David Zervos, JefferiesScott Mlyn | CNBCThe Federal Reserve is expected to cut interest rates by another quarter point at the conclusion of its two-day meeting next week."Two years ago ... 3 out of 4 economists were saying we're going into a recession," David Zervos, chief market strategist for Jefferies...
Peter Kramer/NBC via Getty ImagesU.S. consumers would likely see prices increase if President-elect Donald Trump follows through with a plan to levy import tariffs, experts said Tuesday during CNBC's Financial Advisor Summit."Either way, there is a cost to consumers," said Erica York, senior economist at the Tax Foundation.A tariff...
An exterior view of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | Getty ImagesAs the calendar turns to a New Year and a new presidential administration, many investors are wondering where they can earn above-average returns.The current outlook is positive, with continued...
Srdjanpav | E+ | Getty ImagesMore from FA Playbook:Here's a look at other stories impacting the financial advisor business.When a Roth conversion is completed, you'll owe regular income taxes on the converted balance, based on your current-year taxable income. Ideally, you're "managing the tax bracket," said CFP Jim Guarino, managing...
Grace Cary | Moment | Getty ImagesAfter decades of building your nest egg, you will eventually have to start taking required minimum distributions, or RMDs, from pretax retirement accounts. The first RMD can be tricky, according to financial experts.Since 2023, most retirees must begin RMDs at age 73. The...
Hispanolistic | E+ | Getty ImagesIf you're planning a gift to charity this holiday season, you could score a tax break by donating cryptocurrency. But there are some key things to know before making the transfer, experts say.In 2024, there's been a significant jump in crypto gifts to charity,...
Artistgndphotography | E+ | Getty ImagesThere's soaring interest in donating cryptocurrency to charity as digital currency investors seek to maximize their tax break and impact."A lot of folks have begun to realize that crypto giving is hugely beneficial," said Kyle Casserino, vice president and charitable planning consultant for Fidelity...
Fotostorm | E+ | Getty ImagesIf you need to get a mortgage to buy a house, make sure your finances are in order — especially your debt-to-income ratio.Your debt-to-income ratio is all your money debt payments divided by your gross monthly income. It's the "number one way" lenders measure...
Medianews Group/orange County Register Via Getty Images | Medianews Group | Getty ImagesIt's easy to swipe your credit card or send a check when donating to charity. But you could score a bigger tax break by gifting another asset.Some 34 million U.S. adults gave $3.1 billion for Giving Tuesday...
U.S. President Joe Biden meets with President-elect Donald Trump in the Oval Office at the White House in Washington, U.S., November 13, 2024. Kevin Lamarque | ReutersInvestors wondering if the presidential election may usher in a bad or good time for the stock market won't find any easy answers looking...