Author: Money Mechanics

(Image credit: Getty Images)Roth IRAs are a valuable tool for savers, but they remain underused. As of 2024, only 26% of U.S. households owned one.However, among those households, 65% said they have a defined strategy for managing income and assets in retirement.That suggests those who embrace Roth strategies often do so within a broader, disciplined plan. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues CLICK FOR FREE ISSUE Sign up for Kiplinger’s Free Newsletters Profit and prosper with the best of expert…

KEY TAKEAWAYS Student loan borrowers who qualified for loan forgiveness in 2025 will not have to pay taxes on their discharged loans.Borrowers must have made a certain number of payments and be on an eligible repayment plan to have their loans dismissed. While the Department of Education has resumed student loan forgiveness, you may still need to complete a few tasks to ensure your loan is dismissed without having to pay federal taxes. The Department of Education resumed granting student loan forgiveness on most income-driven repayment plans earlier this month. However, there is no confirmed date for when qualifying borrowers…

Jim Spellman/WireImage Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. Michael Burry’s moves tend to make headlines. The hedge fund manager famously bet against the U.S. housing market in 2008 and won big — a move depicted in the hit movie “The Big Short.” And in 2024, his investments were making headlines again. According to a filing with the Securities and Exchange Commission, Burry’s company Scion Asset Management made quite a few adjustments to its portfolio in Q1 of 2024. Among Burry’s notable moves were selling his stakes in Amazon and Alphabet…

As the Federal Open Market Committee (FOMC) convenes its final meeting of a tumultuous 2025, all eyes are on Wednesday’s anticipated . With the U.S. economy grappling with a softening labor market, tariff-induced inflation pressures, and delayed government data from a recent shutdown, the Fed faces a delicate balancing act. Source: Investing.com Along with the anticipated rate cut, the Fed’s policy update will include freshly minted dot-plot projections, which will provide insights into the committee’s expectations for interest rates, , and through 2026. Any significant shifts in these projections could lead to recalibrations in market expectations for future monetary policy…

The Fed’s December interest-rate cut won’t move mortgage rates because markets have already priced it in.  The Fed cut interest rates in its latest meeting, as expected. The Fed committee was divided on how to proceed. Takeaway: Mortgage rates will remain largely unchanged in the near term with today’s Fed meeting proceeding as forecasted. They cut their policy rate by 25 bps, which was priced in beforehand. The committee was sharply divided, as expected. The committee’s projections and Chair Jerome Powell’s remarks indicate that this will be the last interest-cut for a while. As expected, a sharply divided Fed voted…

Spinny, an Indian online marketplace for used cars, is raising around $160 million as it moves to acquire car services startup GoMechanic, TechCrunch has learned. The Series G round, which includes a mix of primary and secondary transactions, would value the 10-year-old startup at about $1.8 billion post-money, three people familiar with the matter said, broadly in line with its previous valuation. Nearly $90 million of the round is primary, people said; Existing investor Accel has already wired about $44 million of that amount, with some details of the investment appearing in regulatory filings in India this week, which Indian…

(BOE Report) – Oil prices rose on Friday supported by concerns of Venezuelan supply disruptions, though they remained on track for a weekly drop amid cautious market sentiment and optimism over the prospects for a Russia-Ukraine peace deal. Brent crude futures rose 43 cents, or 0.70%, to $61.71 a barrel by 0352 GMT, and U.S. West Texas Intermediate crude was at $58.03 a barrel, up 43 cents, or 0.75%. Both benchmarks fell about 1.5% on Thursday. The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on…

remains firmly in bullish territory. Momentum is strong, structure is intact, and the price continues to respect higher levels despite short-term overbought readings. This is a market that’s not asking if – it’s asking from where.  H4 Update – Scenario Delivered  In our Lab Note #34, we wrote:  “The first thing that catches the eye on the above chart is a breakout above the pink rising channel, which confirms bullish continuation. Therefore, if the move continues, the next stop could be around 6338-6340.”  Yesterday, bulls didn’t just reach that zone – they pushed straight through it, opening the door to higher…

A home is shown for sale in The Heights in Houston, Monday, Oct. 27, 2025.Kirk Sides | Houston Chronicle | Getty ImagesHome prices have finally come down compared with last year, though just fractionally, according to daily reads from Parcl Labs, which looks at high-frequency listing data on single-family homes, condos and townhomes, both new and existing. They may stay softer, though, as home prices are down 1.4% in just the last three months.On a national level, home prices have not gone negative since mid-2023, a year after the Federal Reserve first brought rates up from zero, and mortgage rates…

Dividend stocks can be an excellent way for investors to earn income from their investment portfolios. Companies that consistently pay tend to have sound business models and strong fundamentals. Those that consistently raise dividends outperform those that don’t, with less volatility. 10 stocks we like better than Realty Income › Investing in the stock market is a great way to build lasting wealth. It can also be an excellent way to let your money work for you by investing in dividend stocks. These are stocks in companies that pay shareholders, usually on a quarterly basis, a share of their profits.…