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Latest Finance News

9 Topics 12 Posts
  • Tariffs on the European Union (EU) and Mexico

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  • Bitcoin is at an all-time high

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    At the G7 summit, the leaders announced the Clean Energy Infrastructure Fund, but as an environmentalist, I wonder what kinds of commitments were made to save the environment and whether this fund will actually help combat climate change.

  • Top 10 best ETFs for 2025

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  • The US market update.

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  • SPY is showing growth...

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  • High job openings, but why unemployment?

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    M

    Skill gap is not only the main issue for the mismatch between the current unemployment rate and the number of job openings. There are many other factors also:

    Candidates want a higher salary, which does not go with the current market rates. Some job seekers do not have the qualifications that companies want. Mismatched job locations. Work culture changes post-pandemic.
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    To minimize the taxes in retirement, you have to do very calculative thinking.

    If your father is still working, tell him to contribute more to traditional IRAs and 401(k)s (both are retirement plans that offer tax benefits); this will reduce his current taxable income.

    To keep up with inflation, select a long-term growth investment plans and tells him to add dividend-paying stocks to boost the portfolio.

    Transfer their pre-tax retirement savings to a Roth IRA, as Roth contributions aren’t tax-deductible, regardless of your income.

    Consult with an expert. He will create a personalized plan for your father according to their savings, income, and tax plans.