The Federal Reserve is expected to leave interest rates unchanged at their March meeting, CHS Hedging said. "Minutes from the meeting will be released at 1 pm CT today and Fed Chairman Powell will speak at 1:30pm," they said. "China's central bank left their one-year loan prime interest rate unchanged at 3.45%, as expected," CHS Hedging noted.
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A majority of financial advisors surveyed (89%) report clients have a wealth transfer plan in place and many financial advisors say clients are engaging their families in these discussions, according to new research from Edward Jones and Morning Consult.
Investors are optimistic despite looming election anxiety
A survey of CFP professionals found that American investors are overwhelmingly optimistic, with 6 in 7 CFP professionals reporting that their clients have a positive outlook for 2024 despite ongoing economic uncertainty.
The Collaborative for Equitable Retirement Savings today published its first report, “Racial and Gender Disparities in 401(k) Account Balances: How Large are They and What is Causing Them?
Jennifer Updike and Lewis Fredette, of Auburn, New York, got engaged in December 2023. But because they both receive Supplemental Security Income— commonly referred to as SSI— they’ ll lose about $300 in combined income monthly if they get married due to the resource limits that the National Council on Disability calls the“ marriage penalty.” SSI resource limits…
A domino effect occurs each time the Federal Reserve changes interest rates. An increase leads to higher rates for consumers when they borrow, while paving the way to better returns for savings accounts. A decrease results in paying less interest when borrowing money, but also causes a drop in how much your savings can earn.
The Commerce Department is expected to report Tuesday that builders broke ground on new apartments and single-family homes last month at a faster annual pace than January’ s 1.33 million-units. The Federal Reserve delivers its latest interest rate policy update Wednesday, following a two-day meeting of its policymakers. The National Association of…
Even as Sam Bankman-Fried faces decades in prison at his sentencing hearing later this month, the cryptocurrency market he promoted is staging a historic comeback. Since October, when a federal jury convicted Bankman-Fried of conducting a massive fraud, the price of bitcoin has more than doubled. That prospect is certain to be part of Bankman-Fried’ s plea for…
Helping professional women grow and protect their wealth
Women who are in high tax brackets tend to be busy professionals who don’t have the time to manage their money or plan for their financial future. So they turn to someone like Samantha Holowka for help.
Level of financial insecurity remains high, study finds
While Americans have a more optimistic view of U.S. economy than they once did, their feelings of financial security have hit a record high.
Three money moves to help women minimize financial stress
Research identifies three financial behaviors to help women of all ages and income levels reduce their financial stress.
Estate planning and life insurance for the 99%
Estate planning and life insurance are not just for the ultra-wealthy.
Women redefine financial advising as both leaders and clients
By Jennifer Mann Women have made incredible strides to influence professional spaces where men have dominated for years. According to…
Manager in Champaign A personal my Social Security account can be helpful in so many ways. If you do not receive benefits, you can:· Request a replacement Social Security card.· Check personalized retirement benefit estimates to compare different dates or ages to begin receiving benefits.· Check the status of your Social Security application after you apply.· Get…
StatePoint As tax season unfolds, you might wonder how an effective tax strategy can assist in achieving your financial objectives, whether you're a young professional filing taxes for the first time or nearing retirement. During tax time, prioritize this aspect of your financial plan by engaging with a Certified Financial Planner™ professional.
Financial advisors who work with institutional and governmental retirement plan clients can now leverage Morningstar Retirement’s advisor managed accounts service through Nationwide.
Preparing your taxes? Be proactive and make changes now to optimize 2024 tax year
It’ s the time of year when people start focusing on taxes. Tax forms have appeared in mailboxes and inboxes, and tax preparers are sending reminders to help avoid an April 15 crunch. The contribution maximums have increased for 2024, so you can now put away up to $23,000 per year into a pre-tax employer-sponsored retirement plan.
Let’s help jumpstart educators’ financial strategies
Educators across the nation are focusing on the second half of the school year, and it’s a good time for financial professionals to find ways to help these educators build a sound retirement strategy.
What living to 100 means for Americans’ retirement
More than half (54%) of Americans say it’s their goal to live to 100, according to a new study from Corebridge Financial and The Longevity Project.
Uncertain market conditions and the rising cost of living are significantly impacting female investors and their retirement plans.
