Advisor News

Medicare premiums are based on your taxable income from two years prior and increase when you move from a lower income bracket to a higher one.Fortunately, there are several tax breaks that can help older Americans reduce their taxable income and the amount they fork over to Uncle Sam every year.“ Congress and the states have made the decision to make these tax…

March 2024 is making investors nervous. The red letter day is March 11, when US central bank the Federal Reserve will end the bank term funding program, a year after it began in response to the failures of regional banks Signature, Silvergate and Silicon Valley. There soon followed the failures of Signature and also Swiss bank Credit Suisse, which had to be taken…

The office of the U.S. Attorney for the Eastern District of Virginia issued the following news release:. A foreign national formerly of Henrico was sentenced today to two years in prison after engaging in a $3.1 million insider trading scheme. Huang personally made over $1.4 million in profits, while the overall conspiracy made more than $3.1 million.

Now, even as the risk of additional bank failures looms, this legislation languishes before the full Senate. Congress has apparently forgotten the disruptions caused by last year's failures and the tens of billions of losses for the FDIC. The executives failed to effectively hedge that risk, while also relying heavily on unstable, uninsured deposits which…

A barred investment broker from Glen Cove pleaded guilty to grand larceny and other fraud charges on Feb. 9th after defrauding investors with a half-million dollar stock scheme, deceiving them to believe they were purchasing pre-IPO stock for well-known companies, according to the Nassau County District Attorney's Office. Peter Quartararo, 57, pleaded…

Truist Financial Corp. is selling its stake in Truist Insurance Holdings, a subsidiary of Truist and the fifth largest insurance brokerage in the U.S., for $15.5 billion, the Charlotte-based bank said Tuesday. The sale— expected to close in the second quarter of this year— is to an investor group led by private equity firms Stone Point Capital and Clayton, Dubilier&…

Credit card debt is clearly causing restless nights after many consumers simply attacked higher prices for gas, groceries, and other goods by pulling out the plastic. A record $1.13 trillion in debt ended up on credit card balances during the fourth quarter of 2023, according to the latest report on household debt from the Federal Reserve Bank of New York.

Digital World Acquisition Corp. announced the approval of the merger between Digital World and Trump Media& Technology Group. We are excited to soon share the news of the Business Combination's approval process with them,” Eric Swider, CEO of Digital World, said in a statement on Wednesday. The SEC said Digital World violated anti-fraud laws in July by not…

Brad Rhodes: Buy guarantees, not promises. Published 12:00 am Sunday, February 18, 2024. The famous investor, Warren Buffett, put it in perspective when he said this about the insurance business.

One of your important sources of retirement income will likely be Social Security— but when should you start taking it? You can start collecting Social Security benefits at 62, but your checks will be considerably bigger if you wait until your full retirement age, which is likely between 66 and 67. However, if you have adequate financial resources to meet your…

While reading a list of business headlines, the following captured my interest: "I am 52 years old planning for retirement. Should I open a Roth IRA or open an index fund or exchange-traded fund? " If you put $5,000 into your traditional IRA, your income for the year contributed is reduced by $5,000 for that tax year.