How to know if your financial adviser is worth the money. Getty Images/iStockphoto Question: After our first financial adviser retired, we picked a new one recommended by her to continue our relations...
Tag: Personal finance
Want Steady Monthly Income? These Funds Offer It, With Some Risk.
Text size The sharp selloff in the credit markets during the year’s first half has created some attractive opportunities. Dreamstime.com Trickle-down economics lives on for individual investors trying...
I want to refinance my mortgage, but I’m about to turn 70. Is it wise to refinance at my time of life?
I hope you can help me figure this out. I am 69 years old and will turn 70 at the end of the month. I’ve been offered a cash out refinance loan and need to decide whether to take a 15- or 30-year loan...
Job switchers saw a greater increase in salary than people who decided to stay put. Here’s what’s at stake.
It pays to look around. The number of job switchers reporting wage gains has expanded while the number of job stayers reporting wage gains actually contracted as inflation exacts its toll, according t...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and services. While economists say raising the interest r...
4 key considerations if you hit $1.28 billion Mega Millions jackpot
1. Breathe Instead of impulsively rushing to lottery headquarters to claim your prize, take a deep breath. You have some time to claim your prize — anywhere from three months to a year, depending on w...
House Democrats push for Biden’s billionaire minimum income tax
Erik McGregor | LightRocket | Getty Images As Democrats plow forward with a slimmed-down reconciliation package, House lawmakers are separately pushing another piece of President Joe Biden‘s age...
Should you roll over your 401(k) to an IRA? Here are 3 tips for this key retirement decision.
In his classic tune “Roll Over Beethoven,” Chuck Berry famously belted: “Roll it over then move on up.” Well, if you’ve saved for years in a 401(k) plan, you’ll want to know how — or whether — to roll...
When will the Fed stop raising interest rates? The ‘terminal rate’ may still be far off
The U.S. economy is somewhere in the middle of the Federal Reserve’s interest rate hiking saga to tame inflation, but people already want to know where the story ends. That’s what’s getting discussed ...
Have retirement savers been fooled by the bull market?
Today in Weird Retirement News: 75% of those currently saving through a workplace plan, such as a 401(k), are apparently expecting to make it through their entire golden years without even having to t...
Nancy Pelosi’s husband sells $4 million worth of Nvidia stock at a major loss
The husband of House Speaker Nancy Pelosi sold more than $4 million worth of shares in software and computer-chip company Nvidia NVDA, +7.60% this week, publicly available financial disclosures show. ...
How portfolios are shifting as the Federal Reserve hikes rates again
The Good Brigade | DigitalVision | Getty Images Here’s how portfolio allocations have shifted “We’re attempting to address both inflation and recession concerns,” said certifie...
Semiconductor stocks have been hit hard, but many are poised for rapid growth. Here are 15 expected to shine through 2024
In December, we listed analysts’ favorite semiconductor stocks for 2022. That hasn’t turned out well. But after chipmakers’ stocks have been hammered, the group is now trading at “normal-level valuati...
Will you outlive your 401(k)? New rules calculating lifetime income have some flaws.
You probably have money saved up for retirement in a 401(k) plan, but do you have any idea how long that money will last? Or how much it would provide each month in retirement? Probably not — until no...
Economist Roubini: ‘Severe’ Recession, Financial Crisis Coming
The economic outlook is murky now. It’s difficult to know when inflation will peak, when it will fall in earnest and thus how far the Federal Reserve will ultimately lift interest rates. It’s also unc...
Mega Millions jackpot is $790 million. If it’s won, here’s tax bill
Scott Olson | Getty Images If you manage to beat the odds and land the next Mega Millions jackpot, don’t forget that Uncle Sam will snatch a slice of the windfall. The top prize has surged to $7...
1 in 5 Americans dodging credit card statements as interest spikes
domoyega | E+ | Getty Images As credit card debt swells and interest rates spike, many spenders are fearful about high balances. Nearly 1 in 5 Americans are afraid to check their credit card statement...
The Fed’s next rate hike could be huge. One simple way to profit from it
Some pros are speculating that the Fed could raise interest rates 1% at their July 26 meeting. Getty Images/iStockphoto Experts predict that the Federal Reserve will raise rates at their July 26 meeti...
The Upper Middle Class Is Getting Squeezed
By Dion Rabouin | Photographs by Dina Litovsky for The Wall Street Journal July 25, 2022 5:30 am ET Mark Yu had a profitable pandemic. Like many Americans, he added to his savings and pulled in big ga...
A Look At Some Of The Earnings Coming the Week Of July 25
Businessman analyzing financial report data of the company operations (balance sheet, income … [+] statement) on virtual computer screen with business charts, fintech getty This coming week, sev...
Bed Bath & Beyond Followed a Winning Playbook—and Lost
Mark Tritton arrived at Bed Bath & Beyond in 2019 with a plan to revive the home-goods retailer and ward off competition from Amazon.com Inc., Target Corp. and other large chains: sell what nobody...
5 Common Questions About RMDs in Retirement
Required minimum distributions have been in the news lately as Congress works to pass the Secure Act 2.0, which would raise the age at which seniors must begin making withdrawals from employer-sponsor...
When to buy euros, other currency for a trip abroad
Glowimages | Glowimages | Getty Images It’s a good time to be an American traveling abroad. The value of the U.S. dollar has been at its strongest in years relative to many major global currenci...
The Bear Market Has Brought ‘Fear and Uncertainty’ for Gen Z. How They’re Coping.
Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth...
Raymond James’ Darren Coleman: How I Serve Cross-Border U.S.-Canada Clients
Americans mulling a move to Canada might think the financial transition would be a piece of cake. After all, both countries are democracies with advanced banking systems. What could go wrong? Actually...
Opinion: Fidelity’s bitcoin move getting all the wrong publicity
What would Ned Johnson do? The late, great Fidelity Investments honcho built his family’s Boston-based money management firm into one of the biggest in the world over the course of a long career. John...