As markets go up and as markets go down, your retirement savings likely needs to be adjusted i.e. rebalanced, for the changing times. Recently we have experience a nearly 45% rally in stocks over the last 18 months (S&P 500 12/31/22-6/30/24), if you have not rebalanced your 401k, you are likely overweight stocks to your intended allocation and may be unintentionally risking more of your hard earned savings that intended.
Summer is the perfect time for international travel. Whether you're dreaming of a European adventure, a tropical getaway, or an exploration of exotic cultures, preparing for your journey includes more than just packing your bags. Ensuring you have a reliable and secure way to access your money abroad is crucial. This is where the Schwab Debit Card comes into play, offering unparalleled benefits and safety features that provide peace of mind on your travels.
Inheriting an Individual Retirement Arrangement (IRA) account used to be a straightforward process, but changes in tax laws outlined in the SECURE Act of 2019 have brought some important modifications, especially for “non-spousal” beneficiaries. If you've inherited an IRA or a Roth IRA or you're planning for your beneficiaries, it's crucial to understand the new rules.
There is a growing concern among some investors that the debt ceiling limit (controlled by Congress) and the spending plan (controlled by the President) will collide this summer. The history of federal government budgets, spending, debt ceiling limits, and shutdowns shows that these issues are complex and interrelated. They also reflect the political and economic challenges that the country faces at different times.
Given the recent headlines around bank failures, now is an excellent time to revisit how your money is protected.