The 4% rule, a cornerstone of retirement planning for many, faces new scrutiny as we approach 2025. Traditionally, this guideline has provided retirees with a framework to determine a sustainable withdrawal rate from their retirement accounts, designed to last through a three-decade retirement period. However, evolving market conditions indicate that a reassessment of this rule
Cash
In today’s dynamic housing market, the mortgage application process can pose various challenges, particularly for those with non-traditional income sources. While many prospective homeowners may dream of owning their property, numerous factors can result in a mortgage application being denied. One significant reason often cited is “unverifiable income,” which can create hurdles for applicants. Understanding
The recent discussions surrounding interest rates have been particularly pertinent in the United States, especially after the Federal Reserve hinted at a slower pace of rate cuts than many anticipated. For individuals grappling with debt, these developments may seem discouraging. On the flip side, savers, particularly those who have positioned their funds in high-yield cash
In the world of stock market investments, seeking income through dividends has long been a popular strategy. One notable approach, the “Dogs of the Dow,” focuses on selecting stocks from the Dow Jones Industrial Average that offer the highest dividend yields at the beginning of each year. The slightly lesser-known variation, the “Dogs of the
In a recent announcement, the Internal Revenue Service (IRS) is set to distribute automatic payments of up to $1,400 to around one million taxpayers who neglected to claim the 2021 Recovery Rebate Credit on their tax returns for that year. This initiative aims to provide financial relief to eligible individuals who missed out on significant
In a noteworthy development for the real estate sector, the National Association of Realtors (NAR) reported a 4.8% increase in sales of previously owned homes in November compared to the previous month. This uptick brings the annualized pace of home sales to 4.15 million units, marking the third-highest level this year and reflecting a solid
In the ever-evolving financial landscape, investors frequently adjust their portfolios to seize opportunities as they arise. The latest trades executed by Jim Cramer’s Charitable Trust serve as an insightful case study on how to navigate market fluctuations. Recently, the Trust has acquired 25 shares of Home Depot at approximately $407 each and 15 shares of
As retirement approaches, the importance of adequately funding your 401(k) plan cannot be overstated. Financial experts recommend taking proactive steps to increase contributions well ahead of the upcoming year. With the IRS increasing the contribution limit for 2025 to $23,500, a rise from $23,000 in 2024, now is the opportune moment to reassess your savings
A recent report from Cerulli Associates reveals a groundbreaking forecast for the asset management industry: financial advisors are predicted to shift a greater proportion of client assets into exchange-traded funds (ETFs) than into mutual funds for the first time by 2026. This change signifies a crucial turning point in investment strategies as nearly all advisors,
As the Federal Reserve gears up for yet another potential interest rate cut this week, a wave of analysis highlights a unique opportunity for savers looking to enhance their cash returns. The prevailing sentiment among financial analysts suggests that with competitive offerings in savings accounts, money markets, and certificates of deposit (CDs), now is an