In your article “I want to access my 401(k) sooner. Is a loan the only way? you wrote that hardship distributions were “…available only if the participant has an “immediate and significant financial need” and that the distribution cannot exceed the amount “necessary to satisfy the financial need.” Cher Kent, There is some definition of … Read more
The U.S. financial authorities are trying to determine the right time to start considering how to step back from shrinking the company’s balance sheet. This suggests that the end may be closer than previously expected. Minutes from last month’s Federal Open Market Committee (FOMC) meeting discussed technical factors that will determine when to slow the … Read more
The United Kingdom introduces new tax aid for national producers of film, television content and video games at the beginning of 2024, as announced by the British Ministry of the Economy. Starting January 1, these types of productions will receive greater tax credits, as well as “greater flexibility in production decisions and more transparency about … Read more
A lawyer appealed the decision of a judge who, when settling his fees in a process, applied the passive rate of interest, under the terms of art. 61 of law 21839. For the lawyer, such a decision implied “abstracting from the reality of the country,” by not covering the value of the devaluation of the … Read more
While Wall Street is buoyed by expectations for a 2024 US interest rate cut, the real world is still far from over the effects of monetary tightening. Over the past two years, the central bank has been aggressively tightening in an effort to curb inflation. That will raise borrowing costs for businesses and consumers, which … Read more
Trading in anticipation of a weaker dollar has become increasingly popular among hedge funds and others after the U.S. Federal Reserve roiled markets by signaling an end to monetary tightening. According to Commodity Futures Trading Commission (CFTC) data compiled by Bloomberg, non-commercial traders – speculative market participants such as hedge funds and asset managers – … Read more
U.S. Treasuries rose for the fourth straight week in the week that ended on the 22nd, marking their highest streak since March. Investors are becoming increasingly confident that the US Federal Reserve will cut interest rates in the first quarter of next year. The personal consumption expenditure (PCE) core price index, the underlying inflation indicator … Read more
The outlook for U.S. inflation, which had already been steadily improving in recent months, was finally solidified over two days last week, just as the Federal Open Market Committee (FOMC) met. The Consumer Price Index (CPI) and Producer Price Index (PPI) statistics for November, released on the mornings of December 12th and 13th, respectively, reflect … Read more
Goldman Sachs Group Inc. strategists have revised their 2024 target for the S&P 500 upward just a month after setting it. Goldman’s Kostin predicts S&P 500 to near record high next year With the Fed’s dovish turn last week and inflation slowing, real yields will fall, supporting stock valuations, the team led by David Kostin … Read more
I am a 59 year old retired union construction worker with a full pension of $80,000 per year with no COLA. I also receive Social Security Disability benefits for $3,400 per month. My wife, age 59, is an executive assistant to the director of operations at a large hospital and her income is $68,000. My … Read more