Wealth

If you’re married, split your HSA savings into two accounts, with money in both your name and your spouse’s, Stahl said. You’ll still be limited to the maximum annual family contribution (currently $6,750), but then each spouse can make an annual $1,000 catch-up contribution once they reach age 55, he said. Workers who have access
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When it comes to who should feel in charge of their own money, Beyonce said it best: “All the single ladies, now put your hands up.” Nearly all single women — 97 percent — said it’s important to be engaged in managing their finances, according to a new Fidelity Investments study, “Single Women & Money.”
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The possibility of the GOP tax cut plan actually increasing taxes would only impact “a few people at the very top,” said Kevin Hassett, economic advisor to President Donald Trump. “They’ve got plenty of resources,” said the Council of Economic Advisors chairman, referring to people who make more than $1 million in high-tax states, such
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Some dealers say the buyer is likely an American, since there is only one da Vinci in the U.S. — currently at the National Gallery in Washington — and it would make sense for a billionaire to buy it and donate it to a museum in New York or L.A. Others say the price suggests
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When it comes to the much-ballyhooed business of disruption, if you can’t beat them, join them — and do a little disrupting of your own. That was the message to financial advisors unsettled by the rise of robo-advisors and other industry disruptors from speaker and writer Julie Littlechild, speaking at Charles Schwab’s IMPACT 2017 confab
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“I don’t think there’s a single greater threat to your organizations outside of email,” Moseley said. “We don’t hesitate to click a link, to open an attachment.” Ransomware, malicious links, social engineering and other common scams all come in via email, he explained. One smart thing a financial advisor can do is hire an outside
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Getty Images House Way and Means Chairman Kevin Brady (L) (R-TX) and Speaker of the House Paul Ryan (R) (R-WI), joined by members of the House Republican leadership, introduce tax reform legislation November 2, 2017 in Washington, DC. The GOP’s tax plan contains a little-noticed tax hike on big earners that could add another $12,000
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Lucy Nicholson | Reuters Ken Griffin, founder and Chief Executive Officer of Citadel, speaks during the Milken Institute Global Conference in Beverly Hills, California, May 1, 2017. Billionaire businessman Ken Griffin is donating $125 million to the University of Chicago’s Department of Economics. The university announced Griffin’s gift Wednesday, saying it’s the second-largest in school
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There are an estimated 11.2 million widowed individuals across the nation, according to the U.S. census, most of them women. Those who are affluent often initially face one of two financial challenges: having too little cash or too much. The most common issue in having too little cash is lack of immediate access. Perhaps most
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An online investment platform that allows Chinese investors to access a number of “alternative” U.S. investments officially launched Monday. Financial technology firm MarketX lets upper-middle class and institution Chinese investors to invest in tech firms that have not yet issued shares to the general public. These include such notable names as ride-hailing giant Lyft, music
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Ask about your options for paying the down payment and closing costs, said Allan, who blogs about personal finance at FrugalBeautiful.com and now, after her experience, at Realestatewirefraud.com. You may be able to bring a paper certified check or cashier’s check to the closing or an agent’s office ahead of time, avoiding the possibility the
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