What’s worse: a weak job market or stubborn inflation? Most people would say they don’t want either. Rising prices make it harder to afford the…
A dog food company recalled 300 cases of frozen food this week over possible plastic contamination, according to the U.S. Food and Drug Administration. Wisconsin-based Fromm Family Foods voluntarily recalled the Bonnihill Farms BeefiBowls Beef…
An inherited non-qualified stretch annuity pays out over many years instead of all at once. Only the earnings in each payment are taxable because the original contributions were made with after-tax dollars. Spreading payments over time can lower the yearly tax bill and keep the remaining balance growing tax-deferred. Distribution…
This year has been the year of the luxury credit card. The Chase Sapphire Reserve® and American Express Platinum Card® both added new perks in exchange for higher annual fees (now $795 and $895, respectively). And Citi re-entered the high-end credit card market with the debut of the Citi Strata Elite℠ Card (annual…
The Federal Reserve’s preferred inflation gauge showed that consumer prices remained elevated in September, ahead of the central bank’s policy meeting next week. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.3% in September from a month ago and is up 2.8% from last year. Those…
You can make a Roth IRA conversion at any time, as long as you have money in a qualifying pre-tax account. But the real question is whether it benefits you. Converting in your 60s, for example, can help you avoid required minimum distributions (RMDs) and future taxes on qualified withdrawals.…
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Companies in the private sector lost 32,000 jobs in November, payroll processing firm ADP said Wednesday. The figure is below economists’ estimates of a gain of 10,000 jobs. The prior month’s payrolls number was revised…
