Mamdani campaigned heavily on the promise to raise income taxes on the wealthiest New Yorkers. On a broader scale, whether America’s ultra-rich are paying their fair share of taxes is an issue that has long been debated.In the months leading up to New York City’s mayoral election, Isaac Toledano, CEO of Miami-based developer BH Group, said his firm closed more than $100 million in signed contracts from New York buyers — about twice the year-earlier volume.According to real estate developers, that trend was ...

As you plan, save, and invest for retirement, it can be good to take some time now and then to imagine what your life might be like in the future with your expected nest egg. Everyone is at different places in their nest-egg-building process, though, and you may be aiming for a different-sized war chest for your future. Let's see what retirement might look like if you retire with, say, $400,000. As you read this article, you may be able to make some adjustments to help it apply more accurately to your ow ...

Core Insights - A significant number of employees are opting to cash out their 401(k) plans when leaving a job, which is not considered a wise choice for retirement planning [4][6]. 401(k) Options When Leaving a Job - Employees have four basic options for handling their 401(k) upon leaving a job: 1. Keep it with the old employer, though if the balance is under $5,000, the employer may force a cash-out or transfer [5]. 2. Rollover to an Individual Retirement Account (IRA), allowing for a wider range of investment options and the ability to contribute periodically [5]. 3. Rollover to a new employer's plan, consolidating retirement savings in one place [5]. 4. Cash it out, which is the least favorable option for long-term retirement planning [5]. Harvard's Findings - A study by Harvard Business Review revealed that from 2014 to 2016, 41.4% of surveyed employees cashed out at least part of their 401(k) balance when leaving a job, with 85% of those individuals withdrawing their entire balance [6]. - The study suggests that cashing out is detrimental as it halts the growth of retirement funds in the market [6]. Reasons for Cashing Out - The high rate of cashing out is attributed to poor communication with departing employees, who often receive minimal guidance and may choose the simplest option of taking the money [7].

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Quick Summary Earnings tend to rise through your 20s and 30s, peak in your early 40s, and decline as you approach retirement, making it important to understand how your income compares to others in your age group. Workers who want help translating income benchmarks into a long-term financial plan can use SmartAsset's free matching tool to connect with up to three financial advisors and compare options be ...

Core Insights - The article discusses the shift in investment preferences among Baby Boomers and older Generation X investors towards capital preservation and reliable income, favoring dividend-focused ETFs over high-growth stocks [1][2] Investment Strategy - Investors are seeking steady income without significant capital risk, particularly as the oldest Boomers turn 80 this year [1] - The strategy aims for a total return of 5% to 8% annually through a combination of dividends and moderate price appreciation to stay ahead of inflation [1] Recommended ETFs - The article highlights five dividend-focused ETFs suitable for retirement income: 1. **Schwab U.S. Dividend Equity ETF (SCHD)** - Known for its reliability, though it does not offer a high yield [1] 2. **Vanguard High Dividend Yield ETF (VYM)** - Features low expense fees, with dividends in the high 2% range [1] 3. **ProShares S&P 500 Dividend Aristocrats ETF (NOBL)** - Comprises quality S&P 500 companies that have raised dividends for at least 25 consecutive years [1] 4. **iShares Core Dividend Growth ETF (DGRO)** - Offers a safe dividend around 2.35% [1] 5. **SPDR S&P Dividend ETF (SDY)** - Provides a dividend yield of 2.5% to 3% with potential for growth [1] Market Context - The article emphasizes the importance of low-cost, low-risk funds for retirees, as many are looking for investments that provide both passive income and modest growth [1][2]

Core Viewpoint - Blue Owl Capital has permanently halted quarterly redemptions from its Blue Owl Capital Corporation II fund (OBDC II), leading to a 9% drop in shares, raising concerns among investors about liquidity and capital access [1]. Company Actions - Blue Owl Capital will provide liquidity through periodic distributions instead of allowing redemptions, starting with approximately 30% of OBDC II's net asset value (NAV) by the end of March, funded by recent asset sales and loan repayments [1]. - The fund sold $600 million in loans at 99.7% of par value, indicating no immediate distress in the portfolio [1]. - The decision to halt redemptions follows a significant increase in redemption requests, which reached around $150 million in the first nine months of 2025, a 20% increase from the previous year [1]. Market Context - The private credit market, valued at $3 trillion, is experiencing rising pressures, with default rates projected to increase to 2% by volume, up from 1.5% in 2025 [1]. - The halt in redemptions has drawn comparisons to pre-2008 financial warnings, with media outlets expressing concerns about liquidity mismatches in the sector [1]. - Blue Owl's OBDC II was designed as a finite-life vehicle, launched in 2017 with an expected horizon of about 10 years, aligning with a potential wind-down around 2027 [1]. Investor Profile - The investors in OBDC II are typically high-net-worth or accredited individuals, not the average retail investors, indicating a more sophisticated understanding of the risks associated with private credit investments [1].

Quick Read The personal savings rate collapsed from 6.2% to 4.2% over the past year. At 1.82% inflation $50K in annual retirement expenses will double to $102K over 25 years. Transfer receipts grew 9.3% year-over-year versus 4.1% wage income growth. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read more here. If you're in your mid-50s and haven't seriously confronted your retirement numbers, here's the uncomfor ...

Core Insights - The article emphasizes the importance of proactive financial management to navigate unexpected hardships and maintain financial stability Group 1: Retirement Savings - It is recommended to automate savings by contributing at least 10% (preferably 20%) of each paycheck into retirement plans to avoid human error and temptation [2] - Auto-increasing 401(k) contributions annually can help individuals maximize their retirement savings, even if they do not have access to a workplace plan [3] Group 2: Longevity and Income Sources - Individuals should consider their life expectancy when planning for retirement, as having a guaranteed lifetime income source is crucial for financial resilience [4] - Investing in annuities can be a viable option to ensure that individuals do not outlive their nest egg, with options available both within workplace plans and externally [5] Group 3: Emergency Funds - Maintaining an emergency fund with three to six months' worth of expenses is essential for gracefully navigating financial crises [6]

Core Insights - Meeting with a financial advisor before claiming Social Security benefits is crucial for retirement planning [1][3] Group 1: Importance of Financial Advisors - Financial advisors can help determine the optimal time to claim Social Security benefits, ensuring individuals do not leave money on the table or retire too early [5] - Advisors can explain the tax implications of Social Security benefits, which often surprise retirees when combined with other income sources [6] - A financial advisor can develop a strategy to minimize taxes on Social Security benefits and other income, helping retirees access necessary funds without entering a higher tax bracket [7] Group 2: Finding a Financial Advisor - It is recommended to work with a fee-only fiduciary, who is legally obligated to prioritize the client's best interests [2]

You have several good options for the remaining money in your 401(k) and brokerage account. Depending on what you want to do with the money and the purpose it serves, I think you can either leave it invested aggressively or switch to a more conservative allocation such as 60/40 split.If I read your question correctly, you have a guaranteed income of $11,000 per month and save almost $4,000 from that money. It sounds like you aren’t taking regular withdrawals from your savings and don’t need to. If you have ...