Setting up a retirement plan is not as simple as putting aside a bit of extra money every month. It requires much more careful consideration of several factors.
The American College sponsored a recent webinar in which experts on financial technology and policy discussed how artificial intelligence could influence financial services.
Setting up a retirement plan is not as simple as putting aside a bit of extra money every month. It requires much more careful consideration of several factors.
With fraud increasing in complexity, frequency and deception, it's natural to be concerned for the privacy and financial security of the loved ones in your life. Here are seven steps to help protect your loved ones' financial lives:. Educate your loved ones about common types of fraud.
Nov. 21— A once-prominent Buffalo businessman who was the main defendant in a multimillion-dollar securities fraud case, accused of cheating nearly 100 investors, has died. Pastor, 52, who tried a decade ago to purchase a National Hockey League franchise, "died suddenly" in his New Jersey home on March 25, prosecutors recently disclosed in a document filed in…
The landscape of retirement planning presents unique challenges for women. Due to longer life expectancies, intermittent career patterns due to caregiving responsibilities and the persistent wage gap, women must approach retirement planning with strategies tailored to their specific financial and lifestyle needs. This article delves into the various…
He also committed wire fraud in February 2016 related to his business River Studios, a VR company that did content for music acts such as Beyonce, Bjork, Coldplay and sports teams such as the Denver Broncos and Sacramento Kings. With River Studios, Rothenberg would transfer large portions of proceeds and put them in various bank accounts. Rothenberg would often…
The American College sponsored a recent webinar in which experts on financial technology and policy discussed how artificial intelligence could influence financial services.
NEW YORK- Wall Street drifted through a mixed Monday to open a week that could bring more action to financial markets, with several big reports on the calendar. The market was coming off a week with relatively few reports to give hints on Wall Street's central questions: When will the Federal Reserve halt its hikes to interest rates and begin cutting them, and can…
"I think they will remain leaders next year," said David Kostin, chief U.S. equity strategist at Goldman Sachs. Experts are turning more bullish on the economy and the stock market for next year amid a widespread belief that the Federal Reserve has finished raising interest rates. Consumer prices rose 3.2% in the 12 months through October, and the Fed has boosted…
If you've invested in an IRA for many decades, it may well turn into a key source of income for your retirement. Still, you might not deplete your IRA in your lifetime, especially if you also have a pension or a 401 and other investment income. Inheritors of Roth IRAs are also required to follow the 10- year distribution rule but are not subject to income taxes on…
—The Federal Reserve is likely to make significant cuts to interest rates next year beginning as early as March, according to a new estimate from UBS Investment Bank. Slowing inflation could enable a 2.75 percent decrease in the interest rate over the course of the year, nearly halving the current rate of nearly 5.5 percent, UBS said. UBS Chief Strategist Bhanu…
A St. Joseph man has pleaded guilty to leading an $8 million wire fraud conspiracy that cheated hundreds in the guise of running a Christian health care sharing ministry. Reynolds, CEO of the tax-exempt organization, admitted it collected more than $8 million in member "contributions," yet paid only 3.1 percent in health care claims. The Medical Cost Sharing…
James C. Capretta, fellow at the American Enterprise Institutes, asks, "How can the largest items in the federal budget, Social Security and Medicare, be preserved without more borrowing?" Due to the growing gap between Social Security and Medicare contributions and payouts borrowing, the federal government is on the edge of a financial crisis and must borrow to…
NEW YORK— Wall Street is drifting Monday to start a week that could bring more action to financial markets, with several big reports on the calendar. The market is coming off a week with relatively few data reports to give hints on Wall Street's central questions: When will the Federal Reserve halt its hikes to interest rates and begin cutting them, and can the…
-Entering the holiday season with high-interest debt or financial struggles can put you at risk for a debt hangover that could linger for years. Credit card balances rose to over $1 trillion in the second quarter of 2023, according to a report by the Federal Reserve Bank of New York. The average rate for credit cards assessed interest as of August 2023 was 22.77%,…