Despite declining federal budget deficits, the large and growing national debt has created a common perception that, at some point, tax burdens must rise to address the issue. While no one knows for certain, the mere belief that higher tax...
Bill Gross, who co-founded Pacific Investment Management Co. more than four decades ago and rose to become manager of the world’s biggest bond mutual fund, is leaving amid a dispute with management over how to move the firm forward and...
The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. Michael Flaherty & Howard Schneider
...California Public Employees' Retirement System oversees $298 billion – Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. Anna Prior |...
What could be better than “save-the-date?” A lilac-scented envelope with frilly streamers usually heralds the announcement of upcoming nuptials with an attendant celebration to boot. Choose from the chicken or fish option and you’re on your way. If only it...
In an effort to keep too-low inflation from derailing the eurozone's weak economy, the European Central Bank surprised financial markets with a cut in interest rates and new stimulus plans, despite opposition from Germany's powerful central bank. Brian Blackstone |...
The number of contracts signed to buy previously owned homes rose in July, a new sign that steady job growth is supporting a rebound in demand for housing. Shari Olefsen joins MoneyBeat. Yahoo! Finance
...Explaining the past is much easier than predicting the future. This uncertainty raises a significant number of issues when creating a financial plan for a client. Monte Carlo simulations will illuminate the nature of that uncertainty, but only if advisors...
Until his Social Security check arrived nearly $300 lighter last June, Eric Merklein, 67, had no idea that he was carrying outstanding student debt. Merklein eventually learned that the government was taking money from his Social Security payments to repay...
Suppose you need cash for a medical emergency. You can tap your IRA, especially if you plan to repay your account. The key is to repay the money within 60 days. In IRS jargon, that is an IRA-to-IRA rollover. Investor’s...
Standard & Poor's declared Argentina in default after the government missed a deadline for paying interest on $13 billion of restructured bonds. Camila Russo and Katia Porzecanski | Bloomberg
...It's official now. The Internal Revenue Service recently announced inflation adjustments in many tax provisions for the 2014 tax year. These changes, required by law, will affect returns for 2014, to be filed in 2015. Many taxpayers may find it...
Lately, every stock market watcher has been keeping a close eye on the Robert Shiller's cyclically-adjusted price-earnings (CAPE) ratio. Sam Ro | Business Insider
...For the foreseeable future, the federal estate tax will continue to affect only the richest families in America. As the federal estate tax exemption rises each year, the number of estate tax returns falls. From 2003 to 2012, the number...
