In preparation for a recent presentation, I asked for data to document the increasing dependence on 401(k)s as opposed to traditional defined-benefit plans. One of the figures included total retirement wealth for households in the middle of the wealth distribution for five different cohorts. I was stunned to see that retirement wealth, measured in 2016 […]
The holiday shopping season is over, which means it’s time to prepare for another annual ritual that doesn’t get as much attention: returns season. It’s shaping up to be a busy one. UPS UPS, +0.00% says it expects to handle a record 1.9 million returns on Jan. 2, a 26% increase over last year. […]
WASHINGTON (Reuters) – U.S. Defense Secretary Mark Esper on Thursday said the United States still sees a political agreement on denuclearization as the best path forward on North Korea, but that American forces remained prepared to fight if necessary. “We would urge restraint by Kim Jong Un,” Esper said in an interview on Fox News. […]
FBI investigators claim former deputy director Andrew McCabe admitted to misleading them about his involvement in a media leak and subsequently apologized for the lie, according to newly released transcripts of McCabe’s interviews with investigators. The transcripts, released by the Department of Justice Inspector General’s office (OIG) — which found McCabe “lacked candor” with investigators […]
The two stocks that contributed the most to 2019’s total stock-market returns also hold that position for the entire decade. While it’s fun to look at how the overall composition of the top 10 contributors has changed — with a noticeable shift from the energy sector to finance, for example — it’s perhaps more interesting […]
1 / 3 ADDITION Hanukkah Stabbings Jewish Enclaves ADDS CONTEXT ABOUT ANTI-SEMITIC EVENTS IN NEW YORK AND THE SURROUNDING SUBURBS – In this Dec. 30, 2019, photo, Jewish girls walk to a bus in the Crown Heights neighborhood of New York, for a trip to Monsey, N.Y. Monsey Trails commuter bus company offers daily service […]
(Bloomberg) — Hong Kong began 2020 with a familiar sight: Tear gas, fires, vandalism and roadblocks in busy downtown areas as protesters vowed to maintain their fight for more democracy and less Chinese control. Riot police battled demonstrators into the night after large crowds of mostly peaceful demonstrators flooded streets from Causeway Bay to Central. […]
JERUSALEM (AP) — Israeli Prime Minister Benjamin Netanyahu said Wednesday he would seek immunity from corruption charges, likely delaying any trial until after March elections, when he hopes to have a majority coalition that will shield him from prosecution. Netanyahu was indicted in November on charges of accepting bribes, fraud and breach of trust. After […]
Dear Moneyist, Several years after my mother’s death, my father remarried. My stepmother is an insecure, manipulative woman. Because my father seems happy to be with her, I keep those feelings to myself, other than confiding in my partner. My stepmother is eight years younger than my father, and we expect that she will outlive […]
Planning to sell a home in Raleigh, N.C.? There’s a decent chance that an “iBuyer” will purchase it. Raleigh had the largest share of homes bought by companies that use technology to make instant offers on homes. Nearly 7% of homes sold in Raleigh in the third quarter of 2019 were bought by iBuyers, according […]