This vicious bear market has spared very few firms in 2022. The S&P 500 has slipped more than 23% so far and it increasingly feels that things are getting worse. The Fed continues to reiterate that it foresees aggressive rate hikes ahead until inflation is brought under control. Thus, this sort of environment very likely
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Medicare Advantage Plans offer an alternative to Original Medicare. These plans include Medicare Parts A and B coverage, and some also include prescription drug coverage (Medicare Part D). Older adults planning to enroll in Medicare Advantage or switch to a new Medicare Advantage should consider using Medicare Star Ratings to help in their decision-making. These
Medicare provides health care coverage for persons aged 65 and older. If you’re enrolled in a Medicare Part D prescription drug plan, it’s possible that you could encounter a gap in coverage, depending on how much you spend. This gap also referred to as the Medicare donut hole, can potentially affect what you pay for
A cost-of-living adjustment (COLA) is a purchasing-power protection mechanism provided to all monthly Social Security and Supplemental Security Income benefits. While a cost-of-living raise for Social Security recipients is technically “mandatory,” it does not mean there will be an actual increase every year: 2016 was one year when there wasn’t a raise, for example. By law,
When it comes to managing your life as a retiree, it almost goes without saying that you’ll need to keep abreast of the yearly Social Security tweaks and adjust your budget accordingly. However, with so much new information to keep track of, it can be easy to forget some of the smaller details, such as
Medicare Advantage Plans, sometimes called Medicare Part C, allow you to combine Medicare Parts A and B coverage in one policy. During Medicare Open Enrollment, you have an opportunity to switch to a Medicare Advantage Plan or make changes to an existing plan. For instance, you may want to change from an HMO plan to
While investors are hoping for a quick end to the current bear market, recent data signals it’s not likely to be over soon. The September core consumer price index, which excludes food and energy prices, hit a 40-year high. This, combined with the fact that the labor market remains strong, nearly guarantees the Federal Reserve
I can see why contrarian investors may be interested in XPeng (NYSE:XPEV) stock. Shares in China-based electric vehicle (or EV) companies have fallen out of favor among investors, but the shift in sentiment has been the most dramatic among this particular name. As a result of its extended price decline since June, Xpeng has become
Dividend-paying stocks tend to attract investors seeking a regular source of income. Although these companies do not grow above industry average, they assure a stable source of income. This is important, especially in times of stock market volatility. The stocks below provide high dividends and are currently trading at a massive discount. Additionally, consensus estimates
Carnival (NYSE:CCL) stock is quite different than it was prior to the Covid-19 pandemic. Long gone are the days when the cruise operator could confidently raise its cruise fares. Getting passengers back on Carnival’s ships during a time a high inflation will be a major challenge. So, even though Carnival showed top-line improvement during its most
The Social Security Administration (SSA) announced today that approximately 70 million Social Security and Supplemental Security Income (SSI) recipients would see a cost-of-living adjustment (COLA) of 8.7% for 2023. This is the largest increase since 1981 when the COLA was 11.2% and a significant increase from last year’s 5.9% COLA. The recent large Social Security
Cryptocurrencies won’t go very far without adoption, and that is predicated on reliable applications for consumers, businesses, and financial institutions to use. Pundi X (PUNDIX) is one of a number of projects working on related infrastructure and use cases for crypto point-of-sale (POS) transactions, with the end goal of creating a crypto payments network for
Key Takeaways Analysts estimate EPS of 78 cents vs. 85 cents in Q3 FY 2021. Net interest margin is expected to rise sequentially and YOY, while not yet returning to pre-pandemic levels. Revenue is expected to increase at a tepid pace YOY. Bank of America Corp. (BAC), the second-largest U.S. bank by consolidated assets, is
Eminent domain is used when a home or other property is condemned for a new road, bridge, school or another public use by a government entity: The takings clause of the Fifth Amendment to the United States Constitution spells out that the owner is to be justly compensated. Courts have held that to mean the
Transactions that are made within an individual retirement account (IRA) are not taxable. Stocks, funds, and other securities can be purchased and sold within an IRA account without triggering any consequences. Potential tax consequences are only triggered when money is withdrawn from an IRA account altogether. Key Takeaways Sales and purchases—of stocks, bonds, funds, ETFs,
While it may not be the most glamorous of presents, life insurance can be a valuable gift and a way to maintain financial security if the worst happens. In most cases, individuals take out life insurance policies with the expectation that an insurer will pay a sum of money known as a death benefit to
In this article DAL DWAC Follow your favorite stocksCREATE FREE ACCOUNT Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The company planning to take Donald Trump’s media company Truth Social
Third quarter earnings season is approaching fast. So I wanted to take a look at stocks to buy. In particular, these stocks have underlying fundamentals that continue to perform well, despite market headwinds. At the same time, the S&P 500 Index needs a major shot in the arm. It continues to shed value, with the
Qualified and ordinary dividends are reported in separate boxes on Internal Revenue Service Form 1099-DIV. Total ordinary dividends are reported in box 1a, and qualified dividends in box 1b. The two types of dividends are treated differently for tax purposes. Ordinary dividends include both qualified and non-qualified dividends, but the IRS separates these on tax
Consumer prices in the U.S. climbed more than economists expected last month, as food, housing, and medical costs surged. Headline inflation as tracked by the Consumer Price Index (CPI) rose 0.4% in September, up from August’s 0.1% gain, and slightly higher than the 0.3% economists had expected, according to the Bureau of Labor Statistics. Compared