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As the festive season approaches, Americans are preparing to indulge in holiday spending like never before. The National Retail Federation forecasts that between November 1 and December 31, total holiday expenditures could reach a staggering $979.5 billion to $989 billion. This marks a notable increase in consumer spending intentions compared to previous years. Deloitte’s holiday

As the cost of living continues to soar and interest rates reach unprecedented levels, a significant portion of the American populace is grappling with increasing financial strain. A recent report from Bankrate reveals that approximately 37% of credit cardholders have either maxed out their cards or come perilously close to doing so since the Federal

As the political climate shifts with each election cycle, investors often experience heightened anxiety regarding the potential implications of electoral outcomes on their portfolios. However, a more pressing issue that financial advisors are turning their attention towards is the escalating national debt. Recent findings from a survey conducted by Natixis Investment Managers highlight that 68%

The challenges facing the United States’ retirement system are significant and numerous, as evidenced by recent rankings and evaluations comparing it to global peers. The 2024 Mercer CFA Institute Global Pension Index delivered a sobering C+ grade, placing the U.S. at 29th out of 48 nations, indicating systemic issues and a pressing need for reform.

In recent years, the investment landscape has witnessed a notable evolution as exchange-traded funds (ETFs) gain traction, especially those with actively managed strategies. Historically, ETFs have been synonymous with passive management—tracking specific indices like the S&P 500. However, a marked increase in the popularity of actively managed ETFs is reshaping perceptions, as more investors are

As the landscape of retirement accounts evolves, beneficiaries of inherited Individual Retirement Accounts (IRAs) are finding themselves at a crossroads. Starting in 2025, non-spousal heirs will face new rules regarding required minimum distributions (RMDs) from inherited IRAs, which introduces the prospect of annual withdrawals — or penalties for failing to comply. This transition marks a

Americans’ struggles with retirement savings are becoming increasingly apparent, with many individuals unprepared for their golden years. In response to this growing concern, the government implemented the Secure Act 2.0, which introduced pivotal changes to the retirement savings landscape. While some modifications are already in effect, others—particularly those designed to assist older workers—will come into

Natural disasters profoundly affect communities, not only disrupting lives but also creating significant financial repercussions for individuals. The aftermath of such disasters often leaves victims scrambling to seek assistance, including tax relief options. However, the path to obtaining tax deductions and credits can be riddled with complexities that many individuals may find overwhelming. This article

With the Medicare open enrollment period for 2025 looming on the horizon, millions of retirees are presented with a vital opportunity to reassess and select their healthcare plans. The enrollment window, which opens on October 15 and remains available until December 7, beckons beneficiaries to dive into the complexities of Medicare coverage. However, despite its

Opening a Roth Individual Retirement Account (IRA) for your child is a forward-thinking decision that can pave the way for their financial security. However, the challenge lies in instilling a savings mindset in children who are typically more inclined to spend their earnings immediately. To help them grasp the importance of saving for long-term goals,