Daniel Grizelj The stock market surged in 2019, closing out the end of the decade by posting its best annual gain in six years. But investors hypnotized by the prospect of big profits should temper any knee-jerk reaction to load up on stocks as the new year gets under way. Charlie Fitzgerald, a financial advisor
Month: January 2020
Getty The SECURE Act, I lamented in December, had bipartisan support but languished in the Senate until it was finally passed as a part of a massive budget bill. And it will not surprise readers to know that I am not jumping on the bandwagon of “the SECURE Act will change everything” because I’m irritated
Economic Security Planning, Inc. Today’s column addresses questions about filing a restricted application for spousal benefits only after filing for and suspending a retirement benefit, effects of low income before filing, survivor’s benefits, conflating filing and suspending with restricted applications and the earnings test. Larry Kotlikoff is a Professor of Economics at Boston University and
Young african woman holding home keys while hugging boyfriend in their new apartment after buying … [+] real estate. Lovely girl holding keys from new home and embracing man. Happy couple in their apartment around cardboard boxes. Getty People ask me financial planner questions all the time. I’m a mortgage guy, ask me mortgage questions and
Rescuers work beside the wreckage of an Ethiopian Airlines’ aircraft at the crash site, some 50 km east of Addis Ababa, capital of Ethiopia, on March 10, 2019. Wang Shoubao | Xinhua News Agency | Getty Images The number of people killed in commercial airplane crashes more than halved in 2019 from the previous year,
The “Fast Money” traders shared their first moves for the market open. Steve Grasso was a buyer of Microsoft. Steve Chiavarone was a buyer of the Russell 1000 Value ETF. Dan Nathan was a buyer of Goldman Sachs. Guy Adami was a buyer of Blackstone. Disclosure Trader disclosure: Steve Grasso is long AAPL, ACB, BHC, CAR,
Rolf Bruderer Living in another country is a save-your-retirement move that few people consider. For Edd and Cynthia Staton, it was a lifesaver. During the 2008-2009 financial crisis, they took a hard look at what retirement might look like if they remained in the U.S. Staying would have meant severe belt-tightening. After some research and
Girl and father putting coin into piggy bank, sitting on sofa at home Getty Roth IRAs are a great option for retirement savings and will be a much more popular way to save now that the SECURE Act has been signed into law. The SECURE Act will make generally make the nonspouse beneficiaries of taxable
Five years. For half a decade I’ve ushered in the New Year by doling out a bunch of advice, a position of responsibility that feels unwarranted given that just hours ago, I nearly drove into the back of a parked car because I was trying to recover a fallen Starburst. Deserved or not, it’s always
Indianapolis has two affordable ZIP codes Indianapolis, Indiana, USA downtown cityscape on the White River at dusk. Getty The ten most affordable ZIP codes in big cities for apartment rentals from rent.com will surprise you. Rent.com found average one-bedroom rents for $800 a month and under. Included are ZIP codes in Houston, Jacksonville, Fort Worth,
Workers producing clothes in a factory in Huaibei, China. STR | AFP | Getty Images A private survey released on Thursday showed China’s manufacturing activity expanded in the month of December. The Markit/Caixin Purchasing Managers’ Index (PMI) for manufacturing came in at 51.5, compared to 51.8 in November. Analysts polled by Reuters had expected the private manufacturing
Beauty blogger Austin Li Jiaqi speaks with a dog on his lap while livestreaming on the e-commerce platform Taobao on October 26, 2018 in Shanghai, China. The 27-year-old Li, nicknamed “Lipstick Brother,” is the hottest online beauty blogger in China. VCG | Getty Images BEIJING — In five minutes this past November, Chinese livestreamer “Xin
Traders work on the floor at the New York Stock Exchange, November 4, 2019. Brendan McDermid | Reuters The Dow Jones Industrial Average has soared to record highs in 2019, climbing about 22% for the year. The following stocks are Wall Street analysts’ favorite picks to lead the benchmark in 2020. CNBC identified these stocks
For those considering a career change, the year ahead looks particularly promising. With the unemployment rate at a 50-year low and U.S. companies adding many more jobs than expected, 2020 could be the year to land a new job, according to the Bureau of Labor Statistics. But not just any job will do. Job seekers
So, the ball dropped in Times Square, we all witnessed Anderson Cooper giggling, and now it’s time to make your New Year’s resolutions. Resolved – go to the gym every day, lose weight, and of course make estate planning New Year’s resolutions. Following is a list of various planning points that you may want to
Getty Most likely you will pay your Social Security taxes all year round. But some high earners will stop paying a few hours after we ring in the New Year, many before we return to work in the new year. Social Security benefits are paid by the FICA tax, which is 12.4% of pay (split
A Kiawah River home typical of its Southern location. Photo courtesy of Julia Lynn As our society becomes more and more divided politically, people seem to want to connect more and find communities where they can interact with others in a friendly way. After living in a large isolated house for many years myself, I
An employee holds a jar of marijuana on sale after it became legal in the state to sell recreational marijuana to customers over 21 years old in Ann Arbor, Michigan. Illinois begins the legal sale of marijuana on Jan 1, 2020. Matthew Hatcher | Reuters Illinois rings in the new year on Wednesday by joining
Stocks are on pace to log their best year of gains since 2013, and if history serves as a guide, the bullish momentum should continue through the next 12 months. Michael Nagle | Bloomberg | Getty Images Stocks surged in 2019, with the S&P 500 jumping about 29%, logging 35 record closes as market sentiment
If your New Year’s Day celebration ends up including a $220 million Powerball jackpot win, remember that Uncle Sam tends to be a party crasher. After more than eight weeks with no jackpot winner, the lottery game’s top prize has climbed to $220 million for Wednesday night’s drawing. And while the odds are stacked against