dowell | Moment | Getty Images With the stock market hovering near record highs, you may have large profits sitting in a taxable brokerage account. Upon selling, you could owe capital gains taxes, levied at 0%, 15% or 20%, based on taxable income, if you own the assets for more than one year. There’s also a…
Jakub Porzycki | NurPhoto | Getty Images Ether is pulling back to start the week, after hitting a fresh all-time high over the weekend. The price of the second largest cryptocurrency fell 5% to $4,588.85 on Monday, according to Coin Metrics. On Sunday, it rose to a fresh record of $4,954.81, after hitting an all-time…
Marco Vdm | E+ | Getty Images For many investors, workplace retirement plans build long-term savings via automatic paycheck deferrals. But most employees don’t make Roth contributions, which can grow tax-free. Some 86% of retirement plans, such as 401(k)s, offered Roth contributions in 2024, but only 18% of investors with the option participated, according to…
Alistair Berg | Digitalvision | Getty Images While you may hope to step out of the workforce sooner rather than later, it’s easier said than done, experts say. On average, surveyed Americans, asked “What age should you be” for retirement, said 58, according to a recent report by Empower, which polled 1,001 adults on June…
There’s worry retail investor exuberance in the exchange-traded fund space is flashing a warning signal for markets. As individuals pour billions of dollars into some of the riskiest pockets of the exchange-traded fund market, some experts like ETF Action’s Mike Akins question whether the trend is a sign of markets overheating. “Product proliferation in the…
Omar Marques | Lightrocket | Getty Images The price of ether rebounded to near-record levels on Friday after Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts and investors returned to risk-on mode. The second-largest cryptocurrency was last higher by nearly 14% at $4,817.61, according to Coin Metrics. Last week, ether nearly touched its…
Lorene Cowan, 44, thought she would own a home by now. However, in New York City, where Cowan lives and works, home prices have soared beyond reach. “I would love to buy a home. That’s the next step,” said Cowan, a business and life coach. But “in New York, the entry in became so much…
Idrees Abbas | Sopa Images | Lightrocket | Getty Images Crypto stocks suffered Tuesday as investors fled tech stocks and riskier corners of the market. Among crypto exchanges, Coinbase and eToro fell more than 5% and 6%, respectively, while Robinhood and Bullish both dropped more than 6%. Crypto financial services firm Galaxy Digital tumbled 10%….
A worsening macroeconomic climate and the collapse of industry giants such as FTX and Terra have weighed on bitcoin’s price this year. STR | Nurphoto via Getty Images The crypto market tumbled to begin the week as heightened macro concerns triggered more than $500 million in forced selling of long positions. The price of bitcoin…
Yieldstreet customer Justin Klish, who said he faces $400,000 in losses from investing on the platform. Courtesy: Justin Klish When Justin Klish stumbled upon an ad for Yieldstreet in February 2022, he said, it was the company’s tagline that stuck in his head. “Invest like the 1%,” the startup said. The ad spoke to his…
