Last week, New Jersey Gov. Phil Murphy signed legislation creating a state-run “Secure Choice” retirement plan for an estimated 1.7 million private sector workers who lack a 401(k) at work. New Jersey is likely to be disappointed at the response to its new “auto-IRA,” but for a good reason: the true “retirement coverage gap” is
Month: April 2019
The French Chateau-styled mansion with 56,500 square feet on 4.7 acres of land was designed by architects James Langenheim & Associates .Jim Bartsch Formula One heiress Petra Ecclestone has cut the asking price on her sprawling Los Angeles mansion once again. At $160 million the new price is a 20% discount from her original 2016
Fentanyl issues could derail the prospects of a U.S.-China trade deal if the Chinese government does not crack down on the highly-addictive pain relieve in good faith, CNBC’s Jim Cramer said Monday. “We may eventually get a trade deal, but it won’t be quick, it won’t be easy, and you certainly shouldn’t be buying stocks
Lyft may have launched with a frothy stock price in a not so frothy stock market. The ride share company’s freshly minted stock, after an initial surge, fell below its offer price on its second day of trading Monday, a warning that other hyped unicorns may have to be more conservative about their price in
CNBC’s Jim Cramer on Monday said investors can get an idea of how the market could perform in the second quarter by understanding how the major averages rallied during the first quarter of the year. The Nasdaq had the biggest gain — 16 percent — to open the year. The S&P 500 rallied 13.1 percent
You want to make money on your investments and put your money to work to do good in the world at the same time. But you don’t want to get taken for a ride. Enter the new world of sustainability ratings, which allow you to track how well the impact investments stack up when it
Your friends may be hearing wedding bells, while you may be more worried about something else: sky high bills to attend. Spring officially kicks off the start of wedding season. And for some that can cause financial pain — even if you are not the one walking down the aisle. A new survey from personal
Introduction One of my most important jobs, as Chief Market Strategist of Asbury Research and Asbury Investment Management (AIM), is to constantly evaluate and re-evaluate the current level of risk in the stock market — because it’s always changing. One of the ways I do this is by closely tracking a short list of my
The due date for individual tax returns is actually April 15th this year for most of us. Emancipation Day, a holiday in the District of Columbia, falls on April 16 this year, so it does not affect the April 15 due date for most people. This year Patriots Day falls on April 15 so it
If you’re going through a divorce, deciding how to divide the home you share with your spouse can be one of the more complicated conversations you’ll have. Unlike other assets that must be divided, your home often has many emotions and memories tied to it. For example, if you’ve raised children in it, you may
Facebook could launch a dedicated news tab in partnership with “high-quality” publishers, if CEO Mark Zuckerberg carries out his latest vision for news content on the platform. The dedicated news tab sounds similar to Facebook’s Watch tab, which hosts original programming and longer-form videos — and shares some of the advertising revenue with publishers. “We
Saudi Aramco is by far the most profitable company in the world, according to financial data disclosed by the state-run oil giant in Saudi Arabia. The company made a whopping $111 billion in 2018, the data show. By comparison, Apple made $59.53 billion in fiscal 2018. Saudi Aramco made its financial information available in a
An interview with a pioneer of high yield bonds and philanthropist, Michael Milken. In this interview, Michael discusses his early life and developing the high yield bond market at Drexel Burnham Lambert. Michael also talks about his philanthropic work and the American dream. ? Books about Michael Milken are located at the bottom of the
HED IDEAS: 32-year-old multimillionaire cannabis entrepreneur got his start as a teen treating epilepsy with weed At the age of 14, Joshua Haupt woke up in an ambulance. He was supposed to be in school, but he had suffered a seizure at the breakfast table. Later that day, Haupt was diagnosed with epilepsy. That diagnosis
Death and taxes … you know what the deal is. You can’t avoid either of them. If you have a big tax bill that you can’t pay, life can seem pretty bleak. While the number of tax liens annually filed by the IRS against taxpayers has fallen by more than 50 percent since 2010, there
Good news America: You’re feeling way more optimistic about saving for retirement. But you still worry about it — a lot in fact. More than half of adults are either somewhat more confident (30 percent) or much more confident (27 percent) about their ability to save for retirement than they were three years ago, according
If you’re a hard-charging executive at or near the peak of your career it’s time to start thinking seriously about your next one. Because your life doesn’t end when you step aside. And if you want to be happy for years to come the time to start planning is now. I realize you probably haven’t
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column addresses deeming under the Bipartisan Budget Act of 2015, marriage requirements for divorced spousal benefits, when survivor’s benefits might be claimed, filing after stopping work and the availability of spousal
Share to facebook Share to twitter Share to linkedin The first weekend of Coachella 2019 — or what many are referring to as Arichella — is only days away. If you don’t have accommodations yet, don’t panic. According to the last-minute booking app HotelTonight, there are still plenty of options for anyone who didn’t plan their
U.S. stock futures traded higher on Monday following strong manufacturing data out of China. At around 02:45 a.m. ET, Dow futures rose 166 points, indicating a higher open of 161 points, while the S&P 500 and Nasdaq indexes were also in positive territory. Traders turned focus to the latest economic figures from China. A private