Exchange-traded funds (ETFs) have become a staple in investment portfolios, primarily known for their passive investment strategies that track market indices. However, the financial landscape is witnessing a notable shift as actively managed ETFs are on the rise. Traditionally representing only a small fraction of the overall ETF market, actively managed funds have been gaining
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The U.S. retirement system is facing considerable scrutiny as it falls short compared to its international counterparts. With a disappointing C+ grade and a rank of 29 out of 48 in the Mercer CFA Institute Global Pension Index for 2024, it is evident that the governance of retirement resources in the United States requires significant
As millions of Social Security beneficiaries look forward to the 2.5% cost-of-living adjustment (COLA) slated for January 2025, the implications of this increase are more nuanced than the figures might suggest. While the increase appears substantial on the surface, understanding the broader context of Social Security benefits, calculations, and individual circumstances is essential for beneficiaries
As of 2025, heirs inheriting individual retirement accounts (IRAs) will face crucial changes in the way they manage these assets, particularly non-spousal beneficiaries. Financial experts stress the importance of not only taking required minimum distributions (RMDs) on these accounts but also crafting a comprehensive tax strategy to optimize the benefits of the inheritance. This new
As America faces a growing retirement savings crisis, the landscape for retirement planning is beginning to shift due to legislative changes embodied in the Secure Act 2.0. While many workers are lagging in their retirement savings, provisions introduced in this act, particularly those that will take effect in 2025, aim to enhance the ability of
Natural disasters wreak havoc not only on communities but also on the financial stability of their victims. Hurricanes like Helene and Milton recently swept through multiple states, leaving behind a trail of destruction. In the aftermath of such catastrophic events, individuals may find themselves grappling not only with recovery but also with complex tax implications.
The upcoming Medicare open enrollment period for 2025, commencing on October 15 and culminating on December 7, is a vital time for beneficiaries to reassess their healthcare coverage options. This annual window presents an opportunity to sift through various Medicare plans and adjust them according to personal healthcare needs and financial situations. Nonetheless, research from
In today’s increasingly complex financial landscape, instilling saving habits in children is more crucial than ever. Opening a Roth Individual Retirement Account (IRA) for a child can be a game-changing decision that lays the groundwork for future fiscal security. However, persuading children to prioritize saving over immediate spending can be challenging. Below, we explore innovative
As the year 2025 draws near, financial advisors are gearing up for significant changes in the American tax landscape. The expiration of several key provisions embedded in the 2017 Tax Cuts and Jobs Act (TCJA) poses a substantial risk to taxpayers, especially high-net-worth individuals. The expiration of these tax breaks could lead to a dramatic
As the year 2025 approaches, retired Americans are geared up for a 2.5% cost-of-living adjustment (COLA) in their Social Security benefits, a welcome news as inflationary pressures continue to strain household budgets. However, a significant and less publicized shift is on the horizon that could affect higher-income earners. This adjustment is related to the Social