Advisor News

NEW YORK– U.S. stocks rallied to records Wednesday after the Federal Reserve indicated it's likely to deliver the cuts to interest rates this year that Wall Street craves, despite some discouragingly high inflation reports. That's the same number as they had penciled in three months earlier, and expectations for the relief that such cuts would provide are a big…

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.

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.

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…

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.