Selling a stock at a loss can be a useful tax strategy. The loss may offset capital gains and, in some cases, reduce taxable income, but that benefit may end up delayed if you buy the same or a substantially identical investment within 30 days before or after the sale.…

A trustee-to-trustee transfer moves retirement money directly between financial institutions without sending the funds to you first. This can simplify moving IRA assets, keeping the money within the retirement system. It also generally avoids the 60-day deadline and once-per-year restriction that can apply to certain IRA rollovers.A financial advisor can…

Inflation remained elevated in August even as the pace of consumer price growth from a year ago remains elevated, as the Federal Reserve considers a potential interest rate hike next month. The Bureau of Labor Statistics (BLS) said on Wednesday that the consumer price index (CPI) – a broad measure of…

American consumers are facing higher costs as the war in Iran pushes energy prices higher, with U.S. households having spent over $100 billion more this year due to elevated gasoline and diesel prices, an economist says. Mark Zandi, chief economist at Moody’s Analytics, told FOX Business that “higher oil prices…