Ask an Advisor: My Kids Inherited $5 Million. How Should They Handle It?

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Investopedia

Can You Grow an IRA to Millions or Even Billions?

Though the IRS puts strict limits on how much you can contribute to an IRA annually, and limits on how much you can earn to open a Roth IRA, there are loopholes to be exploited.

SmartAsset

How to Avoid Paying Taxing on IRA Withdrawals

There are plenty of ways to minimize your tax liability and that’s especially true when you have worked hard to sock away retirement money. Tax advisors are constantly searching for new ways to avoid paying taxes on IRA withdrawals. There … Continue reading → The post How Can I Avoid Paying Taxes on IRA Withdrawals? appeared first on SmartAsset Blog.

MarketWatch

I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable?

“A standard full-service broker-dealer typically charges anywhere between 1% and 2% in management fees, on top of any fund-specific expenses, trading fees and commissions,” explains certified financial planner Jay Abolofia of Lyon Financial Planning. If you like your bank, but want to pay less, open a line of communication with them.

MarketWatch

I want a trustworthy certified financial planner who charges less than 1%. Where do I look?

Question: How can I find a financial adviser in my area, who is a certified financial planner and fiduciary and works for less than 1%? Answer: Financial adviser fees can add up — if your adviser charges 1% and you have $1 million, you’ll pay $10,000 a year for her services — so you’re smart to look for someone trustworthy and who charges less. Pros say it’s smart to look for a fee-only certified financial planner, or CFP.

Bloomberg

Russia Is Getting Frozen Out As Traders Negotiate Metals Contracts

(Bloomberg) — The metals world is beginning its annual ritual of hashing out contracts for the upcoming year with one key question in many traders’ minds: What’s going to happen to Russian supplies? Most Read from BloombergTerra Co-Founder Do Kwon Faces Arrest Warrant in South KoreaUS Inflation Tops Forecasts, Cementing Odds of Big Fed HikeStocks Whipsaw as Traders Assess Fed’s Next Steps: Markets WrapXi Returns to World Stage With Putin to Counter US DominanceUgly Selloff Pushes Stocks Down Mo

American City Business Journals

Here’s why Mark Zuckerberg is a bad boss, according to a leadership expert

To understand why Meta Platforms Inc. has been struggling of late and likely won’t rebound anytime soon, one doesn’t have to look much beyond founder and CEO Mark Zuckerberg, according to one leadership expert. Bad bosses can be placed into five different categories, Bill George, a senior fellow at Harvard Business School, told CNBC. Zuckerberg, who has headed Facebook’s parent company since he founded it while a student at Harvard, fits into three of those, George said.

TheStreet.com

Pizza Hut Turns to Discontinued 1980s Classic For Inspiration

In the 1980s, Pizza Hut had something called the Taco Pizza– exactly as it sounds like, the pizza had the classic Tex-Mex combination of lettuce, tomatoes, ground beef, and shredded cheddar cheese atop its regular pizza dough. The Taco Pizza was featured prominently in those classic Pizza Hut commercials throughout the 1980s, but was eventually pushed out by other products even though some die-hard fans remember it and regularly petition the chain, which has long been owned by Yum! An old Facebook group called “Bring Back The Taco Pizza” has thousands of members.

SmartAsset

Th RMD Mistake That 84% of Retirees Make

Though retirees are only required to take a certain portion of their retirement savings out as distributions each year, a study from JPMorgan Chase shows that there is likely good reason to take out more. A withdrawal approach based solely on … Continue reading → The post 84% of Retirees Are Making This RMD Mistake appeared first on SmartAsset Blog.

SmartAsset

How to Buy More than $10,000 in I Bonds Through This Loophole

In a world where the stock market is unpredictable and interest rates are rising, many investors are looking for someplace to put their money that is as close to risk-free as possible – even if it means forgoing the chance … Continue reading → The post How to Buy More than $10,000 in I Bonds Through This Loophole appeared first on SmartAsset Blog.

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