Personal finance
Young, wealthy investors are flocking to alternative investments, study shows. What to know before adding to your portfolio
More advisors are using alternative investments Alternative investments typically fall into four categories: hedge funds, private equity, “real assets” like real estate or commodities and pre-packaged investments known as “structured products.” Amid double-digit losses in the stock and bond markets this year, there’s been an uptick in advisors turning to alternative investments, as planners seek […]
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Free weekly credit reports are available through the end of 2023. Why you may want to check yours now
vitapix | E+ | Getty Images Your credit score can make or break your ability to open a credit card or buy a new car or home at attractive interest rates. To boost your score, you need to know where you need to improve. Keeping tabs on your credit report — which outlines your debts, […]
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Here’s how to avoid buying a flood-damaged car following Hurricane Ian
Vehicles float in the water on Sept. 29 in Bonita Springs, Florida, after Hurricane Ian. Sean Rayford | Getty Images If you’re planning to shop for a used car in the next few months, be sure to check for flood damage before signing on the dotted line. In the wake of widespread flooding across Florida, […]
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Amazon’s ‘Prime Early Access Sale’ is on — here are the best deals to shop now
Amazon’s two-day “Prime Early Access Sale” is underway. Look for significant discounts on Amazon devices, such as the Kindle, Echo and Fire TV streamer, and its private-label clothing, according to Julie Ramhold, a consumer analyst at DealNews.com. As part of the sale, the Fire 55-inch 4K Smart TV with hands-free Alexa is 80% off and some […]
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These are common (and costly) Roth IRA conversion mistakes. Here’s how to avoid them
Ridofranz | Istock | Getty Images Roth individual retirement account conversions may be alluring when the stock market dips. But it’s easy to make mistakes, financial experts say. The strategy, which transfers pre-tax IRA funds to a Roth IRA for future tax-free growth, may pay off when the market drops because you can buy more […]
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Here’s how uber-rich pass wealth to heirs tax-free when markets are down
Year-end Planning Here’s how uber-rich pass wealth to heirs tax-free when markets are down Published Mon, Oct 10 20221:44 PM EDTUpdated 2 Min Ago Greg Iacurci@GregIacurci WATCH LIVE Source
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IRS delays guidelines, waiving penalties for some inherited retirement accounts until 2023
Zinkevych | iStock | Getty Images If you inherited a retirement account in 2020 or 2021, the IRS is waiving penalties for some heirs who needed to start taking required minimum distributions right away, according to a notice issued Friday. The new rule won’t apply until 2023. Typically, there’s a 50% penalty when you skip […]
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Here’s how to pay 0% capital gains taxes with a six-figure income
Luminola | E+ | Getty Images It’s natural to fixate on portfolio losses, especially with the S&P 500 down more than 20% for the year. But you may still have gains after years of growth, and the profits could qualify for a 0% tax rate, depending on your earnings. The thresholds may be higher than […]
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These are the 10 states where renters are most behind on payments — and high-cost California didn’t make the list
South Dakota has the highest percentage of renters behind on payments, at 26%, according to a new study. Pictured, Mount Rushmore National Monument. Photo by Mike Kline (notkalvin) Renters across the U.S. are feeling the sting of soaring inflation, rising housing costs and the end of the national eviction ban. Some 15% of American households, […]
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Mega Millions jackpot is $410 million. Here are 3 key things to do if you win
Will Lester | Medianews Group | Getty Images There’s a chance that a Mega Millions player is going to wake up Saturday morning with a $410 million windfall in their lap. That’s the advertised jackpot amount for the lottery game’s next drawing, set for Friday night. It’s the third time this year the top prize […]
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