Daniel Acker | Bloomberg | Getty Images With high inflation and rising interest rates fueling speculation that a recession is on the horizon, it may come as no surprise that financial advisors are hearing these concerns from their clients. Year-over-year inflation eased a bit in August to 8.3% from 8.5% in July, but it remains
The tens of millions of Americans who’ve been celebrating news of student loan forgiveness are now stuck in limbo as Republicans mount legal challenges to the Biden administration’s plan. In August, President Joe Biden announced that most federal student loan borrowers will be eligible for some forgiveness: up to $10,000 if they didn’t receive a Pell Grant,
Hurricane Ian reminds us that the question of how to best prepare for the risks of where we live in retirement is even more important than planning for how much retirement will cost. Planning and living in retirement requires anticipating and managing risk. Markets rise and fall requiring us to adjust investment strategies, spending habits
Day and swing traders inevitably trigger many wash sale loss adjustments (WS) amounting to tens or hundreds of thousands of dollars. Take a loss on a security, repurchase it within 30 days (after or before), and that creates a WS loss. A WS reduces the cost basis on the position sold and adds the WS
US actor Will Smith accepts the award for Best Actor in a Leading Role for “King Richard” onstage during the 94th Oscars at the Dolby Theatre in Hollywood, California on March 27, 2022. Robyn Beck | Afp | Getty Images Will Smith’s upcoming film “Emancipation” will be released in theaters on Dec. 2 and on
Rivian electric pickup trucks sit in a parking lot at a Rivian service center on May 09, 2022 in South San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after hours. Rivian — Shares of the electric vehicle maker increased 2.7% after announcing after the bell that production met expectations
Portra | E+ | Getty Images If you’re retired and haven’t made the necessary quarterly estimated tax payments for 2022, there may still be time to avoid late penalties, experts say. Retirees must send tax payments four times per year if they don’t withhold enough from Social Security, pensions, investments or other sources of income.
Alexi Rosenfeld | Getty Images A more generous child tax credit provided qualifying parents with up to $3,600 per child last year. There’s good news for families who missed out on some or all of those payments: It’s not too late to file for the money. But to use a simplified tool — GetCTC.org —
Hurricane Ian is shaping up to be the costliest Florida hurricane since Andrew in 1992. Wind and storm surge damage in the state are estimated between $28 billion and $47 billion dollars, according to a Sept. 29 estimate from CoreLogic. With that level of destruction, property owners are advised to make any claims to insurance
Share to Facebook Share to Twitter Share to Linkedin Concerns about the financial health of Swiss banking giant Credit Suisse over the weekend have led to fresh market fears of another meltdown similar to Lehman Brothers’ collapse in 2008. Rumors abound that Credit Suisse’s capital position is at great risk, with shares plunging to new
Many employers and for profit companies are willing and able to provide financial assistance and services to those who have been harmed or dislocated by hurricane Ian. The Federal Tax Code and IRS Regulations and IRS Guidance provide ways to make these payments tax deductible without the recipients having to pay income tax on what
This home in Breckenridge, Colorado, takes log cabin living up a notch or two. So far up, in fact, that the house straddles a year-round creek, which flows under the primary bedroom. Anyone using the room will not soon forget the creek is there. Two large windows in the floor, two more on either side
Kim Kardashian’s crypto misadventure has landed her in hot water with federal regulators. The reality TV superstar and influencer has settled Securities and Exchange Commission charges that she failed to disclose a payment she received for touting a crypto asset on her Instagram feed, the agency announced Monday morning. “This case is a reminder that,
In this article OXY COP FANG HAL DVN APA MRO SWK FLR IDCC LOGC FRPT BOX WFC MYOV LTHM VSAT RBLX PTON TSLA CS CSG.N-CH Follow your favorite stocksCREATE FREE ACCOUNT A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check
A multi-tiered sundeck connects the main house on the right to a poolside structure on the left both overlook a 75-foot lap pool. Nate Polta A modern residence just outside of Denver listed Monday for $28,888,888, which makes it the most expensive home for sale in the metro area. According to co-listing agent Jared Blank,
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2022. Brendan McDermid | Reuters Am I becoming rueful that 2022 will end soon, and we will embark on the unknowns of 2023? Are you joking? The market is more skittish than my dogs in a thunderstorm
Hero Images | Hero Images | Getty Images If you’re feeling deflated by high inflation and stock market losses, there’s still time to end 2022 on a positive financial note. Whether you’re sitting on losses, eager to take gains or eyeing gifts to charity, here are three real-life examples of financial advisors helping clients trim
Kim Kardashian’s crypto settlement could be a lesson for us all. The reality TV superstar agreed to pay $1.26 million to settle charges with the Securities and Exchange Commission for failing to disclose she got paid to publish a post on Instagram about EthereumMax’s crypto asset, the agency announced Monday. “Clearly the SEC is making an
With much of the optimism of the past decade wrung out of the housing market, I have been fielding a lot of questions about what to do with an existing home. Should you still try and sell now? Or perhaps rent it out? As a comprehensive financial planner, I strive to guide my clients to
An aerial picture taken on September 30, 2022 shows the only access to the Matlacha neighborhood destroyed in the aftermath of Hurricane Ian in Fort Myers, Florida. Ricardo Arduengo | AFP | Getty Images Search and rescue efforts are underway in Florida after a devastating Category 4 hurricane made landfall Wednesday. At least 77 people