Wealth
Nearly 7 in 10 Americans want to live to 100, study finds. Here’s how retirement is changing
Despite fears of outliving savings, most Americans still want to live longer, a study on longevity and retirement shows. Nearly 70% of Americans want to live to age 100, with 29 years as the “ideal length” for retirement, according to an Edward Jones and Age Wave report that polled 11,000 adults in the U.S. and […]
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Here’s why a Roth individual retirement account conversion may pay off in a down market
Morsa Images | E+ | Getty Images Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion. The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions, […]
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Andy Warhol’s ‘Marilyn’ sells for $195 million, setting record for American art
A woman takes a photo of Andy Warhol’s ‘Shot Sage Blue Marilyn’ during Christie’s 20th and 21st Century Art press preview at Christie’s New York on April 29, 2022 in New York City. (Photo by Angela Weiss / AFP) (Photo by ANGELA WEISS/AFP via Getty Images) Angela Weiss | Afp | Getty Images Andy Warhol’s […]
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Inside the $23.5 million mansion poised to smash another local record in Southern California
The ocean views from the most expensive mansion to ever sell in Encinitas, CA. Rancho Photos A $23.5 million modern mansion overlooking the Pacific Ocean in Southern California is set to officially hit the market on May 14, and in doing so become the most expensive home ever up for sale in the town of […]
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Worried about a recession? Here’s how to prepare your portfolio
FG Trade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and recession is part of the cycle that we may be facing,” said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, […]
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Over 60 million tax returns could be completed automatically, study shows
Tom Werner | DigitalVision | Getty Images The IRS may have the ability to automate nearly half of tax returns, according to a working paper from the National Bureau of Economic Research. The agency could correctly auto-fill an estimated 62 million to 73 million returns with information it already has, covering 41% to 48% of […]
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F1 CEO sees ‘great opportunity’ in TV rights talks with ESPN deal due to expire
Formula 1 is riding a wave of popularity in the U.S., and its CEO is shopping around its success with potential media partners for a more lucrative U.S. media deal. The racing league’s current deal with ESPN expires at the end of 2022. It was extended in 2019 to the tune of $5 million per […]
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More wealthy investors would rather hold or add stocks than sell if markets keep sliding, survey says
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Wealthy investors are more likely to add to their stock holdings or shift out of certain sectors rather than sell if stocks continue to decline, according to a new survey. More […]
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Here’s how much cash retirees need to weather a stock market downturn
Luminola | E+ | Getty Images Amid high inflation and rising interest rates, there are fears of a prolonged stock market downturn, and some retirees may be vulnerable without a cushion of cash, financial experts say. However, there’s also the risk of crumbling purchasing power, with annual inflation growing by 8.5% in March, the U.S. […]
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Miami hosts its first F1 Grand Prix this weekend, and thousands of fans are spending a ton just to be in town
Tickets to this weekend’s Formula 1 Grand Prix in Miami are selling for thousands of dollars a piece, as surging U.S. interest and the global wealthy drive up prices for a weekend of high-speed excess. More than 300,000 race fans, tourists, executives and party-goers are expected to pour into Miami for the event, sponsored by […]
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