When looking back on 2022, most Americans see room for improvement in their overall financial wellness and say they are likely to set financial goals this year, according to two recent studies.
Use the new year to focus on things you can do right now to strengthen your retirement plan. Building up an adequate nest egg for retirement is difficult. One reason it's so challenging is we face a lot of distractions along the way.
Jan. 15— The federal government spending package included changes to how many Americans save for retirement. Cody Vaughn is a certified financial planner and a St. Joseph financial adviser with Thrivent. "That gives an opportunity for individuals in our community to save money for a longer period of time before being required by the IRS to pull money out of their…
Looking back at 2022 investors faced new headwinds including high inflation and Russia's invasion of Ukraine disrupting global markets. A recession is likely in the United States, but higher interest rates will rein in inflation. The Federal Reserve's Federal Open Market Committee has been moving towards a "neutral" policy rate, around 2.5%, to find a point…
NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments. Credit card and other variable-rate debt is getting more expensive as the Federal Reserve raises short-term interest rates to combat inflation. The IRS raised the standard deduction, which is…
NEW YORK- Wall Street closed higher Thursday after a report showed inflation slowed again last month, bolstering hopes the Federal Reserve may take it easier on the economy through smaller hikes to interest rates. While the report on U.S. inflation was clearly encouraging, stocks had already rallied earlier this week in anticipation of exactly such data.
CLAIM: The IRS would collect nearly $850 million in taxes from a more-than $1 billion Mega Millions jackpot. THE FACTS: The winner of the lottery jackpot that sat at $1.1 billion earlier this week, when the claims circulated, would expect to pay at least $135 million in federal income taxes if they choose to receive their earnings all at once, rather than over 30…
DALLAS, Jan. 11, 2023/ PRNewswire/– Integrity Marketing Group, LLC, a leading distributor of life and health insurance, and provider of wealth management and retirement planning solutions, today announced the closing of its acquisition of Gladstone Wealth Partners, LLC, a leading wealth management firm offering registered independent advisor and…
The Conference Board survey also found that most executives don’t think stronger economic growth will return anytime soon.
While flexibility is a top driver, ethical concerns with corporations figure in gig workers’ choices.
Even though 69% of private industry workers had access to workplace retirement benefits, only 52% participated in them, according to a report by the Department of Labor. "When retirement is a decade or more away, it's easy for individuals to forget to make time to set up their 401 plan," General Manager for Betterment at Work Kristen Carlisle said.
Federal Reserve Chairman Jerome Powell said nothing about rate hikes during a speech in Stockholm Tuesday. Federal Reserve Chairman Jerome Powell's decision to sidestep the issue of inflation and rate hikes during a central banking conference in Stockholm this week, as markets bet against his previous hawkish signals, may prove as pivotal as his late…
Nearly 40 years after developing the Life Underwriter Training Council Fellow designation, the National Association of Insurance and Financial Advisors will launch a new LUTCF program by mid-year.
A 42- year-old Worcester-based investment advisor who pleaded guilty to defrauding and stealing more than $2.8 million from his clients is expected to be sentenced Wednesday in Boston Federal Court. On Sept. 8, 2022, James Kenneth Couture, 42, of Sutton, pleaded guilty to four counts of wire fraud, four counts of aggravated identity theft, one count of…
Nearly one-third (32%) had to withdraw some of their retirement savings in 2022 in order to keep up with the rising costs of living.
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…
What steps need to be taken after a loved one dies? My 71- year-old uncle, who' s divorced with no children, has terminal cancer. For starters, find out where he keeps all his important papers like his trust and/or will, birth certificate, Social Security information, life-insurance policies, military discharge papers, financial documents, key or combination to a…
SECURE 2.0 contains a number of provisions that advisors who work with wealthy clients need to know.
Rebecca Bush started her home search in January of 2020.. Home values increased nearly 20 percent across the U.S. between September 2020 and September 2021, according to Real Estate Witch. Then came inflation and the Federal Reserve's attempt to combat it, which pushed some interest rates on mortgages to above 7 percent.
Simplifying finances, getting more involved, and consolidating for better planning, are the top three reasons U.S. consumers move their money between financial-services companies, according to a recent study.
