Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, […]
Start spreading the news: New Yorkers are coughing up the most cash in state income taxes. The Empire State collected $2,249 per capita in individual state income taxes during the 2017 fiscal year, according to data from the Tax Foundation. Connecticut was second, at $2,218, followed by Massachusetts’ $2,146. In all, seven states don’t tax […]
I have a few go-to sites when I’m looking for information on products I’m interested in buying, like the Wirecutter, the Strategist and Amazon comments (though you’ll have to be careful there). These are usually adequate choices, but if you’re looking for more varied reviews, an easy way to find them is to type the […]
A variety of well known companies—including Levi Strauss, Uber and Lyft—have plans to go public this year. But if you’re looking to add a few “unicorns” to your portfolio, you should pump the brakes for the time being. “In today’s market, chances are that buying in on a newly public stock could be a losing […]
Americans are bad at saving — and banking apps are trying to talk them into doing better. Almost 60% of Americans have less than $1,000 in savings and nearly 80% live paycheck to paycheck. A number of artificial intelligence-powered chatbots are trying to talk people into improving, offering help like budget coaching, unsubscribing users from […]
Ticket prices aren’t taking off. In fact, airfare is getting cheaper. When you adjust for inflation, the average round-trip domestic airfare in 1995 would have cost you $480, according to government data. In 2018, it cost you just an inflation-adjusted $346 — which means it’s fallen more than 27%. What’s more, it’s been falling for […]
Manhattan is losing wealthy residents, home sales are falling in Westchester County, and real estate prices are flattening in several counties. Those are some of the effects that New York says it’s feeling because of the new cap on state and local property tax deductions. The painful fallout of the new tax law is getting […]
Millennials face a nasty set of obstacles on their path to financial security. From student loans and stalled wage growth to nosebleed housing costs and care for aging parents, it’s a tough time to be navigating the early years of adulthood. An anonymous youngster with the troubling “ShortenedLife” nametag knows this all too well, so […]
We’ve written before about why you should encourage your kid to open a Roth IRA—they can start building up savings from a young age, benefitting from compounding and learning about saving and investing along the way. To sweeten the deal, though, consider adding an “employer match” to your child’s contribution: Match them dollar-for-dollar, or whatever […]
Canada’s national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making. “We’re trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, […]
Erica Hernandez was a stay-at-home mom through two recessions that depleted her family’s retirement savings, forcing them into a frugal lifestyle that left little money for frills like dining out. So in 2017, with her two children gearing up for college, she returned to the workforce after a 19-year hiatus — not as the public […]
Auto-enrollment introduces millions of Americans to the concept of saving for retirement — but it’s not enough of a good thing. More companies are implementing automatic enrollment, in which new employees are signed up for a retirement plan, such as a 401(k) or 403(b), when they start their jobs. The money comes out of the […]
