Investing News

A key part of retirement planning is to answer the question: How much do I need to retire? The answer varies by individual, and it depends largely on your income now and the lifestyle you want and can afford in retirement. Knowing how much you need to save based on how old you are now

Even if you aren’t an active trader, there’s a good chance you have some exposure to the stock market. In fact, almost everyone does. It may be through mutual funds or your IRA. But what if you want to turn that passive trading into an active strategy? If you want to be an active trader

The delta of an option tells you the relationship between the underlying security’s price and the option’s price itself.” The delta represents the amount the price of the derivative will change when there is a change in the underlying price. For example, suppose you buy a call option with a delta of positive 0.5. The

Student loans now impact every demographic, and that’s bad news for people struggling to save for retirement. Even though interest rates are lower, overall student debt has soared during the pandemic, regardless of a borrower’s age or occupation. Some 44 million Americans now owe an estimated $1.75 trillion in student debt. The spiraling amounts of

Modern divorces bring with them interesting (and potentially painful) problems to resolve—like who gets to decide the fate of any frozen embryos or who gets custody of shared pets. It also involves traditional issues, such as child custody and visitation rights.  Deciding how to share or divvy up rights to living and potential living beings

For a third week, the top nationwide rates for certificates of deposit (CD) have remained flat. With the next Fed rate announcement just over a week away, every CD term started out this week with the same top rate as last Monday. On July 27, the Federal Reserve hiked the federal funds rate for the

Financial behemoths Charles Schwab, Citadel Securities, and Fidelity Digital Assets have collaborated on launching a bitcoin and cryptocurrency exchange. According to a press release, the trio has merged to form a cryptocurrency exchange named EDX Markets (EDXM). Key Takeaways Fidelity, Charles Schwab, Citadel, and Fidelity have teamed up to launch the first-of-its-kind cryptocurrency exchange.  The

Editor’s note: Below you’ll find the week 105 release of the NYC Recovery Index, originally published September 6, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery backtracked significantly for the week ending August 27, 2022, with the index score declining nearly six percentage points to 70 out

What separates one bank from its competitors? As banks in the United States continue to merge and oligopolize, the real answer is “not much.” The four largest American banks are so dominant that the third-largest one by assets, Citigroup Inc. (C), has almost three times the assets of the fifth-largest. A leader in bank innovations, Citi introduced

Europe is paying a high price for its dependency on Russian gas. The Kremlin, seemingly in retaliation for being hit with sanctions after invading Ukraine, has been steadily cutting off supply of this crucial substance used to heat homes, generate electricity, and power industry, leading energy bills across Europe to become very expensive. Key Takeaways

Imagine this scenario: Your son or daughter has been out of college for over a decade and moved on to a successful career. Your own career is coming to a close and retirement is only a few years away. And yet, you still owe thousands of dollars for your child’s college bills. This scenario is

While crypto assets like Ethereum (ETH) have been receiving most of the attention due to the upcoming upgrade called ‘The Merge‘, the Bitcoin network itself has been getting some headlines. First, the top cryptocurrency showed signs of a breakout and then dropped to $20,000 on September 13, indicating a volatile week. Second, despite huge losses

The Labor Department’s latest update on the Consumer Price Index (CPI) on Tuesday showed consumer inflation rose in August, as prices for most goods continued to climb. Headline inflation rose 0.1% in August, following an unchanged reading in July as costs for food, shelter, and medical expenses rose, while energy costs declined. Prices were up

Your effective tax rate can be calculated using Microsoft Excel through a few standard functions and an accurate breakdown of your income by tax bracket. Most of the legwork actually involves looking up the Internal Revenue Service (IRS) tax brackets and segregating your taxable income into the correct cells. IRS Tax Brackets Every year, the

Shareholders of Twitter Inc. (TWTR) appear poised to vote overwhelmingly in favor of accepting a $44 billion bid by Elon Musk to acquire the social media company. Complicating the matter, Musk has tried to rescind his bid, alleging that Twitter misrepresented the number of spam accounts on its platform. Twitter has sued Musk to force

The 30-year mortgage average registered just minor movement for a second day Monday. Though still in 6% territory, the average has declined from last week, when it neared its highest level since 2008. Today’s National Mortgage Rate Averages Thirty-year mortgage rates have wavered the last couple of days, holding in the lower 6% range. Adding

Dividend Rate vs. Dividend Yield: An Overview Dividend-paying stocks are very popular with investors because they provide a regular, steady stream of income. Companies that experience big cash flows, and don’t need to reinvest their money are the ones that normally pay out dividends to their investors. Dividend-rich industries include companies in the healthcare and

The National Federation of Independent Businesses (NFIB) Small Business Optimism Index for August came in at a reading of 91.8, slightly beating expectations of 90. However, the index remains near a decade low as small businesses try to navigate historic inflation, labor shortages, and supply chain disruptions. August is the eighth straight month the index was below the 48-year

“The only thing that gives me pleasure is to see my dividend coming in.” –John D. Rockefeller. One of the simplest ways for companies to communicate financial well-being and shareholder value is to say “the dividend check is in the mail.” Dividends, those cash distributions that many companies pay out regularly from earnings to stockholders,

Paying off the mortgage after 30 years, followed by retirement, used to be a rite of passage for many. This scenario is no longer the norm: Baby Boomers, Americans born between 1946 and 1965, are carrying more mortgage debt than earlier generations at this life stage and are less likely than generations before to own