Target-date funds (TDFs) have rapidly gained popularity as a staple in many 401(k) retirement plans. Acting as a default investment for employees who are automatically enrolled, these funds allow investors to “set it and forget it.” As of 2023, approximately 29% of assets in the average 401(k) are allocated to TDFs, demonstrating a significant increase
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In a groundbreaking move announced on Monday, Disney and Fubo have initiated a merger that will reshape the landscape of internet-based television. By combining their respective Hulu+ Live TV service with Fubo’s offerings, Disney is poised to become the majority owner of this newly formed entity, holding a significant 70% stake, while the existing Fubo
As the media landscape evolves, traditional television faces significant competition from emerging digital platforms and social media. Comcast has recognized this shifting dynamic and plans to launch a transformative advertising initiative, known as Universal Ads. This new platform aims to streamline the process for smaller businesses seeking to purchase advertising spots on premium video content,
In an era where the quest for affordable housing has become increasingly elusive, stories of individuals like When Will Hunnicutt epitomize the challenges many face in major urban centers such as Atlanta. Hunnicutt, a 30-year-old social worker, initially encountered the stark reality of rising rental prices and application rejections that left him feeling overwhelmed. The
As we embark on a new financial year, many individuals are looking at their retirement plans with a fresh perspective. According to a recent CNBC poll, approximately 40% of Americans find themselves lagging in retirement savings. This statistic is alarming and highlights the urgent need for strategic financial planning. However, rather than panic, this is
The financial world is buzzing with excitement after the remarkable stock market rally in 2024, where the S&P 500 surged an impressive 23%, leading to a cumulative increase of 53% over two years. This level of return marks a significant milestone, reminiscent of the market’s performance in the late 1990s. However, as investors celebrate these
In recent weeks, there has been a noticeable shift in homeowner behavior concerning mortgage refinancing. Many current homeowners seemed to have taken some time to recognize the significant drop in mortgage rates, but once they did, they acted decisively. A report from the Mortgage Bankers Association indicates a staggering 35% increase in refinance applications over
On a dramatic Tuesday, the South Korean stock market experienced significant turbulence following President Yoon Suk Yeol’s announcement of martial law. This unprecedented move sparked fears across global markets, as investors reacted to the potential destabilization of the world’s 13th largest economy. The iShares MSCI South Korea ETF, which serves as a benchmark for large
With the impending transition of power in the United States government, federal student loan borrowers, numbering approximately 40 million, find themselves at a crossroads. As President Biden prepares to exit office, the electorate is bracing for shifting policies concerning student debt—issues that are exacerbated by the contrasting views of President-elect Donald Trump regarding student loan
As the New Year approaches, many households are placing a renewed focus on managing their personal finances. A recent survey conducted by Allianz Life highlights that around 38% of Americans prioritize financial stability above all else for 2025. With this in mind, certified financial planners have shared crucial resolutions that households should adopt to foster