Here's the basic tax information on some key sources of retirement income:· Social Security- Many people don't realize they may have to pay taxes on their Social Security benefits. You'll want to check with your tax advisor to detennine whether your income reaches the threshold where your Social Security benefits will be taxed. The Social Security…
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Your credit score remains an important financial indicator throughout retirement, influencing various aspects of your financial life and overall well-being. While retirement often involves a shift in financial priorities, maintaining a healthy credit score can provide essential benefits and opportunities during this life stage.
The California- based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year. Nvidia also announced a 10- for-one stock split effective June 7 to make owning shares more accessible. Nvidia shares were up nearly six percent to $1,003.50 in after-market trades.
Study sheds light on a changing retirement landscape
As the youngest baby boomers begin to reach the age of 65, new research sheds light on the changing retirement landscape.
Registered investment advisors’ views are largely mixed on the impact of upcoming U.S. elections on the investment climate.
Half of Americans ages 61 to 65 have already retired and started claiming Social Security payments. Additionally, 28% are still providing financial support to adult-age children and extended family members.
Trump Media& Technology Group, which runs former President Donald Trump's Truth Social, on Monday reported a first-quarter operating loss of $12.1 million, way more than the $3.6 million of last year. Shares of the Sarasota, Florida- based firm began trading on the Nasdaq under the ticker symbol DJT in March following its merger with Digital World Acquisition…
Content marketing planning: 5 best practices for advisors
Content marketing strategy requires more than just quantity — it demands strategic planning and execution.
Retirees shifting portfolio focus from growth to new target, study finds
Retirement-aged Americans are changing their investment priorities from growth and higher returns. We talked to an expert to find out why.
Panelists debunk ESG ‘myths’ surrounding new SEC climate rule
Ahead of the SEC moving forward with new Climate Change Disclosure Rules, experts debunk four ESG-related “myths.”
With campus protests grabbing the headlines, it’ s easy to lose sight of an important fact: About 4 million Americans will graduate from college this year and for them, life is about to become more complicated. The median annual wage for recent college graduates aged 22 to 27 was $60,000 last year, according to the Federal Reserve of New York. That’ s a big jump up from…
Riches beyond income: Why high earnings don’t always equal wealth
Several factors can prevent high earners from building wealth.
Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87.. A representative at the Marianne Boesky Gallery, owned by Ivan Boesky's daughter, confirmed his death. The son of a Detroit delicatessen owner, Boesky was once…
The retirement risks your client may not have considered
Taxes and legislation can post a greater risk to a client’s retirement than what they realize.
Are financial woes keeping young high earners from actively planning for retirement?
Are concerns about student loans and a high-interest housing market keeping young high-earning Americans from retirement planning?
Does it make sense to plan to age 95?
A new report said that with 95% of Americans older than 60 having at least one chronic condition, the average actuarial life expectancy for those with chronic health conditions is significantly lower.
Grow your business with values-based investing
By Donald F. White The ability to articulate your values is a struggle for many people. It is not that…
Winning the war for the highest share of consumer wallet
Exploding consumer engagement with financial services firms is requiring competitors to fight harder for their share of consumers’ wallets.
The magic of time Here's a hypothetical scenario that puts things into perspective: Say 22- year-old Bob makes $60,000 a year and retires at 65. Assuming he consistently makes that 12% monthly contribution of $600 and earns a hypothetical 5% rate of return, he'll end up with $1,057,228 at retirement. Sally, however, contributes $1,000 a month at the same…
A survey released last month by AARP puts the sobering facts into perspective. The gloomy outlook raises red flags both for America’ s seniors and states like Florida that have long sold themselves as retirement havens. The figure of 1 in 5 adults over age 50 with no retirement savings came from interviews completed with more than 8,000 people, the AARP said.
