Yahoo Finance Plus The Federal Reserve approved a third-consecutive 0.75 percentage point rise Wednesday. Chairman Jerome Powell said he anticipates that interest-rate increases will continue as the Fed fights high inflation. Photo: Kevin Lamarque/Reuters
A House panel has passed a bill that would temporarily expand the standard tax deduction used by the majority of taxpayers by $2,000 per person for the next two years. The Tax Cuts for Working Families Act (H.R.3936) recently approved by … Continue reading → The post Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000 appeared first on SmartAsset Blog.
An individual can protect their assets from Medicaid, including their home, by placing them into a trust. Essentially, the assets become owned by the trust and not by the individual. This mechanism can decrease the individual’s asset count for Medicaid eligibility, presenting a way to potentially conserve wealth and secure necessary medical care. However, like all […] The post Does Putting Your Home in a Trust Protect It From Medicaid? appeared first on SmartReads by SmartAsset.
The IRS recently announced a major tax enforcement initiative that will increase scrutiny on high-income earners, partnerships and people with foreign bank accounts. The agency said the effort would “restore fairness to [the] tax system” by focusing on wealthy taxpayers who have seen sharp declines in audit rates over the past decade. A financial advisor […] The post The IRS Is Cracking Down on These High-Income Earners. Are You One of Them? appeared first on SmartReads by SmartAsset.
Jim Grant of Grant's Interest Rate Observer believes it will take years to undo the kinks from a decade of ultra-low interest rates.
Buying Twitter was the biggest gamble of Musk's career. Now he — and his empire — are cracking under the pressure.
Payback is hell. In a turn of the tables, job seekers are increasingly ghosting employers. That’s according to a new report by Indeed, the online job search platform.
It’s year-end and Tesla is in the midst of its final push to meet Wall Street expectations for a record quarter. Instead of price cuts, Tesla is using a new tool to move metal: Incentives. Barron’s looked at incentives on Tesla vehicles in inventory.
If you're looking to receive passive income with your investments, there are many ways to do it. While your best choice will depend on certain factors, such as your age and risk tolerance, there are many ways to invest $20,000. … Continue reading → The post How to Invest $20,000 for Passive Income appeared first on SmartAsset Blog.
US oil companies are boosting their budgets, and production forecasts indicate new record highs in output next year.
PSP Investments sold out of its Palantir position, slashed a stake in AT&T, and bought more shares of chip makers Intel and Nvidia.
(Bloomberg) -- The most important question facing the economy and financial markets next year is not whether the Federal Reserve will cut interest rates. It’s why.Most Read from BloombergPenn Leaders Out After Genocide Response, Alumni PressureGlobal Rate-Cut Standoff Looms in 2023 Policy FinaleApps That Use AI to Undress Women in Photos Soaring in UseFed Starts to Confront the Next Big Question: Why to Cut RatesWith inflation having fallen dramatically from multi-decade highs last year, rate re
The share of first-time homebuyers who received down payment gifts or loans from relatives or friends during the homebuying process in 2023 was 23%.
Top stocks to watch this week include AI stocks Nvidia and Snowflake, which are within striking distance of buy points.
The recent surge in interest rates that sent bond yields near a 15-year high is the “single best economic and financial development in 20 years” for retirees, said Joe Davis, global chief economist at Vanguard. With current yields on 10-year U.S. Treasury notes at 4.23%, boomers, ages 59 to 77, have reason to move money into the more conservative investments. This moment presents new opportunities for investors in or near retirement to use bonds to reduce risk and generate steady income, financial advisers say.
As much as $1.2 billion is at stake in a lawsuit filed against Berkshire Hathaway by the Haslam family company Pilot Corp.
Wedbush continues to be impressed by Apple, raising its price target for the iPhone maker from $240 to $250, a second rise in a three-month period.
Can you retire at 65 with $750,000 in a Roth IRA and $1,800 in monthly Social Security? Based on median incomes and the 10x rule, most people will need about $740,000 to finance a secure retirement. So in theory, a $750,000 Roth IRA and $1,800 in Social Security benefits will be enough for many individuals […] The post I Have $750K in a Roth IRA and Will Receive $1,800 Monthly From Social Security. Can I Retire at 65? appeared first on SmartReads by SmartAsset.
Retirement can seem like a faraway goal until all of a sudden, it's not. When you only have a few years left until you retire, the financial decisions you make take on a new importance. Once you're inside the five-year window, that's a good time to review your plan to make sure you're on track. […] The post How to Master the Last 5 Years Before Retirement appeared first on SmartReads CMS - SmartAsset.
The Nasdaq 100 will add DoorDash, MongoDB and four other stocks on Dec. 18. Enphase Energy, Zoom Video are among six stocks exiting.
As millennials and Gen Z-ers inherit an estimated $60 trillion in wealth in the coming decades, these are the brands they may be inclined to spend on.
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