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kiplinger.com — 1+ hour, 45+ min ago
You've Just Inherited an IRA: What Do You Do Now?
kiplinger.com > retirement...In December 2019, the SECURE Act (version 1.0) flew through the House and Senate, attached to an appropriations bill.... ...IRS Publication 590-b reinforced this point.... ...You"ll want to establish an inherited IRA at the current custodian. So, if the money is at Fidelity, open the account at Fidelity....
kiplinger.com — 12+ hour, 43+ min ago
High Mortgage Rates Hurt New Home Sales In August
kiplinger.com > real-estate > mortgages...and Urban Development Department and the Census Bureau.... ...New single-family home sales fell in August as the average mortgage rate topped 7%, according to a new report by the National Association of Home... ...“Sales weakened in August with average mortgage rates above 7%,” said Robert Dietz, NAHB chief economist.... ...a custom home builder and developer from Birmingham, Alabama....
kiplinger.com — 14+ hour, 20+ min ago
Government Shutdown Likely Amid Congressional Stalemate
kiplinger.com > politics...the complete or partial closure of many government agencies, with repercussions felt across the economy as tens of thousands of “non-essential” federal... ...employees are furloughed and millions more are required to work without pay until the government reopens.... ...Last week, Veterans Affairs Department (VA) Secretary Denis McDonough told reporters that a shutdown would have no impact on veterans" healthcare... ...shutdown would underfund the Federal Emergency Management Agency’s (FEMA) Disaster Relief Fund, resulting in delays of nearly 2,000 long-term disaster...
kiplinger.com — 1+ day ago
Mortgage Closing Costs and Fees Leapt 22% in 2022, Study Shows
kiplinger.com > real-estate > mortgages...said Rohit Chopra, director of the Consumer Financial Protection Bureau (CFPB).... ..., CFPB director says. ... ...By Karee Venema Published 28 September 23 Shoppers at stores including Sears and Kmart were "kept in the dark" about contract terms, CFPB says.... ...Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience....
kiplinger.com — 15+ hour, 3+ min ago
Stock Market Today: Stocks Swing Lower as Government Shutdown Nears
kiplinger.com > investing > stocks...Ahead of the opening bell, the Bureau of Economic Analysis said its August personal consumption and expenditures (PCE) index, the Fed's preferred... ...Stocks jumped at the open as an encouraging reading on inflation sent Treasury yields lower.... ...Economic data will not be tabulated during a shutdown, says Carol Schleif, chief investment officer at BMO Family Office.... ...Walgreens Boots Alliance (WBA), meanwhile, was the best Dow Jones stock today....
kiplinger.com — 17+ hour, 4+ min ago
Powerball Jackpot Hits $925M Ahead of Saturday’s Drawing
kiplinger.com > personal-finance > leisure...Powerball has had 30 consecutive drawings without a grand prize winner.... ...There was no Powerball lottery grand prize winner on Wednesday night, so the jackpot has reached an estimated $925 million ahead of Saturday’s, September... ...Powerball tickets are sold for $2 each, and the game is offered in 45 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands.... ...Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience....
kiplinger.com — 17+ hour, 8+ min ago
Collision vs Comprehensive Car Insurance: Which Do You Need?
kiplinger.com > personal-finance > car-insurance...Here’s what you need to know about collision vs comprehensive car insurance and whether or not you need it. ... ...While collision and comprehensive car insurance are optional in every state, they’re required by lenders if you are financing or leasing your vehicle... ...By Ellen Kennedy Published 22 September 23 Get thousands off a new Audi or Certified Volvo with the Costco Auto Program.... ...By Daniel Bortz Published 28 September 23 Get up to $10,750 off a Mercedes from American Express and Sam’s Club....
kiplinger.com — 21+ hour, 55+ min ago
Five Tips for Becoming a Financially Successful Couple
kiplinger.com > personal-finance...Husband-wife financial adviser team practice what they preach, recommending lots of open communication and aligned priorities.... ...Setting up a quarterly or yearly meeting with a financial adviser can also be a stepping stone to financial conversations with your partner.... ...A financial adviser can help you work through each of those questions and create a comprehensive retirement plan that addresses taxes, health care...
kiplinger.com — 23+ hour, 13+ min ago
Have You Saved Enough For Retirement?
kiplinger.com > retirement...on behalf of Bankrate.... ...56% of workers reported being behind on their retirement savings targets, according to an August survey of more than 2,500 adults conducted by YouGov... ...The concerns stretch across generations but are more prominent among older Americans, with Gen Xers (ages 43-58 ) and Baby Boomers (ages 59-77) the... ...Bankrate's Senior Economic Analyst, Mark Hamrick, said that inflation and a tight job market are likely the culprits responsible for the level of...
kiplinger.com — 1+ day ago
Roth IRA Conversions: Benefits and Considerations Beyond Taxes
kiplinger.com > retirement...You could pay a lower tax rate now if you convert savings into a Roth IRA, but there could be more complex issues for you to consider.... ...Roth IRAs.... ...the total net worth, as this process entails the payment of taxes on the transferred amount from the IRA to the Roth IRA.... ...Possessing funds in a Roth IRA can help mitigate the substantial reduction in tax brackets associated with this transition....