You bring up an interesting dilemma some retirement savers may not think of, which is having your retirement assets locked away in investment portfolios intended to be used at an older age. Employer-sponsored retirement accounts, such as 401(k) plans, are a great tool for investing for retirement because they are tax-deferred, which means more money is growing until it’s time to withdraw. The first task is to double check on your company’s policy for the age 55 rule (for readers unfamiliar with this rule, it allows people age 55 or older who were separated from their jobs — either because they were fired or voluntarily left — to tap into the 401(k) from their current employer before the required age 59 ?).
We’re halfway through the year, and while the markets have been volatile, investors are having a good time so far. The S&P 500 has gained 11% year-to-date, and the tech-heavy NASDAQ has gained 9%. With the Fed keeping interest rates at historic lows, stocks are offering better rates of return – and they are keeping ahead of inflation, as well. But while the overall markets are up, individual stock performance can and will vary. Which means that in the midst of a general rising trend, it’s still
Morgan Stanley said 2021 was beginning to resemble 2004, a year which may offer clues for investors as to what will happen in the months ahead.
The subscription economy has exploded in recent years to include everything from streaming services to tech solutions; could it now transform the auto industry?
(Bloomberg) -- For almost three decades, Michael Larson has quietly shuffled around one of the world’s biggest fortunes with a chief priority: Keep his fabulously wealthy bosses out of the headlines.The conservative bets, the nondescript office, the investment firm’s generic-sounding name; they were all carefully designed to shield Bill Gates and Melinda French Gates from criticism and produce steady, if seemingly unimpressive, returns.The couple’s divorce announcement last month cracked the cur
Retail investors have a lot more financial firepower to unleash on the stock market this year, reasons Goldman Sachs.
NIO Inc. (NIO) designs and manufactures high-tech electric vehicles in China. As a major player and innovator in connectivity, autonomous driving, and artificial intelligence technologies, it competes directly with Tesla (TSLA). The main value for NIO comes from its competitive positioning in the luxury electric vehicle market (especially SUVs) in China, stemming from its comparable technology combined with its cheaper price point. Furthermore, as a leading local manufacturer and innovator in hi
AMC extends gains Monday, but TheStreet's founder, Jim Cramer, warns that meme-stocks influence has been whittled down to just two significant names.
Living in Retirement: Our columnist looks back at his father's financial diary and the financial legacy he left
America’s biggest banks will learn the results of their latest stress tests from the US Federal Reserve this week, with a passing grade expected to be a catalyst for billions of dollars in stock buybacks and dividends. The expectation that banks will return more money to shareholders is a sign of how well the US banking sector has fared during the pandemic. The likes of Goldman Sachs and JPMorgan Chase have been bolstered by government stimulus and buoyant revenues from trading and dealmaking.
Lidar companies, and stocks, are relatively new. So is the tech, leaving investors in a tough spot. But there are a few ways to build a position in the technology that will enable self-driving cars.
Iran could quickly export millions of barrels of oil it is holding in storage if it reaches a deal with the United States on its nuclear programme and has been moving oil into place to prepare for an eventual restart, four traders and industrial sources said. The U.S. and Iran began in mid-June their sixth round of indirect talks on reviving a 2015 nuclear deal that former U.S. President Donald Trump pulled out of in 2018. Trump reimposed sanctions on Iran’s energy sector, leading refiners in many countries to shun Iranian crude and forcing Tehran to pump well below capacity.
Online betting stocks are becoming increasingly popular among investors, as more states in the U.S. are legalizing online betting. The U.S. Supreme Court struck down the Professional and Amateur Sports Protection Act 2 (PASPA) three years back, and a new sentiment toward online betting is slowly spreading across the U.S. According to a FinancialBuzz report, 19 U.S. states are expected to decide on the legalization of sports betting this year. This could significantly benefit online sports bettin
Pension funds are a type of plan where employers, employees, or a combination of both pay into a fund to provide retirement benefits to employees. This pension money is invested in a variety of financial securities over many years. Pension funds build up assets over time and provide individual employees with benefits after they retire.
China's central bank said major financial institutions must stop providing trading, clearing and settlement for crypto transactions.
We screened the PHLX Semiconductor index for companies paying out the most to employees. The amounts are hefty.
Autonomous taxis are available in Arizona and Nevada, and the technology is making creeping progress into everyday cars. How to play it.
Bitcoin and other cryptocurrencies took a shellacking on Monday, as China took further steps to limit its exposure to the banking system. Bitcoin dropped nearly $2,000 in just 30 minutes around 2 a.m. ET, losing about 6% of its value. The People’s Bank of China said it told domestic banks and the Alipay unit of Ant Group not to provide services linked to cryptocurrency trading.