Financial Services

admin July 29, 2018

The current retirement system leaves much to be desired. There are a decent number of people taking advantage of tax-deferred savings vehicles, but it’s a fairly small number that ever reaches millionaire status in these accounts. In Fidelity’s defined-contribution plan, there are roughly 157,000 people who have saved at least $1 million in their 401(k). […]

admin July 29, 2018

You may have recently seen the recommendation from retirement experts that you should save two times (2X) your annual salary by age 35, and if you wondered — like a lot of people on Twitter did — how that’s even possible, let’s break it down. I recently retired early at age 38, but […]

admin July 28, 2018

Reuters Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing in mid-July. The Federal Reserve will issue a statement declaring strong growth and inflation moving to its 2% target, making clear more interest rate hikes are coming. “All they need to do is to point to current growth and inflation […]

admin July 28, 2018

Getty Images Some states offer tax-free holidays for back-to-school shopping. More than a dozen states are offering a limited period of tax-free shopping for back-to-school purchases this summer — and some are already underway. Some 16 states eliminate sales tax on purchases for back-to-school shopping (including clothes, footwear and supplies) between July and August. […]

admin July 27, 2018

Swipe right for a relationship and an unmissable career move. Philip Van Nostrand, a 37-year-old photographer from New York City, uses Tinder and Bumble to meet new women, but after a few dates these romantic encounters increasingly lead to new business opportunities. “I start talking about jobs I’m doing,” he said. “People always know other […]