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Its users buy and sell the riskiest financial products and do so more frequently than customers at other retail brokerage firms, but their inexperience can lead to staggering losses. Richard Dobatse, in San Diego with his family, signed up for Robinhood in 2017 and said he lost $860,000 in March.Credit…John Francis Peters for The New…
How will I be taxed on my retirement income? Gregory discusses taxes pre and post-retirement and what that means for this Winning at Life listener. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here to Help Have questions about this week’s content, or…
As the “easy money” era runs its course, money management doesn’t have to be difficult. A look at what’s next. From low rates to where? There was a time when retirement planning was straightforward. It went something like this: invest some money in stocks for growth, and buy bonds with the rest. After all, bond prices…
Becoming wealthy and staying that way takes a certain level of discipline. Sure, an occasional splurge won’t put you in the poor house, but frequent frivolous spending can quickly erode your net worth. The frugal habits necessary to achieve financial success and maintain it can be surprisingly simple. Read on to meet 14 business leaders…
“The main thing you can do to plan for your retirement is to save.” PointImages / Shutterstock Retirement may seem like an abstract, far-off goal (unless you’re already independently wealthy or a 401(k) ninja, in which case—respect). But you’ll never drink mai tais on the beach in your seventies unless you start saving money now.…
Jerome Powell is the finance world’s Cardi B. As the chair of the Federal Reserve (aka America’s central bank), Powell is the face of a lot of gov money moves that affect you. Like changing the federal funds rate. That’s an important percentage that influences everything from inflation to what you pay to borrow money. Increasing rates means the…
The Federal Reserve left interest rates near zero Wednesday and once again promised to deliver whatever monetary medicine it can to an economy that’s badly ailing from the coronavirus pandemic. “The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time,” the central bank said…
What should I do with an old 401(k)? Winning at Life listener calls the show to ask Gregory what his wife should do with her 401(k) as she has lost her job. If you have more questions about your old 401(k), we can help! Check out the 401(k) Q&A Webinar to discover what to do if you’re not…
Bloomberg.com Lockdowns hurt cigarette sales in emerging markets as the tobacco industry tries to figure out what comes next. So, perhaps reassuringly, it turned out tobacco wasn’t so defensive during this global health crisis after all. After indications early in the pandemic that tobacco may hold up, British American Tobacco Plc on Tuesday reduced its forecasts for full-year sales growth as…
IRS has delivered nearly 160 million economic impact payments worth more than $267B Watch the latest video at foxnews.com If video is not visible, click this link below. How to spend coronavirus stimulus check if you’re struggling financially Financial expert Chris Hogan says as Americans begin to receive their coronavirus relief checks, we should be…
Cosmetics sales have cratered but the real story is how fake numbers fooled the experts enough to hand over real cash for an illusion. When venerable cosmetics giant Coty paid $600 million cash last year to buy into Kylie Jenner’s upstart lipstick brand, the hype should have triggered alarms on Wall Street. The smart money…
