Are spouses who have not worked outside the home eligible for Medicare benefits? I have worked most of my adult life, but my wife has been a mother and homemaker since we got married and hasn't held an income-producing job since she was in college. Will she be eligible for Medicare?
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Most Americans considering a financial resolution for 2024
Faced with stress over personal finances, most Americans surveyed say they are planning New Year’s resolutions to conquer their financial goals.
4% is a safe starting withdrawal rate for retirees, research finds
The surge in the withdrawal rate is attributed to higher fixed-income yields and a reduced long-term inflation estimate.
What’s in store for the markets and economy in 2024?
Three financial-services firms – Citi Global Wealth, Bank of America, and JP Morgan – offer their financial outlooks for 2024.
REBECCA WALSER: I would say that it can go one of two ways. Really we could continue kind of a 2023 pattern with the Federal Reserve attempting that soft landing. CALLIE COX: Well, first of all, I have to give props to the economy.
Dec. 27— Social Security has been in existence since the signing of the Social Security Act on Aug. 14, 1935, and the first lump-sum payments were made that same month, with ongoing payments starting in January 1940. "That is full retirement age, and if a person decides to wait until age 72, it doesn't affect your Social Security that much. A person can start receiving…
The IRS released 2024 contribution limits; here’s why you should care
The Internal Revenue Service puts limits on the amount of money workers can contribute to Investment Retirement Accounts, Roth IRAs, 401 s and other types of retirement accounts because each of these have built-in tax advantages that could allow higher-paid workers to avoid, or defer, larger tax bills. $23,000 for 401, 403 and most 457 Plans.
The Washington Future Fund would create a trust fund program for the roughly 40,000 children born each year under the state's Medicaid program, Apple Health. Along with four-year colleges, Future Fund recipients could use their money to pay for community college and apprenticeship programs. "The Future Fund is so critical in that initial ability to even…
A Winston-Salem businessman has pleaded guilty to securities fraud and conspiracy to commit securities fraud involving a New Jersey delicatessen and two publicly-traded companies, according to a Dec. 20 news release from the U.S. Attorney's Office for the District of New Jersey. U.S. Attorney Philip Sellinger said James Patten, 64, has admitted to…
Bristol Myers Squibb helped lift the market and rose 2% after it said it will buy Karuna Therapeutics in a cash deal valued at a total of $14 billion. The athletic giant cited weakness in China, the downsides of a stronger U.S. dollar for exporters and other challenges. They've been easing on hopes that inflation has cooled enough for the Federal Reserve to cut…
A tech-savvy New Year’s resolution guide for financial wizards of 2024
Embrace your inner financial superhero and get ready to soar through 2024 with these tech-tastic New Year’s resolutions.
Tom Campbell: Senior population growing with no plan to deal with their needs
As we prepare to turn the page on another year, we are reminded we are a year older. North Carolina, like most states, is unprepared to deal with these numbers or their needs. Even with a 401, IRA, some type of pension or Social Security they worry about how they can afford to live into their 80 s or 90 s.
For many retirees there is a "sweet spot" generally between the age when they retire and the age when they must take required minimum distributions. Investors usually begin Social Security benefits once they retire and no longer have any earned income. Roughly 40 percent of those receiving Social Security benefits end up owing federal income taxes on their…
A Perry Hall man pled guilty in Maryland's U.S. District Court Tuesday to stealing approximately $1 million from an elderly client's retirement account, the U.S. Attorney's Office for the District of Maryland said. Blizzard's fraudulent practices resulted in about $1 million in losses for R.M., the plea documents state. "This defendant perpetrated a heartless…
It's been a rough couple of years, economically speaking, as consumers and businesses accustomed to years of essentially free money, courtesy of the Federal Reserve, had to adjust on the fly to the sudden spike in interest rates. The Fed appears poised to provide relief in the new year. Rates on 10- year Treasury bonds now are 3.9 percent, down from 4.9 percent less…
–Aon plc, a leading global professional services firm, today announced the signing of a definitive agreement to acquire NFP, a leading middle market property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, from funds affiliated with NFP's main capital sponsor, Madison Dearborn Partners, and funds affiliated with HPS…
Study finds young investors acting on online financial misinformation
As investors become inundated with financial advice on social media, misguided advice from unqualified sources has become more prevalent.
PGIM, 1 the $1.2 trillion global investment management business of Prudential Financial, Inc., has launched four actively managed exchange-traded funds— the PGIM Jennison International Opportunities ETF, PGIM Jennison Better Future ETF, PGIM Jennison Focused Mid-Cap ETF, and the PGIM Short Duration High Yield ETF. Stuart Parker, President and CEO, PGIM…
The Securities and Exchange Commission today announced charges against Mmobuosi Odogwu Banye a/k/a Dozy Mmobuosi and three affiliated U.S.- based entities of which he is the CEO-Tingo Group Inc., Agri-Fintech Holdings Inc., and Tingo International Holdings Inc.- in connection with an alleged multi-year scheme to inflate the financial performance…
With inflation sky high this past year, the Federal Reserve has steadily increased interest rates, with rates now at a 22- year high. Higher interest rates have made the cost of borrowing money rise, but at the same time has made saving money a strong investment. But you have to be proactive to get the benefits of the current rates.
