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This article was written byFollowStephen Simpson is a freelance financial writer and investor.Spent close to 15 years on the Street (sell-side, buy-side, equities, bonds).Analyst’s Disclosure: I/we have a beneficial long position in the shares of PHIN 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 in this article. Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given…

As the end of the year approaches, you should be asking yourself what tax strategies you might be missing out on. Depending on your situation, there are many different ways to reduce taxes. The best person to ask about this is your tax advisor. It helps, however, if you go into that meeting with specific questions. If you have children, one question you might consider asking is how establishing a Child IRA could help reduce family taxes and whether you’re eligible to take advantage of this underutilized benefit. Current contribution limits for Child IRAs A Child IRA is not much…

Two years of escalating confrontation in the South China Sea have persuaded the Philippines that going head-on against Beijing is not viable as it tries to police one of the world’s largest maritime territories.Direct clashes with the Chinese coastguard — accused of behaving “like Vikings” — threaten to exhaust Manila’s limited resources, according to Philippine government officials. They said the country had to balance securing its western flank, where China is most active, with the need to safeguard the rest of its maritime interests across 7,000 islands where smuggling and piracy are perennial threats.“We cannot go toe to toe with…

This article was written byFollowNationally ranked stock picker for 30 years. Victory Formation and Bottom Fishing Club quant-sort pioneer…..Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was Editor and Publisher of the Maverick Investor® newsletter during the 1990s, widely quoted by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among top investment advisors nationally for stock market and commodity macro views by Timer Digest® during the 1990s. Mr. Franke was ranked #1 in the Motley Fool® CAPS stock picking contest during parts of 2008 and 2009, out…

Experts are sounding the alarm over a new report indicating credit card loan defaults soared this year, warning the dam is about to break on Americans’ record-high consumer debt. During the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to a report from the Financial Times citing data analyzed by BankRegData. That’s an increase of 50% from the first three quarters of 2023, and the highest since 2010. “High-income households are fine, but the bottom third of US consumers are tapped out,” Mark Zandi, head of Moody’s Analytics, told…

By Rachel Leland, Next Avenue While reliable data shows that the very rich are, for the most part, getting much richer, some families go from “riches to rags” by failing to carefully pass down wealth from generation to generation. Some financial advisers tell their clients that only 30% of high-net-worth families succeed in transferring their wealth for two or more generations. Success in this context is defined by the Institute for Preparing Heirs as having a plan that “results in future generations retaining the family financial assets while remaining a unified family” (emphasis added). Skeptics say the institute’s narrow definition…

Unlock the White House Watch newsletter for freeYour guide to what the 2024 US election means for Washington and the worldJimmy Carter, the 39th US president who later won the Nobel Peace Prize for his humanitarian work, has died at the age of 100, the Carter Center said on Sunday.He died peacefully on Sunday at his home in Plains, Georgia, surrounded by his family, the human rights organisation he founded said in a statement.Carter was the longest-living president in US history, having celebrated his 100th birthday on October 1 this year. His death came over a year after his wife…

It’s no secret that many people today are living longer compared to previous generations, extending their retirement years well into their mid-80s and 90s. That means that today’s older workers will need to fund longer retirements. Unfortunately, however, many are approaching their retirement years with modest savings. How can you address both of these critical issues? You can start by rethinking your arc of life. Let’s contrast the course of a typical life in the 20th century, the period when many of today’s older workers grew up and formed expectations of the life stages they’d experience. Retirement And The 20th…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Vladimir Putin has apologised to Azerbaijan for what he described as a “tragic incident” involving an Azerbaijani aircraft in Russian airspace on Christmas Day.Moscow phoned Azerbaijani president Ilham Aliyev and the Russian president expressed “deep and sincere condolences” to the families of those affected, the Kremlin’s press office said on Saturday. The Azerbaijan Airlines Embraer 190 plane was flying from Baku to Grozny on Christmas Day when it diverted across the Caspian Sea and crash-landed near Aktau, Kazakhstan, killing 38 of the 67…

It’s always a good idea to revisit your retirement plans to see how you can make changes that can help you be more financially secure, healthy, and satisfied with life. And what better time than the start of a new year? With these goals in mind, here are five New Years’ resolutions to reflect upon and consider. Pick the goal or goals that resonate most with you. Revisit Your Bucket List It always helps to have something to look forward to. This can motivate you to spend the time it takes to put your dreams into motion. As you age,…