Roth IRA mistakes can cost you valuable tax savings and limit your retirement options. Many people have considered opening — or converting to — a Roth IRA or Roth 401(k) after hearing about the benefits from a friend, advisor, or financial article. The appeal is clear: Roth accounts let you pay taxes now so your future withdrawals are tax-free. A Roth is a retirement savings account where…
All eyes will be on Meta Platforms (META 0.30%) on July 29. That’s when it reports second-quarter earnings, and there will be one major question looming on that date: Will Meta Platforms launch a cloud computing business? If CEO and founder Mark Zuckerberg makes an announcement about a cloud computing platform, I think the stock…
It’s always fun to unearth some esoteric piece of personal finance history. I know there are only a few nerds out there who care (hello, Grant Sabatier!), but those of us who care really care. Two years ago, I published an article exploring the history of financial independence in which I noted that the earliest…
Assessing personal and family complexity in wealth advising
Wall Street’s record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran tensions erased those gains, leaving the blue-chip index down 0.5% for the week. Chip stocks — once…
Insatiable demand for computer memory and other technologies needed to build artificial intelligence boomed again in the second quarter, and could spur another above-average increase in economic growth.
That earlier case, which the court called the Debt and Wrongful Dismissal Action, went to trial in June 2023 but settled before it finished. The advisor agreed to pay CIBC $500,000 in two instalments of $250,000. He paid the first and not the second. CIBC returned to court in July 2024 to enforce the settlement. The advisor argued it…