As Americans save less and plan to put off retirement, they overestimate their ability to keep working into old age, according to studies.
GCG Financial, a full-service financial services firm, announced that it is changing its corporate branding to Alera Group.
A Falls woman has pleaded guilty to stealing from a Buffalo-based investment firm.
Nov. 13— BUFFALO— A Falls woman has pleaded guilty to stealing more than $500,000 from a Buffalo- based investment firm. Jennifer Campbell, 47, of the Falls, entered her plea to a single count of wire fraud during a Wednesday afternoon hearing before U.S. District Court Judge Lawrence Vilardo. In laying out their case against Campbell, before her plea, the prosecutors…
By Panos Leledakis You’ve heard of the metaverse, but do you know what it is? And, to take it one…
JOHNSON CITY, Tenn.- The financially strapped owner of a Bitcoin mine in Limestone— who Washington County is suing— recently procured $2.25 million in promissory note financing as it tries to successfully go public while carrying what is now $60 million in debt and navigating falling Bitcoin prices. It's also an arguably important factor for county…
FTX is a cryptocurrency exchange founded by CEO Sam Bankman-Fried in 2019. The exchange issues its own token, FTT, and was the fourth-largest crypto exchange by volume as of Tuesday.Bankman-Fried also founded a crypto trading firm called Alameda Research; CoinDesk reported on Alameda's troubled balance sheet Nov. 2. Changpeng Zhao, CEO of rival exchange…
Founded in 2019, the Bahamas- based crypto exchange had a meteoric rise to prominence, and was valued at more than US $30 billion earlier this year. First, concerns emerged about links between FTX and an asset-trading firm called Alameda Research, including suggestions that customers’ funds have been transferred from FTX to Alameda. The majority owner of both…
Institutional investors still reeling from the impact of the COVID-19 pandemic know the risks of unlikely but devastating“ black swan” events, but many are ill-prepared for the ones they fear the most, according to a new survey from PGIM, the $1.2 trillion global investment management business of Prudential Financial, Inc.. Shehriyar Antia, Head of Thematic…
This new law’s provisions — along with the forthcoming sunset of the gift tax exemption levels that were part of the 2017 tax reform law — make this an attractive time for high net worth clients to consider making large gifts.
More than half of workers saw wage growth this year that was less than the rate of inflation, according to data from the Federal Reserve Bank of Dallas. The Consumer Price Index, a measure of inflation, increased by 8.2% year-over-year in September, according to the Bureau of Labor Statistics. Inflation and current economic conditions have also made paying off…
According to the Federal Bureau of Investigation, in 2021 there were 92,371 older victims of fraud resulting in $1.7 billion in losses. Government imposter scams: These are fraudulent telephone calls from people claiming to be from the Internal Revenue Service, Social Security Administration or Medicare. Or they may say your Social Security or Medicare…
On Nov. 7, a Powerball ticket sold in California finally matched all six numbers drawn by the lottery after 41 days without a winner. Many people on social media also asked if California would get the tax money from the Powerball winnings. Do states get tax money from Powerball winnings?
About 8 in 10 respondents to a recent study said they are taking steps to pass on wealth to their heirs, but are not discussing their plans with heirs – in some cases, in order to avoid any conflict such plans may evoke.
By Emma Cramm Daily, financial planners answer their clients’ heart-wrenching question: “Am I on track?” The answer requires quantitative data…
As inflation continues to pose challenges for American adults’ financial strategies, New York Life’s latest Wealth Watch survey has found that people are coping by adjusting debt management and investment strategies, although the financial guidance informing these strategy adjustments varies by generational cohort.
If you receive Social Security, you've probably already heard that your checks in 2023 will be bigger– considerably bigger, in fact. Here's what's happening: For 2023, there's an 8.7% cost-of-living adjustment for Social Security benefits, the largest increase in 40 years. Also, the monthly Medicare Part B premiums are declining next year, to $164.90/ month from…
Rice University issued the following news release:. State-sponsored retirement plans could help workers save more and help retirees rely less on social services– as long as the cost-effectiveness of such plans aren't bogged down by fees– according to a new report from Rice University's Baker Institute for Public Policy. A Federal Reserve study last year…
A few investors always become fearful of an economic Armageddon if what they view as the "wrong" presidential candidate wins or the "wrong" party takes control of Congress. Some believed if the Republicans flipped the Senate and House, that would cause the economy and stock markets to crater. Others believed if the Democrats retained control of Congress, that…
