One of the most controversial numbers in financial planning, 4%, is back — but the “rule” that follows it less so. On Monday, Morningstar Inc. published research showing that 4% is the “highest safe starting withdrawal rate for retirees,” as there is a 90% probability they will still have money...
A father-son team of advisors who had managed $180 million in assets at Ameriprise Financial has joined LPL Financial’s employee advisor channel, Linsco by LPL Financial, the firm announced Monday. Anthony S. Zambri and his son, Anthony V. Zambri, are launching Zambri Financial in Melville, New York. They’ll be the...
Fisker began deliveries of its battery-electric Ocean SUV in the second quarter of 2023.Courtesy: FiskerElectric vehicle startup Fisker on Monday reported a third-quarter loss that was wider than Wall Street expected, and said it delivered only about 1,100 Ocean electric SUVs in the third quarter.But, it said, deliveries have...
Carlos Tavares, Chief Executive Officer of Stellantis, poses during a presentation at the New York International Auto Show, in Manhattan, New York City, April 5, 2023.David Dee Delgado | ReutersDETROIT – Chrysler-parent Stellantis is offering buyouts to roughly half of its U.S. white-collar employees to reduce headcount and cut...
Wael Alreweie | Istock | Getty ImagesBitcoin investors are eagerly waiting for regulators to approve the first U.S. spot bitcoin exchange-traded fund, which could be significant for cryptocurrency investors, experts say.Last week, the price of bitcoin notched an 18-month high, climbing to $37,970, after BlackRock took first steps toward...
With health care costs skyrocketing over the past several years, it’s no surprise employers and employees are turning their attention to health savings accounts. A recent study from the Plan Sponsor Council of America shows that HSAs are continuing to gain in popularity and explores trends in how these accounts...
Open enrollment season can be a time of trepidation for the self-employed. The stakes are especially high because if you need to buy individual or family coverage, the next few weeks could be your only chance for 2024, barring certain exceptions such as moving to a different state, getting married,...
These are the stocks posting the largest moves midday.