Are You Saving Enough For Retirement?
Saving for retirement is no easy task, but a new study says you don’t need to be a Powerball winner to put away enough cash for old age. According to the study by Fidelity Investments, 45 percent of those surveyed in 2015 were on track to cover essential expenses during their retirement, up from 38 percent in 2013. Although that’s still less than half the population, the percentage is heading in the right direction. One reason: People...
All-Day Breakfast Fuels McDonald’s
McDonald’s Corp., waging a comeback effort under Chief Executive Officer Steve Easterbrook, posted its best quarterly growth in almost four years after a move to serve breakfast all day helped fuel U.S. sales. Global same-store sales surged 5 percent in the fourth quarter, the Oak Brook, Ill.-based company said in a statement on Monday. Analysts had estimated 3.2 percent. Profit also topped predictions, raising optimism that...
Money Talk: Roth Gift Could Fund Down Payment
Question: My 29-year-old son recently married, and as a gift I pledged $20,000 as a down payment on a house. My daughter-in-law is beginning a career as a registered nurse and I know they will not be buying for a few years. Is there any type of account that will grow tax-free or tax-deferred for a first-time buyer? Maybe I could gift this money to them into a retirement account for the time being? Answer: You may be able to give them...
Obama Preps Final State Of the Union
Washington — President Obama will deliver his final State of the Union address on Tuesday night to a nation whose economy is far sturdier than it was when he took office in 2009. Yet as 2016 begins, the stout job market is accompanied by tepid economic growth and stubbornly flat wages. More broadly, two things are on the rise, to the president’s dismay: global temperatures and Americans’ concerns about terrorism. A snapshot of the...
Technologies That Can Change the World
To the average person, it may seem that the biggest technology advances of 2015 were the larger smartphone screens and small app updates. But a lot more happened than that. A broad range of technologies reached a tipping point, from cool science projects or objects of convenience for the rich, to inventions that will transform humanity. We haven’t seen anything of this magnitude since the invention of the printing press in the 1400s....
