A smart way to convey generational wealth with a Roth IRA

(Charlene Rhinehart, CPA) If you’ve slept on a Roth IRA (Personal Retirement Account), now is the time to wake up and discard all of its potential. Although the account draws a lot of attention to the tax-free withdrawals you can receive after reaching the age of 59 and a half, the benefits can extend beyond … Read more

Global tremors, job numbers to dominate markets and economy in early fourth quarter | Economy

The first working week of the fourth quarter brings a heap of trepidation to the markets and the global economy. The third quarter ended on a sore point, with the US market down nearly 25% for the year, as measured by the S&P 500. Globally, new UK Prime Minister Liz Truss was forced into an … Read more

US production almost slows down; reduction of price pressures

The manufacturing PMI fell 1.9 points to 50.9 in September New orders, employment measures contract Price pressures in factories, easing of supply bottlenecks Spending on construction fell by 0.7% in August WASHINGTON, Oct.3 (Reuters) – U.S. manufacturing activity grew at the slowest pace in nearly 2.5 years in September, as new orders contracted amid the … Read more

The UK eliminates the tax cut for the wealthy that has sparked market turmoil

BIRMINGHAM, England (AP) – The UK government on Monday abandoned plans to cut income tax for the top earners, part of a package of unfunded cuts unveiled just days ago that sparked turmoil in financial markets and sent the pound to historic lows. In a dramatic turnaround, Treasury Chief Kwasi Kwarteng ditched plans to eliminate … Read more

How would I invest $ 20,000 today if I were to start from scratch

(Chuck Saletta) $ 20,000 can be an incredible foundation on which to build a decent long-term nest egg. If you can invest it early enough in your career and the market returns to its long-term historical rates of return, that investment alone may be enough to make you a retiree millionaire. Of course, as 2022 … Read more

World industrial activity weakens due to global slowdown, cost pressures

The activity of factories in the euro zone further declined in September British manufacturing production fell for the third consecutive month Japan’s September PMI marks the weakest growth since January last year Manufacturing activity shrinks in Taiwan, Malaysia LONDON / TOKYO, Oct 3 (Reuters) – Global industrial production mostly weakened in September as slowing demand … Read more

A smart way to convey generational wealth with a Roth IRA

(Charlene Rhinehart, CPA) If you’ve slept on a Roth IRA (Personal Retirement Account), now is the time to wake up and discard all of its potential. Although the account draws a lot of attention to the tax-free withdrawals you can receive after reaching the age of 59 and a half, the benefits can extend beyond … Read more

Shipping orders are signaling a sharp decline in consumer demand

For the shipping industry to halve its carbon footprint by 2050, promising technology needs to become a reality and efficiency gains will also need to increase. Lucy Nicholson | Reuters A significant consumer withdrawal is manifesting in shipping, with logistics managers telling CNBC they saw a 20% drop in shipping orders for the months of … Read more

For the first time in 6 years, this social security factor is not changing

(Kailey Hagen) The coming year will bring many changes to social security, including the biggest cost-of-living adjustment we’ve seen in decades. But there is another key element of social security that, after six years of hike, will finally remain the same in 2023 and the foreseeable future. Below, we’ll take a closer look at what … Read more

5 things to know before the stock market opens on Monday 3 October

Traders on the floor of the NYSE September. 30, 2022. Source: NYSE Here is the most important news that investors need to start their trading day: 1. New start or same problems? Welcome to the fourth quarter. It’s been a tough year for equities and it doesn’t look like the luck of the markets will … Read more