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IRS Finalizes 10-Year Rule For Retirement Withdrawals, Making Things 'Even More Insanely Complicated'
2024 Jul 21, 10:00am | 418The Internal Revenue Service and Treasury Department have released final regulations updating required minimum distribution (RMD) rules for beneficiaries under the 10-year rule. These regulations, stemming from the SECURE and SECURE 2.0 Acts, confirm that most IRA beneficiaries must take...
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Younger Investors Pick Financial Advisors Based On Marketing, Not Referrals: Survey
2024 Jul 14, 10:00am | 383A recent survey by Ficomm Partners reveals a significant shift in how younger investors choose financial advisors, moving away from traditional referrals towards digital marketing. This trend suggests a transformative change in advisor acquisition strategies in the coming years. The survey, which...
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Gen Z Will Have To Wait As Gen X Set To Inherit Trillions From Silent Generation
2024 Jul 07, 10:11am | 433A new report from consumer research firm Hearts & Wallets reveals that Generation X stands to inherit trillions of dollars from the Silent Generation over the next 10 years, presenting significant opportunities and challenges for financial advisors. Currently, the 65-74 age group holds the...
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Gen Z, Millennial High-Net-Worth Investors Abandon Traditional Investments
2024 Jun 30, 10:03am | 401The 2024 Bank of America Private Bank Study of Wealthy Americans reveals that Generation Z and Millennial investors are increasingly turning to alternative investments, moving away from traditional stocks and bonds. The study, which surveyed 1,007 U.S. high-net-worth individuals with at least $3...
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Generation X Unprepared For Retirement: $250,000 Median Savings Won't Last 20 Years
2024 Jun 23, 12:30pm | 452A recent survey by Natixis Investment Managers highlights the unique challenges Generation X faces as they approach retirement. The study, which included 2,928 Gen X respondents from a global pool of 8,550 individual investors, uncovers a significant gap between expectations and reality, according...
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Retirement Income Solutions Gain Traction: 90% Of Clients Seeking Options, Study Finds
2024 Jun 21, 4:23pm | 511PIMCO’s 2024 Defined Contribution (DC) Consulting Study has uncovered a significant trend: nearly 90% of institutional clients are demanding retirement income solutions for their participants. This marks a 21% increase from 2023, highlighting the growing importance of post-retirement...
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Best Momentum Stocks to Buy for June 20th
2024 Jun 20, 4:04pm | 546Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, June 20: SPAR Group, Inc. (NASDAQ: SGRP): This merchandising and brand marketing services provider has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings...
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New Strong Buy Stocks for June 11th
2024 Jun 11, 1:05pm | 573Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Harte Hanks (NASDAQ: HHS): This data-driven, omnichannel marketing company which offers customer data landscape as well as the executional know-how in database build and management, data analytics, data-driven creativity,...
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Cannabis REIT IIPR Buys Florida Property For $43M With Reconstruction Reimbursement, Expands Lease With Ayr Wellness
2024 Jun 10, 9:54am | 632Cannabis REIT Innovative Industrial Properties, Inc. (NYSE:IIPR) confirmed Monday it has closed on the acquisition of a 16-acre property comprising 145,000 square feet of industrial space in Ocala, Florida. Under the deal, it has entered into a long-term, triple-net lease with a subsidiary of...
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Younger Generations Are Accelerating The Demise Of Mutual Funds
2024 Jun 09, 12:00pm | 358A recent study by Broadridge Financial Solutions shows the decades-long shift away from mutual funds continues across both retail and institutional investors, according to planadviser – with clear implications for how advisors can align their services to better meet client needs. Broadridge...
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3 Pieces Of Financial Wisdom From Taylor Swift's Billion-Dollar Journey
2024 Jun 03, 6:40am | 707By the time Forbes released their billionaire list this April, the world and its uncle knew that Taylor Swift was going to be its most talked-about new entrant. Swift, the first artist to reach this milestone solely through songwriting and performing, is a shining example for young people looking...
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4 Under $20 Stocks to Bet on as Inflation Subsides
2024 May 21, 1:22pm | 844Warren Buffett once said, "You pay a very high price in the stock market for a cheery consensus." Yet, the higher the price one pays for a stock, the lower the return one can expect. Successful investing is about buying stocks cheap and then have others agree with you. True to form,...
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Is CleanSpark a Buy as Wall Street Analysts Look Optimistic?
2024 May 14, 2:52pm | 827When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these...
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How Brokers Can Prepare for the Impending Market Turn
2024 May 14, 2:35pm | 584The freight recession has officially dragged on longer than the COVID boom, and brokers are feeling the pinch of chronically suppressed margins. While it is tempting to forgo tech upgrades during a downturn in an attempt to save money, this approach will leave brokers at an even greater...
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4 Sector ETFs & Stocks Likely to Benefit Despite Soft Jobs Data
2024 May 07, 1:02pm | 645The U.S. economy added 175,000 jobs in April, well below Wall Street expectations of 240,000, strengthening bets that the Federal Reserve will be able to cut interest rates in the coming months. Health care and social assistance led the way with a gain of 87,000 jobs. The unemployment rate ticked...