If all sides are declaring victory in the California Supreme Court’s pension ruling on Monday, it’s because the decision had a little something for all the combatants in the state’s pension wars.
Major stock indexes have given up much of their year-to-date gains after the past several days of selling. The year is days away from being half over, and the Standard & Poor’s 500 Index is up a few percentage points, while the Dow Jones Industrial Average is little changed for 2018.
As it stands today, roughly 12 million Baby Boomers own some type of small business, the combined value of which is roughly equal to $10 trillion. This comes at a time when the oldest of them have just crossed into their seventies.
Ten years ago Monday, a pair of Bear Stearns hedge funds that had gorged on subprime mortgage securities filed for bankruptcy, becoming the canaries in the coal mine for the global financial system that collapsed 15 months later.
Some call it altruistic investing. Others use adjectives like responsible, sustainable or social impact. The concept is to strategically choose where to invest so that you can have a positive effect while still making a profit.
Alan Brill has scoured computers for intelligence left by Iraqi forces retreating from Kuwait. He has probed a bank in Bosnia suspected of funding ethnically targeted mass murder. He has investigated the work of hackers who got inside the 2008 presidential campaign networks of Barack Obama and John McCain.
What’s on his radar now? Your kids.
How tech-savvy are you? Recent volatility in popular technology stocks, including Apple, Microsoft, Facebook, Google parent Alphabet and others, is a reminder to check the tech weighting in your retirement portfolio.
After almost a decade, Americans may finally be turning the corner on saving money. More than 30 percent of them say they have enough tucked away to cover six months’ worth of expenses — a seven-year high for this measure of financial calamity preparedness, a financial planning favorite.
With graduation gifts, it’s the thought that counts. The cash is nice, too.
Californians are very generous. They donate about 2 percent of their income to charity, which amounted to more than $26 billion in 2013, according to the Urban Institute’s analysis of data from the National Center for Charitable Statistics. If you plan to support your favorite causes this year, consider these simple, tax-smart strategies that help your charitable dollars have more impact.