A recent decision by the Securities and Exchange Commission to begin allowing fund companies to create ETF share classes of traditional mutual funds is expected to lead to a flood of new ETFs on the market, but State Street‘s fund management arm, State Street Investment Management, has other ideas. The ETF giant, which manages roughly…
Tim Robberts | Digitalvision | Getty Images Student loan forgiveness is a major relief for borrowers — many of whom have been in repayment for decades. But after receiving debt cancellation, there are key steps you should take, experts say. The Trump administration agreed last month to resume forgiving people’s education debts under programs that…
Nearly half of Americans are not saving enough for retirement and TIAA Retirement Solutions CEO Kourney Gibson say we have no time to waste, herself included. “45% of Americans aren’t saving enough for retirement so every single day that we’re sitting there presenting on something, or sitting in a room, looking at each other without…
Most working adults feel behind when it comes to their retirement savings. But when broken down by generation, Gen Xers are the least financially prepared generation for retirement by nearly every measure, according to a new research paper by Alliance’s Retirement Income Institute. “While Baby Boomers dominate the headlines, Generation X faces an even greater…
Juanma Hache | Moment | Getty Images While many investors welcome a windfall, the rules for inherited individual retirement accounts are complicated — and mistakes can be costly. Since 2020, certain inherited accounts are subject to the “10-year rule,” and heirs must empty the balance by the 10th year after the original account owner’s death. …
A UPS truck at the Palace Imports warehouse in Linden, New Jersey, US, on Wednesday, Aug. 27, 2025. Michael Nagle | Bloomberg | Getty Images After a wave of big companies announcing steep job cuts, many laid-off workers may face a financially difficult and uncertain period ahead. Amazon said on Tuesday that it would eliminate…
Jetcityimage | Istock | Getty Images The U.S. Department of the Treasury has announced new rates for Series I bonds. Newly purchased I bonds will pay 4.03% annual interest from Nov. 1 through April 30, which is up from the 3.98% yield offered through Oct. 31. The new rate includes a variable portion of 3.12%,…
Halfpoint Images | Moment | Getty Images The new 2.8% cost-of-living adjustment doesn’t just increase Social Security checks, starting with January payments — it also boosts thresholds related to the maximum retirement benefit. The maximum Social Security benefit for workers who claim at full retirement age will increase to $4,152 per month in 2026, up…
Even as a record number of Americans are reaching retirement age, many adults have not considered the impact that inflation and Social Security benefits will have on their financial future. A new global survey by Prudential found 89% of wealthy U.S. adults polled said they are confident they’d be able to cover essential costs in…
Sdi Productions | Istock | Getty Images Amid growing consumer interest in alternative investments, financial advisors say it’s important to find the right way to invest. Alternative investments are a broad category that covers many assets outside traditional holdings of cash, stock and bonds. Alts include private-market assets, real estate, commodities such as gold and…
