How to know if a rental listing is a scam, fraud experts say
Eleganza | E+ | Getty Images It’s exciting to find a new place to rent in your neighborhood or in a new city. That is, of course, unless you get duped. In so-called rental listing scams, scammers will make up listings that aren’t available for rent or simply do not exist in order to fraudulently […]
There’s a big inherited IRA change in 2025. How to avoid a penalty
Greg Hinsdale | The Image Bank | Getty Images Inheriting an individual retirement account is a windfall for many investors. However, a lesser-known change for 2025 could trigger a costly surprise penalty, financial experts say. Starting in 2025, certain heirs with inherited IRAs must take yearly required withdrawals while emptying accounts over 10 years, known […]
Here’s how to maximize your 401(k) plan for 2025 with higher limits
Lordhenrivoton | E+ | Getty Images If you’re eager to save more for retirement, you could be overlooking ways to maximize your 401(k) plan, including key changes for 2025. Some 40% of Americans are behind on retirement planning and savings, according to a CNBC poll conducted by SurveyMonkey, which polled 6,657 U.S. adults in August. […]
Here’s how to pay for taxes on your Roth IRA conversion, advisors say
Srdjanpav | E+ | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. When a Roth conversion is completed, you’ll owe regular income taxes on the converted balance, based on your current-year taxable income. Ideally, you’re “managing the tax bracket,” said CFP Jim Guarino, managing director at […]
The stakes on tax policy are high as the election nears. Here’s how to prepare
Investors have a close eye on the Nov. 5 presidential election, but Congressional contests deserve attention — as they could shape tax policy and the next steps investors take to prepare. “Whatever happens with the election next week, it’s still going to take time for some significant tax law to come through,” said Stephen Bigge, […]
How to keep your portfolio steady in volatile times as the election approaches
The election is just a week away – and markets may be about to enter a rocky period – but investors can take a few steps to ensure their portfolios are ready to handle potential shocks. The S & P 500 is toting a 1.3% gain in October, but it’s up more than 22% in […]
How to play the market for small nuclear reactors that tech is creating
The next generation of nuclear technology could be moving closer to becoming a reality, driven by the tech sector’s growing demand for electricity to power artificial intelligence. Small modular reactors , or SMRs, promise to reduce capital costs and accelerate construction timelines that typically plague nuclear plants, but the technology has struggled to reach the […]
How to leverage higher income limits for the 0% capital gains bracket
dowell | Moment | Getty Images The earnings limit for the 0% capital gains bracket will rise in 2025, which could offer tax planning opportunities, financial experts say. At sale, profitable assets owned for more than one year qualify for lower taxes — known as long-term capital gains. Those rates are 0%, 15% or 20%, […]
The great wealth transfer is underway. Here’s how to prepare
Andreswd | E+ | Getty Images The great wealth transfer is underway and families need to prepare, according to certified financial planner Stacy Francis, president and CEO of Francis Financial in New York City. An estimated $84 trillion of wealth will change hands by 2045, with the majority going to Gen X and millennial heirs, […]
Here’s how to know if active ETFs are right for your portfolio
Izusek | E+ | Getty Images Exchange-traded funds are generally known for passive strategies. But there has been a surge in actively managed ETFs as investors seek lower costs and more precision, experts say. Active ETFs represented just more than 2% of the U.S. ETF market at the beginning of 2019. But these funds have […]