Secured guarantee

Share to Twitter Share to Linkedin SECURE 2.0 was part of the Consolidated Appropriations Act, 2023. It introduces a significant number of changes to contributions, simplicity of participation, and the date for beginning Required Minimum Distributions (RMD). However, one interesting twist is a provision that allows a 529 education plan to be rolled into a Roth. Aside from a great opportunity to extend tax-free growth for children or grandchildren, it also creates a theoretical possibility for the longest possible tax-free compounding period. I’d like to call this “The Baby Roth.” Roth IRAs are great planning tools for a variety of reasons: · Growth is tax-free for qualified distributions (generally age 59 ½ and 5 years) · There are no Required Minimum Distributions at age 73 or older (Note SECURE 2.0 changes the RMD age to 73, and eventually, 75) · Growth can continue for 10 years beyond the death of the Roth owner and spouse (if the spouse is the … [Read more...] about New SECURE 2.0 Planning Move – 529 To Roth

Share to Twitter Share to Linkedin Has SECURE 2.0 been over-hyped? Or will it prove to be a game-changer? Financial professionals are split on the issue . But there’s one thing for sure: in some cases, the blunt force of reality may dampen the enthusiasm of the headlines. You can’t escape it. Everywhere you look, you find prognosticators predicting the best of all possible worlds rising from SECURE 2.0. There’s a problem looking at SECURE 2.0 through rose-colored spectacles. Some provisions won’t become effective immediately. Others, like the once promising PEPs from the original SECURE Act, may sound better on paper than in the practical world. “Honestly,” says Corey Noyes, Owner & Financial Advisor of Balanced Capital in Heber City, Utah, “none of the parts people expect to be game changers will.” In the months leading up to its passage, reporters trumpeted all the prospective benefits to be offered by SECURE 2.0. You’ve probably noticed the … [Read more...] about Head’s Up Insight: Here’s Where SECURE 2.0 Falls Short And Will Disappoint You Today

Share to Twitter Share to Linkedin A friend of mine recently started his Social Security benefits at age 66, justifying his decision because interest rates have risen recently from virtually zero to the four percent range. That made me question if the conventional wisdom still applies: This wisdom says that for most people, delaying the start of Social Security benefits as long as possible, even to age 70, is the best approach from a purely financial perspective. To determine if that’s still the case, it’s important to understand the significance of the so-called “real” interest rate—the rate you can earn on guaranteed investments after adjusting for inflation. But inflation has also risen significantly at the same time as interest rates. As a result, real interest rates haven’t increased as much as the actual interest rates have. When analyzing the financial advantage of a Social Security claiming strategy, it’s essential to take the real interest rate … [Read more...] about Is Delaying Social Security Benefits Still A Good Deal?

Share to Twitter Share to Linkedin Jonathan Levin of Chainalysis speaking at the Kaspersky Security Analyst Summit 2018 at Grand Fiesta ... [+] Americana Coral Beach Resort on March 8, 2018 in Cancun, Mexico. (Photo by Manuel Velasquez/Getty Images). Tracking the myriad cryptocurrencies as they ping around the world en masse every day is no simple task. Ask 27-year-old British entrepreneur Jonathan Levin, co-founder and chief operating officer of Chainalysis, one of the hottest companies in the burgeoning business of digital currency tracking. In its early days, in 2014, Chainalysis would do its best to retroactively monitor transactions and follow the money of nefarious types on the blockchain, largely for the benefit of U.S. government investigators hunting fraudsters and launderers. Now Levin sees multi-billion dollar financial institutions who want to instantly know who they're dealing with when interacting with millions of … [Read more...] about Why Investors Are Betting Millions On Bitcoin Surveillance

Share to Twitter Share to Linkedin Key takeaways With traditional bonds, you pay a face amount and earn a fixed interest rate for the bond's life. Treasury Inflation-Protected Securities (TIPS) also have fixed interest rates. However, the face amount adjusts based on inflation, which can increase or decrease your interest payments. Buying TIPS directly gives you the most control and helps to limit losses compared to buying a TIPS mutual fund or exchange-traded fund. With inflation rising, many investors are looking for ways to earn a return that keeps up with inflation. While the options may seem limited, one option gaining popularity is Treasury Inflation-Protected Securities. Here is how this investment works and helps protect your wealth in high inflationary times—plus, how Q.ai can help you do just that . What are treasury inflation-protected securities? Treasury Inflation-Protected Securities (TIPS) are U.S. government bonds … [Read more...] about Treasury Inflation-Protected Securities Can Protect Your Cash During A Recession – Here’s How

Ukraine President Volodymr Zelenskyy (Image: Reuters) Ukraine's President Volodymyr Zelenskyy wants to visit the United Nations to address a high-level meeting of the 193-member General Assembly on the eve of the first anniversary of Russia's Feb. 24 invasion of his country if the security situation permits, a senior Foreign Ministry official said Friday. First Deputy Foreign Minister Emine Dzhaparova cautioned in an interview with The Associated Press that many factors need to be in place for him to come, citing first and foremost the military situation on the ground and a warning from Ukraine's intelligence service that Russia is planning a very serious offensive in February. Our president would want to come, he has a will or intention to come, she said, but it's still a question if there will be a security situation that will allow him to come. If Zelenskyy does come to the U.N., it would be only his second trip outside Ukraine since the invasion. He made a surprise … [Read more...] about Ukraine’s leader wants to visit UN on invasion anniversary

Under the new system proposed by Sebi, the client money stays in the custody of the client till settlement (Representative image) The Securities and Exchange Board of India ( Sebi ) is proposing a game-changing reform in the secondary market. It has put out a consultation paper on allowing investor money to flow directly from his/her bank account to the secondary market, instead of from an account maintained by their stock brokers. A similar system is already in place for the IPO market, where a person can subscribe to an issue through the Application Supported by Blocked Account (ASBA) route. Here, the money is forwarded to complete the order only if the person is allotted shares; otherwise, the money is freed up. Also read: SAT sets aside Sebi's disgorgement order against NSE Why is this proposal momentous? While it protects investors’ money from being misused by intermediaries, including stockbrokers, it could mean higher brokerage fee and the end of many small … [Read more...] about Explained: Why is Sebi’s ‘blocking funds’ proposal causing sleepless nights?

Share to Twitter Share to Linkedin Dispatches from Ukraine. Day 334. As Russia’s attack on Ukraine continues and the war rages on, reliable sources of information are critical. Forbes gathers information and provides updates on the situation. By Daria Dzysiuk. Six air targets were destroyed by Ukraine’s Air Force on January 23, the military’s press centre wrote : two Russian ‘Su-25’ attack aircrafts, a ‘Ka-52’ attack helicopter, two ‘X-59’ guided aircraft missiles, and an ‘Orlan-10’ UAV. General staff of the Ukrainian military says Russia has replenished its manpower in Vynohradove and Brylivka, in the Kherson region, throughout January 18 and 21. “Personnel was armed with light weapons, few soldiers had means of personal protection, such as bulletproof vests, no military equipment was imported.” A source says the Russian army continues suffering grave battle losses: In Dniprorudne, in the Zaporizhia region, the local hospital … [Read more...] about Monday, January 23. Russia’s War On Ukraine: Daily News And Information From Ukraine

Share to Twitter Share to Linkedin Confucius once said “When it is obvious that the goals cannot be reached, don't adjust the goals, adjust the action steps.” As we head into the last week of the first month of the year, ask yourself, are you on your way to reaching your financial goals year year? With the new year, do you have a new way of tackling your financial goals or are we replaying 2022? Is it time to map out your 2023 path towards financial independence? If your New Year’s resolutions list included wanting to boost your finances, here is a simple list of suggestions that I hope will turn into resolutions you actually will keep. Have a happy – and prosperous – 2023! Reassess your financial picture. Rising inflation, job changes or major milestones are all reasons to take a fresh look at your finances. Only 33% of Americans have a written financial plan, according to Schwab's 2021 Modern Wealth Survey. Figuring out your future … [Read more...] about The Big, Yet Simple Money Moves Guide You Need For 2023

Share to Twitter Share to Linkedin ChatGPT it the hot artificial intelligence (AI) app of the moment. In case you’re one of the few who hasn’t come across it yet, it’s basically a very sophisticated generative-AI chatbot powered by OpenAI’s GPT-3 large language model (LLM). Basically, that means that it’s a computer program that can understand and “talk” to us in a way that’s very close to conversing with an actual human. A very clever and knowledgeable human at that, who knows around 175 billion pieces of information and is able to recall any of them almost instantly. The sheer power and capability of ChatGPT have fueled the public’s imagination about just what could be possible with AI. Already, there’s a great deal of speculation about how it will impact a huge number of human job roles, from customer service to computer programming . Here, though, I want to take a quick look at what it might mean for the field of cybersecurity. Is it likely to lead to an … [Read more...] about How Dangerous Are ChatGPT And Natural Language Technology For Cybersecurity?