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Article originally posted to Barron’s. Of all the decisions facing a Mega Millions lottery jackpot winner, the most important might be the first one, which is how to take the money. The two options are as a lump sum or in annual payments over 30 years. The grand prize for the drawing reached $1.25 billion on […]

Article originally posted to Forbes. Those paying close attention to Social Security will recall the latest trustees’ report detailing how the Social Security trust fund could run short of money as early as 2034 unless Congress acts to shore up the system’s finances. The report also noted that “lawmakers have many options for changes that would

The Markets (as of market close June 23, 2023) Recession fears sent stocks lower during the holiday-shortened week. Each of the benchmark indexes listed here closed in the red, with the small caps of the Russell 2000 and the Global Dow losing over 2.50%. The downturn ended a three-week rally for the Dow, a five-week

Article written by Sean Evans. Do you want to be able to make informed decisions regarding your money and reach your financial goals? Then it would be best if you become financially literate and stay that way. While the definition of financial literacy and how it’s measured can vary depending on the specific survey or

Article originally posted to Forbes.com. My husband and I have a joint net worth of $1.3 million, and we’re completely debt- free. When asked what helped us achieve this financial security, it was budgeting consistently for the past seven years. Here are five simple ways to fix a budget that isn’t working for you. Your

All the banking turmoil—both real and perceived—sent waves through the bond market. Two-year U.S. treasury bonds experienced a 1.2% rate drop over five trading days. Depending on how you look at it, this was the largest decline in rates since 1987, or the biggest short-term gain for investors holding government bonds in their portfolios. Traders

You’ve done the hard part of your estate planning – signed all the documents, allocated the house and the funds, and had the tough conversations. So it’s over, right? Not quite. There’s some critical information left that your heirs will need once you pass which, lucky for you, we’ve gone ahead and listed out below.

What is a Qualified Charitable Distribution (QCD)? A QCD allows individuals who have attained the age of 70.5 years old or older to make tax-deductible contributions to qualified charities directly from their IRA up to a total of $100,000 a year. QCDs can be used to satisfy your required minimum distributions (RMDs). How do I

On January 19, 2023, the outstanding debt of the U.S. government reached its statutory limit, commonly called the debt ceiling. The current limit was set by Congress at about $31.4 trillion in December 2021.1 On the day the limit was reached, Treasury Secretary Janet Yellen instituted well-established “extraordinary measures” to allow necessary borrowing for a