If oil prices were headed higher, one needed exposure to oil services. If production was on the rise in North America, one wanted to be in Halliburton. If production was rising more quickly globally, then Schlumberger was the obvious choice.
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.
Many retirees plan to earn extra income to supplement their retirement spending. But how much can a retired person earn without paying taxes? The answer to this question varies based on your situation. Understanding the tax rules surrounding retiree income can … Continue reading → The post How Much Can a Retired Person Earn Without Paying Taxes? appeared first on SmartAsset Blog.
I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a $220,000 mortgage on a home valued at $550,000. I would like to retire at 62 […] The post Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
Nvidia shares could soon plunge just like 17th-century tulips and 1990s dot-com companies did, according to Rebellion Research.
Is it wise to start converting my 401(k) into an IRA (and then Roth) by 10% per year in order to avoid having to claim too much income each year when converting and also avoid RMDs as much as I can? -Cathy It's definitely smart to be thinking about this, Cathy. Systematic Roth conversions like […] The post Ask an Advisor: Is it Wise to Convert 10% of My 401(k) into a Roth IRA Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.
(Bloomberg) -- What determines the price of gold? For much of the past decade the answer was easy: the price of money. The lower rates fell, the higher gold climbed, and vice versa.Most Read from BloombergChinese Gold Buying Is Driving a Paradigm Shift in BullionWells Fargo Preps for Wealth Battle After $1 Billion TurnaroundUS to Keep a Distance From India-Canada Dispute, Signum’s Myers SaysBond Market Faces Quandary After Fed Signals It’s Almost DoneRaw Meat-Eating Liver King And Other Health I
Too many consumers settle for savings accounts that pay almost no interest. High-yield alternatives aren't hard to find.
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.
Cash investments are seeing some of the largest yields in more than decade.
Practice over pedigree is the new normal. College students have gotten the hint.
As US debt explodes, net interest payments are projected to become the single biggest expenditure by 2051, even topping Social Security.
The Federal Reserve sees consumer spending as too hot only because it's looking through the rearview mirror. The road ahead looks bumpy.
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.
Imagine awakening to the gentle sound of waves washing up on a pristine beach, steps away from your luxury villa. You enjoy a gourmet breakfast while planning your day, debating between taking a tranquil boat trip or enjoying a private tour of a renowned local museum. All of these are made possible because you’ve amassed […] The post What a Retirement Lifestyle With $20 Million Looks Like appeared first on SmartReads by SmartAsset.
Looking for a new or used ride doesn’t have to be stressful. Pros share advice on taking the plunge.
Is it a viable plan to use my 401(k) for the eight years between retirement (age 62) and the max payout age for Social Security (age 70)? I have about $750,000 and I’m planning to take about $1,700 per month. I already have a pension of about $1,500 per month. –Lynne Waiting to file for […] The post Ask an Advisor: Should I Delay Social Security and Rely on My 401(k) for 8 Years? I Have $750k in Savings and a Pension appeared first on SmartReads by SmartAsset.
Dozens of ships arrive each week in the Milford Haven Waterway, many bearing vast cargoes of crude oil and natural gas.
Rising oil prices are, generally speaking, wonderful for companies that pump it out of the ground. After spending most of this year below the $90/barrel mark, the global benchmark Brent price edged above that threshold in early September after Saudi Arabia and Russia said they would extend voluntary oil production cuts through the end of the year. While shares of oil and gas producers mostly moved in lockstep with the price of oil over the past year, that relationship has tellingly broken down.
One way to accomplish that might be to live in a state with no income tax. At present, seven states—Alaska, Florida, Nevada, South Dakota, Tennessee, Texas, and Wyoming—levy no state income tax at all. In addition, Washington levies an income tax on investment income and capital gains, but it is only for certain high earners.
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.
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