On the campaign trail, President Donald Trump promised lower taxes, lower prices and a stronger economy in his second term.On Day One of his second term, Trump signed a flurry of executive orders — including a regulatory freeze pending an administration review and a directive to members of his...
I've got all the paperwork hereDelmaine Donson | E+ | Getty ImagesMore than half of U.S. consumers planned to make a financial resolution for 2025, according to a December poll by Discover Personal Loans. Even if you didn't ring in the new year with some money goals in mind, it's...
The rally in bitcoin and other cryptocurrency prices has generated excitement among some investors, but investment advisors are largely still skeptical that those volatile assets belong in a 401(k) plan or other qualified retirement savings plans. Crypto was one of the fastest-growing categories of exchange-traded funds in 2024. The most...
Estate planning isn't about focusing on your demise, one advisor says; it's about taking control and making decisions that ensure your loved ones are cared for.
Home Alone (1990)20th Century FoxThe classic Christmas movie "Home Alone" tells the improbable tale of a family who leaves their 8-year-old son home when they leave for vacation.Yet in the years since the 1990 film was released, viewers have focused on another question — how wealthy was the fictitious...
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...