When assessing your retirement readiness, it is common to compare your 401(k) balance to others to gauge progress. Recent data from Fidelity reveals that the average 401(k) balance among investors on the platform was $125,900 in the first quarter. However, breaking down this data by age group may not provide an accurate comparison. Instead, looking
admin
Gen Z is proving to be ahead of the curve when it comes to investing. According to the 2024 Schwab Modern Wealth survey, Gen Z adults are starting to invest and save at an average age of 19. This is a stark difference from baby boomers, who typically began investing at the age of 35,
As sea levels continue to rise and storms become more intense, coastal real estate is facing unprecedented challenges. From California to New York and Massachusetts, some of the nation’s most expensive coastal properties are at risk due to climate change. The 2021 hurricane season is expected to be “above-normal” in terms of activity, with up
Adobe experienced a significant surge in shares by 15% on Friday, marking its largest gain since March 2020. This increase came following the release of their earnings report, which surpassed analysts’ estimates in both earnings and revenue. The company reported an adjusted earnings per share of $4.48, exceeding the LSEG consensus estimate of $4.39 per
Boeing’s Starliner capsule, named “Calypso”, has recently made headlines as it has been scheduled to remain at the International Space Station for a longer duration than originally planned. NASA announced the extension of the mission, known as Boeing’s crew flight test, which is aimed at conducting various tests on the Starliner while it is docked
The real estate market is experiencing a surge in new listings, with a 13% increase from a year ago as reported by Zillow. However, this influx of properties is not translating into quick sales due to escalating prices and interest rates. Senior economist at Zillow, Orphe Divounguy, points out that while there is an uptick
The Pentagon recently announced the first winning bidders in its rocket launch contract sweepstakes, with Jeff Bezos’ Blue Origin securing a spot for the first time. This development comes as part of the contracts awarded under the Pentagon’s $5.6 billion National Security Space Launch program. Elon Musk’s SpaceX and United Launch Alliance (ULA) were also
The financial technology industry has seen a significant downturn in investment recently, but CleverCards, a Dublin-based startup, has managed to defy the odds by securing 8 million euros ($8.6 million) in funding. This innovative company utilizes technology to address the issue of employees abusing corporate expenses. According to a global survey of CFOs conducted by
Christina Lewis has a unique background in the world of wealth management. From her early days as a young girl managing her father’s stock portfolio to her current venture, Beatrice Advisors, she has seen it all. The tragic loss of her father, Reginald Lewis, at a young age left her with a fortune and a
Recently, Keith Gill, also known as “Roaring Kitty” online, has been making headlines once again. This time, it seems that he has increased his ownership in GameStop’s common stock significantly. The latest disclosure shows that Gill is now holding over 9 million GameStop shares, along with cash reserves exceeding $6 million. This revelation has sparked