Author: troyashbacher

Goldman Sachs Asset Management is making a big bet on defined outcome exchange-traded funds — also known as buffer ETFs, which use options to help protect against market losses.This month, Goldman Sachs agreed to buy defined outcome ETF provider Innovator Capital Management for $2 billion. The deal is expected to close in the first half of next year.Bryon Lake, co-head of the firm’s Third-Party Wealth team, expects the funds to be a major growth engine for the industry.”We did this deal with Innovator. We’ve loved that business for years. We’ve known the founders. We’ve known the team. We’re really excited about this space…

FactSet and Gartner are among the S&P 500’s worst performers this year — but some on Wall Street see resilient and sticky businesses that can adapt to AI.

“I heard a little rumor that I could also receive half of what my husband will get when he is at full retirement age.”

The latest Fed rate cut is reigniting a “rotation trade” out of trendy AI-linked names. It is a sign investors are feeling more confident about the economy.

(Image credit: Getty Images)Like most people I talk to, when you ask yourself, “What’s the maximum I can give to my kids this year?” you’re probably thinking of a number like $10,000, $15,000 or $19,000.But when it comes to the gift tax limit, the number you’re probably thinking isn’t actually the limit at all.Today, we’ll go through the rules, along with common questions and misconceptions, of the IRS gift tax system in 2025 so that you can give the amount you want to your kids without the fear of extra taxes or lengthy paperwork. From just $107.88 $24.99 for Kiplinger…

Welcome to Kiplinger’s My First $1 Million series, in which we hear from people who have made $1 million. They’re sharing how they did it and what they’re doing with it.This time, we hear from a 74-year-old married and retired in-house corporate lawyer from the tech industry. He lives in the Midwest now, but spent most of his career in Boston and New York. He details here how he made his first $1 million by age 42, but then lost it all. Luckily, he’s made other millions since then.See our earlier profiles, including a writer in New England, a literacy…

(Image credit: Getty Images)Question: My teen crashed his car and now our car insurance has tripled. What can we do to cut our insurance bill?Answer: Unfortunately, there’s no quick fix to undo the financial damage of a teen driver getting into an accident. Whether your car was totaled or it was a minor fender bender, a teen driver getting into an accident is likely to result in a steep premium increase. Some tips and tricks can help counteract the rate hike, but nothing (aside from time and eventually removing them from your policy) is likely to completely erase it.With that…

History offers few better examples of someone preparing for a major life transition than Marcus Aurelius.Chosen at a young age to one day “assume the purple,” he spent his youth not chasing power but studying philosophy — reading, writing and thinking about what it meant to live well and rule wisely.When he finally took the throne, Marcus faced nonstop crises: war along the northern front, a devastating plague, political betrayals and financial strain. Yet through it all, he remained disciplined, steady and unusually unpretentious for a man with absolute authority. His private writings reveal why. He relied on an ancient…

Sitting on a small fortune in retirement and don’t know what to do with it, or just want to live vicariously through the rich and frivolous?Well, look no further. We’ve put together a list of some of the most outrageous things retirees can spend their money on.Sure, we all want to give to charities and leave money to our heirs, but it’s also perfectly ok to splurge, especially if you made a fortune in the stock market bull run of the last twenty years. From just $107.88 $24.99 for Kiplinger Personal Finance Become a smarter, better informed investor. Subscribe from…

Products such as index annuities, structured notes and buffered ETFs might seem appealing, but sometimes they can rob you of flexibility and trap your capital.