Author: News Room

Congress and the IRS made inheriting an IRA a very complicated, confusing event. Inherited IRAs are accompanied by a host of little-known rules that are traps for the unwary. In this post, I discuss the classic misunderstandings and mistakes about inherited IRAs. I’m not going to discuss the more recent difficulties brought by the enactment of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in 2019 and the issuance of regulations under that law. Those rules are important but are discussed in detail elsewhere. There’s a host of under-the-radar rules beneficiaries need to know to minimize taxes and…

The US Supreme Court has upheld a divest-or-ban law targeting TikTok, leaving the video app warning of an imminent blackout for its 170mn US users and putting its fate in the hands of president-elect Donald Trump.The law compels TikTok’s Chinese parent ByteDance to sell the platform by January 19 — the day before Trump returns as US president — or face a nationwide ban.“There is no doubt that, for more than 170mn Americans, TikTok offers a distinctive and expansive outlet for expression, means of engagement, and source of community,” the Supreme Court wrote in a unanimous opinion published on Friday.…

This article was written byFollowFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having expertise in thematic investing, market events, client education, and compelling investment outlooks, I relate to everyday investors in a pithy way. I enjoy analyzing…

The devastating wildfires that are ravaging Los Angeles are a stark reminder of how vulnerable older adults can be during disasters. Tragically, some elders who were mobility challenged or who had no transportation to allow them to escape, lost their lives in those fires. This highlights the critical need for proactive disaster preparedness. If your aging loved ones anywhere have mobility issues, cognitive impairments, vision or hearing loss, this subject of preparedness needs your close attention. Here are some thoughts from lessons we learn in these disasters: Understand Aging Parents’ Unique Needs Start by assessing your parents’ specific situation: Health…

Stay informed with free updatesSimply sign up to the Mining myFT Digest — delivered directly to your inbox.Rio Tinto and Glencore held talks last year about combining part or all of their businesses, in an indication of how the push by mining companies to secure metals needed for the energy transition has focused executives on large-scale deals.The London-listed companies engaged in early-stage talks as recently as October, according to people familiar with the matter, but the discussions did not progress to a deal.A full-blown merger between Rio and Glencore — which have market capitalisations of $103bn and $55bn, respectively —…

This article was written byFollowFinancial Analyst and Portfolio Manager for over 3 decades, with a 5 Star tipranks rating in the top 5%.I love to find great, undervalued, best-in-class companies using the same fundamental analysis and strategies used by Warren Buffett and Peter Lynch.Analyst’s Disclosure: I/we have a beneficial long position in the shares of PATH. MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned…

Capital One said it is experiencing a technical outage that’s keeping customers from getting payments.  The issue is tied to a third-party vendor and is “temporarily impacting some account services, deposits, and payment processing for portions of our consumer, small business, and commercial bank,” the bank posted on X. The company posted a follow-up message saying it is actively working with the vendor to resolve the issue and restore services.  CAPITAL ONE SUED BY CFPB FOR ALLEGEDLY CHEATING CUSTOMERS OUT OF $2 BILLION “We know it’s important to have your money when you need it, so we apologize for any inconvenience…

Mortgage rates continued their upward climb this week, leaping above 7% and adding further pressure on the stagnant housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage jumped to 7.04%, up from last week’s reading of 6.93%. The average rate on a 30-year loan was 6.60% a year ago. “Mortgage rates ticked up for the fifth consecutive week and crossed seven percent for the first time since May of 2024,” said Sam Khater, Freddie Mac’s chief economist. “The underlying strength of the economy is contributing to this…

In workshops, I like to ask participants if they have a legal will—a written document that outlines how they want to distribute their financial assets. And hands shoot up. Then I ask them if they have an ethical will. Very few hands go up. An ethical will is often called a legacy letter. Both are ways to share and pass on our beliefs, values, stories, and life lessons. contain your wishes, thoughts, feelings, memories, life lessons—anything you hold dear. These written documents help repair relationships by making amends. After my son graduated from college and moved out, I found a…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldUS President Joe Biden has warned that an “oligarchy is taking shape in America” that risks damaging American democracy, as he blasted an emerging “tech industrial complex” for delivering a dangerous concentration of wealth and power in the country. Biden’s comments during a farewell address to Americans from the Oval Office on Wednesday night amount to a veiled attack on Donald Trump’s closest allies in corporate America, including tech billionaire Elon Musk, just five days before he transfers power to…