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Housekeeping note: We have family and friends visiting from out of town this week and early next week, so there will be no article on Monday. This week researchers Wade Pfau and Michael Kitces released a new paper looking at an assortment of different asset allocation strategies in retirement — … Read entire story.
Source: Oblivious Investor
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week, resuming their downward trend of this year after rising slightly last week. Rates are near historically low levels.
Dividend distributions from mutual funds and ETFs are either qualified or non-qualified, and the difference could have you paying double the taxes. Qualified dividends are taxed at the lower long-term capital gains rate, which varies from 0{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} to 20{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540}. Non-qualified dividends are taxed at ordinary income rates, …
Oil has bounced close to 20{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} off its recent lows, but one look at its longer-term chart shows that it still has a long way to go to get back to levels it was at just six months ago. At its lows, oil got down to 50{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} below its 200-…