When it comes to planning for retirement, it’s essential to explore all available options to lower your tax bill and boost your savings. One lesser-known strategy that can benefit married couples is the spousal IRA. This unique opportunity allows non-working spouses to contribute to an individual retirement account, providing a current-year tax break and increasing
The recent study published in the Proceedings of the National Academy of Sciences sheds light on the disparities faced by mothers in the workforce. Despite the increasing levels of education and representation of women in senior leadership positions, mothers bear the brunt of the costs when it comes to balancing work and caretaking responsibilities. Research
In a recent letter to shareholders, BlackRock Chair Larry Fink highlighted the growing crisis surrounding Americans’ ability to afford retirement as life expectancies increase. Fink pointed out that there is a significant decrease in the capacity of individuals to retire in a financially secure manner, labeling it as one of the key economic challenges of
The recent decision by the Central Bank of Nigeria to increase its key interest rate by 200 basis points marks a significant step in the country’s efforts to recover from a historic currency crisis and curb soaring inflation. This move comes on the heels of a previous 400 basis point increase earlier this year, demonstrating
In an attempt to make luxury vacation home ownership more accessible to a wider audience, Pacaso has expanded its business model to include homes with share prices starting as low as $200,000. This is a significant shift from their initial offerings of multimillion-dollar homes. By allowing individuals to purchase shares of vacation homes, generally in
McDonald’s has recently announced plans to introduce Krispy Kreme doughnuts in its restaurants nationwide by the end of 2026. This move comes as part of a strategic partnership between the two chains, with the rollout expected to begin in the second half of this year. The partnership will see Krispy Kreme expand its distribution network
Recently, Democratic lawmakers, including Sen. Elizabeth Warren and Sen. Ron Wyden, raised concerns about the potential reduction in Social Security benefits for millions of older adults who are behind on their student loans. According to the lawmakers, when borrowers are in collections, their Social Security benefits could be reduced by an average of $2,500 annually.
Trian Fund Management, led by Nelson Peltz, has taken a controversial stance in the proxy battle against Walt Disney by withholding its votes from CEO Bob Iger. This decision goes against Trian’s own proxy recommendations and contradicts Peltz’s public statements about wanting to collaborate with management if he were to be elected to the Disney
The Mega Millions jackpot, which reached an astounding $1.1 billion, poses significant financial challenges for potential winners. While the grand prize is not as high as last year’s record $1.6 billion, winners still need to navigate through various obstacles to secure their winnings. With two payout options available – a lump sum of $525.8 million
The latest analysis on the housing market reveals a slowing down in the rate at which home prices are growing. In February, U.S. home prices increased by 0.6%, aligning with the average monthly gain over the past eight years leading up to the onset of the Covid-19 pandemic. This phenomenon, as stated by Daryl Fairweather,