Financial News
What borrowers need to know about Biden’s proposed student loan repayment plan, which could cut some payments in half
The Biden administration rolled out a new proposal this week to dramatically lower monthly payments for some federal student loan borrowers. Read more... Investment Advisory Services offered through Investment Advisor Representatives of Cambridge Investment Research...
The SECURE 2.0 Act’s Impact On Roth IRAs
As a special Christmas present to all of us, the Secure Act 2.0 is expected to become law right before the holiday. Read more... Investment Advisory Services offered through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a...
‘Secure 2.0’ is part of the $1.7 trillion spending bill, putting it on track to usher in retirement system improvements
Another round of changes to the U.S. retirement system appears to be on its way. Read more... Investment Advisory Services offered through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Securities...
Dow rises 500 points in final hour of trading after Powell signals smaller rate hikes ahead
Stocks climbed Wednesday as Federal Reserve Chair Jerome Powell confirmed that the central bank will slow the pace of its aggressive rate-hiking campaign that has weighed on markets. Read more... Investment Advisory Services offered through Investment Advisor...
The Phillies made the World Series — is a stock-market crash next? Why some see this baseball team’s success as a bad omen.
Some people are likening the Philadelphia Phillies to the horsemen of the economic apocalypse. Read more...Investment Advisory Services offered through Investment Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor....
Health-Insurance Inflation Is Poised to Drop Sharply
Health insurance has put upward pressure on the main measure of inflation, but is now swinging into reverse. This swing will act as a much-needed, albeit small, drag on inflation currently running at four-decade highs, economists say. Read more... Investment Advisory...
Here are the federal income tax rates and brackets for 2023
The IRS released inflation-adjusted marginal rates and brackets for 2023 on Tuesday, and many workers will see higher take-home pay in the new year as less tax is withheld from their paychecks. Read more... Investment Advisory Services offered through Investment...
U.S. core capital goods orders surge; consumer confidence rises further
New orders for U.S.-manufactured capital goods increased more than expected in August, suggesting that businesses remained keen to invest in equipment despite higher interest rates, which could keep the economy on a moderate growth path. Read more... Investment...
Social Security COLA 2023 benefits are rising 8.7% — here’s what that means for recipients
The cost-of-living adjustment for 2023 will be 8.7%, according to the Social Security Administration — the largest increase for Social Security benefits in more than four decades. Read more... Investment Advisory Services offered through Investment Advisor...
Retirees on Social Security could see monthly benefit rise an average of $159 in 2023 due to inflation, estimate finds
New government data points to signs that red-hot inflation is starting to cool. But Social Security beneficiaries may still be in for a record high cost-of-living adjustment in 2023. Read more... Investment Advisory Services offered through Investment Advisor...