Personal saving
You don’t need to be a ‘Silicon Valley entrepreneur’ to be rich, financial advisor says. Here’s how to retire a millionaire
Key Points Almost anyone can save $1 million for retirement, according to financial advisors. There have been thousands of new 401(k) plan and individual retirement account millionaires this year, according to Fidelity Investments. Starting early is key, advisors say. This lets investors harness the power of compound interest. Source
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‘Dynamic pricing’ was a top contender for word of the year. Here’s why it got consumers so worked up in 2024
9parusnikov | Istock | Getty Images Oxford University Press may have crowned “brain rot” the word of the year, but “dynamic pricing” was also a top contender. Originally coined by economists in the late 1920s, dynamic pricing refers to “the practice of varying the price for a product or service to reflect changing market conditions. […]
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Shoppers hunt for deals, but Dollar General and Dollar Tree aren’t reaping the benefits
As shoppers look for value, dollar stores might seem to be logical destinations. But that penny-pinching mentality hasn’t been enough to lift sales for Dollar Tree and Dollar General. Shares of the deep discounters have plunged so far in 2024. The retailers have each cut their full-year forecasts because of weaker-than-expected sales. And both have […]
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59% of Americans consider this the No. 1 sign of success — it’s not wealth
Pt Stock | Moment | Getty Images When Americans measure success, they’re not often thinking about their net worth or account balances. About 59% of polled Americans say that happiness — specifically, the ability to spend money on things that make them happy — is the most important benchmark of success, according to a new […]
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The next U.S. president could face a tax battle in 2025 — here’s what it means for investors
This combination of pictures created on October 25, 2024 shows US Vice-President and Democratic Presidential candidate Kamala Harris in Houston, Texas on October 25, 2024 and former US President Republican presidential candidate Donald Trump in East Del Valle, Austin, Texas on October 25, 2024. Getty Images As millions of Americans cast ballots on election day, […]
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Why 401(k) plans are the ‘final frontier’ for exchange-traded funds
ETF Strategist Why 401(k) plans are the ‘final frontier’ for exchange-traded funds Published Thu, Oct 17 202410:49 AM EDT Greg Iacurci@GregIacurci WATCH LIVE Source
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Here’s why the U.S. retirement system isn’t among the world’s best
Key Points The U.S. retirement system gets a C+ grade and ranks No. 29 out of 48 in the Mercer CFA Institute Global Pension Index. Retirement plan coverage and 401(k) “leakage” are among the two primary problem areas, experts said. Policymakers have taken some steps to improve the system. Source
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As interest rates fall, it’s a ‘fantastic time’ to revisit bonds, advisor says — here’s why
Lucy Lambriex | Stone | Getty Images As the Federal Reserve cuts interest rates, investors should review their bond portfolio, which could see a boost from dovish Fed policy. The central bank in September kicked off its first easing campaign in four years with a 50 basis point rate cut, which brought its benchmark rate […]
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Warren Buffett’s S&P 500 bet paid off. Experts weigh in on whether it’s still a winning strategy
Warren Buffett, Berkshire Hathaway CEO and chairman. Cnbc | Nbcuniversal | Getty Images In 2007, Warren Buffett made a $1 million bet that he could outperform hedge fund managers over the course of a decade by investing in an S&P 500 index fund. In 2017, he won. Some individual investors are making similar bets on […]
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401(k) savers can access one of the ‘rare guarantees’ in investing, CFP says
Key Points A 401(k) match is often considered free money. Most employers offering a 401(k) plan make a matching contribution on workers’ savings. Workers may need to stay at the company for a certain number of years before the match is fully theirs, however. Source
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