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Investors think they need at least $3 million to retire
RETIREMENT RETIREMENT PLANNING FEB 21, 2023
Investors think they need at least $3 million to retire

According to a Bloomberg survey, most respondents are optimistic they’ll move closer to their retirement goal by ending 2023 with more in retirement savings than at the end of 2022.

Former NBA player Paul Pierce to pay $1.4 million in crypto case
INVESTING ALTERNATIVES FEB 17, 2023
Former NBA player Paul Pierce to pay $1.4 million in crypto case

The SEC alleges the longtime Boston Celtic touted a crypto token without disclosing that he was paid to do so.

Crypto investors had their funds frozen. Now they may have to pay taxes
INVESTING ALTERNATIVES FEB 16, 2023
Crypto investors had their funds frozen. Now they may have to pay taxes

Even though investors can't access their accounts with bankrupt crypto lender Celsius Networks, they still owe taxes on the interest income they earned from the accounts last year.

Fidelity to hire 4,000 positions by midyear
YOUR PRACTICE PRACTICE MANAGEMENT FEB 16, 2023
Fidelity to hire 4,000 positions by midyear

The firm goes on a hiring binge as rival asset managers trim headcount amid economic uncertainty and softening financial markets.

Goldman CEO cites 'tighter hiring plan' for 2023
YOUR PRACTICE PRACTICE MANAGEMENT FEB 15, 2023
Goldman CEO cites 'tighter hiring plan' for 2023

But Solomon cited improved sentiment among CEOs about the possibility of a 'softer economic landing.'

Mutual-fund-to-ETF conversions fail to wow investors
INVESTING MUTUAL FUNDS FEB 14, 2023
Mutual-fund-to-ETF conversions fail to wow investors

More than a third of converted funds have posted net outflows since they made the switch, according to data compiled by Bloomberg.

State Street using AI as a ‘forward-looking approach' to portfolio construction
YOUR PRACTICE FINTECH FEB 13, 2023
State Street using AI as a ‘forward-looking approach' to portfolio construction

AI can give you a deeper breadth of opportunities and broaden your scope of companies that may be considered innovative, according to State Street’s Matt Bartolini.

Fears that a comfortable retirement may be unattainable continue to grow
RETIREMENT RETIREMENT PLANNING FEB 10, 2023
Fears that a comfortable retirement may be unattainable continue to grow

Prior to the expansion of state pension systems in the 20th century, it was only the rich who could reasonably expect comfortable leisure time at the end of their lives.

Vanguard's tax-busting fund design may face competition   
INVESTING ETFS FEB 09, 2023
Vanguard's tax-busting fund design may face competition   

PGIA has filed to replicate Vanguard’s model, which if approved, could potentially apply to 20 products with about $100 billion spread across the mutual fund issuer's 5 US subsidiaries.

Labor Secretary Marty Walsh expected to step down to take job as head of NHL players union
RETIREMENT RETIREMENT PLANNING FEB 08, 2023
Labor Secretary Marty Walsh expected to step down to take job as head of NHL players union

When Walsh will officially step down has not yet been announced but Deputy Secretary Julie Su is expected to become acting head of the agency.