6 summertime uses for this tax-favored savings account
Before you head to the beach, use this tax-advantaged account to stock up on summer necessities. Flexible spending accounts allow workers to sock away cash on a pretax basis into a savings account. You can take tax-free distributions from your FSA as long as the money goes toward qualified medical expenses. Last year, about 3 […]
What’s the magic number for retirement savings? $1.7 million, according to this study
When it comes to retirement savings, many Americans miss the mark. On average, Americans believe they need $1.7 million to retire, according to a recent survey from Charles Schwab, which looked at 1,000 401(k) plan participants nationwide. In fact, “that’s a pretty good number if you average out age and median salary across the U.S.,” […]
This Social Security Mistake Could Cost You $111,000
When you’re creeping toward retirement age with little to no savings, it can be tempting to lean on your Social Security benefits a little too heavily. For those with average earnings, benefits are only designed to replace around 40% of your income. And yet half of baby boomers say they expect Social Security to be […]
How Does Your 401(k) Compare to The Average?
If you’re fortunate enough to have access to a 401(k) through your employer, take full advantage of it. Only around 53% of workers over the age of 22 have access to a defined contribution plan, such as a 401(k), according to a Pew survey. Of those who have access to this type of plan, however, […]
‘Destiny 2’ year two winds down with Moments of Triumph starting July 9th
Solstice of Heroes is also making its return. The second year of Destiny 2 is ramping down with Shadowkeep around the corner, and that can only mean one thing in Bungie’s world: it’s achievement-hunting season. The developer is kicking off 2019’s Moments of Triumph on July 9th, giving you a chance to earn rewards for […]
The EU’s election interference alert system isn’t working properly
It was stymied by incomplete information and political disagreements. The European Union was quick to report online interference in its recent elections, but the system designed to catch that interference apparently needs some improvement. The New York Times has learned through records and interviews that the EU’s Rapid Alert System hasn’t been very effective in […]
FBI and ICE use DMV photos as ‘gold mine’ for facial recognition data
No one approved the creation of this system. Cities and companies might be turning away from facial recognition, but federal agents are embracing it — whether or not the public is fully aware of what’s happening. Georgetown Law researchers and the Washington Post have discovered that FBI and ICE investigators have been using state DMVs […]
X-rays help astronomers detect spinning black holes
Lensing tricks made it possible, too. It can be tricky to measure the spin of a black hole, particularly when it’s hard to see them, but astronomers have pulled off just such a feat. They’ve gauged the spins of five supermassive black holes through a combination of data from the Chandra X-ray Observatory and gravitational […]
Stocks to Watch: Centerra Gold Inc. (TSX:CG) Down -1.80%
Centerra Gold Inc. (TSX:CG) stock finished trading at -1.80%, bringing the stock price to $9.30 on the Toronto Stock Exchange. The stock price saw a low of $9.19 and a high of $9.42. The company’s stock was traded 2,952 times with a total of 586,823 shares traded. Centerra Gold Inc. has a market cap of […]
Stocks to Watch: Birchcliff Energy Ltd. (TSX:BIR) Up +3.08%
Birchcliff Energy Ltd. (TSX:BIR) stock finished trading at +3.08%, bringing the stock price to $2.68 on the Toronto Stock Exchange. The stock price saw a low of $2.64 and a high of $2.68. The company’s stock was traded 738 times with a total of 336,130 shares traded. Birchcliff Energy Ltd. has a market cap of […]