Closed-end municipal bond funds may benefit fixed-income investors

Closed-end municipal bond funds might profit fixed-income traders

Yellow Canine Productions | The Picture Financial institution | Getty Photos Traders discouraged by a bond market the place yields are savaged by inflation might discover aid in what, for a lot of, is an unfamiliar fixed-income automobile: closed-end municipal bond funds. These funds, much less frequent than the open-ended selection, are provided by giant […]

Most women see money as a tool to effect change, survey shows

Most ladies see cash as a software to impact change, survey reveals

Over the previous couple of years, the consequences of Covid-19, social activism and financial uncertainty have profoundly impacted ladies’s attitudes about their funds, in line with a UBS survey. Practically 9 in 10 ladies consider cash is a software to realize their private “objective,” the report uncovered, polling 1,400 ladies traders in January and February […]

Gender gap in retirement readiness persists despite women's advances

Gender hole in retirement readiness persists regardless of ladies’s advances

Dougal Waters | Getty Photos Regardless of the financial {and professional} positive aspects made by ladies during the last 50 years, gender gaps persist — and never simply in price of pay. Retirement readiness and monetary know-how are key areas with notable gaps, based on two research lately launched by the TIAA Institute. For instance, […]

Most millennial millionaires believe economy will improve by year end

Most millennial millionaires consider economic system will enhance by 12 months finish

Most millennial millionaires really feel optimistic in regards to the U.S. economic system, with practically three-quarters anticipating enhancements by the top of 2022, in line with the most recent CNBC Millionaire Survey. Inflation considerations are a theme all through the survey, with 37% of millionaires saying it is the largest threat to the economic system […]

Here are the first financial steps to make after losing a spouse

Listed here are the primary monetary steps to make after shedding a partner

Tari Lee Sykes and her late husband, Charles Jeremy Sykes. She thought they’d have yet another Christmas collectively. But just a few days earlier than the vacation, Tari Lee Sykes’s husband, Charles Jeremy Sykes, died after battling a uncommon lung illness for years. He’d by no means get to open the wrapped presents beneath their […]

Ellevest CEO Sallie Krawcheck on financial steps women should take now

Ellevest CEO Sallie Krawcheck on monetary steps girls ought to take now

Sallie Krawcheck, CEO and co-founder of Ellevest and writer of “Personal It: The Energy of Ladies at Work.” Slaven Vlasic | Getty Photographs Leisure | Getty Photographs Sallie Krawcheck is aware of what it’s prefer to be one of many few girls within the room. She led the wealth administration enterprise of a significant Wall […]

Target-date funds work up to a point. Don't just set it and forget it

Right here’s how a lot money retirees must climate a inventory market downturn

Luminola | E+ | Getty Photos Amid excessive inflation and rising rates of interest, there are fears of a chronic inventory market downturn, and a few retirees could also be weak with no cushion of money, monetary consultants say. Nonetheless, there’s additionally the chance of crumbling buying energy, with annual inflation rising by 8.5% in […]

What financial advisors are demanding during the 'Great Resignation'

What monetary advisors are demanding in the course of the ‘Nice Resignation’

Luis Alvarez | Digitalvision | Getty Photos In my lengthy profession of recruiting skilled monetary advisors, I’ve seen how totally different financial cycles have impacted retention and attrition. In instances of uncertainty, advisors crave stability and wish to work with a agency with the monetary basis to climate the storm. Alternatively, when the economic system […]

Critics call states' switch to flat income tax a boon for the wealthy

Critics name states’ change to flat earnings tax a boon for the rich

Tetra Pictures | Tetra photos | Getty Pictures There is a current uptick in states swapping tiered earnings taxes for a flat tax, charging the identical fee to all residents, no matter earnings. Over the previous 100 years, solely 4 states have modified from graduated charges to flat taxes, according to the Tax Foundation. One […]

Entrepreneur Tiffany James says women must invest to create wealth

Entrepreneur Tiffany James says girls should make investments to create wealth

Constructing wealth is cool. That is a mantra of Trendy Blk Woman, a group aimed toward educating Black girls the significance of investing and wealth creation that was based by Tiffany James when she was simply 25. Like most newly minted school graduates, James had pupil mortgage debt and was dwelling simply barely inside her […]

This Social Security quiz can help tell whether you're ready to claim

This Social Safety quiz can assist inform whether or not you are prepared to assert

GlobalStock | Getty Photographs Deciding at what level you’ll gather Social Safety advantages could also be one of many largest selections you make in retirement. But many people who find themselves at or close to the age once they face that alternative could must brush up on this system’s guidelines earlier than they do. MassMutual […]

As office hours return, how to buy new work clothes on a budget

As workplace hours return, tips on how to purchase new work garments on a price range

Alxeypnferov | Istock | Getty Pictures As extra individuals head again to the workplace, they could not have the ability to rely anymore on their work wardrobe from greater than two years in the past. Their tastes or measurement could have modified in the course of the pandemic, or their firm may need amended expectations […]

The IRS has sent more than 78 million refunds. How to check on yours

The IRS has despatched greater than 78 million refunds. How one can test on yours

In case you filed a last-minute tax return, you might even see your 2021 refund quicker than you’d anticipate.  9 out of 10 refunds have arrived inside 21 days this season, according to the IRS. As of April 15, the company has issued greater than 78 million refunds price over $242 billion in whole, and […]

Here's the insurance advisors say you'll need at each stage of life

Here is the insurance coverage advisors say you will want at every stage of life

Eric Audras / Getty Photographs What kind of insurance coverage ought to you might have at totally different levels of your life? When requested, monetary advisors pointed to incapacity and life insurance coverage as most necessary type of protection at any stage, as they apply all through our lives. As well as, advisors mentioned usually […]

Fight to protect consumers from bad investment advice advances slowly

Combat to guard shoppers from dangerous funding recommendation advances slowly

William F. Galvin, Secretary of the Commonwealth of Massachusetts, at a press convention on Sep. 10, 2018. Galvin championed a state rule governing funding recommendation, which a decide invalidated in March 2022. Michael Swensen for The Boston Globe by way of Getty Photos The combat to guard shoppers from dangerous funding recommendation has been a […]

Heading to a new job? Don't forget about your 401(k) plan

Heading to a brand new job? Do not forget about your 401(okay) plan

Three Spots | Istock | Getty Pictures Whenever you get a brand new job, there could also be quite a lot of belongings you wish to overlook solely about your former employer. Simply be certain your 401(okay) plan is not certainly one of them. Whereas you will have choices for the best way to deal […]

How older workers can push back against the reality of ageism

Fretting about rising inflation? I bonds could quickly pay 9.62%

Eakgrunge | Istock | Getty Pictures Much less threat typically means decrease returns. However that is not the case with I bonds, an inflation-protected and government-backed asset, which can quickly pay an estimated 9.62%. I bonds at the moment provide 7.12% annual returns by means of April, and the charge could attain 9.62% in Might based mostly […]

62% of workers view employer 401k match as key way to reach retirement

62% of staff view employer 401k match as key technique to attain retirement

Blackcat | E+ | Getty Photos In case your employer’s contributions to your 401(ok) plan are a giant a part of your retirement planning, be certain you perceive when that cash will really belong to you. Vesting schedules — the size of time you have to be at an employer for its contributions to be […]