My Kids Inherited $5 Million. How Should They Handle It?

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SmartAsset

$1.5 Million Earns This Much Annually

Whether you’re saving to retire, or have just come into a nice windfall, knowing where to put your money to grow it is essential. There are multiple ways money can build interest, but how much interest does $1.5 million earn per … Continue reading → The post How Much Interest Can $1.5 Million Earn Per Year? appeared first on SmartAsset Blog.

SmartAsset

Genius Ways to Limit RMDs

Saving for retirement is hard. It takes discipline, intelligence and likely a little bit of luck. You have to put money into your retirement fund consistently, make smart investment choices and hope that none of them end up going sideways. … Continue reading → The post 4 Strategies to Limit RMDs appeared first on SmartAsset Blog.

SmartAsset

84% of Retirees Make This RMD Mistake. Are You One of Them?

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

What To Do After You’ve Paid Off Your Mortgage

For many homeowners, one of the milestones on the path to financial independence is being able to pay off their mortgage. With typical mortgages lasting 30 years, it can take a long time to meet this goal. But what happens … Continue reading → The post What Happens When You Pay off Your Mortgage? appeared first on SmartAsset Blog.

SmartAsset

How Can My Investor Let Me Lose Money on Investments?

I’m constantly losing money on stock and cryptocurrency investments. And I paid for the advice that has given me the information that I’ve used to do this. For example, I was told to buy SoFi and lost money the whole … Continue reading → The post Ask an Advisor: I’m Losing Money on Investments. How Can My Advisor Let This Happen? appeared first on SmartAsset Blog.

TipRanks

Fisker, Rivian or Lucid: Which EV Stock Is the Better Buy?

Everyone knows by now, traditional ICE vehicles are on their way out, fast driven to obsolescence by electric vehicles (EVs). In fact, according to Needham’s clean tech analyst Vikram Bagri, EV adoption is “progressing faster than expected.” Realistically, this is not much of a shock considering the macro background. “The fundamental landscape for EVs is more constructive than ever with elevated gas prices, government support, and improving availability,” Bagri noted. “Though we expect to see so

TipRanks

‘Put on a seat belt’ — Ray Dalio says stock market could go down 20%; Use these 2 blue-chip stocks for protection

In the investing game, the rules may no longer apply. Billionaire hedge fund manager Ray Dalio warns that the Federal Reserve has set the market up for a significant fall in the near-term. Noting that inflation is far too high, and that the Federal Reserve is moving aggressively against it, Dalio predicts general drawdown, if not a recession, and likely sooner than later. “It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range). This will bring privat

Barrons.com

Buy I Bonds Now at 9.6%. A New Rate Comes in November.

One of the best current deals in the bond market—Treasury Series I savings bonds—is likely to get less attractive in November when a new rate on the popular investments is set. Individual investors may want to snap up the inflation-linked I bonds before the end of October to get the current 9.6% interest rate for the first six months. The new rate, applying to bonds purchased in November, is likely to be closer to 6%, Barron’s estimates, based on the formula used by the U.S. Treasury to calculate the semiannual rate.

Yahoo Finance Video

DOJ antitrust lawyers ask to join arguments in Apple appeal

Yahoo Finance’s Alexis Keenan discusses reports that Justice Department antitrust lawyers have asked to participate in arguments in the appeal case for Apple vs. Epic Games.

SmartAsset

Retirees Are Confused About Medicare. Are You, Too?

Retirees are confused about enrolling in Medicare, according to a 2022 survey from Sage Growth Partners and Healthpilot. Notably, 33% of respondents have a financial advisor, but only 2% use that advisor to help plan their selection. Understanding Medicare can … Continue reading → The post Retirees Are Confused About Medicare. Here’s How Financial Advisors Can Help appeared first on SmartAsset Blog.

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