Key takeaways Robo-advisors provide automated investment management for relatively low fees. Services, such as automatic portfolio rebalancing and tax-loss harvesting, can save investors time and…
Choosing the best high-yield savings account requires comparing interest rates, fees, and account features. Look for accounts offering APYs up to 4.40 percent with FDIC insurance, no monthly maintenance fees and convenient digital features like…
A new analysis projects the Social Security Administration’s (SSA) cost-of-living adjustment (COLA) for next year will be higher than previously projected. The Senior Citizens League (TSCL) released its estimate for the 2026 COLA based on May inflation data and projected that it will be 2.5%, up from the prior month’s estimate…
A $50,000 windfall could really get you started securing your financial future. With time and some smart financial planning, you could create financial stability for yourself and your family — and could even turn your money into a million dollars by making some really basic investments. Here’s how to invest…
Key takeaways Mutual funds — a type of investment that lets you buy a collection of securities — offer convenience, professional management and diversification. There are a few drawbacks with mutual funds, including high fees, uncontrollable tax events and no intraday trading. If you’re new to investing, mutual funds can…
One in three Americans in the workforce say they need more than $1 million to retire comfortably, and 20 percent report that they need more than $2 million, according to Bankrate’s 2024 Retirement Savings Survey. But is $1 million actually enough to live out your golden years in comfort? “Yes,…
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Drs Producoes/Getty Images Key takeaways When you sell mutual fund shares, you will be subject to taxes on the gains. You may owe taxes even if you still own a mutual fund. To minimize taxes…
