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Direct indexing is the hot new investing strategy. What you need to know
KEY POINTS Direct indexing, which allows investors to buy the stocks of an index, instead of purchasing a mutual or exchange-traded fund, may soon become more widely available. This strategy may appeal to those seeking portfolio customization or tax-saving opportunities. However, the technique won’t work for all investors, financial experts say. Direct indexing, which allows…
Read MoreSocial Security cost-of-living adjustment for 2022 could be higher based on rising consumer prices
KEY POINTS Rising consumer costs like gasoline and car prices are helping to push the estimate for next year’s Social Security cost-of-living adjustment higher. The size of any bump retirees and other beneficiaries may see depends on four more months of data. How the Federal Reserve decides to handle interest rates will also have an…
Read MoreAmericans’ No. 1 financial regret is lack of emergency savings
Record number of US adults hold 1 financial regret since onset of COVID-19 More than three-quarters of Americans say they had one financial regret since the beginning of the COVID-19 pandemic, according to new data. Eighty-one percent of Americans admitted they had a financial regret, according to a survey by personal finance website Bankrate.com. And…
Read MoreA Roth IRA could help you buy a home. Here’s what to know
KEY POINTS Up to $10,000 in Roth IRA earnings can be withdrawn — free of both taxes and penalty — for a home purchase if you meet certain requirements. You also can withdraw your direct contributions at any time, because you already paid taxes on that money. The strategy may not be appropriate for all…
Read MoreWarren Buffett’s 25 best quotes about business, investing, and life
Need some advice? Legendary investor and CEO of Berkshire Hathaway (BRK-A, BRK-B) Warren Buffett has plenty to share. Through his letters, essays, op-eds and TV appearances, Buffett dispenses folksy, funny, plainspoken advice on investing, management, life, happiness, and everything in between. On Saturday May 1, Buffett and his longtime business partner Charlie Munger will share more…
Read MoreWhich Is Better: An ETF Or A Mutual Fund?
Six elements of the difference between two kinds of investment company. In 28 years the U.S. exchange-traded fund industry has gone from nothing to $5.5 trillion in 2,200 funds. These funds have important differences from mutual funds, which have been around for a century. How do ETFs work? When are they the better option for…
Read MoreDear Students: Here Are Ten Ways To Get Your Financial House In Order
Recently, a student asked me for some tips on what to say about personal finance to her sorority. Here’s a slightly-edited version of my reply. Count the Cost Accurately. You might think you’re saving money when you’re not. Unless you really enjoy cooking, you should probably have a meal plan and devote the time and energy you…
Read MoreHow to Freeze Your Credit
A lost wallet or data breach raises your risk of identity theft exponentially. If you’ve been the victim of one of these unfortunate scenarios, it’s a good idea to safeguard your personal information by freezing your credit. Credit freezes block unauthorized credit checks, which makes it difficult for criminals to open new accounts in your name and protects you…
Read MoreWednesday Q&A Financial Resolutions to help build your wealth
New Year Financial Resolutions to help build your wealth Gregory gives you a list of financial resolutions to help build your wealth. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about this week’s content, or need help…
Read MoreWednesday Q&A Is my credit score a big deal in retirement?
Is my credit score a big deal in retirement? Is it a big deal to have good credit in retirement? Gregory explains the importance of your credit score. Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about…
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