In recent years, the U.S. stock market has seen a significant increase in concentration, with just a handful of companies dominating the market. This growing trend has raised concerns among experts about the potential risks it poses to investors. For instance, the top 10 stocks in the S&P 500 accounted for 27% of the index
Personal
When it comes to planning for retirement, most individuals focus on the typical factors such as savings rate and total nest egg. However, one crucial element that often gets overlooked is life expectancy. The question of how long you will live impacts how much money you need to set aside for your retirement. Unfortunately, predicting
Recent developments in the U.S. legal system have cast a shadow of uncertainty over the future of wealth tax proposals targeting the ultra-rich. The Supreme Court’s ruling in Moore v. United States, which blocked a challenge to the “mandatory repatriation tax,” has raised concerns among experts regarding the feasibility of such tax measures. The case,
As the summer months approach, many people begin planning for their vacations. However, a concerning trend has emerged where more and more Americans are going into debt in order to fund their summer travel plans. According to a recent survey from Bankrate, 36% of Americans intend to take on debt to cover their vacation expenses.
The Federal marketplace has been a source of affordable health insurance for many individuals through the premium tax credit. However, without action from Congress, premiums could increase significantly after 2025. Gideon Lukens, from the Center on Budget and Policy Priorities, warns that if the benefits of the credit expire after 2025, virtually everyone will face
President Joe Biden and former President Donald Trump are gearing up for the first presidential debate of the 2024 general election. One of the key topics that experts believe will take center stage during this debate is tax policy. Both candidates will have the opportunity to showcase their stance on tax-related issues, particularly the Republicans’ expiring
Cody Gude, a 35-year-old Tampa, Florida resident, was eagerly anticipating a decrease in his monthly student loan payment from $200 to $100 under the new Saving on a Valuable Education (SAVE) plan. The plan, introduced by President Joe Biden, promised to provide substantial relief to student loan borrowers by reducing their monthly payments based on
As individuals approach retirement, especially those with significant balances in pre-tax retirement accounts such as 401(k) plans or IRAs, it is crucial to have a solid plan in place to manage future tax implications. According to financial experts, there is a looming “tax time bomb” that retirees may face when required minimum distributions (RMDs) come
Many people across the United States are facing a retirement savings crisis, with their 401(k) plans and other retirement balances falling short of what they will need to live on during their golden years. The Transamerica Institute and its division, Transamerica Center for Retirement Studies, conducted new research that revealed a concerning trend among American
The recent surge in inflation has had a significant impact on retirees and near-retirees, causing many individuals to reconsider their retirement plans. Research from Prudential Financial reveals that a substantial number of 55 and 65-year-olds are facing challenges due to the rise in price growth. According to the survey, 43% of 65-year-olds have postponed their