Author: Press Room

A smart use of any retirement savings you’ve set aside in Roth IRAs and/or Roth 401k accounts can help you reduce the income taxes you’ll pay during retirement and also boost your wealth for future needs and goals. This post looks at three possible ways to strategically use your Roth accounts during your retirement to make the most of your retirement savings. First, let’s learn some basic rules you need to know to understand these strategies. Basic Rules About Roth Accounts Anyone can contribute to a Roth IRA, provided you meet the eligibility rules summarized later in this post. You…

Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders who compensate us for our services, all opinions are our own. The interest rate on a 30-year fixed-rate mortgage is 6.490% as of August 9, which is unchanged from yesterday. Additionally, the interest rate on a 15-year fixed-rate mortgage is 5.625%, which is also unchanged from yesterday. With mortgage rates changing daily, it’s a good idea to check today’s rate before applying…

Federal Reserve officials at their July meeting moved closer to a long-awaited interest rate reduction, but stopped short while indicating that a September cut had grown increasingly probable, minutes released Wednesday showed.”The vast majority” of participants at the July 30-31 meeting “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting,” the summary said.Markets are fully pricing in a September cut, which would be the first since the emergency easing in the early days of the Covid crisis.While all voters on the rate-setting Federal Open Market Committee voted…

There’s a lot of debate about how much signal to take from the 818,000 downward revisions to U.S. payrolls — the largest since 2009. Is it signaling recession?A few facts worth considering:By the time the 2009 revisions came out (824,000 jobs were overstated), the National Bureau of Economic Research had already declared a recession six months earlier.Jobless claims, a contemporaneous data source, had surged north of 650,000, and the insured unemployment rate had peaked at 5% that very month.GDP as reported at the time had already been negative for four straight quarters. (It would subsequently be revised higher in the…

When Vice President Kamala Harris selected Minnesota Gov. Tim Walz as her running mate, the national spotlight fell on the North Star State. Upper Midwest culture and cuisine turned into lighthearted talking points for the talking heads: the long-winded “Minnesota Goodbyes”; the duality of “Minnesota Nice”; and the prevalence of pop, tater tot hotdishes and Ju(i)cy Lucys (that’s soda, casseroles, and variantly spelled cheese-filled burgers for those who have yet to visit). Heck, even Sweet Martha’s overflowing pail of cookies (a State Fair staple) got a shout-out on “The Daily Show.” All the Minnesota niceties aside, Walz’s elevation means his…

Keysight Technologies, Inc. (NYSE:KEYS) Q3 2024 Earnings Conference Call August 20, 2024 4:30 PM ET Company Participants Jason Kary – Vice President, Treasurer and Investor RelationsSatish Dhanasekaran – President and Chief Executive OfficerNeil Dougherty – Executive Vice President and Chief Financial OfficerMark Wallace – Senior Vice President, Global Sales Chief Customer Officer Conference Call Participants Mark Delaney – Goldman SachsAaron Rakers – Wells FargoMichael Allen – Deutsche BankDavid Ridley-Lane – Bank of AmericaMeta Marshall – Morgan StanleyMehdi Hosseini – SIGAdam Thalhimer – Thomas DavisRob Jameson – Vertical Research PartnersPriyanka Thapa – JPMorgan Operator Good day, ladies and gentlemen, and welcome…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Business groups have warned of “devastating” consequences for the North American economy as 9,300 workers threaten a strike against Canada’s two largest freight railways as soon as Thursday. Canadian National and Canadian Pacific Kansas City said they plan to lock out railway workers and shut down their operations in the country if they cannot reach an agreement on pay and work schedules with the Teamsters Canada union before their labour contracts expire later this week. The two railways stretch across Canada, into…

Grisham reveals what Trump is like when cameras are off Former Trump White House press secretary Stephanie Grisham spoke at the Democratic National Convention about what Donald Trump was like behind closed doors and what led her to leave the White House. Read the full article here

It is not a rare thing that as wealthy aging parents decline, some relatives seem to come out of the woodwork. They may not have spoken to Mom or Dad in years. But suddenly, they are so interested. They’ve learned one way or another that the parent is “losing it” and they see an opportunity. They’re after money. When an aging loved one has cognitive impairment, even in the early stages, they can be manipulated. Favorite Tactics of the Greedy Relatives We see a pattern in these cases. First the son, daughter, grandchild or other family begins to show inordinate…

Mortgage rates dipped significantly this week, dropping to the lowest level in more than a year, according to Freddie Mac. Rates for 30-year, fixed-rate mortgages averaged 6.47%, down from 6.73% last week. “Mortgage rates plunged this week to their lowest level in over a year following the likely overreaction to a less than favorable employment report and financial market turbulence for an economy that remains on solid footing,” Freddie Mac Chief Economist Sam Khater said.Last year at this time, the average interest rate for 30-year mortgages was 6.96%, signaling that rates are finally starting to come down closer to the…