Financial advisors suggest that maximizing your 401(k) contributions for the year 2024 might not be the best move for everyone. While the contribution limit has increased to $23,000 for employees, with an additional $7,500 for those over 50, there are several factors to consider before reaching this limit. It is important to carefully evaluate your
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The Biden administration’s decision to resume offering free at-home Covid-19 tests to American households in late September comes at a crucial time as the virus continues to gain a stronger foothold in the U.S. this summer. Through COVIDtests.gov, Americans will have the opportunity to request four free tests, providing them with a vital tool in
Federal Reserve Chair Jerome Powell recently addressed the looming possibility of interest rate cuts in the near future at the Fed’s annual retreat in Jackson Hole, Wyoming. Powell emphasized the need for policy adjustments, signaling a shift in direction for the central bank. Despite acknowledging the challenges ahead, Powell refrained from providing specific details regarding
Over the past decade, top homebuilders such as D.R. Horton and Lennar have shown impressive returns, outpacing the broader S&P 500 index. However, recent downgrades in their investment outlook have raised concerns among analysts about the industry’s future prospects. Despite this, there are still investors who remain optimistic about the performance of homebuilders in the
The annual Monterey Car Week auction sales have experienced a 3% decline from the previous year, indicating a shift from older classic cars to newer models. This shift has resulted in a surplus of unsold classic cars from the 1950s and 1960s. Total sales at the five car auctioneers in Monterey, including RM Sotheby’s, Broad
The rise of remote work in the U.S. labor market has been described as one of the major shifts in recent decades by economists. This trend, which became more prominent during the Covid-19 pandemic, shows no signs of disappearing anytime soon. According to Nick Bunker, the economic research director for North America at job site
Retirees face the challenge of managing their income sources to ensure they are meeting their tax obligations to the IRS. The quarterly estimated tax deadlines can be a burden, but there is a lesser-known year-end strategy that can help retirees cover their taxes while still staying compliant with IRS rules. Experts recommend using required minimum
In July, closed sales of previously owned homes increased by 1.3% compared to June, reaching a seasonally adjusted, annualized rate of 3.95 million units. This marked the first uptick in sales after five consecutive months of decline. However, sales were still 2.5% lower compared to the same period last year. The Northeast region experienced the
Philadelphia Federal Reserve President Patrick Harker recently voiced his support for a potential interest rate cut in September. Speaking at the Fed’s annual retreat in Jackson Hole, Wyoming, Harker emphasized the need for monetary policy easing as a means to address economic challenges. Harker’s stance reflects growing confidence among officials regarding the trajectory of inflation
Danish biotech company Bavarian Nordic has recently made waves in the market with its impressive financial performance. The company reported second quarter revenues of 1.43 billion Danish krone ($213 million) and operating profit of 420 million krone, surpassing analyst expectations. This positive news has driven a 13% increase in the company’s shares, indicating investor confidence