Others echoed that concern. Rachel Winter, a partner at Killik & Co., told the BBC that the sequence of events has fueled speculation that traders may have acted on information that wasn’t yet public.“This appears abnormal, for sure,” Mukesh Sahdev, chief oil analyst at XAnalysts, said to the BBC (3). “There were no indications that any serious talks had been taking place between the US and Iran. So to place so much money on oil going down raises questions.”Large positions appearing seconds or minutes befor ...

Concerned about an AI bubble? Sign up for The Daily Upside for smart and actionable market news, built for investors. The average financial advisor isn’t a health insurance expert, but if there’s one tool they should understand, it’s a health savings account. HSAs not only boast a rare triple tax benefit, they also offer significant flexibility as a retirement planning tool, especially for the wealthy. In fact, the significant long-term tax savings HSAs can generate for higher-income earners have caught t ...

One of the hardest decisions you might make in the context of retirement planning is figuring out when to bring your career to a close. While it's exciting to embrace that next stage of life, it can also be scary. And so it's very important to go in prepared. The reality, though, is that retirees today are facing some unique challenges. Inflation has been a beast in recent years, driving living costs upward. And this year in particular, there's an overseas conflict and broad economic uncertainty to worry ...

Will a recession hit in 2026? At this point, that's anyone's guess. But between the oversees conflict, tariff policies, and general uncertainty, it's easy to see why some people may be worried about the economy taking a serious turn for the worse. Recessions can hit workers harder than retirees because they often lead to an uptick in lost jobs. If you're retired and aren't working, you at least don't have to worry about losing your job. And even if you're working part-time, losing that job could mean givin ...

Some states exempt multiple forms of retirement income and several states have no income tax at all.Credit: whitebalance space / Getty Images Key Takeaways Forty-two states don't tax Social Security income. Thirty-seven states don’t tax most military retirement pay. Sixteen states exempt pension income from state taxes. Nine states have no income tax. This count includes Washington, which taxes high earners' capital gains only. After a lifetime of contributing to Social Security, building up a r ...

When you're in your 20s and 30s, it can be difficult to focus too much on retirement because it seems so far away. But when you're, say, in your 50s, it starts to feel much more real. Some will be in a position of strength, with significant savings already built up, while others will realize they have some catching up to do. The good news is that with 10 years to go, there's still plenty of time to significantly increase your savings. Will AI create the world's first trillionaire? Our team just released a ...

If you're dreaming of an early retirement, you're surely in good company. And it's easy to see the appeal of wrapping up your career in your 50s (or sooner) instead of waiting until your 60s or beyond. But early retirement is something you absolutely have to plan for. Here are two things you must do if you're serious about an early workforce exit. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the ...

Taxes are one of the biggest expenses for middle-class workers, but the IRS actually offers a few rules and breaks that can help you keep more of your money this tax season. Check Out: 5 Tax Loopholes the Ultra-Wealthy Use That Most Americans Don’t Know About Read Next: 5 Low-Effort Ways To Make Passive Income (You Can Start This Week) Here are four IRS rules worth paying attention to. The Standard Deduction Is Higher This Year One of the easiest ways to lower your taxable income is the standard deduct ...

I strongly prefer not to take the RMD. It seems I am being penalized for moving the account: Leaving it at Fidelity requires no distribution, but attempting a rollover triggers one. One alternative would be for Fidelity to distribute the full balance (minus 20% withholding) to me, use $160,000 from an after-tax brokerage account to cover the withholding, then roll the full amount into Schwab. But the opportunity cost of tying up $160,000 with the IRS, along with potential capital-gains taxes from liquidatin ...

LPL Financial's research on more than 25 geopolitical shocks since 1941 suggests that more whipsaw action is likely. From Pearl Harbor to the Russia-Ukraine war, the S&P 500 averaged a drawdown of about 4.6%, bottomed out within about three weeks, and recovered to pre-event levels in less than six, with plenty of turbulence along the way."Keep your seat belts fastened in case this is a head fake before a reescalation in tensions," wrote José Torres, senior economist at Interactive Brokers, in a Monday analy ...