Author: Money Mechanics

Key Takeaways According to Nuveen, 93% of workers want 401(k) plans to offer lifetime income options, but most don’t.Still, lifetime income can come from sources like Social Security, pensions, annuities, and thoughtfully planned withdrawal strategies using bonds, investments, or income-focused funds.A sustainable withdrawal strategy also involves thinking about spending needs and tax implications, as well as building a reliable income floor. You’ve spent decades building your nest egg, but how do you turn that lump sum into a paycheck that lasts? According to a 2025 Nuveen and TIAA Institute study, nearly all 401(k) participants (93%) say they want retirement plans…

KEY TAKEAWAYS Meta Platforms is reportedly hiring another senior AI executive from Apple for its Meta Superintelligence Labs, where it is moving to freeze headcount.According to Bloomberg, citing people familiar with the matter, the Facebook parent is hiring Frank Chu, who has led Apple AI teams focused on cloud infrastructure, training, and search.Chu is at least the sixth Apple employee working on AI models to defect to Meta, the report said. Meta Platforms (META) is reportedly hiring another senior AI executive from Apple (AAPL) for its Meta Superintelligence Labs division, where it is moving to freeze headcount. According to Bloomberg,…

Key Takeaways Zoom Communications reported second-quarter results that topped estimates as the video conferencing software provider rode the artificial intelligence wave.The company increased the number of customers spending more than $100,000 on Zoom.Zoom raised its full-year profit and sales forecasts. Shares of Zoom Communications (ZM) zoomed more than 8% higher Friday, a day after the provider of video conferencing software posted better-than-expected results and raised its outlook as it benefited from the boom in artificial intelligence. The company reported fiscal 2026 second-quarter adjusted earnings per share of $1.53 on revenue that rose nearly 5% year-over-year to $1.22 billion. Analysts surveyed…

Australia’s public markets have long been regarded as the gold standard for transparent capital raising and efficient price discovery. Underpinned by a robust regulatory framework and supported by world-class financial infrastructure, these markets have served investors and issuers alike with integrity and resilience. Yet, as global capital flows become increasingly mobile and innovation accelerates across financial markets, Australia must evolve to remain competitive.Cboe Australia has submitted a case to the Australian Securities and Investments Commission (ASIC) for regulatory reforms that would enhance competition, resilience and innovation in Australia’s public markets for the benefit of Australia’s investors and its community. These…

Key Takeaways Many Americans said in a new survey that they think moving could improve their lives, but others who said they had moved didn’t make them happier.Nearly all of those surveyed said there was at least one factor holding them back from moving to a more desirable location.Data has shown that moving has become expensive, and more young adults are holding back on moving away from their parents and other milestones. A majority of Americans said in a recent survey that they could be convinced to move to another state or even country, and that they think moving could…

Shares of BJ’s Wholesale Club Holdings (BJ) sank 8% Friday after the member-only warehouse retailer’s second-quarter comparable club sales unexpectedly slipped. The Marlborough, Mass.-based company reported adjusted earnings per share of $1.14 on revenue that increased 3.4% year-over-year to $5.38 billion. Analysts surveyed by Visible Alpha had expected $1.09 and $5.49 billion. BJ’s comparable club sales decreased by 0.3% “due to declining retail prices of fuel,” it said. Analysts had expected comparable club sales to rise about 2.4%. Excluding the impact of gasoline, comparable club sales increased by 2.3%, also below consensus projections. Member count grew to a record 8…

Tom Rairdon, 75, began trading meme stocks after he retired early.Courtesy of Tom Rairdon Tom Rairdon, 75, began trading meme stocks to combat boredom in retirement. He ended up nearly doubling his portfolio in three years by trading high-volatility stocks. He told Business Insider his strategy for passing the time while earning “Vegas money” on the side. Nobody told Tom Rairdon how dull retirement would be. After working in the radio industry for more than three decades, the 75-year-old officially left the workforce more than two decades ago, flush with savings and ready to enjoy the “country club life,” he…

Happy Canada Day! I do not have a lot of time to look at new topics, but I saw an article about the Treasury curve that triggered a desire to drop a comment.The above figure shows the slopes at the front end of the Treasury yield curve. Specifically, the black line shows the 2-year yield less the 3-month bill rate, and the red shows the 2-/10-year slope. The current situation is somewhat unusual in that the 3-month/2-year slope is mildly inverted, while the 2-/10-year slope is mildly positive. The interpretation of this is straightforward: the discounted path of forward rates…

Mariner Finance is a personal loan provider catering to borrowers with varying credit scores—including those with less-than-perfect credit. With hundreds of branch locations across the U.S., Mariner stands out for its in-person service and willingness to work with borrowers who might not qualify with traditional banks. 💡 Struggling With Debt Already? Before taking on a high-interest loan, consider if debt relief might be a better option. New Era Debt Relief helps people settle credit card and unsecured debt for less than they owe—without taking out another loan. Get Debt Relief Now Key Features of Mariner Finance Loan Amounts: $1,000 to…

You probably know how valuable it is to save for retirement—funding a 401(k) is a popular option. But what can you do if you’re self-employed or your employer doesn’t offer one? Fortunately, you can still open a retirement account as an individual. We’ll walk you through some of the best options, such as traditional IRAs, Roth IRAs, SEP IRAs, self-employed 401(k)s, and defined benefit plans. Plus, we’ll list the contribution limits for each type of account. Key Takeaways If you’re self-employed or your employer doesn’t offer a 401(k), you can fund a personal retirement account such as a Roth IRA,…