Advisor News

The woke firm run by woke CEO Larry Fink is finally facing some much-needed fire. That makes Fink the guy who holds the fate of $10 trillion worth of investments in his hand— and the guy the governments of the world, including in America, as well as the financiers and bankers of the world, including the Federal Reserve, go to for just about all money-making decisions.

All but the wealthiest retirees or those with minimal spending needs require a strategy that will increase the likelihood of their nest egg outliving them. In general, every retiree wants a comfortable lifestyle and no worries about running out of money. Recent indications from the Federal Reserve suggest interest rates that are now in the 3-4% range will…

In a recent survey from Ameriprise Financial, more than three out of four Americans said they have taken at least one step to build generational wealth, but what exactly constitutes "generational wealth"— and how can you achieve it? The most common answer, according to survey respondents, is wealth in excess of $500,000 that's passed down to loved ones.

Nov. 30— ROCHESTER— A Wisconsin real estate investor, who often buys and sells multi-million dollar properties in the Rochester area, is facing three federal charges of bank fraud. On Nov. 17, Matthew Thomas Onofrio, 31, was indicted by a grand jury and charged by the U.S. Attorney's Office with three counts of bank fraud involving Minnesota properties in St. Cloud,…

A: For 2023, the annual gift-tax exclusion will increase from $16,000 to $17,000. The lifetime estate exclusion will be $12.12 million for individuals and $24.24 million for couples. A: The standard deduction for 2022 is $12,950 and $25,900.

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between…

The Labor Department approved the rule last week, just two days before the Thanksgiving break. Labor Department officials said the Trump administration rules“ unnecessarily restrained” fiduciaries’ ability to weigh ESG factors when choosing 401 investments. “A final rule is necessary to reverse the rule’ s chilling effect on the integration of ESG factors…

The central economic debate in the United States right now is how aggressive the Federal Reserve should be in its effort to reduce inflation. Few economists are arguing against the need for higher interest rates to reduce demand, but there are tradeoffs, at least in the near term. Also, there's a question of where to stop: Even some economists who have been…

The Treasury secretary praised banking regulators for having been careful when it came to cryptocurrencies. U.S. job openings dropped in October but remained high, a sign that businesses became slightly less desperate for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in…

Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in 2022, citing inflation risks and global conflict. “There are still really amazing opportunities out there, but I think it really requires small-business owners to think about what their goals and their plans are,” says Alyssa Dangler, a…

On Nov. 17, Matthew Thomas Onofrio, 31, was indicted by a grand jury and charged by the U.S. Attorney's Office with three counts of bank fraud involving Minnesota properties in St. Cloud, Sauk Centre and Elk River. The bank that he is accused of defrauding is MidCountry Bank in Bloomington, Minn., whose deposits were insured by the Federal Deposit Insurance Corp….

It seems like such good news- Social Security benefits are going up 8.7% next year, thanks to inflation. That's because tax rates on Social Security benefits are not changing with inflation. Taxing Social Security benefits began in 1984 as part of a sweeping reform of the system.

MARSHALL COUNTY, Ala.– A Florida couple has been arrested for financial exploitation of the elderly, as well as securities law violation. According to a release from Marshall County district attorney Clark E. Johnson, III, and Joesph Borg, director of the Alabama Securities Commission, two people have been arrested for exploiting an elderly Alabama couple in 2018.

The IRS said taxpayers who take the standard deduction instead of itemizing their taxes will no longer be able to deduct their charitable contributions. For those claiming the Earned Income Tax Credit or the Additional Child Tax Credit, the IRS said it can not issue those returns until mid-February because the law requires it to hold the entire refund in an…

However, an investigation revealed that“ although Jardine and D&A withheld employees’ federal income and FICA taxes over multiple tax periods between 2016 and 2019 and reported those withholdings to the IRS, they failed to pay over the withheld amounts, totaling approximately $868,000,” the statement said. Jardine told the IRS that the company could not pay, but…