Hostess, Back from the Dead, Now Could Be Worth Billions
In 2012, Hostess, the iconic American bakery giant behind Ding Dongs, Ho Ho’s and Twinkies, was bankrupt, with plans to slash more than 18,000 jobs and close its doors for good amid a crippling nationwide strike. Then, in 2013, a snack-cake savior appeared. The Missouri-based sweets maker was bought for $410 million by a partnership between private-equity giant Apollo Global Management and C. Dean Metropoulos, a billionaire turnaround...
Ways for Self-Employed to Save More
Question: I am a freelancer. I don’t consider myself a small-business owner, just someone who gets the work done on time and gets paid. I max out my IRA every year, but would like to save more in a tax-advantaged account. I checked out SEP and SIMPLE IRAs, but they don’t have a Roth option. Am I eligible to start an Individual 401(k)? What administrative duties would be involved? I pay self-employment tax and my clients send me 1099s,...
