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

Debt deal optimism, AI rally can’t hide market fears ahead of the weekend

A week can be a long time in the markets. Just a few days ago, the debt ceiling negotiations were looking so grim that President Joe Biden had to return from a G7 meeting in Japan early. Immediately after Washington predicted an improvement in US-China relations, Beijing declared semiconductors made by Micron a national security … 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

The companies most – and least – exposed to AI

Artificial intelligence capabilities continue to advance at an astounding rate. The arrival of ChatGPT in particular only seems to have accelerated the adoption of AI technology in the day-to-day operations of businesses. But determining the effects of AI on business was anyone’s guess. So far. new research By comparing the amount of the workforce at … Read more

Does it matter if your Social Security checks are late?

Posted: May 15, 2023 at 2:50 PM ET With Congress likely to fail to raise the debt ceiling and Social Security benefits likely not being paid in a timely manner, one obvious question is whether it is important for people to get their check a few days, a week, or a couple weeks later. From … 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

The debt ceiling crisis will not end until the markets feel it

About the author: david b. fandiver He is executive director of the Psaros Center for Financial Markets and Policy at Georgetown University’s McDonough School of Business. Vandever worked for the US Treasury Department during the 1995 debt-limit crisis and the 2011 debt-limit crisis. Once again, the United States is going through a self-imposed crisis that … 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

The inverse 4% rule puts retirement income and spending in perspective

You may have heard of the “4% rule” for making withdrawals from your retirement account but how about trying the “reverse 4% rule?” Turning this investment guidance on its head could give retirees a new way to think about their money in retirement. Instead of multiplying your total nest egg by 4%, divide your withdrawals … Read more

The inverse 4% rule puts retirement income and spending in perspective

You may have heard of the “4% rule” for making withdrawals from your retirement account but how about trying the “reverse 4% rule?” Turning this investment guidance on its head could give retirees a new way to think about their money in retirement. Instead of multiplying your total nest egg by 4%, divide your withdrawals … Read more