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Posts by Arturo Conde:
Biden’s administration has authorized an American license to finance and invest in a private company in Cuba. This could be the first of its kind since the beginning of the U.S. embargo on the island-nation over six decades ago. While the investment is worth a maximum of $25,000, the owner of the license says that it has opened a pathway for other American investors. But could this be a turning point that leads to wider regulation and general licensing for all private business investments in Cuba? Here’s what you need to know. If you want to invest in Cuba, a financial advisor could help you create an investment plan for your needs and goals. Read more
Billions of dollars are moved annually from 401(k) plans to IRAs. And starting in July, the U.S. Department of Labor (DOL) will mandate that all financial advisors and brokers comply with a higher fiduciary standard for retirement plan rollovers. Under the new DOL rule, all financial institutions and investment professionals must explain in writing why they are recommending a rollover and how it serves the best interests of their clients. Let’s break down how this higher fiduciary standard will change retirement plan rollovers. If you’re looking for financial advice from a fiduciary, SmartAsset’s matching tool can connect you with up to three advisors who serve your area. Don’t miss out on news that could impact your finances. Get news and tips to make smarter financial decisions with SmartAsset’s semi-weekly email. It’s 100% free and you can unsubscribe at any time. Sign up today. Read more
T. Rowe Price has identified two types of retirees and launched a retirement tool to serve their financial needs. The global investment management firm divides retirees into two categories: savers and spenders. Let’s break down how they are defined, which actionable steps you can take to boost your savings and what you can do to spend your retirement money wisely. Whether you’re a saver or a spender, a financial advisor can help you align your savings and investments with your financial needs and goals. Read more
J.P. Morgan Asset Management wants you to rethink how you will pay for retirement. The multinational investment bank says retirement investors should secure enough guaranteed income from pensions,… Read more
Stable value funds post high yields with relatively low risk, and your retirement plan could already be invested in this asset class. MetLife says that more than eight in 10 defined contribution plan… Read more
Robo-advisors are poised to grow over $41 billion by 2027. And Zurich-based bank UBS is targeting tech-savvy investors with the acquisition of one of the top robo-advisors, Wealthfront. Financial… Read more
Retirees are sitting on a record level of home equity, with data showing that their housing wealth has grown $396.1 billion to $10.19 trillion in the third quarter of 2021. For some seniors, this… Read more
President Joe Biden signed the $1.2 trillion Infrastructure Investment and Jobs Act into law on Nov. 15. Over the next few years, states will get multi-billion dollar windfall investments in physical… Read more
House Democrats passed the $1.85 trillion Build Back Better Act on November 19. Now it will move to the Senate for another vote. This infrastructure and social spending legislation includes thousands… Read more
Hispanics and Latinos make up almost 19% of the U.S. population (or 62.1 million out of more than 332 million), according to the 2020 Census. And according to data from the National Association of… Read more
A financial advisor will tell you that there are many smart ways to make your money grow. But you need to find the right type of financial investment that best fits your goals. Let’s break down how… Read more
The $1.2 trillion Infrastructure Investment and Jobs Act was signed into law on November 15. This is the first part of President Joe Biden’s infrastructure plan, which combined with the $1.85… Read more
The U.S. Department of Education has canceled almost $3 billion in student loans since President Joe Biden entered office in January 2021. The department forgave another $55.6 million in July for 1… Read more
You can buy it online. You can get it at the ATM. And you can even snap it up in person. Cryptocurrency has dominated investing headlines in the first half of 2021. But with Bitcoin falling from over… Read more
President Joe Biden’s 2022 budget proposal raises the top income tax rate up to 39.6%. Taxpayers with an adjusted gross income over $1 million will also have to pay this rate on long-term capital… Read more
President Joe Biden’s capital gains tax plan could compel high-income investors to move money into tax-efficient investments. These include exchange-traded funds (ETFs) and other structured… Read more
President Joe Biden proposed doubling capital gains taxes for investors making over $1 million to fund his $1.8 trillion American Families Plan. This could compel some high-income investors to sell… Read more
President Joe Biden officially unveiled the American Families Plan before a joint-session of Congress on April 28. This is the second part of his Build Back Better initiative, which aims to boost the… Read more
The House passed the $1.85 trillion Build Back Better Act with a narrow vote of 220 to 213 on November 19, after Minority Leader Kevin McCarthy (R-CA) delayed its passage with an 8 1/2 hour marathon… Read more
Tax season began on January 24, and millions of Americans are eagerly expecting a tax refund. They might be in for a tidy sum: the IRS says that the average tax refund in 2022 is roughly $2,200. With… Read more
The IRS has already sent out more than 156 million third stimulus checks, worth approximately $372 billion. President Joe Biden’s American Rescue Plan pays individual taxpayers earning less than $80… Read more
Eight million Americans could still qualify for first and second rounds of stimulus checks and may have not yet received their money. President Joe Biden signed an executive order on January 22 that… Read more
President Joe Biden signed the American Rescue Plan into law on March 11. The plan includes a third stimulus check that pays up to $1,400 for individuals and $2,800 for couples. Single taxpayers… Read more
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