Studying finance books can significantly enhance your financial understanding and help you achieve your objectives. Introductory texts provide fundamental principles, whereas more advanced ones explore detailed investment tactics. The books you choose depend largely on your goals. Reflect on why you’re reading a personal finance book: whether it’s to eliminate debt, plan for retirement, or
ERIK S LESSER / EPA-EFE / Shutterstock.com Many millennials are closely following the presidential race between President Joe Biden and former President Donald Trump. After all, the winner and his policies will have a major impact on millennials and their financial futures. Learn About: 5 Changes That Could Be Coming for the Middle Class If
Savers, time for your happy dance. Interest rates will stay higher for longer in 2024. The Federal Reserve held interest rates at a 23-year high this week while curtailing its estimate of rate cuts this year from three to one. Elevated rates are certainly sweet news for short-term savers, “with the top yields on savings
It’s all about the taxes. That’s the key concept for retirement savers specifically because IRAs and 401(k)s are only tax-deferred — not tax-free. “These funds have not yet been taxed, so you need a plan to minimize these taxes [so you] can keep more of your hard-earned retirement money,” Ed Slott, a certified public accountant
In your retirement years, you may think you no longer have to worry about taxes because you’re no longer working a traditional job, but that is not the case. If you don’t think about your tax situation, and plan for it strategically, you can find yourself paying more than you need to at a time
Until a few months ago, Kloe Lloyd, who works as a policy and advocacy associate for a research firm in Washington, D.C., did not have saving for retirement on her to-do list. “It’s been a struggle,” the 25-year-old told Yahoo Finance. “A lot of Gen Zers like me got a late start with our career
There’s a huge chasm between what Americans say they’ll need in retirement and how much they actually have socked away — regardless of age. On average, Americans estimate they should save $1.46 million for a comfortable retirement, a new Northwestern Mutual study out this week found. That’s a 15% increase over last year and a
JasonDoiy / Getty Images Even though Tesla’s stock value has had a rough couple of months, the electric car manufacturer is still worth 10 times more than it was 10 years ago. As one of the top stocks in the S&P 500, Tesla has driven a good share of the market’s growth in recent years.
ozgurdonmaz / Getty Images For many investors, Apple’s stock is the definition of “the one that got away.” Some of those who saw its potential during the company’s early days could have made millions in returns. Even during the past 10 years, Apple investors could have made significant profits as the stock’s value rose tenfold.
After a mixed showing to start 2024, nearly all of the portfolios in the federal government’s 401(k)-style retirement savings program posted positive returns last month. In February, only the Thrift Savings Plan’s fixed income (F) fund finished the month in the red, dropping 1.41%. So far this year, the F Fund has lost 1.50% in