Thursday, December 19

Tag: wealth

Are Joint Bank Accounts the Secret to a Happy Marriage?
27Oct By adminNo Comments
World

Are Joint Bank Accounts the Secret to a Happy Marriage?

Journal Reports: Wealth ManagementThe Employee Benefits You Should Use—but Probably Don’tBy Cheryl Winokur MunkOctober 27, 2023 at 2:30 PM ETMany workers don’t take advantage of such perks as 401(k) matches, medical spending accounts and tuition assistance. It’s time they start.
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How Long Will $1 Million Last Me in Retirement? | Retirement
12Oct By adminNo Comments
Money

How Long Will $1 Million Last Me in Retirement? | Retirement

For many people, $1 million may sound like a lot of money to have for retirement. But how far will that amount really go?There’s no one-size-fits-all process when it comes to calculating that answer. Instead, the life expectancy of your retirement money is determined by your lifestyle needs, investment mix and residence, among other factors.That means accounting for essential living costs, health care and the kind of lifestyle you’re planning. Retirees who want to travel should plan to spend more than people who want to stay closer to home and spend more time with family and friends.Additionally, geography plays a role. Some states and countries cost less than others when you factor in taxes and housing costs.Optimizing investment strategies, including diversification and tax-efficient wi...
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Can I Retire at 65 With $5 Million? | Retirement
11Oct By adminNo Comments
Money

Can I Retire at 65 With $5 Million? | Retirement

If you set aside millions for retirement, you’ll be far above average in terms of wealth compared to many Americans. The average 401(k) balance in the second quarter of 2023 was $112,400, according to Fidelity Investments. That said, savings rates are going up: The average balance has increased 8% from five years ago and nearly 40% from 10 years ago. The number of retirement millionaires is rising, too. According to Fidelity, there were 378,000 millionaires holding a 401(k) account in the second quarter of 2023, compared with 340,000 in the year's first quarter, representing a 10% increase. Among those with individual retirement accounts, the number of millionaires in the first quarter of 2023 was 307,623, and in the second quarter, it was 349,104, indicating a 13% increase.If you have a ...
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Blue Owl Eyes More Middle East Money With Plans for New Dubai Office
13Sep By adminNo Comments
Money

Blue Owl Eyes More Middle East Money With Plans for New Dubai Office

Private credit lender Blue Owl Capital Inc. is formalizing plans to open an office and hire a team in Dubai to focus on capital raising, according to a person with knowledge of the matter.The move is a stepping stone toward a broader Middle Eastern presence, said the person, who asked not to be identified as the details are private.
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