As such, we are excited about the abundant promises of SECURE 2.0, a major piece of legislation passed in 2022 and rolling out over the next several years with the goal to boost Americans’ retirement savings. As we look ahead to 2025, we have our eye on a specific provision that will come online to…
Generation Beta: Redefining Life, Longevity, and Retirement video. First-of-its-kind report reveals what the future may hold for Generation Beta, and the “Beta Baby Bonus” offered today inspires early financial action NEWARK, N.J., January 01, 2025–(BUSINESS WIRE)–Today Prudential Financial, Inc. (NYSE: PRU) joins the world in welcoming Generation Beta (people born Jan. 1, 2025, to Dec….
©Shutterstock.com Using retirement savings to fund your kid’s college education is a decision fraught with long-term consequences. “retirement accounts are designed to provide financial security in your later years,” said Kevin Shahnazari, founder and CEO of FinlyWealth. He explained that withdrawing from retirement accounts for educational expenses jeopardizes that security. “Unlike student loans, which can be…
This article was written by Follow The Valkyrie Trading Society is a team of analysts sharing high conviction and obscure developed market ideas that are downside limited and likely to generate non-correlated and outsized returns in the context of the current economic environment and forces. They are long-only investors. They lead the investing group The…
It’s happening again. You’ve been staring at your screen for what feels like forever, convinced the bug in your code is playing hide and seek. You’ve tried every trick in the book, and you’re about to chuck your laptop across the room in pure rage because it’s still there. Before you do, you can borrow…
‘It’s A Lot, But Worth It’: Suze Orman On How Pre-Retirees Can Max Out Their 401(k) Savings Due To New Contribution Rules Personal finance expert Suze Orman urges pre-retirees to take advantage of significant new opportunities to boost their 401(k) savings. Updated contribution rules will take effect in 2025, allowing workers aged 60 to 63…
(Reuters) — Hawaiian Electric Industries (HEI) said on Tuesday it had closed the deal to sell a 90.1% stake in its unit American Savings Bank (ASB), helping the company raise funds for the deadly 2023 Maui wildfire settlement. The deal values the bank at $450 million, with the investors purchasing 90.1% of ASB common stock…
In a major development in Hawaii’s financial and energy sectors, Hawaiian Electric Industries (HEI) has finalized the sale of a substantial majority stake in American Savings Bank (ASB). This move, completed on December 31, 2024, marks a significant shift in the ownership structure of one of Hawaii’s largest financial institutions. Details of the Sale HEI…
As tax season officially kicks off, the saver’s credit is something that everyone who put away money for retirement last year should know about. Tax credits are one of the biggest ways in which federal and state governments are able to ease the financial strains put on taxpayers. One of the most well-known of these…
Hawaiian Electric Industries Inc. has sold over 90% of its subsidiary American Savings Bank to independent investors in a transaction that will provide HEI with much-needed funds to help pay its share of the $4 billion Maui wildfire lawsuit settlement while also keeping Hawaii’s third-largest bank under local leadership. The deal, which closed Tuesday, values…
