Month

I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable?

I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable?

Is your financial planner charging you too much? Getty Images/iStockphoto Question: I am currently a customer with a large bank and have about $950,000 invested in the markets through them. I am being charged over $1,100.00 per month for management fees. Is this a reasonable amount? Answer:  Paying $1,100 in monthly fees on a managed …

I have $950,000 invested with a large financial firm, but they are charging me $1,100 a month in management fees. Is this reasonable? Read More »

‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help?

‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help?

Do you need a financial adviser? Getty Images/iStockphoto Question: I’m trying to determine if seeking a financial advisor is warranted for a 66-year-old senior whose only savings is in a 401(k) and currently shrinking weekly. My husband is a retired teacher so we do have his pension, but he didn’t pay into Social Security for …

‘I want to stem the shrink.’ I’m 66 and my Social Security check is only going to be about $1,000 a month. My only savings is in a 401(k) that is ‘currently shrinking weekly.’ Should I get professional help? Read More »

Fed's Waller sees 'significant' rate hike this month, backs data-dependent approach

Fed’s Waller sees ‘significant’ rate hike this month, backs data-dependent approach

Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big interest rate increase later this month. He also said policymakers should stop trying to guess the future and instead stick to what the data is saying. “Looking ahead to our next meeting, I support another significant increase …

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Market bracing for another three-quarter point hike from the Fed this month

Market bracing for another three-quarter point hike from the Fed this month

Federal Reserve Board Chairman Jerome Powell speaks during a news conference in Washington, DC, on July 27, 2022. Mandel Ngan | AFP | Getty Images Traders are now seeing a near certainty that the Federal Reserve enacts its third consecutive 0.75 percentage point interest rate increase when it meets later this month. The probability of …

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SmartDry’s useful laundry sensor to be cloud-bricked next month

SmartDry’s useful laundry sensor to be cloud-bricked next month

Enlarge / The SmartDry laundry sensor was widely regarded as a useful smart home gadget that saved money and time. When its owners’ servers go dark at the end of September, users face a useless device or a notable DIY journey. Getty Images SmartDry was a smart home product that did something useful: tell you …

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Warner Bros. Games’ MultiVersus surpasses 20M players in a month

Warner Bros. Games’ MultiVersus surpasses 20M players in a month

Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today. Warner Bros. Games announced today that MultiVersus, the free-to-play platform fighter, has now surpassed over 20 million players since the open beta started on July 26. The milestone …

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This couple made $13,000 in passive income in just over a month: 'We only work 1 hour per week'

This couple made $13,000 in passive income in just over a month: ‘We only work 1 hour per week’

Last September, wedding photographers Adriana Krause and Stephan Alvin did something unusual. They bought a second home during a global pandemic. The home, a cabin in Oakhurst, California, is their business’s headquarters, located near Yosemite National Park where they shoot small ceremonies. When they’re not in California, they’re in Rio de Janeiro, where they purchased …

This couple made $13,000 in passive income in just over a month: ‘We only work 1 hour per week’ Read More »

5 things to know before the stock market opens Thursday

The summer rally has been very bullish, but strategists say a big sell-off next month is possible

Stocks’ summer rally may mean the worst of the bear market is over, but even so, strategists who watch charts say another big downdraft is possible in September. Some strategists, in fact, say from a technical standpoint the market could have already launched into a new bull cycle. Others disagree, saying they need more confirmation …

The summer rally has been very bullish, but strategists say a big sell-off next month is possible Read More »

Inflation costing the average American $717 a month, analysis shows

Inflation costing the average American $717 a month, analysis shows

Financial Services Committee member French Hill discusses how American families are struggling despite a slight ease in inflation in July on ‘Fox Business Tonight.’ The average American is shelling out an extra $717 a month because of the hottest inflation in decades, according to a new analysis from the Joint Economic Committee Republicans. The financial …

Inflation costing the average American $717 a month, analysis shows Read More »