The San Francisco real estate market has been facing significant challenges in recent times, with the vacancy rate for office space reaching a record high of 34.5% in the second quarter. This is a substantial increase from 33.9% in the first quarter, 28.1% in the same period a year ago, and a mere 5% before
Consulting
The latest data on 401(k) savings rates shows a promising trend of growth and record-high numbers. The average combined savings rate in 2023 matched a record high from the previous year, reaching an estimated 11.7%. Furthermore, a separate report from Fidelity for the first quarter of 2024 indicated a combined rate of 14.2%, setting a
The Federal Reserve recently announced that interest rates will remain unchanged with only one possible cut expected before the end of the year. This decision implies that individuals carrying balances on their credit cards will not be seeing much relief from the prevailing sky-high interest charges. According to Matt Schulz, chief credit analyst at LendingTree,
Gen Z is proving to be a generation that is ahead of the curve when it comes to investing. According to the 2024 Schwab Modern Wealth survey, Gen Z adults are starting their investment journey at the young age of 19 on average. This is a stark comparison to the baby boomers who began investing
As we approach the second-quarter estimated tax deadline for 2024 on June 17, it is crucial to understand the significance of making timely payments to avoid penalties. The IRS mandates that individuals who earn income without withholdings, such as from contract jobs, freelancing, gig economy work, or small businesses, must make quarterly estimated tax payments.
Homeowners across the United States are sitting on near-record amounts of home equity. The total home equity for U.S. mortgage holders has surged to over $17 trillion, making it a lucrative option for those looking to leverage their assets towards financial goals. This increase in equity per borrower, which has risen to approximately $305,000 from
Mega backdoor Roth conversions are a powerful strategy that can significantly boost tax-free retirement savings for individuals who exceed the income limits for traditional Roth IRA contributions. This maneuver involves making after-tax contributions to a 401(k) plan and then converting these funds to a Roth IRA. Unlike regular backdoor Roth conversions, mega backdoor conversions allow
In a recent viral TikTok video, content creator Megan Boni humorously sang about her search for a man in finance with specific physical attributes. The video garnered millions of views, sparking discussions about the allure of dating financially successful men. While the lyrics were meant to be satirical, they highlighted a common trend of women
Investors looking for stability and growth potential may want to consider tech giant IBM. With a solid track record of paying dividends and generating free cash flow, IBM offers a dividend yield of about 4%. Despite facing challenges in the first quarter, including a mixed revenue performance and macro uncertainties, IBM remains a favorite among
In light of the COVID-19 pandemic and its subsequent impact on travel, Chinese high-income households are now showing a preference for domestic travel over international destinations. A recent survey by consulting firm Oliver Wyman revealed that only 14% of families earning at least 30,000 yuan a month in mainland China, who traveled internationally last year,