Copper is the new oil and Big Mining sees the metal as its life blood Australia’s BHP (BHPLF -5.22% decrease), the world’s biggest mining company, considered a bid for smaller player Anglo American NGLOY (+3.42% increase) about five years ago. BHP coveted only Anglo’s copper and was put off by the prospect of dismantling a highly complex company to nail the prize. So, it passed.... Published on: 2024-04-30 Source: Wealthkare.com Article Feed Welcome to 'peak boomer' era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloat The youngest baby boomers are about to enter retirement — and most of them aren't financially prepared for this next stage of their life.Beginning this year, over 30 million boomers born between 1959 to 1964 will start to turn 65, marking the "largest and final cohort" of that generation entering... Published on: 2024-04-29 Source: Wealthkare.com Article Feed U.K. stocks may finally be back in fashion London’s FTSE-100 hit a record high on Tuesday, raising hopes that Britain’s stock market might finally be shaking off years of underperformance as investors look for bargains and UK growth picks up.Months after rival indexes across the world started chalking up records, Britain’s benchmark stock index touched a new peak... Published on: 2024-04-28 Source: Wealthkare.com Article Feed Four Mistakes That Leaders Should Avoid With AI There needs to be a balance between technology and humanity. Getty Artificial intelligence (AI) is one of the hottest trends in business today – with good reason. AI is set to transform the way we live and work. According to Bloomberg Intelligence, generative AI alone is set to become a... Published on: 2024-04-27 Source: Wealthkare.com Article Feed What To Expect From The Fed’s May Interest Rate Decision Markets expect interest rates to be held steady at the Federal Open Market Committee’s next decision on May 1. Inflation data for early 2024 has caused some concern that the transition to an annual 2% inflation rate may take longer than previously anticipated. The market will be watching for clues... Published on: 2024-04-26 Source: Wealthkare.com Article Feed 5 Ways To Pay For The College Your Child Wants To Go To It’s college admission season. If your child has gotten into a great university but it comes with a high price tag, you may be racking your brain to figure out how to pay for that school. You’re not alone in this anxiety: 78% of families say they eliminated a college... Published on: 2024-04-25 Source: Wealthkare.com Article Feed How Would You Pay for Long-Term Care? (May) According to the U.S. Department of Health and Human Services, seven out of 10 people age 65 and over will need some type of long-term care. Medicare only pays for skilled services or rehabilitative care in a nursing home for a maximum of 100 days, and unfortunately, it does not... Published on: 2024-04-24 Source: Wealthkare.com Article Feed Cost of Debt: What It Means and Formulas What Is the Cost of Debt?The cost of debt is the total interest expense owed on a debt. Put simply, the cost of debt is the effective interest rate or the total amount of interest that a company or individual owes on any liabilities, such as bonds and loans. This... Published on: 2024-04-23 Source: Wealthkare.com Article Feed A couple that quit full-time work in their 20s share the money mindset that 'propelled' them to financial independence without altering their quality of life: 'We made zero sacrifices' Lauren and Steven Keys built a million-dollar portfolio from scratch, which set them up to quit their full-time jobs in their 20s and pursue various side projects and creative work."Focusing on making a happy life with low expenses is the most powerful thing that we ever did in the early... Published on: 2024-04-22 Source: Wealthkare.com Article Feed What If Fed Rate Hikes Are Actually Sparking US Economic Boom? As the US economy hums along month after month, minting hundreds of thousands of new jobs and confounding experts who had warned of an imminent downturn, some on Wall Street are starting to entertain a fringe economic theory.What if, they ask, all those interest-rate hikes the past two years are... Published on: 2024-04-21 Source: Wealthkare.com Article Feed 3 Facts That Help Explain a Confusing Economic Moment The economic news of the past two weeks has been enough to leave even seasoned observers feeling whipsawed. The unemployment rate fell. Inflation rose. The stock market plunged, then rebounded, then dropped again.Take a step back, however, and the picture comes into sharper focus. Compared with the outlook in December,... Published on: 2024-04-20 Source: Wealthkare.com Article Feed What eight centuries of data tell us about interest rates Research suggests that these have long been in steady decline. iStock-1987198686 These are treacherous times for bond traders. A couple of months ago, the market consensus was that the US Federal Reserve would cut interest rates six times this year, starting imminently. By Wednesday, however, investors had slashed their expectations... Published on: 2024-04-19 Source: Wealthkare.com Article Feed What You Need To Know When Contemplating Divorce Marriage can be a wonderful institution—until it isn’t. Perhaps you know what you want and are ready to get out. Or maybe you would like your spouse to change their mind. Maybe you are looking for justice for everything you have endured. Or perhaps you just want to return to... Published on: 2024-04-18 Source: Wealthkare.com Article Feed Withdraw from an Inherited IRA or Retirement Plan Using the Life Expectancy Method What is it? The life expectancy method is a method of taking distributions from an inherited IRA or employer-sponsored retirement plan account. As the name suggests, it allows you to take post-death distributions based on your life expectancy. Under this method, you must receive a certain minimum amount each year.... Published on: 2024-04-17 Source: Wealthkare.com Article Feed Quarterly Market Review: January-March 2024 (Video) COPYRIGHT ©2023 WEALTHKARE.COM, INC. ALL RIGHTS RESERVED | FEE-BASED FINANCIAL PLANNING AND INVESTMENT ADVISORY SERVICES ARE OFFERED BY WEALTHKARE.COM, INC. A REGISTERED INVESTMENT ADVISOR DOMICILED IN PENNSYLVANIA. INSURANCE RELATED CONSULTING, PRODUCTS AND SERVICES ARE OFFERED THROUGH AMERICAN ASSETS FINANCIAL CORP. & RIA WEALTH SOLUTIONS LLC. WEALTHKARE.COM, INC., RIA WEALTH SOLUTIONS... Published on: 2024-04-16 Source: Wealthkare.com Article Feed A College Student’s Guide To Filing Taxes College students can face many challenges—including filing taxes. From figuring out who is a dependent to whether you have to report scholarships, getting through a tax return can feel like the equivalent of cramming for a final exam. But there's no need to pull an all-nighter—here's what you need to... Published on: 2024-04-15 Source: Wealthkare.com Article Feed Gifting Your Business You might choose to make lifetime gifts of your stock or business interest. When you decide to make lifetime gifts, you can give away a little or a lot to whomever you choose, and you can control the timing of the gift. Lifetime gifts of your business interest may allow... Published on: 2024-04-14 Source: Wealthkare.com Article Feed 5 Ways to Make Summer Camp Tax Deductible The Child and Dependent Care Credit offered by the Internal Revenue Service (IRS) credit allows families to claim as much as 35% of qualifying expenses up to $3,000 for one child or dependent and up to to $6,000 for two or more children or dependents. This can be very helpful... Published on: 2024-04-13 Source: Wealthkare.com Article Feed Living abroad in a tiny Spanish apartment taught me 5 money lessons that are still saving me thousands I wish I could say it didn't take moving to another continent on an overseas Navy assignment in my early 20s to get right with my money mindset. But: It did. Now that I'm back Stateside I've taken the lessons I learned while deployed in Rota, Spain, and used them to... Published on: 2024-04-12 Source: Wealthkare.com Article Feed These 5 Questions Will Help You Stick To Your Budget Every Month A 2023 survey conducted by Payroll.org reported that 78% of Americans live paycheck to paycheck, a 6% increase from 2022. If you are working hard to earn financial freedom, here are five questions to get into the habit of asking yourself every month. Use these as reminders at the start... Published on: 2024-04-11 Source: Wealthkare.com Article Feed What All Of The 3.6% Admitted Students At Harvard Have In Common This Year Every year, tens of thousands of students from around the world apply to Harvard University in the hopes of attending one of the nation’s most prestigious universities. To write that receiving a coveted letter of admission is challenging is a gross understatement—only 3.59% of Harvard hopefuls were admitted during the... Published on: 2024-04-10 Source: Wealthkare.com Article Feed Market Week: April 8, 2024 (Video) COPYRIGHT ©2023 WEALTHKARE.COM, INC. ALL RIGHTS RESERVED | FEE-BASED FINANCIAL PLANNING AND INVESTMENT ADVISORY SERVICES ARE OFFERED BY WEALTHKARE.COM, INC. A REGISTERED INVESTMENT ADVISOR DOMICILED IN PENNSYLVANIA. INSURANCE RELATED CONSULTING, PRODUCTS AND SERVICES ARE OFFERED THROUGH AMERICAN ASSETS FINANCIAL CORP. & RIA WEALTH SOLUTIONS LLC. WEALTHKARE.COM, INC., RIA WEALTH SOLUTIONS... Published on: 2024-04-09 Source: Wealthkare.com Article Feed What to Know About Inheriting Retirement Savings Accounts The SECURE Act of 2019 and the SECURE 2.0 Act, passed in December 2022, dramatically changed the rules governing the inheritance of IRA and retirement plan assets. Retirement savings account owners and their loved ones should understand these complicated rules. Depending on a number of different factors, inheriting retirement plan... Published on: 2024-04-08 Source: Wealthkare.com Article Feed 3 Ways to Nurture the Entrepreneurial Spirit in Your Children The entrepreneurial landscape is changing with the youth embracing entrepreneurship over traditional career paths. It's becoming clear that Gen Z and the generations to follow are drawn to the idea of being their own bosses. It's an exciting shift that gives parents the unique opportunity to nurture and support the... Published on: 2024-04-07 Source: Wealthkare.com Article Feed Tax Planning for the Self-Employed What is it? According to the IRS, you are self-employed if you carry on a trade or business as a sole proprietor, as an independent contractor, as a member of a partnership, or if you are otherwise in business for yourself. You can be a full-time employee and still have... Published on: 2024-04-06 Source: Wealthkare.com Article Feed Where To Retire Abroad as a US Resident Choosing a place to retire is a crucial decision for any retiree, and in recent years, many U.S. residents have decided to live out their retirement abroad. In fact, over 500,000 beneficiaries collected benefits abroad each year, according to the U.S. Social Security Administration.For some, the main appeal of retirement... Published on: 2024-04-05 Source: Wealthkare.com Article Feed Julia Louis-Dreyfus Thinks Youth Is Overrated When Julia Louis-Dreyfus hit her 60s, she was struck by a realization: She wanted to hear from the old ladies.The star of “Seinfeld” and “Veep,” who has nearly a dozen Emmys, was in the “second act” of her life. But she was contemplating her third. She said she craved the... Published on: 2024-04-04 Source: Wealthkare.com Article Feed Here to Help: How to Make End-of-Life Planning Less Stressful I recently hosted a strange family gathering: an end-of-life lunch. It was my sister Dinah’s idea. She had been saying for months it was time to discuss my parents’ final wishes while they were still able to weigh in. But I kept putting off the conversation. Who wants to think... Published on: 2024-04-03 Source: Wealthkare.com Article Feed The Economic Impact Of The Baltimore Bridge Collapse Will Linger, Contributing To Inflation The collapse of the Francis Scott Key Bridge in Baltimore, after being struck by container ship DALI, is currently an active search and rescue incident and is a human tragedy first. It will also have significant economic implications potentially for years to come given the infrastructure impact on one of... Published on: 2024-04-02 Source: Wealthkare.com Article Feed America has a 'trapped in place' economy If you like your situation right now — your job, your house, your car — you can keep it. If you aren't so satisfied, well, tough luck, because you might have to keep it anyway. Making a major life change, especially an upgrade, is going to come at a cost... Published on: 2024-04-01 Source: Wealthkare.com Article Feed Fed Officials Increasingly Believe Economy Will Have 'Soft Landing' KEY TAKEAWAYSFed officials have penciled in higher economic growth and lower unemployment in the years ahead than when they last made predictions in December.That scenario would be a historically rare "soft landing" from the high inflation that flared up in 2021.A soft landing has happened only once, arguably, in 1994,... Published on: 2024-03-31 Source: Wealthkare.com Article Feed Issue-Age Policy: What It is, How It Works What Is an Issue-Age Policy?An issue-age policy is a healthcare policy that has a premium rate that is dependent on the age of the individual who purchases it. Issue-age pricing frequently comes into play when pricing Medigap policies. These policies are more expensive for older individuals than for younger policyholders.Once bought, the issue-age... Published on: 2024-03-30 Source: Wealthkare.com Article Feed 5 Reasons March Madness Is Just Like Investing Filling out a bracket for the NCAA championship basketball tournament is an annual highlight for sports fans like myself. Like most people, I don’t watch much of the regular season games, but every March I start reading expert picks and researching bracket strategy in preparation for pools with my family... Published on: 2024-03-29 Source: Wealthkare.com Article Feed What Happens If You Lie on a Car Insurance Application? Car insurance is certainly expensive. So it should come as no surprise that as many as 35.8 million people lied on their applications for auto insurance in the United States to get the best rate possible. That number represents about 14% of all Americans.The average cost of car insurance in... Published on: 2024-03-27 Source: Wealthkare.com Article Feed The Best CEOs Are Falling Short of Delivering This Top Employee Non-Negotiable. Here Are 5 Things You Can Do to Avoid This Fate. Do you remember when influencing the organizational culture was thought to be only an HR priority? As workplaces have evolved, CEOs realize that company culture directly correlates to business performance and growth. In a study conducted by Deloitte, "94% of executives and 88% of employees believe a distinct workplace culture... Published on: 2024-03-26 Source: Wealthkare.com Article Feed 1 2 3 … Next Copper is the new oil and Big Mining sees the metal as its life bloodWelcome to ‘peak boomer’ era: A wave of retirees is about to blow through their savings and cling to Social Security to stay afloatU.K. stocks may finally be back in fashionFour Mistakes That Leaders Should Avoid With AIWhat To Expect From The Fed’s May Interest Rate Decision401(k) AI Bankruptcy Business Business Planning Debt Disability Economics Finance Income Inflation investment Management Money Planning Rates Retirement Savings Stock Market Taxes Tech Tourism Updates Wealth Management