The Thrift Savings Plan for retirement savings mirrors index funds that invest in such stocks. There’s a fix.
Families create foundations typically to establish a long-term philanthropic legacy, but a new study shows some want to see the immediate impact of their giving.
Your colleagues choose the investments. Be polite. Respect their duty to act in your best interest. Bring friends. And keep trying.
Bob Parsons and David Neeleman each built successful businesses in competitive industries by offering exceptional experiences, not chasing wealth.
Under the Secure Act, approved in December, up to $10,000 can be used to repay student loans. The law also allows 529 funds to be used for apprenticeships.
Regulators are considering easing regular people’s access to the private market where promising start-ups get their funding.
Experts suggest everything from following a three-month repayment plan to selling used clothes and toys or temporarily reducing your 401(k) contributions.
FINRA fined LPL Financial, J.P. Morgan Securities, Morgan Stanley, Merrill Lynch and Citigroup for failing to ensure asset transfers on legally mandated dates for at least 80,585 accounts. Most of the failures — or 53,384 — came from Morgan Stanley. Merrill Lynch had the second-highest failure rate with 15,366. Collectively, the firms will pay $1.4 million in fines across separate cases, in amounts ranging from $200,000 to $300,000 each. The companies consented to FINRA’s findings without admitting or denying the charges.
As baby boomers begin to move transfer trillions of dollars to their heirs through trusts or inheritance, “the wealth transfer issue is going to be significant” for the financial services industry in coming decades, says Benjamin Edwards, a professor of law and director of the Investor Protection Clinic at the University of Nevada in Las Vegas.
Despite the hefty costs of owning a private plane, this has been a banner year for sales. That’s mainly because of a big tax break and a strong economy.
The private Concours Club in Miami aims to create a golf club feeling for car enthusiasts. Tracks like it are scattered across the U.S., but they aren’t cheap.