Citigroup raises the rating of US stocks, buoyed by the artificial intelligence boom and the flexible economy

Posted: May 26, 2023 at 12:55 PM ET Citigroup strategists raised their recommendation on US stocks to Neutral from bearish as recent developments in artificial intelligence (AI) boost technology stocks, while indications that the Federal Reserve is nearing the end of its rate hike cycle are also expected to push stocks. American supremacy. While price … Read more

Retirees shouldn’t take drastic steps because of the debt ceiling deadline

As the US nears its debt ceiling deadline, Dave Boniface has been fielding calls and emails from older clients. “The concern is escalating very quickly,” says Boniface, a financial advisor at Legacy Capital, a subsidiary of LPL Financial, in Forest Lake, Minnesota. Retirees worry about how the economy will fare if lawmakers can’t reach an … Read more

My husband passed away and she sent me HSA money. Do I have to pay taxes on it?

Posted: May 19, 2023 at 2:05 PM ET Dear Dan, My husband passed away on November 5th, 2022 and left no will, so I have established an estate with an EIN, and I am in charge as of December 5th, 2022. I found a health savings account in which I contacted HSA and after many … Read more

Future returns: Wealthy families tend to take riskier investments

One of the biggest differences between most investors and the multimillion-dollar family office is the latter’s ability to take on more risk, often by investing more money in long-term, less liquid investments. A survey of its richest families by Goldman Sachs last January—and recently released—revealed that 44% of their holdings are in alternatives, an allocation … Read more

Dental insurance for retirees is not a big deal. Consider self-insurance.

Christina Povenmire is semi-retiring from her financial planning practice and is going into Medicare. She’s buying a supplemental plan that will pay nearly all of the costs that Medicare doesn’t. But she wouldn’t buy any insurance to cover the dental costs. “The cost of dental insurance premiums is not worth the benefit,” she said. Her … Read more

We Asked a ChatGPT and a Financial Advisor: How Do I Prepare for a Recession?

Economists in the past year have largely agreed that the US will enter a recession at some point in 2023: a recent Wall Street Journal report found the chances of it being somewhere in the kingdom at 61%. And although there were signs of weakness — inflation remained high at 4.9%, the Federal Reserve raised … Read more

Is a “Big Backdoor Roth” the Right Retirement Savings Option for You?

When it comes to maximizing your contributions to a Roth IRA or 401(k), there are several strategies—including the somewhat obscure Roth backdoor, which can help you save tens of thousands of extra dollars tax-free each year. In fact, for folks with Individual Retirement Accounts (IRAs), maxing out their employee deferrals to a 401(k) and those … Read more

I am 65 with over $5 million in savings and am on the brink of RMD disaster

Do you have a question about investment mechanics, how they fit into your overall financial plan and what strategies can help you get the most out of your money? You can write to me at I think I have an uncommon problem. I am 65 years old, recently retired Education Administrator. I think I … Read more

The confrontation with the debt ceiling will create panic in the stock market. How to benefit from it.

Oprah began to flip. Instead of panicking that the US government might run out of money in early June, do something more than watch TV and complain about America’s poisoned politics. Long-term investors can monetize these increasingly widespread fears that America may default for the first time ever by using options to boost positions in … Read more