6 Money Moves You Must Make in Your 50s and Beyond
Getting older has its challenges. Here are some ideas to put more gold in your golden years.
Getting older has its challenges. Here are some ideas to put more gold in your golden years.
Investing can be an effective part of your financial strategy. But before you start, make sure youâre ready.
The post How to begin investing: The steps to take and terms to know appeared first on Discover Bank – Banking Topics Blog.
Stocks and Bond Yields Moving Higher Together; Fed on Deck Today’s trading session turned out to be every bit as simple as it seemed like it would be this morning. Why so simple? There were clear indications that improved sentiment in the banking sector was fueling a ‘risk-on’ trading pattern in Europe (i.e. stock prices and bond yields moving higher together). This extended to US markets, but especially to Treasuries. MBS actually outperformed, which isn’t too shocking considering Treasuries were the star performers when the market was trading in a risk-off direction. Econ Data / Events Existing Home Sales 4.58m vs 4.20m f’cast, 4.0m prev Market Movement Recap 08:58 AM Weaker overnight. Europe trades risk-on. 10yr up 10+ bps at 3.587. MBS down 3/8ths. 10:41 AM Moderate improvement since 9am, but still weaker on the day. MBS down less than a quarter point. 10yr up 8bps at 3.562. 01:40 PM Respectable 20yr bond auction without any major reaction in the bond market. 10yr up 10bps at 3.583 and MBS down just over a quarter point. 03:45 PM Stocks at highs. 10yr yields up 12.3bps at 3.606, near highs. MBS outperforming despite a brief scare due to illiquidity. Still down just over a quarter point.
A good monthly retirement income is typically 80% of pre-retirement income. Median income for households headed by someone over 65 was $3,968 per month.
When at the point of wondering how to invest $200,000, that’s definitely a good sign. After all, having this amount to invest means youâre on the fast path to building long-term wealth. This is especially true if you can invest $200,000 and leave it alone for a decade or two, giving compound interest plenty of […]
The post How to Invest $200,000 and Generate a Solid Return appeared first on Good Financial Cents®.
Tech IPOs involve a technology company going public, and making its stock available for purchase on the open market by any interested investor. Given the tech sectorâs incredible growth over the past couple of decades, tech IPOs tend to garner a lot of attention from investors, who may feel that theyâre investing in the next […]
The post A Guide to Tech IPOs appeared first on SoFi.
In this episode of the podcast, the hosts discuss whether CDs are a good option and then talk with a listener about how to manage a financial windfall.
Aave is a cryptocurrency platform that gives users and participants the ability to borrow and lend crypto without a middleman. In effect, itâs a sort of lending system in the crypto space that letâs users lend and borrow, and earn interest as a result. The platform also has its own crypto tokens, and is a […]
The post Guide to Aave Crypto appeared first on SoFi.
The IRS divides income into taxable and nontaxable categories. In general, income is taxable unless thereâs a law exempting it. As youâd expect, all taxable income must be included on your yearly income tax return. But hereâs the twist: Nontaxable income may also need to be listed on your return, too. Because anything tax-related is […]
The post Examples of Nontaxable Income vs Taxable Income appeared first on SoFi.
While there are no new bank failures in play, financial markets have traumatic memories from last Friday and last weekend. Better safe than sorry heading into 2 days without the ability to react defensively to any significant developments in the banking world. European shares are leading the flight to safety so far this morning and that’s spilling over into Treasuries (in a good way for rates) even though US stocks are doing a much better job of holding their ground. In the chart below, notices the sharpest move and biggest retracement of yesterday’s range in Germany’s DAX equities index. While it’s not pictured, EU sovereign debt is following in lock step with lower yields, and that’s pulling US yields lower to start the day. US stocks are trying to rise above it all, and are actually doing an OK job so far. If they end up acquiescing to the flight-to-safety, it would likely only help Treasuries.