The Currency - Money

Spousal IRA: What it is and how it works

A spousal IRA can be an excellent way for stay-at-home parents, homemakers, and other spouses without their own income to prepare for retirement without having to rely solely on their spouse’s retirement accounts.

money

Capital markets perspective: Winning back-to-back-to-back

A three-peat is a rare accomplishment for markets. As we start 2025, we’re watching a legitimate set-up for another potential three-peat congeal.

money

Millennials’ wealth grew 13% in 2024

Younger generations made significant wealth gains in 2024. Gen Z and Millennial wealth grew by a combined 17.33% in 2024, compared to 4.62% for older generations (Gen X and Baby Boomers), according to data from Empower Personal Dashboard^TM.

money

Gen Z’s passion for plastic: Strategies for dealing with credit card debt

As Gen Z enters the workforce and gains financial independence, their use of credit cards is on the rise. According to recent surveys, 84% of Gen Z has at least one credit card. That could have major consequences on their long-term finances.

money

Guide to employee equity compensation

Here’s the main benefit of receiving employee equity compensation: It has the potential to bolster your long-term financial goals. Learn more about how it works.

money

What are short-term capital gains taxes?

Short-term capital gains tend to be when you owned an asset for a year or less before selling it for a profit. Short-term gains may be taxed at a higher rate than long-term ones.

money

Capital Markets Perspective: Don’t blame Santa

Santa Claus may not have arrived to rally and instead, U.S. consumers and the economy may be responsible for the coal in socks this year.

money

Overdraft fees overhauled: What the new rules mean for consumers and banks

Overdraft fees are getting a much-needed update with new regulations from the Consumer Financial Protection Bureau to make these fees more manageable.

money

Wash-sale rule: A key consideration in tax-loss harvesting

Within tax-loss harvesting, the wash-sale rule prohibits you from writing off an investment loss, which could make your taxes higher than hoped. Learn how to identify and avoid wash sales.

money

Capital markets perspective: Watch your knees

Vivid metaphors from the latest Federal Reserve press conference tee up the week.

work

Earned wage products gain popularity among employers and workers

The popularity of earned wage products offered by companies is surging amid growing expectations among younger workers that pay should be more immediate.

money

Gift tax: What is it and how does it work?

Gift taxes are levied when a person gives away more than the annual per-recipient limit. Learn more about the exclusions, tax rates, and how to avoid gift taxes.