Retirement

We’re about a week away from a certain day in April (now April 18) that’s known to most people only as the dreaded tax day, but it’s also the deadline to make contributions to an IRA (and an HSA if you’re eligible) for 2021. Contributing to a Roth IRA can be particularly beneficial. (If your

For most adult children with aging loved ones who were responsible investors, there is a sense of security. There is nothing to worry about. They have a seven-figure investment portfolio and they own their home outright. No one expects them to run out of money. But can they? The answer depends on two things: how

Topline Billionaire investor Ron Baron, one of Tesla’s largest shareholders, told CNBC in an interview Thursday that Elon Musk’s roughly $3 billion stake in Twitter is “meaningless” and that investors should be more excited about what he predicts are massive gains ahead for Tesla, even though shares have struggled so far this year. Key Facts

Retirees who own a valuable home but little else are a large but underserved minority who worry about running out of money before they die. Their major need is for an effective way to convert their housing wealth into spendable funds. The two potential approaches toward meeting this need are debt-based and equity-based. The first

Do you know anyone who would turn down $1.5 billion, or at least a share of it? The IRS does. More specifically, the IRS knows that an estimated 1.5 million taxpayers are owed unclaimed tax refunds totaling almost $1.5 billion. But they haven’t received the money because they did not file a 2018 tax return

Topline Major oil and gas companies, which scrambled to abandon operations in Russia following the invasion of Ukraine in late February, are now warning that doing so will result in billions of dollars of losses. Key Facts Shell disclosed Thursday that its suspension of operations in Russia could lead it to book as much as

Many people are retiring early. The St. Louis Federal Reserve reported that upwards of 3 million Americans retired early due to the COVID-19 pandemic. If you weren’t among that group that retired early, it’s good to remain working for a bit longer if you can for two main reasons: (1) working one extra year is

America’s elders die sooner and are sicker than their counterparts in other rich nations. American elders also must work longer than their cohort abroad. These trends mean that Americans get fewer years of healthy retirement life than elders in comparable wealthy nations—five years less, in fact. One reason for this big gap in healthy retirement

Topline The stock market moved slightly higher on Thursday—clawing back some of its losses from earlier this week—as investors continued to assess recent comments from Federal Reserve officials on the central bank’s plan to combat surging inflation. Key Facts Stocks finished positive, rebounding somewhat from this week’s losses: The Dow Jones Industrial Average rose 0.3%,

Topline An increasing number of Federal Reserve officials have recently spooked markets by warning about the economic impact of decades-high inflation and how the central bank will need to aggressively raise interest rates, as well as “rapidly” reduce its balance sheet, to combat surging prices. Key Facts Stocks fell on Wednesday, adding to losses this