Advisor News

That's why it's important for business owners to begin thinking about how Social Security fits into their retirement planning. Social Security benefits are part of the retirement plan of almost every American worker– including business owners. Our publication, If you are self-employed, at www.ssa.gov/pubs/EN-05-10022. pdf, provides important…

—Deutsche Bank viewed Donald Trump as a“ whale” of a client, was eager to land him and eagerly cultivated a relationship that grew from $13,000 worth of revenue to $6 million in two years, according to documents presented Wednesday at the former president's civil fraud trial. “We are whale hunting,” then-bank managing director Rosemary Vrablic wrote colleagues in…

It's the season of the year when thoughts turn to charitable gifts and IRA required minimum distributions. With deference to turkeys, this is a classic case of being able to kill two birds with one stone! You know you must take an required minimum distribution before year-end from all retirement accounts, once you have reached age 73.

I'm interested in contributing to a health savings account to help boost my retirement savings but would like to better understand how they work. To qualify, you must have a health insurance policy with a deductible of at least $1,500 for an individual or $3,000 for a family in 2023. In 2024, the deductible rises to $1,600/ individual or $3,200/ family.

When you stop working for a living and have to rely on your savings to fund your retirement, it can be stressful. Social Security is a cornerstone of working Americans' financial plans, so it's important to get it right. Social Security offers a reliable stream of income that you can't outlive, but you'll need to consider the best way to file and how you can max out…

His forecast in September 2022 that 10- year Treasury yields could rise to 5%, leading to "mortgages at 8.00%" proved prescient. In October, the 10- year Treasury and mortgage rates both reached his 5% and 8% targets, causing home buying to stall. The Federal Reserve has a dual mandate to enact policies that keep inflation and unemployment low.

With fraud increasing in complexity, frequency and deception, it's natural to be concerned for the privacy and financial security of the loved ones in your life. Here are seven steps to help protect your loved ones' financial lives:. Educate your loved ones about common types of fraud.

Nov. 21— A once-prominent Buffalo businessman who was the main defendant in a multimillion-dollar securities fraud case, accused of cheating nearly 100 investors, has died. Pastor, 52, who tried a decade ago to purchase a National Hockey League franchise, "died suddenly" in his New Jersey home on March 25, prosecutors recently disclosed in a document filed in…

The landscape of retirement planning presents unique challenges for women. Due to longer life expectancies, intermittent career patterns due to caregiving responsibilities and the persistent wage gap, women must approach retirement planning with strategies tailored to their specific financial and lifestyle needs. This article delves into the various…

He also committed wire fraud in February 2016 related to his business River Studios, a VR company that did content for music acts such as Beyonce, Bjork, Coldplay and sports teams such as the Denver Broncos and Sacramento Kings. With River Studios, Rothenberg would transfer large portions of proceeds and put them in various bank accounts. Rothenberg would often…

NEW YORK- Wall Street drifted through a mixed Monday to open a week that could bring more action to financial markets, with several big reports on the calendar. The market was coming off a week with relatively few reports to give hints on Wall Street's central questions: When will the Federal Reserve halt its hikes to interest rates and begin cutting them, and can…

"I think they will remain leaders next year," said David Kostin, chief U.S. equity strategist at Goldman Sachs. Experts are turning more bullish on the economy and the stock market for next year amid a widespread belief that the Federal Reserve has finished raising interest rates. Consumer prices rose 3.2% in the 12 months through October, and the Fed has boosted…

If you've invested in an IRA for many decades, it may well turn into a key source of income for your retirement. Still, you might not deplete your IRA in your lifetime, especially if you also have a pension or a 401 and other investment income. Inheritors of Roth IRAs are also required to follow the 10- year distribution rule but are not subject to income taxes on…