Wealth
How to get the ‘best of both worlds’ for Series I bond interest rates before November
RyanJLane | E+ | Getty Images After a difficult year for the stock market, investors have poured money into Series I bonds, a nearly risk-free and inflation-protected asset that’s paying a record 9.62% annual interest through October. With the rate expected to drop to roughly 6.48% in November, there’s a brief window to secure higher […]
Read More
Star witness who frequented Elizabeth Holmes immediately after fraud trial claims ‘she desires to pay out her debt to society’
Previous Theranos CEO Elizabeth Holmes (L) comes at federal court with her companion Billy Evans on Oct 17, 2022 in San Jose, California. Justin Sullivan | Getty Pictures SAN JOSE, Calif. — A star witness in the trial of former Theranos CEO Elizabeth Holmes doubled down on his testimony two months right after he showed […]
Read More
Series I bond interest expected to fall to roughly 6.48% in November. But that’s still a ‘really good rate,’ experts say
Morsa Images | E+ | Getty Images Fixed rate for I bonds will ‘most likely be zero’ I bond rates have two parts, a fixed rate, which remains the same after purchase, and a variable rate, which changes every six months based on inflation. The variable part is the percentage change in inflation over the […]
Read More
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 […]
Read More
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 […]
Read More
Jamie Dimon claims Musk should really ‘clean up Twitter,’ echoes Tesla CEO’s bot worries
JP Morgan CEO Jamie Dimon speaks at the Boston University Main Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Jamie Dimon seems to be a lover of Elon Musk’s $44 billion Twitter takeover. “I hope Musk cleans up Twitter,” the JPMorgan CEO told CNBC’s Julianna Tatelbaum, including he thinks […]
Read More
Airways are including more flights in Asia. Here is how that could influence airfares
A lot of flights that were being canceled in the course of the pandemic are returning to the skies this month. Previous week, Singapore Airlines and Scoot declared they are incorporating dozens of flights to cities across Asia. Citing powerful demand and comfortable border limitations, equally airlines introduced additional flights concerning Singapore and Japan, South […]
Read More
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
Read More
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 […]
Read More
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 […]
Read More