Financial planners believe first-time investors in mutual funds can consider an aggressive hybrid equity fund to start with given that it combines two asset classes and is likely to be less volatile as compared to a pure equity fund. WHAT ARE AGGRESSIVE HYBRID FUNDS? Aggressive hybrid funds invest between 65% and 80% of their total … Read more
How sequence risk hurts your portfolio Investors can typically start withdrawing funds from retirement accounts without penalty at age 59½. But there’s a big risk for younger retirees or near-retirees who experience stock market downturns just before or as they start tapping accounts. Withdrawing from your portfolio when the stock market drops could mean selling … Read more
Pascal Broze | Onoky | Getty Images As investors face economic uncertainty, financial advisors have guidelines for how much cash they should have set aside. Despite second-quarter economic growth, nearly 60% of Americans wrongly think the U.S. is currently in a recession, according to a June survey of 2,000 adults from Affirm. While Goldman Sachs … Read more
U.S. Vice President Kamala Harris and second gentleman Douglas Emhoff descend from Air Force Two in Wilmington, DE, U.S., July 22, 2024. Erin Schaff | Via Reuters Vice President Kamala Harris’ personal financial records are under fresh scrutiny now that she is running for the highest office in the United States. Experts say recent tax … Read more
Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she’s been on for nearly nine months traveling the world. While on board, she’s working remotely for her writing and consulting business based in Florida. Courtesy: Jenny Hunnicutt Income made ‘worldwide’ is taxable Despite a Bahamas flag flying atop the Serenade of … Read more
The first presidential debate between U.S. President Joe Biden and former U.S. President and Republican presidential candidate Donald Trump is projected on a screen projector during a watch party hosted by the Michigan Conservative Coalition in Novi, Michigan, U.S., June 27, 2024. Emily Elconin | Reuters With interest rate cuts from the Federal Reserve likely … Read more
Johner Images | Johner Images Royalty-free | Getty Images Many retirees don’t think about taxes until it’s time to withdraw funds from a pretax account, which can be a costly mistake, financial experts say. Only 3 in 10 Americans have a plan to reduce taxes on retirement savings, according to a Northwestern Mutual study from January … Read more
One of the most anticipated events this summer is the wedding of Anant Ambani — the son of Asia’s richest man Mukesh Ambani, who will be tying the knot with his long-time girlfriend Radhika Merchant in July. Sujit Jaiswal | Afp | Getty Images Weddings are a huge business in India. One of the most … Read more
Riska | E+ | Getty Images The first question someone should ask is how much cash do they still need and whether it makes sense to invest some of that money elsewhere, according to CFP Ashton Lawrence, director at Mariner Wealth Advisors in Greenville, South Carolina. Typically, financial experts recommend keeping an emergency fund of … Read more
Jitalia17 | E+ | Getty Images Series I bonds will pay 4.28% annual interest from May 1 through October 2024, the U.S. Department of the Treasury announced Tuesday. Linked to inflation, the latest I bond rate is down from the 5.27% annual rate offered since November and slightly lower than the 4.3% rate from May … Read more
