After funneling money into pretax retirement accounts, retirees will eventually face mandatory withdrawals in retirement known as required minimum distributions, or RMDs. While RMDs can trigger higher taxes, they can also offer an opportunity to optimize your investment portfolio, according to experts. Certified financial planner Matthew Saneholtz, chief investment officer and senior wealth advisor at
admin
Ford Motor recently announced that they will be delaying the production of a next-generation all-electric pickup truck at a new plant in Tennessee and cancelling plans for a three-row electric SUV. This decision comes as a surprise to many, as the automotive industry has been heavily leaning towards electric vehicles in recent years. Instead, Ford
The recent decrease in mortgage rates led to a surge in refinancing applications over the past few weeks. However, according to the Mortgage Bankers Association, applications to refinance a home loan dropped by 15% last week. This decrease comes after a 23% increase in demand over the past four weeks as mortgage rates fell. Despite
The explosion of online sports betting following the Supreme Court’s decision to overturn a federal law prohibiting it in 2018 has led to a significant impact on the personal finances of many individuals, especially those who are already financially distressed. This growth industry has spread rapidly across 38 states, generating over $120 billion in total
Lowe’s recent announcement of a reduced full-year forecast has raised concerns about the future of the company. The retailer’s quarterly sales declined, leading to projections of weak home improvement spending in the second half of the year. The company now anticipates total sales of between $82.7 billion and $83.2 billion for the full year, a
British technology entrepreneur Mike Lynch made headlines in June when he was acquitted of fraud charges related to allegations made by Hewlett Packard. However, just two months after his acquittal, Lynch was reported missing following the sinking of a superyacht off the coast of Sicily. The yacht, named the Bayesian, capsized during a violent storm,
Stocks @ Night is a daily newsletter that provides investors with a detailed analysis of stock market trends and upcoming opportunities. In a recent newsletter, CNBC TV’s producers highlighted the influence of activist investor Elliott Management on various stocks. This article will delve into the impact that Elliott Management has had on the performance of
After Palo Alto Networks posted better-than-expected fiscal 2024 fourth-quarter earnings and revenue, Wall Street responded with an enthusiastic 8% surge in the company’s stock price. This brought the stock just a few dollars shy of its record-high close, prompting Jim Cramer to describe the recent move as “parabolic.” While the short-term outlook may seem promising,
Former President Donald Trump has made it clear that he intends to preserve the individual and business tax cuts that were enacted via the Tax Cuts and Jobs Act (TCJA). His campaign team stated that he plans to continue with these tax cuts and has even promised “big tax cuts for families and small businesses.”
When looking at the cost of electric vehicles (EVs) versus traditional gasoline-powered cars, there are a few factors to consider. While EVs may have a higher upfront purchase price, the recurring charges for fuel and maintenance tend to be lower. This can result in a total lifetime cost that is actually lower than that of