Grantham opined about his experience driving a Tesla, the biggest bubble in world history, and why real estate is in a global bubble.
Part of retirement planning includes determining how much to save and invest so you can enjoy the type of lifestyle you desire. Setting your savings target by age can be a good way to organize your strategy and gauge how … Continue reading → The post How Much Does the Average 70-Year-Old Have in Savings? appeared first on SmartAsset Blog.
In 2020, billionaire investor Ray Dalio famously claimed that "cash is trash." He later elaborated that cash is not safe because "it will be taxed by inflation." But as time passed, Dalio's view on cash has made a U-turn. "Temporarily, right now, cash I think is good ... and the interest rates are fine. I don't think it will be sustained that way," he said at the Milken Institute Asia Summit in Singapore last week. In the U.S., the Federal Reserve has implemented significant interest rate hikes
Generally, only very low-income taxpayers escape the Social Security tax altogether. Eleven states do tax Social Security benefits. One more state, Colorado, taxes only Social Security benefits received by residents under age 65.
In a big shift, anyone who took in more than $600 a year from reselling tickets could be in for a tax surprise.
Berkshire Hathaway (BRK/A, BRK/B) now owns 110.6 million shares of the maker of personal computers and printers, a stake worth $3 billion. Berkshire accumulated the stake in HP in early 2022 and the sales last week were the first since the company finished buying the stock in April 2022. The recent sales could be a sign that Berkshire CEO Warren Buffett, who oversees the company’s roughly $350 billion equity portfolio, plans to continue reducing the HP stake.
The U.S. stock market has seen robust growth in 2023, with the S&P 500 Index surging by 16%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business's Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from 5½% to 9½% and continue to go up." The U.S. Federal Reserve has implemented aggressive interest rate hikes to combat rampant
UPS is leveraging artificial intelligence to prevent "porch pirates" from stealing consumers' packages after they are delivered and recommend the best options for successful deliveries.
Friday's bounce fizzled, capping a grim week, with the S&P 500 hitting three-month lows. Tesla is close to breaking, but there are some stocks trying to hold up.
If China Evergrande can’t strike a new deal with creditors, the property giant will risk a liquidation.
Long-term care for seniors is one of the biggest gaps in America's safety net. For many of us, as we get older we will require longer and better care. In some cases, this can mean a health aide or other … Continue reading → The post How to Protect Your Parents' Assets From Nursing Homes appeared first on SmartAsset Blog.
Warnings signs flashed that it was time to sell these IBD 50 stocks. Did you spot them in time to lock in your profits?
Practice over pedigree is the new normal. College students have gotten the hint.
The years of ultralow interest rates nurtured a variety of wacky investment ideas. That’s over now. Here’s our guide to some ordinary investments at agreeable prices.
Walt Disney hosted a parks-focused analyst meeting at Walt Disney World, where speakers included CEO Bob Iger, Disney Parks, Experiences and Products Chairman Josh D’Amaro, and ESPN Chairman Jimmy Pitaro, as well as a number of other executives. On the stock, we have found investors mostly on the sidelines this year as the company works to define its strategic future, but like shares at this level and expect in the next six to 12 months that major questions around Hulu, an ESPN investment, and a linear sale (or not) will be answered, which should give investors more confidence in long-term value creation at the company.
The 10-year Treasury yield just breached 4.50%. Some market strategists see yields north of 5% coming into view.
"Bond King" Bill Gross underscored inflation and an increasing national deficit as reasons for his bearishness on fixed-income assets.
If $1 million was once the consensus target for retirement savings in the U.S., that appears to be changing. A recent Schwab Retirement Plan Services survey found that 401(k) plan participants across the country now believe they must save $1.9 … Continue reading → The post 401(k) Plan Participants Say They Need to Save This Much to Retire appeared first on SmartAsset Blog.
As it rolls toward downtown San Francisco, the California Street cable car passes the gothic Grace Cathedral and an 8-foot tall statue of Tony Bennett. Among them is 650 California Street, a 34-story office building that has defaulted on its mortgage. Further on is 101 California, whose second-biggest tenant left last year and whose biggest is slashing staff and office space.
Time is running out for U.S. lawmakers to avoid a government shutdown. Here's how that could affect Social Security recipients.