#CFP News, Headlines and Posts

Ask an Advisor: We Have $1.2 Million in IRAs and Only $10k in Cash. Should We Use IRA Withdrawals to Build Our Emergency Fund?

finance.yahoo.com I am 64 ½ and have been retired for just over a year. I am receiving Social Security benefits, a bit early, but have not touched my nest egg except to withdraw $10,000,…

Ask an Advisor: ‘Should I Be Moving Stocks to Bonds?' I'm 65 and Have 82% of My 401(k) in Equities

finance.yahoo.com retirement plan, I’m 82% stocks. I’m 65 and still working. Should I be moving my stocks to bonds? While it's not a satisfying answer, the real answer is that "it depends."…

Ask an Advisor: I'm Hiring an Advisor to Manage My $4-5 Million Estate. Should I Choose the $8k Flat Fee Over a $35k Asset-Based Fee?

finance.yahoo.com I’m nearing retirement and I’m wrestling with hiring either a flat-fee or fee-only (AUM) advisor to help with retirement planning and ongoing investment advice for an estate…

Meet the French oil major that balances growth and greenery

economist.com “TEXAS IS AN El Dorado for us, an energy El Dorado,” declared Patrick Pouyanné, boss of TotalEnergies, last month at CERAWeek, the energy industry’s annual shindig in…

Charles Schwab Investing: What It Looks Like. Pros And Cons

247wallst.com Charles Schwab is a full-service brokerage firm that’s been around since the 1970s. It offers access to commission-free stocks, exchange-traded funds (ETFs) and options. You…

How to manage your money in your 40s, according to CFPs: As your investments grow, 'mistakes can get bigger' too

cnbc.com In your 40s, financial priorities can range from taking care of aging parents to funding the activities and futures of your kids. You probably feel more settled than you did…

Ask an Advisor: My Advisor Wants Me to Put 50% of My Money in Annuities. Is That Too Much?

finance.yahoo.com My advisor is recommending putting over 50% of my portfolio in annuities. What say you? – Georgia As with most personal finance decisions, a lot hinges on the specific…

Jill On Money: Last minute tax tips

siliconvalley.com There are usually two types of people who wait until the bitter end before the April 15 tax deadline to file their returns: Those who owe money to the government and the…

The No. 1 mistake people in their 50s make with their money, according to a CFP

cnbc.com People in their 50s are often juggling a number of financial responsibilities, from paying for kids' tuition to caring for elderly parents — on top of saving for their…

I'm 67 Years Old, Have $2.5 Million in Cash, $500k in an IRA and Social Security. Should I Retire Now?

finance.yahoo.com With $2.5 million in cash, $500,000 in an IRA and average Social Security benefits, someone who’s 67 is likely in a pretty good spot for retirement. However, retiring…

Ask an Advisor: I'm 61 With $900k in My 401(k) and $800k Sitting in a Money Market Account. How Should I Invest?

finance.yahoo.com I have $800,000 sitting in a money market account because I don't know what else to do with it. My hope was that I could put it in something that can yield around 4-5%…

Ask an Advisor: What Should I Do With the Annuity I'm Inheriting? Take a Lump Sum, Roll it Over or Defer Payments?

finance.yahoo.com I recently learned that I am the beneficiary of an annuity in the amount of $54,845 from a friend. I was given choices on how to receive the money: lump sum, roll it over or…

Ask an Advisor: We're 65, Have $1 Million Saved and $42K in Social Security Benefits. Can We Live on $90K Per Year?

finance.yahoo.com My wife and I are both 65 years old. She will retire this year and I’ll work until I’m 67. We’ll get about $42,000 in Social Security and have about $1 million in savings.…

Costco keeps selling out of gold bars. Experts warn rush is more ‘mob mentality’ than sound investment decision

aol.com There's a modern-day gold rush taking place at Costco, with the big-box retailer reportedly selling up to $200 million worth of gold bars each month, according to a Wells…

Gray divorce is on the rise and it can have major financial implications

theweek.com Divorce at any age isn't easy, but when it occurs later in life, spousal separation can present some unique challenges, particularly financially. As the rate of gray divorce…

Canfor Schedules AGM and Joint Conference Call

tipranks.com Canfor Corp. (TSE:CFP) has released an update. Canfor Corporation has scheduled its Annual General Meeting for May 1, 2024, to be followed by a joi...

I'm 62 Years Old, Have $1 Million in Cash, $750k in an IRA and Social Security. Should I Retire Now?

finance.yahoo.com With retirement nearly within your grasp, a few years more of working may seem daunting. But before you make any final decisions, you must make sure you can retire securely.…

This is 'the first step to building wealth,' says financial planner

cnbc.com "Save three to six months' worth of expenses for emergencies." "Never put less than a 20% down payment on a house." "Make sure you have at least $1 million saved to retire."…

$1.46 million? $3 million? Financial experts say there’s no such thing as a single ‘magic’ retirement number

aol.com How much money does someone in the U.S. need to save for a comfortable retirement? $1 million? $1.5 million? $3 million to $5 million? The latest "magic" retirement number…

Canfor Revamps Alabama Operations for Growth

tipranks.com Canfor Corp. (TSE:CFP) has released an update. Canfor Corporation has announced strategic changes to its Alabama operations, involving the closure ...

LPL Financial Welcomes Somnio Wealth

benzinga.com SAN DIEGO, April 10, 2024 (GLOBE NEWSWIRE) -- announced today that financial advisors Greg Mullaney, CFP®, Colleen Kelly Abate, CFP® and Peter Pagano have joined LPL…

Set Up Schwab Automatic Investing In 5 Steps

247wallst.com Schwab’s automated investing platform is called Schwab Intelligent Portfolios. This robo-advisor service creates an investment portfolio based on your financial goals, risk…

What Biden's new student loan forgiveness plan means for your taxes

cnbc.com Student loan forgiveness is federally tax-free through 2025 — thanks to a provision from the American Rescue Plan of 2021. Biden wants to make that policy permanent,…

What financial planners wish you knew about Social Security

bostonherald.com The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or…

Ask an Advisor: I'm 77 and Still Working. Is it True That I Don't Have to Take RMDs?

finance.yahoo.com I’m 77 years old and I requested my 401(k) fund administrator to prepare my RMD. I was told I do not have to withdraw my money if I am still employed. Please confirm if this…

Jill On Money: What to do with your tax refund

siliconvalley.com Tens of millions of Americans have already received tax refunds – and millions more will cash checks before tax season is over. While recipients are usually happy that they…

Ask an Advisor: I Have $800k in a 401(k) and $5,270 in Monthly Income From Social Security and My Pension. How Much Will I Pay in Taxes in Retirement?

finance.yahoo.com My monthly Social Security is $3,178, my pension will be $2,090 per month and my 401(k) has $800,000. If I use the 4% rule, where do I stand tax-wise? This is a great…

#CFP News