Fidelity to open commission-free crypto trading to retail investors

A sign marks a Fidelity Investments office in Boston, Massachusetts, April 28, 2022. Brian Snyder | Reuters Fidelity Investments is launching a commission-free crypto trading product for retail investors. The firm, one of the largest brokerages in the world handling $9.9 trillion in assets, opened an early-access waitlist to users Thursday morning. The service, called…

Op-ed: Don’t reject the 60/40 portfolio. Embrace it

Jayk7 | Moment | Getty Images As we head into the fourth quarter, investors lack much to be excited about. Through Sept. 30, the S&P 500 Total Return Index declined by 23.87%, almost ensuring equity investors won’t enjoy anything close to the 31.4%, 18.4% and 28.7% returns the index delivered in 2019, 2020, and 2021,…

As Election Day approaches, Democrats warn that Social Security and Medicare are at stake

Voters turn out to cast their ballots as early voting begins on Oct. 17, 2022 in Atlanta. Early voting in Georgia runs through Nov. 4. Megan Varner | Getty Images The Nov. 8 midterm elections will give voters an opportunity to decide which parties control the Senate and the House of Representatives. In recent days,…

Families can get Pell Grants of up to $6,895 to help with college costs. Here’s what you need to know

Ijeab | Istock | Getty Images Pell Grants have been in the news a great deal after President Joe Biden announced his sweeping student loan forgiveness plan. The president’s policy, unveiled in August, offers up to $10,000 in loan cancellation for tens of millions of Americans who borrowed for their education. And it goes further…

Here’s how to adjust your portfolio as the Fed hikes interest rates again

Martin Barraud | Caiaimage | Getty Images After another 0.75 percentage interest rate hike from the Federal Reserve, financial experts have tips for investors amid volatility in the stock and bond markets.   Continuing to fight inflation, the central bank on Wednesday announced its fourth consecutive three-quarters of a percentage point interest rate increase.  The…

Before dropping a Medicare Advantage plan altogether during open enrollment, compare these key costs

FatCamera | E+ | Getty Images For some Medicare beneficiaries, an Advantage Plan ends up not being a good fit. If you’re in this situation and are thinking about dropping your plan to return to basic Medicare — Part A (hospital coverage) and Part B (outpatient services) — there are some things to consider before…

Fidelity is the latest employer to offer free college education to workers

Despite growing economic uncertainty, employers are still waging a war for talent, and employees are coming out ahead. Now, more businesses are expanding their benefit offerings with free college programs to attract and retain workers. Most recently, Fidelity Investments said it will offer fully funded undergraduate degrees to 18,000 employees, including entry-level customer service phone representatives….

26 million borrowers have applied for student loan forgiveness. But GOP challenges put plan at risk

SKLA | iStock | Getty Images Close to 26 million Americans have applied for student loan forgiveness, and the Biden administration has already approved 16 million of the requests, the White House said Thursday. Yet its entire loan cancellation plan could be in jeopardy due to the legal challenges brought by Republicans, it warned. “If…

Interest rate hikes have made financing a car pricier — especially if you have bad credit. How much you could pay

Tim Boyle | Bloomberg | Getty Images Although prices for new cars are moderating a bit, financing a vehicle purchase hasn’t been getting any cheaper. With the Federal Reserve’s latest interest rate hike — the sixth this year — auto loans are poised to become even more expensive. The Fed’s move has a ripple effect,…

A Flat Tax in Wisconsin Can Deliver Tax Relief for Everyone

As Wisconsin’s gubernatorial election draws near, the spotlight is on a potential flat individual income tax—and its effects on the state’s taxpayers and economy. Unfortunately, there has been much confusion, with bold claims being made based on plans that don’t exist, including claims that a flat tax “would increase taxes on the middle class and working poor.”…

The State Business Tax Climate Index Is Your Guide to Economic “Wins Above Replacement”

Earlier today we published our annual State Business Tax Climate Index, which measures tax structure. It’s an extremely valuable diagnostic tool, enabling readers to compare states’ tax structures across more than 120 variables. Unlike most studies of state taxes, it is focused on the how more than the how much, in recognition of the fact that…

Terran Orbital stock jumps after spacecraft builder raises $100 million from Lockheed Martin

In this article LMT LLAP Follow your favorite stocksCREATE FREE ACCOUNT The company’s banner above the New York Stock Exchange on March 28, 2022. Terran Orbital Shares of spacecraft manufacturer Terran Orbital rose Monday after the company added $100 million via an investment from existing shareholder Lockheed Martin. Lockheed purchased both debt and stock, and…