Some pension plans let retirees choose between smaller lifelong income payments or a large lump sum. If one or both spouses are in line to receive pensions, a couple should at least explore some of the possibilities for lump sum investment.
The United States rolled out a major wave of import tariffs targeting 60 trading partners, invoking Section 301 of the Trade Act of 1974 to enforce a standard tax on incoming foreign goods. The new measures impose a baseline duty of either 10% or 12.5% on affected nations, replacing a temporary 10% global tariff that expired on July 24. These 60 trading partners represent approximately 99% of all U.S. imports. Standardized Rates and Key Exemptions Under the Office of the U.S. Trade Representative (USTR) rulings, tariff rates are tiered based on international efforts to combat forced labor: 12.5%...
Market Recap August was another positive month for stocks, despite plenty of reasons for investors to worry. Markets faced concerns about inflation, a slower job market, higher interest rates, uncertainty around Federal Reserve policy, and ongoing...
Millions of federal student loan borrowers can now secure a larger...
U.S. financial markets delivered a dramatic, roller-coaster week for...