Gen Z leans into soft saving, less focused on retirement

Morsa Images | Digitalvision | Getty ImagesSoft saving gains steam in today's economyOnly recently, there was tremendous buzz around FIRE, an acronym that stands for Financial Independence, Retire Early, a movement built on the idea that handling your money super efficiently can help you reach financial freedom.But putting enough...

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Fixed income back in the spotlight. How investors can take advantage

Peshkova | Istock | Getty ImagesFixed-income investing is entering an exciting new era, and investors should take notice. Decades of low interest rates, engineered by global central banks, have suppressed the bond market's ability to generate attractive and reliable returns.But in recent quarters, we have witnessed a dramatic shift...

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What to know about required minimum distributions for inherited IRAs

Insta_photos | Istock | Getty ImagesInheriting an individual retirement account can be a welcome surprise. But the gift comes with mandatory withdrawals for heirs and following the rules can be difficult, experts say.According to the Secure Act of 2019, certain heirs now have less time to deplete inherited accounts...

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Biden administration rolls out new consumer protections for borrowers

U.S. Secretary of Education Miguel Cardona speaks during the National Action Network's National Convention in New York on April 12, 2023.Jeenah Moon | ReutersThe Biden administration announced on Tuesday a finalized plan to improve its oversight of higher education institutions and to bolster consumer protections for student loan borrowers."We...

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Give from your estate now to reduce your tax exposure later

Shapecharge | E+ | Getty ImagesThe federal estate-tax exemption helps wealthy families avoid or reduce inheritance tax, but the clock is ticking on the size of this advantage.In 26 months, some families that pay no inheritance tax today face the potential for sizeable federal taxes unless benefactors act. Though...

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