Thianchai Sitthikongsak | Moment | Getty Images The stock market’s roller-coaster ride isn’t inspiring confidence in investors. Still, a small portion do plan to take advantage of recent price dips. About 18% of Americans are willing to put more money into stock market investments this year, including retirement accounts, according to a recent survey from Bankrate. The online survey polled …
A woman pushes a shopping cart through the grocery aisle at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. Jim Watson | AFP | Getty Images It appears emergency savings are another casualty of high inflation. About one-third of adults are contributing less to their emergency funds so …
Drakula & Co. | Moment | Getty Images When it comes to retirement planning, earlier is generally better, but several factors affect how much young women are saving, according to financial experts. For retirement planning purposes, the demographic termed “younger women” may include Gen Zers, millennials and some Gen Xers with 20 years or more before leaving the workforce, said …
It seemed like everyone was in a buying mood on Friday, except Elon Musk. The Dow Jones Industrial Average broke a six-day losing streak, the Nasdaq Composite turned in its second positive session in a row, and the S&P 500 was up over 2%, a small step back from the brink of a bear market, ending the week 16.50% off …
Chris Ryan | Getty Images I bonds have surged in popularity as riskier assets slip. The bonds are backed by the federal government, the principal doesn’t lose value and the bonds earn monthly interest through two parts, a fixed rate and a variable rate. Currently, the variable component will pay a record 9.62% annual rate through October, the U.S. Department …
FG Trade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and recession is part of the cycle that we may be facing,” said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts. However, since no one …
Many parents intend to teach their children to have a healthy relationship with money but end up falling short — even though a majority say personal finance lessons are best taught at home. Some 83% of adults say parents should teach their kids about personal finances, according to a CNBC + Acorns Invest in You survey. Even though they think they …
Golibtolibov | Istock | Getty Images Taxing the wealthy is a big topic in Washington these days. President Joe Biden recently proposed in his 2023 annual budget a so-called billionaire minimum income tax that would increase levies on the country’s wealthiest households. Under the plan, people with a net worth of $100 million or more would face a 20% tax …
Some investors may soon be able to add cryptocurrencies to their 401(k) accounts. Fidelity Investments announced Tuesday it will begin allowing investors to put cryptocurrencies such as bitcoin in 401(k) retirement accounts, making it the first provider to do so. The offering will be available midyear for the 23,000 companies that use Fidelity for their retirement accounts. (Of course, your …
The Gray Bee Investors researching potential investments during a recent meeting. Mike Scanlan There’s real money on the line for the investing club at St. Benedict’s Preparatory School in Newark, New Jersey. This year, the Gray Bee Investors club — made up of about 15 high school students — is helping make investing decisions for the Grossman Family Student Investment …
