24/7 Wall St.

In 2023, the S&P 500 reached new peaks despite having to work through a number of headwinds to get to these fresh highs. Market volatility has picked up, though many stocks continue to trade near their all-time highs. And while investor sentiment does appear to be largely positive right now, there are a growing number […]
The post 3 Dividend Stocks Retirees and Yield Lovers Should Own appeared first on 24/7 Wall St..

3 Dividend Stocks Retirees and Yield Lovers Should Own

24/7 Wall St. Insights Dividend stocks will come into favor as rates are lowered over the next two years. Passive income is the best way to increase total cash flow. This free report is flying off the shelves: Access 2 legendary, high-yield dividend stocks Wall Street loves. These days, investors, especially those nearing retirement, seek […]
The post 5 High-Yield Dividend Stocks Under $20 Are Perfect Passive Income Ideas appeared first on 24/7 Wall St..

5 High-Yield Dividend Stocks Under $20 Are Perfect Passive Income Ideas

Ed Yardeni, Yardeni Research president, joins 'Closing Bell' to discuss where he sees the stock market heading and how the Fed's next rate cut decision will impact the economy.

The economy is strong, labor market is back to normal, says Ed Yardeni

Does the U.S. have a looming retirement crisis on its hands?. Researchers at Morningstar recently performed an exhaustive analysis of U.S. workers' retirement preparedness to find out, and the data revealed good and bad news. Bad news first: Across the U.S., Morningstar's model predicts about 45% of households will run...

The 3 biggest 401(k) mistakes that can derail your retirement, according to investment researchers

Las Vegas, NV

Zoreen Kabani was always passionate about style. "I love clothing, love fashion, love being coordinated," she says. She just didn't think she could make a career out of it. Kabani, 37, and now based in Las Vegas, spent the first decade or so of her career working in finance. In her native Pakistan, "it's still a point of expectation to be in some form of a traditional career path," she says. She was a financial analyst at Goldman Sachs then a banker and financial advisor at JPMorgan Chase.

37-year-old brings in more than $100,000 a month selling clothes on Whatnot: ‘Consistency is key’

FinanceBuzz

You can't always avoid taxes, but on these income sources, you won't pay as much as you expect.

Retirees Don't Have To Pay Taxes on These Kinds of Income

Business Insider

Gary Hohenstein, 73, retired early and moved to Germany with his wife. He says his benefits go further abroad than they would in the US.

A baby boomer says he collects enough in retirement benefits to live a good life in Germany but doesn't think his money would go as far in the US

The Senior Citizens League estimates that Social Security benefits will receive a 2.6% COLA next year, the smallest raise for retired workers since 2021. Social Security benefits have reportedly lost 20% of their purchasing power since 2010, and benefits will lose more buying power next year if the COLA underestimates inflation.

The Social Security Cost-of-Living Adjustment (COLA) Forecast for 2025 Was Just Updated. There's Good News and Bad News for Retirees.

SmartAsset

Relying solely on a single source of income can leave individuals vulnerable to unexpected events such as job loss or economic downturns. By finding ways to diversify your income and creating multiple revenue streams, you can protect yourself from unexpected events and gain more financial security. If you're looking for ways to diversify your portfolio, […] The post Ways to Diversify Your Income appeared first on SmartReads by SmartAsset.

Ways to Diversify Your Income

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NewsNinja

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

Wealthtender

You’d be forgiven if your first thought is that of course people with a lot of money plan to transfer their wealth to heirs, usually their kids!. That would certainly be my first thought.

Do Rich People Plan to Transfer Wealth to Their Heirs?

Fox News

The Biden administration’s proposal to tax investment returns that have not yet been realized is "insane" and "absurd," economists told Fox News Digital.

'Beyond Insane': Economists slam Biden-Harris proposal to tax unrealized investment returns

While we adhere to strict editorial guidelines, partners on this page also provide us earnings. If you think the U.S. tax system is complicated, you’re not alone. Scott Galloway, professor of marketing at NYU Stern School of Business, believes the complications are the result of various loopholes designed to help wealthy people.

‘Invest, borrow against it, and die’: Scott Galloway explains how to avoid long-term capital gains taxes and take a loan. Here are the pros, cons of this approach

Despite the widely accepted significance of retirement planning, studies indicate that many people are behind on saving and aware that they’re behind. According to a recent survey from the online financial resource Bankrate, 55 percent of respondents indicated they are behind on their retirement saving. In addition, a Gallup poll released in May 2023 indicated that just 43 percent of nonretirees think they will have enough money to live comfortably in retirement. The good news for individuals who are behind or concerned about their financial wellness in retirement is that three strategies can help them catch up on their savings.

3 tips to catch up on retirement savings

With average U.S. home prices topping $400,000, investing in real estate with just $20,000 might seem challenging. It is entirely possible, however, with the right approach. Crowdfunding platforms, lower-cost markets and real estate investment groups represent just a few of the ways to put $20,000 to work in the real estate market. By exploring these […] The post How to Invest $20,000 in Real Estate appeared first on SmartReads by SmartAsset.

How to Invest $20,000 in Real Estate

Texas State

An uptick in sausage demand can offer the latest sign of consumers tightening their belts as they continue grappling with high prices. There has been "modest growth" in the dinner sausage category for one producer, according to the Dallas Federal Reserve's Texas Manufacturing Outlook Survey released Monday. This underscores the trends of shoppers opting for cheaper products and pulling back spending all together as cumulative inflation bites into purchasing power.

Increased sausage demand could be worrying signal on the economy

Homestead, FL

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Akeena

If you’re a fan of Florida’s rich agricultural heritage, here’s some news that might catch your eye. Homestead’s Alger Farms, a name synonymous with fresh produce and quality landscape materials, has just sold a hefty chunk of their land. Nearly 900 acres have been sold for a staggering $121 million. Here’s the scoop on what’s happening with this land and what it means for the area.

Florida Farm Sold for $121 Million; 1,170 New Homes Planned

The National Flood Insurance Program, a public insurance program sponsored by the federal government insures 4.7 million policyholders and protects more than $1.28 trillion in assets. Congress has until Sept. 30 to reauthorize the NFIP. "Without an extension, you're not going to be able to get a mortgage in any...

A 'man-made disaster' could make it trickier to buy or sell a home in some areas this fall, real estate expert says

Transferring funds from a pre-tax retirement account such as an IRA to an after-tax Roth IRA is a move many retirement savers might want to consider. A Roth conversion, as the move is called, has many benefits. It can help you avoid required minimum distributions, or RMDs, in retirement, as well as taxes on your […] The post Is It Wise to Convert 20% of My IRA to a Roth Each Year to Avoid Taxes and RMDs? appeared first on SmartReads by SmartAsset.

Is It Wise to Convert 20% of My IRA to a Roth Each Year to Avoid Taxes and RMDs?

The New York Times

At 72, Janice Campbell might not seem like your average investor in a Roth account. Those investment vehicles — funded with after-tax dollars instead of the pretax contributions that go into most individual retirement accounts and 401(k)s — are typically recommended for younger workers.

Opening a Roth Account May Be a Good Move, No Matter Your Age

NewsBreak

Here's how to harvest 0% capital gains amid the latest stock market rally

After a strong year for the stock market, tax-gain harvesting could help rebalance your portfolio and save on future taxes. For 2024, you may qualify for...

Here's how to harvest 0% capital gains amid the latest stock market rally

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