Investments
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These Three Financial Moves Could Help High Earners Who Are Not Rich Yet
If you earn low to mid six figures but do not yet have enough money saved or invested to be considered rich, you are most likely in the group of earners known as HENRYs, short for High Earner, Not Rich Yet, writes Jasmin Suknanan for CNBC Select. Priya Malani, the co-founder and CEO of Stash…
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These Three Financial Moves Could Help High Earners Who Are Not Rich Yet
If you earn low to mid six figures but do not yet have enough money saved or invested to be considered rich, you are most likely in the group of earners known as HENRYs, short for High Earner, Not Rich Yet, writes Jasmin Suknanan for CNBC Select. Priya Malani, the co-founder and CEO of Stash…
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Divorce Lawyers, Financial Advisors Share How They Manage Money in Their Relationships
Divorce lawyers and couples counselors know how often money can lead to a divorce or an end of a relationship, writes Julia Carpenter for The Wall Street Journal. That is why when they return home, they take steps to ensure they have a healthy relationship with both their finances and their partners. One of the…
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Smart Financial Habits of Wealthy People That Wise Investors Emulate
High-net-worth individuals who grew their wealth strategically from a small nest egg often did so by developing smart financial habits that are wise to be emulated by everybody, no matter their starting level of wealth, writes Forbes Finance Council for Forbes. Not Keeping Money Lying Dormant Building true wealth requires not leaving money sitting idle.…
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Wealthy People Are Not Immune to Poor Money Decisions; These Are Some of Most Common Mistakes They Make
While wealthy people generally have a reputation for being good with money, even they are not immune to sometimes making poor decisions regarding their finances, writes Cameron Huddleston for GOBankingRates. “I’ve documented some horrific money blunders some smart, wealthy individuals always seem to repeat,” said Tom Corley, author of Rich Habits and Change Your Habits,…
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3 Ways to Maximize the $10,000 You Can Buy in Series I Bonds
Series I Bonds soared in popularity last year due to their enticing inflation-adjusted rate that peaked at 9.62 percent, writes Beth Pinsker for Market Watch. Since individuals are limited to purchasing a maximum of $10,000 per year, those who hit that number had to wait for the new year to buy more. Now, the question…
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Six Ways Wealthy Individuals Earn Passive Income
Earning passive income is not just a privilege of high-net-worth individuals, writes Analytics Insight. Most of us already have some wealth that can be utilized to generate a passive income and make the money work in our favor. Cloud Mining Unlike traditional mining, cloud mining does not require the use of specialized equipment or extensive…
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5 Sensible Steps to Protect Your Money in a Year That Promises More Economic Chaos
With the highest inflation in decades, a bear stock market, and fears of recession, the New Year promises to bring more economic chaos, write Imani Moise, Joe Pinsker, Ashlea Ebeling, Veronica Dagher, and Anne Tergesen for The Wall Street Journal. Luckily, there are some simple steps you can take to protect your money and prepare…
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Bryn Mawr Billionaire Michael Rubin Says ‘No’ to NFTs
Bryn Mawr billionaire Michael Rubin has decided that NFTs aren’t all that after all, writes Victor Fiorillo for Philadelphia Magazine. Rubin purchased a 60 percent stake in an NFT company back in October 2021, when he was co-owner of the Philadelphia 76ers. Candy Digital had produced NFTs for Major League Baseball and Stranger Things through…
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If You Are Planning Your Retirement, You Need RMD Game Plan
People who are planning for their retirement need to develop a game plan for required minimum distributions, or RMDs, if they want to maximize the amount of savings they keep in their pockets, writes Glenn Ruffenach for The Wall Street Journal. RMDs are annual withdrawals that people in their early 70s are required to take…
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Year-End Tax Planning Checklist: Steps to Maximize Your Financial Plan
Before the year comes to a close, there are some things you should review and consider with your overall financial plan. This past year has brought challenges such as inflation and a weak market performance, and with rising interest rates and new legislation now may be the best time to make adjustments before 2022 ends. …
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CCWMG’s Fred Hubler Shares Stock Market Expertise During Financial News Appearance
Fred Hubler Jr., the President and founder of Creative Capital Wealth Management Group in Chester Springs, was recently featured on a network to share his expertise on the stock market. Hubler noted on Ameritrade Network about the coming of a new regime of greater macro and market volatility. In addition to this appearance, he has…
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Learn How Your 2022 Year-End Bonus Will Be Taxed
Fortunate workers who are slated to receive their year-end bonus often find themselves surprised when the amount they receive is much less than what they originally thought it would be, writes Kelley R. Taylor for the Kiplinger. The difference in the amounts is due to federal tax withholding and bonus tax rates. While bonuses are…
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Renowned Meridian Bank CEO Chris Annas Featured in Online Investment Guide
Meridian Bank CEO Chris Annas, who has been a prominent leader and positive force in Chester County for years, was recently featured in Capital Analytics: Invest Philadelphia magazine. The annual business guide covers metro areas through data, in-depth analysis, and interviews with local business and political leaders like Annas. Labeled in the article as a…
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Some 401(k) Plans Starting to Offer Option of Putting Retirement Money Into Cryptocurrency
While many employers and regulators remain cautious, some 401(k) plans are starting to offer the option of putting retirement money into cryptocurrency, writes Anne Tergesen for The Wall Street Journal. Around 24,500 401(k) plans administered by Fidelity Investments began offering bitcoin in their investment menus this fall. Employees can put up to 20 percent of…
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Get Tips on Year-End Financial Planning from Bryn Mawr Trust’s Planning and Advice Team at Today’s NoonZOOM
With the end of the year on the horizon, now is the time to make sure you’re still on track for achieving your financial goals. What market trends should you watch for right now and steps you can take in the closing weeks to optimize your portfolio and charitable contributions, reduce taxes, and ensure all…
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Learn Why Young, Affluent Investors Should Not Be Pulling Away from Stocks
Young, affluent Americans are pulling away from stocks and choosing alternative investments, but many certified financial planners believe that doing so is a mistake, writes Ryan Ermey for CNBC’s Make It. According to a recent survey from Bank of America Private Bank, Americans ages 21–42 with a minimum of $3 million in investable assets hold…
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You Can Earn Nearly 7 Percent Interest with I Bonds; Here Is What You Need to Know About Them
I Bonds are still an attractive choice for numerous investors, writes Veronica Dagher for The Wall Street Journal. Starting on November 1, these inflation-adjusted U.S. savings bonds will earn an annual rate of 6.89 percent for six months. Previously, when bought before October 28, I Bonds earned an annual rate of 9.62 percent. Learning more…
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