When it comes to preparing for your financial future, it’s essential to explore all available options to maximize tax savings and boost retirement funds. One lesser-known strategy that married couples can take advantage of is the spousal IRA. While traditional IRA contributions usually require earned income, the spousal IRA offers an exception for single-income households,
The burden of childcare falls disproportionately on women, despite advancements in education and increasing representation in senior leadership positions. Studies show that women are more likely than men to take time off work or reduce their hours due to caregiving responsibilities. Additionally, some women may opt for lower-paying jobs with greater flexibility to accommodate their
The issue of retirement in America has become a pressing concern, with fewer Americans being able to afford a financially secure retirement as lifespans continue to increase. BlackRock Chair Larry Fink highlighted this crisis in his recent letter to shareholders, calling it one of the most significant economic challenges of the mid-21st century. Fink argued
The Central Bank of Nigeria recently announced a 200 basis point increase in its key interest rate, raising it to 24.75% from 22.75% as part of its efforts to counter a severe currency crisis and rising inflation. This move comes after a previous increase of 400 basis points in February, highlighting the bank’s commitment to
McDonald’s and Krispy Kreme have announced a new partnership that will see Krispy Kreme doughnuts being sold at McDonald’s restaurants nationwide by the end of 2026. The rollout is set to start in the second half of this year and will take approximately two and a half years for Krispy Kreme to double its distribution
Pacaso, a luxury vacation home co-ownership platform, is making a significant shift in its business model to make it more accessible to a wider range of consumers. Initially launched in 2020 with multimillion-dollar homes listed for co-ownership, the company is now introducing thousands of new listings with share prices starting as low as $200,000. This
As the burden of student loan debt continues to affect millions of Americans, particularly older adults, concerns are growing over the potential reduction in Social Security benefits for those in default. Democratic lawmakers, Sen. Elizabeth Warren and Sen. Ron Wyden, have raised alarm bells over the financial repercussions faced by elderly individuals who rely on
Winning the Mega Millions jackpot can be a life-changing event, but it comes with its own set of costly pitfalls. One major consideration for the next big winner is the tax implications of the prize money. According to experts, most winners don’t think about taxes until they realize that a third of their winnings are
Boeing is currently undergoing a major management shake-up, with CEO Dave Calhoun set to step down at the end of 2024. This decision comes amidst growing pressure from airlines and regulators for significant changes within the aerospace company due to various quality and manufacturing issues plaguing Boeing planes. Calhoun’s departure is accompanied by the resignation
In the ongoing proxy battle between Trian Fund Management and the Walt Disney Company, Nelson Peltz’s firm has decided to withhold its votes from Disney CEO Bob Iger. This move, although expected given the intense nature of the battle, contradicts Trian’s own proxy recommendations. Despite Peltz’s public statements about wanting to collaborate with management if
