The new year has brought an exciting change to the world of 529 college savings plans. With the implementation of Secure 2.0, families can now roll unused 529 plan funds to the beneficiary’s Roth individual retirement account (IRA) without incurring income taxes or penalties. This change, which will take effect in 2024, aims to provide
Being a millionaire businesswoman and investor comes with its fair share of challenges, but Barbara Corcoran has found a system that helps her stay productive and organized. In a recent Q&A session, the 74-year-old “Shark Tank” star shared her calendar strategy that has proven to be effective in achieving her goals. In today’s digital age,
Federal Reserve officials recently released minutes from a meeting held in December 2023, during which they discussed the possibility of interest rate cuts in 2024. The minutes revealed that while members of the rate-setting Federal Open Market Committee agreed to maintain the benchmark rate at its current level, they anticipated three quarter-percentage point cuts by
The Federal Reserve has achieved a rare feat in economic history by successfully bringing down inflation. In its latest economic projections, the central bank indicated its intention to cut interest rates in 2024, even as the economy continues to grow. This approach is aimed at achieving a “soft landing,” where inflation returns to the Fed’s
The level of bullishness on Wall Street has raised concerns for investor Steve Eisman, the protagonist of the book and subsequent movie “The Big Short.” Despite a tepid start to the year, with major indexes experiencing a slight decline, Eisman believes that there is little tolerance for things going wrong. In this article, we will
Retirees who rely on Social Security benefits will experience some changes in 2024. While there will be a benefit boost to adjust for inflation, the actual amount will depend on several factors. These factors include Medicare Part B premiums and taxes withheld from the Social Security checks. This article aims to provide an in-depth analysis
The Red Sea remains a hotbed for potential disruptions to global trade, primarily due to attacks by Iranian-backed Houthi militants in Yemen. Despite efforts to protect commercial vessels through Operation Prosperity Guardian, Danish shipping giant Maersk’s recent decision to pause Red Sea and Gulf of Aden transits highlights the ongoing difficulties faced by this U.S.-led
The Chinese electric car giant BYD has once again outperformed Tesla in production, with over 3 million new energy vehicles produced in 2023. This marks the second consecutive year that BYD has surpassed Tesla’s production. While Tesla has yet to release its full-year figures, it reported 1.35 million cars produced in the first three quarters
Flying can often be an exasperating experience, especially when flights are delayed, cancelled, or disrupted. Whether you’re a frequent traveler or someone going on a long-awaited vacation, the last thing you want is to deal with the inconvenience and stress caused by these issues. Timeliness is a crucial factor for travelers when choosing an airline,
The Free Application for Federal Student Aid (FAFSA) is an essential tool for students seeking financial aid for college. However, the launch of the online FAFSA form has been fraught with delays and issues. Despite the requirement for it to be available before January 1, 2024, the soft launch of the new FAFSA has been