Bank of America 3Q Profits Rise 32 Percent, Beats Forecasts
Bank of America third-quarter profits rise by 32 percent from a year ago, as the bank was able to charge more for loans and also benefited from a much lower tax rate. NEW YORK — Bank of America said Monday that its third-quarter profits rose by 32 percent from a year ago, as higher interest […]
Sears files for Chapter 11
Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of business. Sears, which started as a mail […]
5 things to do right now instead of panicking about stock market volatility
First off, remember to breathe. A rocky few months for the stock market has created a lot of worry among investors, and it’s not over yet. The Dow Jones Industrial Average DJIA, +1.15% experienced renewed volatility Thursday after falling more than 800 points on Wednesday, the worst one-day fall since February, and 545 points on […]
Nearly 40 percent of millennials say saving for retirement is not a priority right now
When you’re in your 20s, retirement can seem impossibly far away. Investing for something that’s some 40 years in the future may feel a bit like taking scarce resources that you need right now and locking them away for a time that might never come. And even it if will, there’s no need to start […]
Beware: Social Security Can Make Your Taxes Soar
There are still a few months before tax season begins, but for retirees on a fixed income, any hint of a higher tax bill requires careful pre-planning. For the most part, typical American retirees generally have modest incomes and are therefore in relatively low tax brackets. But one thing that many people don’t realize is […]
These numbers show Suze Orman is right about needing $5 million to retire
Suze Orman broke the internet earlier this month when she told the “Afford Anything” podcast that those buying into the FIRE movement (financial independence, retire early) better save at least $5 million to achieve that goal. The overwhelming response: Are you nuts, rich lady? Emails poured in, tweetstorms raged, Reddit’s FIRE board lit up and […]