invest

Three Accounts ‘Average Joes’ Can Use To Invest Like Millionaires: Maximizing Roth IRAs, 401(k)s, and Tax-Free Withdrawals

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Three Accounts ‘Average Joes’ Can Use To Invest Like Millionaires: Maximizing Roth IRAs, 401(k)s, and Tax-Free Withdrawals

Wealthy people often use the most commonly available banking and investment accounts to compound their wealth and avoid tax liabilities on future withdrawals. They love liquidity and tax benefits and generally maintain a frugal lifestyle. For these reasons, high-net-worth individuals often gravitate towards tax-advantaged accounts like 401(k), Roth IRAs, and brokerage accounts that offer them … Read more

Do You Job Hop for Higher Pay? Vanguard Says It Could Cost You $300K in Retirement Savings

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Do You Job Hop for Higher Pay? Vanguard Says It Could Cost You 0K in Retirement Savings

Employers can leverage a shared database to ensure new workers receive better or at least the same default savings rates for retirement plans they were receiving from their previous employers. Sora Shimazaki/Pexels.com People who change jobs often might make more money than average in the long run. However, many of them experience opportunity costs that … Read more

American Dream Accounts Act: New Bill Proposes $25K For Every US High School Graduate Via Social Security Investment

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American Dream Accounts Act: New Bill Proposes K For Every US High School Graduate Via Social Security Investment

US Representative Dean Phillips, serving the 3rd congressional district of Minnesota, floated a new bill under the Social Security program that would offer approximately $25,000 to all US citizens when they graduate from high school or receive their GED certificates. Those with disabilities could be exempt from the high school diploma or GED requirement. Investment … Read more

‘How Do I Split $7 Million Between My Son Who’s Bad with Money and My Husband’s Ungrateful Kids?’

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‘How Do I Split Million Between My Son Who’s Bad with Money and My Husband’s Ungrateful Kids?’

A 74-year-old woman and her husband of nearly 30 years have a combined net worth of $7 million. As the couple prepared their estate plans, the woman struggled to come to terms with the money-savvy husband’s decision to divide their net worth equally between their two boys. She explained her confusion in a recent MarketWatch … Read more

Tesla Day Trader Loses Entire $306M Fortune, Sues Canadian Bank For ‘Misleading’ Financial Advice

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Tesla Day Trader Loses Entire 6M Fortune, Sues Canadian Bank For ‘Misleading’ Financial Advice

Carpenter Christopher DeVocht from the Sooke community of British Columbia, Canada, is among the few day traders who have grown thousands of dollars to hundreds of millions in a short span and then lost it all. DeVocht started as most traders do, following trading forums and backtesting strategies, but little did he know his C$88,000 … Read more

‘It’s A Sinking Ship’: Couple About To Retire With Nearly $1M In Assets Is Spending 113% Of Their Income

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‘It’s A Sinking Ship’: Couple About To Retire With Nearly M In Assets Is Spending 113% Of Their Income

Michelle and Ryan, in their early 40s, have a net worth of $970,000 but need help with daily finances. They continue to dig into their savings for regular expenses despite Ryan earning $140,000 annually. The couple spends a lot on their three kids and avoids telling them they don’t have the money. “I don’t say, … Read more

45% Americans Could Run Out Of Money In Retirement Despite Financial Planning: 4 Mistakes To Avoid

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45% Americans Could Run Out Of Money In Retirement Despite Financial Planning: 4 Mistakes To Avoid

A Morningstar Center for Retirement & Policy Studies research leveraged a new simulation tool to find that 45% of Americans retiring at 65 face risks of running out of money in retirement as people live longer and share greater responsibility for their retirement savings. The simulation considered attributes like health conditions, nursing home expenses, and … Read more

Pelosi’s Husband Sold $500K in Visa Shares Just Before DOJ’s Lawsuit Hit, Tanking the Stock

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Pelosi’s Husband Sold 0K in Visa Shares Just Before DOJ’s Lawsuit Hit, Tanking the Stock

Investors are increasingly tracking congressional trades as popular Congress members continue to retain high stock market returns amid prolonged economic volatility. California representative and former House Speaker Nancy Pelosi is also known for making highly profitable trades that helped her stock portfolio return over 700% since 2014. While Nancy Pelosi’s husband, Paul, carries out the … Read more

Warren Buffett Entrusts His Children With ‘Not So Easy’ Task To Donate His $143 Billion Wealth; Eldest Son To Become Next Berkshire Hathaway Chairman

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Warren Buffett Entrusts His Children With ‘Not So Easy’ Task To Donate His 3 Billion Wealth; Eldest Son To Become Next Berkshire Hathaway Chairman

Berkshire Hathaway chair Warren Buffett is the sixth wealthiest person in the world, with a net worth of $143.7 billion. The 94-year-old billionaire investor appears to prioritise his estate plans while continuing to steer Berkshire’s investment decisions. The Oracle of Omaha has decided to donate his entire wealth to charitable trusts when he passes away. … Read more

Warren Buffett Avoids Nike Stock Despite Billionaire Investors Buying Heavily as CEO Change Boosts Rebound Prospects

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Warren Buffett Avoids Nike Stock Despite Billionaire Investors Buying Heavily as CEO Change Boosts Rebound Prospects

Billionaire investors and renowned hedge fund managers, such as Pershing Square Capital Management’s Bill Ackman, Citadel’s Ken Griffin, and Susquehanna International Group co-founder Jeff Yass, bought millions of Nike shares in Q2 despite the company struggling to retain the top market spot due to headwinds on multiple fronts. Shares are down over 20% year-to-date and … Read more