The Federal Reserve announced March 20 that it was holding its key lending rate, the Federal Funds Rate, at current levels and suggested it will be cutting rates soon. Here are the five biggest takeaways from the decision announcement and the news conference Chairman Jerome Powell held after the announcement. Why it's important: The fed funds rate is the…
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.
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, âRacial 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 Incomeâ commonly referred to as SSIâ theyâ ll lose about $300 in combined income monthly if they get married due to the resource limits that the National Council on Disability calls theâ marriage penalty.â 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 Januaryâ 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-Friedâ s plea for…
Women who are in high tax brackets tend to be busy professionals who donât have the time to manage their money or plan for their financial future. So they turn to someone like Samantha Holowka for help.
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.
Research identifies three financial behaviors to help women of all ages and income levels reduce their financial stress.
Estate planning and life insurance are not just for the ultra-wealthy.
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 Plannerâą professional.
Financial advisors who work with institutional and governmental retirement plan clients can now leverage Morningstar Retirementâs advisor managed accounts service through Nationwide.
Itâ 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.
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.
