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Top related persons:
Ryan Salah - 2 Marcus - 1 Goldman Sachs - 1 Wells - 1 Michael Kaye - 1 Charles Schwab - 1 Wells Fargo - 1 Robinhood - 1
Top related locs:
Wells Fargo Towson , Maryland
Top related orgs:
Capital Financial Partners - 2 Federal Reserve - 1 Fed - 1 Discover Financial - 1 Bank of America - 1 Wells - 1 Advisors - 1 Interactive - 1

Search resuls for: "Ryan Salah"


3 mentions found


☆ Brokerages slash yields on cash, but some still offer upward of 4%
  + stars: | 2024-09-27 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +3 min
Brokerages have also jumped in on the action, with several companies dropping the rates they pay on sums held in cash sweep accounts. Charles Schwab recently trimmed its cash sweep rate to 20 basis points, where it was previously 45 basis points, according to an analysis by Bank of America. Wells Fargo also dropped rates by 3 basis points to 30 basis points, based on the level of clients' household assets. A few outliers still pay solid rates on idle cash Brokerages take different approaches toward cash sweeps, with some firms opting to keep rates low even when the Fed was hiking rates. Even as yields are expected to continue falling, a couple of brokerages continue to offer competitive rates, Bank of America found.
Persons: Marcus, Goldman Sachs, Wells, Michael Kaye, Charles Schwab, Wells Fargo, Robinhood, Ryan Salah, We've Organizations: Federal Reserve, Fed, Discover Financial, Bank of America, Wells, Advisors, Interactive, Robinhood, Capital Financial Partners Locations: Wells Fargo, Towson , Maryland
☆ The tried and true 60/40 portfolio is making a comeback this year after cratering in 2022
  + stars: | 2023-08-17 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +4 min
The balanced portfolio — reported by many to have died in 2022 — is experiencing a revival. The iShares Core Growth Allocation ETF (AOR) that mimics the strategy lost 15.6% in 2022, including reinvested dividends. Investors sitting tight were rewarded, however, as 2023's run-up in stocks helped lift the 60/40 model. "And thanks to higher interest rates, investors are getting much higher compensation for taking interest rate risk compared to 2021-2022." A 60/40 portfolio isn't right for all investors and their situations, but it does create a foundation for sound investments, said Preston Cherry, CFP and founder of Concurrent Financial Planning.
Persons: —, Seema Shah, Ryan Salah, Salah, US6M, Preston Cherry, bode, Cherry Organizations: Asset Management, Capital Financial Partners, Federal, CFP, CNBC
☆ The 'holy grail' of investing accounts: How IRAs can boost your retirement savings
  + stars: | 2023-04-26 | by ( Ryan Ermey | ) www.cnbc.com   time to read: +5 min
Like workplace retirement accounts, such as 401(k)s, IRAs provide another way to save for retirement. And withdrawing money in retirement without owing any tax is the "holy grail," says Ed Slott, a certified public accountant and founder of IRAHelp.com. Roth IRAs offer no upfront deduction, because they're funded with money you've already paid taxes on. Plus, you can take out any of the money you've put in at any time without penalty. How do I open a Roth IRA?
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