Interest rate jitters whipsaw the stock market
It is hard to fully appreciate the historic nature of the current interest rate environment in the U.S. and the rest of the developed world.
Roth IRA doesn’t get enough appreciation
America is mired in a retirement savings crisis, the consequences of which are coming into focus as more Baby Boomers retire and Gen X does the math. The demise of private employer pensions and the rise of defined contribution plans like 401(k) and 403(b) accounts has shifted the burden to the individual, and we are not keeping up. Savers need as much help as they can get, so it is important to be familiar with all the tools. One of the least appreciated supplemental retirement vehicles is the tax-free Roth IRA account.
President Biden’s first legislative test: COVID-19 relief
As his first major legislative initiative, President-elect Joe Biden has proposed an ambitious COVID-19 relief package focused on two objectives: providing much needed aid to families most impacted, and accelerating delivery of the vaccines.
Electric vehicle maker Tesla set to deliver a shock to the S&P 500
Electric vehicle maker Tesla Inc. has been on a tear, with its stock price rising nearly six-fold so far this year.
Coronavirus tax breaks ending soon, along with 2020
Most of us will gladly say adieu to 2020.
How to deal with debt overload
According to the Federal Reserve Bank of New York, U.S. household debt surged to a record $14.3 trillion in the third quarter of 2020.
Golden bubble being observed with alarm as price continues to rise despite economic damage
The price of gold has been on a tear this year, reaching new all-time highs despite the economic damage to the world economy from the pandemic. The shiny metal climbed above $2,000 per ounce last week as some analysts predict another $1,000 rally ahead.
Personal Finance: First steps in saving and investing
Last week, we discussed the importance of getting started with a savings and investment plan. This imperative has never been so urgent, given the reality that most of will be called upon to provide for our own retirement income in excess of Social Security. This week, a few first steps to consider in building some momentum.
Personal Finance: What makes a stock ‘tick’?
Every industry has its own argot, often incorporating a specialized symbology that is foreign to the uninitiated.
Personal Finance: The basics of money market funds
Money market funds are perhaps the most widely held class of investment vehicle, with assets in excess of $3 trillion in the United States.