Today: 16. Nov, 2024
Exchange-traded funds (ETFs) have become increasingly popular among investors, with their growth driven by distinct advantages over traditional mutual funds. According to Morningstar data, ETFs have amassed approximately $9.7 trillion in assets since August 2024, since their inception in 1993. In contrast,…
Social media has become a hub for financial advice, especially on TikTok. While it may seem convenient, not all the advice you find online is sound. According to a report by Edelman Financial Engines, 27% of adults have taken bad financial advice…
As more Americans near retirement, the question of financial security looms large. According to a new report, 49% of workers think they can meet their retirement goals, while 35% believe they will need over $1 million to retire comfortably. Retirement Savers See…
No one wants to be caught off guard with a tax bill. Thankfully, according to experts, there is still time to make adjustments if you haven’t paid enough taxes for 2024. Paying close attention to your withholdings and estimated payments can ensure…
Participating in “No Spend September” is a growing trend, especially for those aiming to take control of their finances. Inspired by the social media hashtag #nospendchallenge, people commit to a whole month of avoiding non-essential purchases. For many, including New Yorker Victoria…
Inheriting a pre-tax individual retirement account (IRA) can seem like a financial windfall, but if not handled carefully, it could trigger a significant tax burden. Since the Secure Act of 2019, experts have warned that inherited IRA holders must plan their withdrawals…
The Federal Reserve is expected to announce its first interest rate cut in years, bringing some relief to Americans burdened by rising living costs and sky-high borrowing rates. However, experts caution that this rate cut, while a positive step, won’t provide immediate…
The upcoming cost-of-living adjustment (COLA) for Social Security benefits in 2025 is estimated to be lower than previous years, with a projected increase of 2.5%. This adjustment follows a trend of higher increases due to inflation but reflects recent changes in economic…
As the IRS continues to target wealthy Americans for audits, everyday taxpayers should be aware of potential red flags that could draw unwanted attention, regardless of their income level. Recent developments indicate that while the IRS is working to avoid increased audits…
As retirement nears, many Americans face the daunting reality of insufficient savings. According to recent data, around 20% of Americans over the age of 50 have no retirement savings at all. This can be a frightening prospect, especially for those who have…
