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What’s in your 401(k)? That answer might look a little different soon.A new executive order directs the Department of La...
08/13/2025

What’s in your 401(k)? That answer might look a little different soon.
A new executive order directs the Department of Labor to reexamine rules regarding the inclusion of alternative assets—like private equity, real estate, and cryptocurrencies—in 401(k) programs.

While these assets have typically been excluded from defined contribution plans, industry interest has grown, and some firms are already exploring investment products incorporating private markets.

It’s a development worth watching, especially as Americans hold over $8 trillion in 401(k)s.

The executive order directs the U.S. Secretary of Labor to review fiduciary guidance on private market investments in 401(k) and other defined-contribution plans that are governed by ERISA.

📦 New U.S. tariffs between 10% and 41% just took effect, impacting imports from nearly 70 countries. These levies could ...
08/11/2025

📦 New U.S. tariffs between 10% and 41% just took effect, impacting imports from nearly 70 countries. These levies could translate into higher prices for everyday items from coffee to consumer goods.



What’s driving the increase? According to officials, it’s an effort to address trade imbalances. However, the impact may be felt at the register for households and businesses.



Now may be a good time to review your budget and long-term financial goals, especially if you regularly purchase imported goods or materials.

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An increasing number of retirees are leaning heavily on Social Security as their main source of income, according to new...
07/28/2025

An increasing number of retirees are leaning heavily on Social Security as their main source of income, according to new data from AARP.



In fact, nearly one in four Americans aged 50 and older say they expect Social Security to be their primary or sole income stream in retirement.



The reasons vary—rising costs of living, limited personal savings, and the shift away from employer pensions all play a role. But the trend underscores how essential Social Security remains, especially for households without significant retirement assets.

More than three-quarters of Americans fear Social Security won't provide enough to live on when they retire, AARP study finds.

Producer prices were flat in June—but don’t let that headline fool you. While the overall Producer Price Index didn’t mo...
07/23/2025

Producer prices were flat in June—but don’t let that headline fool you.


While the overall Producer Price Index didn’t move, rising input costs are quietly reshaping business dynamics behind the scenes. The impact of recently imposed tariffs is becoming more visible, especially in goods-producing sectors.


🔹 Wholesale goods prices rose 0.3%, driven by jumps in communication equipment, furniture, and fuel
🔹 Service prices declined 0.1%, largely due to weaker travel demand and falling hotel and airfare costs
🔹 Core goods prices have seen their fastest three-month increase since early 2023


Economists say this could signal either growing cost pressure or companies using tariff protection to reset pricing. Either way, it adds a layer of complexity as businesses assess spending, supply chains, and demand.


The Fed remains cautious, watching for signs of broad inflation pickup, but for now, this mix of flat headline numbers and rising goods prices is one to watch.

U.S. producer prices were unexpectedly unchanged in June as a tariff-driven increase in the cost of goods such as communication and related equipment was offset by softening demand for travel services.

A new provision in the recently signed One Big Beautiful Bill is restoring a tax deduction for certain car buyers—but wi...
07/21/2025

A new provision in the recently signed One Big Beautiful Bill is restoring a tax deduction for certain car buyers—but with limits.



Here’s what’s changing:
▪️ Buyers can deduct up to $10,000 in auto loan interest each year (2025–2028)
▪️ Applies only to new, U.S.-assembled light vehicles purchased for personal use
▪️ Used vehicles and leases do not qualify
▪️ The deduction is available even for those taking the standard deduction
▪️ Income caps apply: phased out above $150K (single) or $250K (joint)



This could affect an estimated 3.5 million vehicle loans this year. But the benefit won’t apply to every buyer, especially those with higher incomes or leasing preferences.

The tax and spending bill signed into law by President Trump on July 4 includes a limited tax break for car buyers.

Mortgage Demand Picks Up as Rates Ease 🏡After months of sluggish activity, both purchase and refinance applications rose...
07/17/2025

Mortgage Demand Picks Up as Rates Ease 🏡

After months of sluggish activity, both purchase and refinance applications rose 9% following a dip in mortgage rates to 6.77%—their lowest level in three months.

Refinance demand is still well below historical norms, but it’s up 56% compared to this time last year. Purchase applications also climbed 25% year over year, helped by moderating home prices and a slight increase in available inventory.

While market uncertainty and high cancellation rates remain in the background, buyers' response to a small rate shift shows how sensitive they are.

Mortgage demand took a big jump higher, as rates continue to fall to their lowest level in three months.

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