More Americans are now 401(k) millionaires
More people could retire as millionaires. The number of people with $1 million or more saved in their 401(k) accounts jumped 10% from April to the end of June, according…
Read moreHelp me understand math. How does donating to charity reduce my taxes?
Ask an advisor: help me understand math. How does donating to charity reduce my taxes? If you give $50,000 in cash to charity, does that reduce your adjusted gross taxable…
Read moreIs it really enough to be considered middle class in these American cities?
Single family homes with skyscrapers in the background. The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage…
Read moreIs your retirement income above average in America?
Smart Established: What is the average retirement income? I wonder how your retirement savings Stack up other Americans’ nest eggs? Or will your income in your post-work years be enough…
Read moreI am over 72. How do I avoid the RMD tax sting?
Stephen Jarvis, Certified Public Accountant I am over 72 years old. What can I do about avoiding the required minimum distribution tax (RMD)? I have a steady stream of other…
Read moreProjections indicate that the Social Security COLA increase will return to reality in 2024 after the jump
like economic inflation Calm down, the odds are growing that Social Security benefits won’t rise as dramatically next year as they did in 2023. Retirees will likely look at a…
Read moreUS stock trade was mixed as the Dow Jones ended its worst week since March
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, US, February 6, 2020.Lucas Jackson/Reuters US stocks closed mixed on Friday,…
Read morePalo Alto Networks rises after Billings’ forecast beat estimates
(Bloomberg) — Cybersecurity firm Palo Alto Networks Inc. After forecasting stronger bills for the year than Wall Street expected, easing concerns that slowing demand could affect results. Most Read from…
Read morePfizer stock: Covid rally reverses as vaccine makers take on a new variant
shares accident (mRNA) And Pfizer (PFE) shares year-over-year on Friday — after gaining late Thursday on the back of a rebound linked to the updated Covid snapshot. X Late Thursday,…
Read more“I give 25% of my return.” Why would a financial advisor get a 1% fee, even in a bear market?
Ask an Adviser: Why Do My Financial Advisers Charge 1%? Why does a financial advisor charge a fee of 1% or more? This seems really high. If my return is…
Read moreBest EV Stocks to Buy and Watch Now: Top 5 Stocks for August 2023
Inventories of electric vehicles doubled Tesla‘s (TSLAWake Up Electric cars are looking to enter the mainstream – but not all are the same. Some auto stocks are more prepared than…
Read moreShould I open a CD now or wait for higher prices?
If you have money in savings, this could be a great time to convert some of that money into a Certificate of Deposit (CD). That’s because the Federal Reserve has…
Read moreBofA’s warning of ‘5% world’ sinks as returns soar
(Bloomberg) — Around the world, bond traders are finally beginning to realize that the rock bottom yields of recent history may be gone forever. Most Read from Bloomberg A surprisingly…
Read more2 stocks that will thrive from the AI chip market rally, says JPMorgan
font size Broadcom is the leading player in the custom chip market, according to JP Morgan. Dream time The market opportunity for high-quality, custom-designed semiconductors used to support artificial intelligence…
Read moreDow futures: Nvidia earnings and Powell’s speech loom; What are you doing now
Dow futures will open Sunday evening, along with futures for the S&P 500 and Nasdaq futures. nvidia (NVDAEarnings and a big speech from Fed Chairman Jerome Powell. X Palo Alto…
Read moreFundstrat says stocks are nearing the perfect opportunity to buy a pullback as the S&P 500 faces a rout in August
Reuters/Lucas Jackson Fundstrat said the August stock sell-off is an ideal opportunity to buy on a pullback. Markets will remain nervous about higher interest rates until the end of the…
Read moreA looming insurance shock is causing trouble for the Florida and California housing markets
Home insurance companies are pulling out of California and Florida, at alarming rates. Earlier this year, State Farm, California’s largest property insurance company, announce It will stop accepting new applications…
Read moreWe have no choice and we have to sell
This week, hundreds of homeowners in a neighborhood community over the age of 55, aka Century Villagein Pembroke Pines, Florida, gathered together to protest an increase in the monthly housing…
Read moreChina is fueling US bond rout by cutting holdings to a 14-year low as tensions between Washington and Beijing persist.
US Treasury building.Jalal Gunes / Anadolu Agency China reduced its holdings of US Treasury bonds to a 14-year low in June. Bond prices fell in 2023 as investors worried about…
Read moreBill Gates Picks BUD Stock, Morgan Stanley Says Current Valuation Fails to Reverse Potential Upside – Here’s Why You Should Pay Attention
It must have sounded like a good idea at the time, however Anheuser-Busch’s (New York Stock Exchange: BUD) The decision to run a Bud Light beer promotion with the help…
Read moreMichael Berry is a one-trick pony
Christian Bale played Michael Barry in The Big Short.Basic Michael Perry placed $1.6 billion in hypothetical bets against the S&P and Nasdaq last quarter. The Big Short investor is a…
Read moreThis market expert warns that the US dollar is rapidly losing its reserve status. Here’s what to love for protection
For decades, the US dollar has held esteem as the world’s primary reserve currency. But according to Lynette Zang, senior market analyst at ITM Trading, this long-standing dominance is on…
Read moreSpaceX Reports First Quarter Earnings, Divests Bitcoin Holdings; Cryptocurrency crash
New SpaceX financial documents published by The Wall Street Journal provide a rare look at Elon Musk’s private rocket company. Cryptocurrency prices have swung wildly after a report late Thursday…
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