SECURE 2.0 eliminates pretax 401(k) catch-up deductions for earners over $150,000, pushing tax-efficient HSAs to the forefront. SECURE 2.0 mandates Roth-only 401(k) catch-up contributions for workers earning over $150,000, removing up to $2,700 in annual federal tax deduct
Yen intervention risk remains The yen has pulled back from a 40-year low, but underlying pressures remain. The combination of a weak currency, rising import costs, and high JGB yields keeps intervention risk on the table. Japan's finance ministry is in clos
Beijing aims to ease European business concerns over market access and regulatory uncertainty before a key China-EU summit. Chinese Foreign Minister Wang Yi met with Investor AB Chairman Jacob Wallenberg in Stockholm, signaling Beijing’s push to attract European capital am
Tehran offers preferential terms to Beijing on new Strait of Hormuz service fees, risking Western backlash as transit rules expire. Iran plans to introduce nationality-based fee structures for vessels transiting the Strait of Hormuz, granting China and other allied nations
Majority of economists expect the Reserve Bank of New Zealand to raise rates for the first time in over three years amid persistent inflation. The Reserve Bank of New Zealand is set to increase its official cash rate by 25 basis points to 2.50% on July 8, marking its first
Monday morning market liquidity is very thin Market liquidity is very thin on Monday morning as Asian centers come online. Retail sales have surged with discounts of up to 65% on electronics and home goods. Micron eyes $2000 as Nvidia CEO signals strong demand, w
Heatwaves sweep Europe, causing over 1,300 deaths A recent study confirms that climate change is to blame for the high temperatures. The heatwaves have affected many countries, particularly those in Northern Europe that are not used to such extreme heat. Th
The US holds 8,133 tonnes of gold, underscoring its monetary strength amid a 99% dollar devaluation against gold over a century. The United States maintains 8,133 tonnes of gold in its reserves, a figure highlighted as a cornerstone of monetary leadership. Since 1913, the
The typical 60-year-old holds $246,500 in their 401(k), well below Fidelity’s recommended 8x salary target for retirement savings. The average 401(k) balance for Americans aged 60 to 64 stands at $246,500, according to recent data, significantly below Fidelity’s guideline
EU moves to block retail investors from explosive boom of multibillion-dollar prediction markets The region's regulators emphasized that a product's actual function as a derivative matters more than its commercial name or labeling when assessing compliance. - ESMA warns that...</
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