Stock Markets
Last week, the Nasdaq reached a new milestone when it briefly surpassed the 20,000 level. Growth stocks underperformed against value stocks for the third consecutive week, partly due gains by Tesla (12.08%) and Google parent Alphabet (9.44%) shares. Between Tuesday and Wednesday, Alphabet recorded its largest two-day gain...
One of the most important parts of Social Security is the annual cost-of-living adjustment, or COLA. The COLA is designed to help your monthly checks keep up with rising prices for everything from groceries, to medical bills, to the cost of housing. The Social Security Administration announces the next...
Money manager Vanguard said on Monday it will establish a new advice and wealth management division led by industry veteran Joanna Rotenberg.
Leading asset managers are expanding their wealth management services to meet growing client demand in the backdrop of an increasingly complex and volatile investment landscape.
Vanguard's CEO Salim Ramji...
It’s fitting, perhaps, that as the holiday hullabaloo reaches its zenith, many people are already planning how to boost their finances in the new year. Even the most casual TikTok scroller has likely seen people talking about “underconsumption,” or downsizing their lives. In the latest viral trend, TikTokers from...
If you are considering a year-end Roth individual retirement account conversion, you’ll need to plan for an upfront tax bill.
Roth conversions move pretax or nondeductible IRA funds to a Roth IRA, which can kick-start tax-free growth. It’s a popular strategy among investors with large pretax balances, particularly in lower-income...
Pressure is mounting for the Senate to vote on a bill that could return Social Security benefits public sector workers feel they’re entitled to.
The Social Security Fairness Act, which would eliminate the Windfall Elimination Provision (WEP)...
Late-in-life Roth conversions can take some tricky math.
As you approach retirement, one of the most important questions will be how to manage the taxes on your retirement income. For households that rely on pre-tax portfolios, like...
Going into retirement with a solid nest egg is important given the long-term uncertainty around programs like Social Security — and also, because Social Security only replaces about 40% of the typical wage earner's income, and most retirees need more than...
The Social Security program undergoes revisions each year to account for changes in wages and prices across the economy. Often, benefits are the largest source of income for retired workers, so understanding the changes could be the difference between prudent financial...
As the markets tested record highs, retirement savers reaped the benefits.
The average 401(k) plan balance ended the third quarter up 23% from a year earlier, at $132,300 — the highest average on record, according to a new report by Fidelity, the nation’s largest provider of 401(k) plans. The financial...
