Latest Personal investing News

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: Who should consider a Roth conversion now?

Jan. 20, 2020 9:00 AM EST

If you’ve saved a lot for retirement, or your parents have, you could be affected by recent changes in the rules about retirement distributions. The recently enacted Secure Act eliminated the “stretch IRA,” a strategy used by affluent investors to pass tax-advantaged money to their heirs. The...

FILE - In this Jan. 10, 2020, file photo specialist Meric Greenbaum, center, works at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Jan. 16. (AP Photo/Richard Drew, File)

Global stocks inspired by US rally, hopes for Chinese growth

Jan. 17, 2020 7:54 AM EST

Global stocks rose Friday, seemingly buoyed by high spirits on Wall Street, as new data suggested China's economic slowdown may have stabilized and Washington and Beijing signed a trade deal. European indexes were broadly higher, while markets in Shanghai, Tokyo and Hong Kong closed with gains, after the U.S.'s...

FILE - In this July 11, 2012, file photo, John Arensmeyer, CEO of the advocacy group Small Business Majority, poses for a portrait at the Small Business Majority office in Washington. The Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, won final congressional approval in the Senate last month and was signed into law by President Donald Trump. One of the bill's features makes it easier for small businesses to band together to offer 401(k) and other retirement plans.“ Most small businesses simply don’t have the funds or staff to offer and manage retirement plans,” said Arensmeyer. (AP Photo/Jacquelyn Martin, File)

New law may encourage businesses to offer retirement plans

Jan. 6, 2020 3:25 PM EST

NEW YORK (AP) — A new law expanding retirement plan options for small businesses may encourage more companies to offer the benefits to their workers. The Setting Every Community Up for Retirement Enhancement Act, known as the SECURE Act, won final congressional approval in the Senate last month and was...

Vanguard cuts commisions to zero for online stock trading

Jan. 2, 2020 2:19 PM EST

LOS ANGELES (AP) — Vanguard says it will no longer charge commissions on online trading of stocks and options. The move, which the company announced Thursday, is effective immediately for Vanguard Brokerage clients. The industry giant has been offering commission-free trading of Vanguard exchange-traded...

FILE - In this Sept. 18, 2019, file photo, stock prices are displayed at the New York Stock Exchange. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. (AP Photo/Mark Lennihan, File)

Investors could be partying like it's 1997, but many sat out

Jan. 2, 2020 1:01 PM EST

NEW YORK (AP) — Break out the Spice Girls CDs. That was one of the best years in decades for funds. Funds of all types made money through 2019, from risky ones full of stocks from developing economies to stodgy funds holding only super-safe Treasury bonds. Someone who came into 2019 with their money split...

FILE - In this Dec. 11, 2019, file photo specialists Anthony Rinaldi, James Denaro and Gregg Maloney, left to right, work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Dec. 27. (AP Photo/Richard Drew, File)

US stocks nearly flat; S&P 500 notches 5th weekly gain

Dec. 27, 2019 5:08 PM EST

Major U.S. stock indexes ended essentially flat Friday after a day of mostly listless trading. Even so, the S&P 500 closed out the week with its fifth straight weekly gain. The benchmark index squeaked out a tiny gain that was good enough for its 35th record high this year. The Dow Jones Industrial Average...

FILE - In this Nov. 14, 2019, file photo a pair of specialists work on the floor of the New York Stock Exchange. Investments around the world were all winners in 2019 as central banks unleashed more stimulus to bolster the global economy against the damage created by President Donald Trump’s trade war. (AP Photo/Richard Drew, File)

Markets in 2019: record stocks, lower rates, so-so IPOs

Dec. 26, 2019 4:59 PM EST

NEW YORK (AP) — On January 3, the S&P 500 sank 2.5% when Apple warned of sagging demand for the iPhone, an inauspicious start to 2019 following a 14% drubbing in last year's fourth quarter. On January 4, Federal Reserve Chairman Jay Powell said the central bank would be "patient" with its interest rate...

FILE - This April 2017, file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. Uncovering an online lender’s true intentions is sometimes as simple as checking their website for a few key giveaways. Knowing how to spot a predatory loan can keep you from slipping into a debt trap. (NerdWallet via AP, File)

Liz Weston: How to create a retirement 'paycheck'

Dec. 23, 2019 1:20 PM EST

Your expenses don't end when your paychecks do, but creating a reliable income stream in retirement can be tricky. The right choices can result in sustainable income for the rest of your life. The wrong choices could leave you uncomfortably short of cash. In fact, retirement includes so many important,...

In this Monday, Dec. 16, 2019 photo, protesters stand on top of cement blocks separating them from Riot police at the commercial and historic al-Rasheed street, in the center of Baghdad, Iraq.  With Iraq's leaderless uprising now in its third month, the protracted street hostilities, internet outages, blocked roads and a general atmosphere of unease are posing risks to Iraq's economy. In particular, the unrest has set back the most fragile segment of the country's economy, the private sector, where business owners have faced losses from damage to merchandise and disruptions of markets and from consumers reeling in their spending out of fear for the future. (AP Photo/Nasser Nasser)

Iraq protests take toll on economy, vulnerable suffer most

Dec. 20, 2019 2:16 AM EST

BAGHDAD (AP) — With wisps of smoke still rising from the remnants of another night of violence, the workers came in the morning to salvage what merchandise they could from the torched warehouses in Baghdad's central commercial district. Boxes upon boxes of clothes, cosmetics and household goods stored by...

Insurance salesman accused of preying on seniors for profit

Dec. 18, 2019 5:08 PM EST

BOSTON (AP) — Massachusetts authorities say an insurance salesman illegally made millions of dollars by persuading seniors to withdraw from their savings so they could buy insurance policies through his company. Ryan Skinner has been charged with acting as an unregistered investment adviser, according to a...