors of "The New Launch Plan." That's part of the reason that the most heavy-hitting names in business — from Nintendo to Netflix, Microsoft to McDonald's — have had some of the biggest belly flops.
Persons: Jeff Bezos, Joan Schneider, Julie Hall, , Aimee Groth, Jay Yarow, Drake Baer Organizations: Amazon, Nintendo's, Google, Nintendo, Netflix, Microsoft
We put together 32 of the world's biggest flops, from Nintendo's Virtual Boy to Google Glass. Morning Brew Insider recommends waking up with, a daily newsletter. "Less than 3% of new consumer packaged goods exceed first-year sales of $50 million — considered the benchmark of a highly successful launch," say Joan Schneider and Julie Hall, co-authors of "The New Launch Plan." That's part of the reason that the most heavy-hitting names in business — from Nintendo to Netflix, Microsoft to McDonald's — have had some of the biggest belly flops. Here's a look at 32 of those flops, and what we can learn from them.
Persons: Jeff Bezos, Joan Schneider, Julie Hall, , Aimee Groth, Jay Yarow, Drake Baer Organizations: Amazon, Nintendo's, Google, Nintendo, Netflix, Microsoft
How a spousal IRA worksA spousal IRA is a separate account, meaning both spouses can contribute to their own IRAs. And many couples aren't aware of spousal IRA contributions, according to Julie Hall, a CFP at Vision Capital Partners in Ann Arbor, Michigan. But you can still score a deduction for pre-tax IRA contributions, assuming you qualify based on income and workplace retirement plan participation. Of course, the decision about whether to make pre-tax or Roth IRA contributions hinges on more than just the current year's tax break, Hall added. Spousal IRA contributions in retirement
You can make your 2022 IRA contribution through the April tax deadline in 2023, as long as you designate the deposit for tax year 2022. However, it gets more complicated if either partner has retirement plan coverage at work and participates in the plan. With a workplace plan, some or all of your contributions may not be deductible, depending on earnings. For 2022, single investors with a workplace retirement plan may claim a tax break for their entire IRA contribution if their modified adjusted gross income is $68,000 or less. How to know if a pretax IRA contribution makes sense
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