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 » Read more about: The Senate May Turn Republican: 4 Ways This Could Impact Your Social Security Benefit  »

Nov 2, 2024,06:30am EDT

Why Eric Trump Likely Isn’t As Rich As His Siblings“,”scope”:{“topStory”:{“index”:1,”title”:”Why Eric Trump Likely Isn’t As Rich As His Siblings”,”image”:”https://specials-images.forbesimg.com/imageserve/67250309bb58980b9b3534fb/0x0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Nov 2, 2024″,”hourMinute”:”06:30″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1730543432000},”uri”:”https://www.forbes.com/sites/kylemullins/2024/11/02/why-eric-trump-likely-isnt-as-rich-as-his-siblings/”}},”id”:”7af443q4bqqg00″},{“textContent”:”

Nov 4, 2024,10:23am EST

Looking For Election-Proof Investments?

 » Read more about: Why Buffett’s Berkshire Sold Apple Stock – Holds $352 Billion In Cash  »

 » Read more about: Stock Market News: Dow Open Downs  »

NEW YORK (AP) — U.S. stocks are drifting Monday ahead of a momentous week full of potential flashpoints, but other markets are already moving more sharply, including a rise for oil prices and drops for Treasury yields.

The S&P 500 was edging up by 0.1% in midday trading and near its record set last month.

 » Read more about: Stock market today: Wall Street drifts ahead of Election Day, while oil rises and yields sink  »

Nov 4, 2024,01:29am EST

Here’s How Much J.D. Vance Is Worth“,”scope”:{“topStory”:{“index”:1,”title”:”Here’s How Much J.D. Vance Is Worth”,”image”:”https://specials-images.forbesimg.com/imageserve/669575aa5e3aedcc8dba5a07/290×0.jpg?cropX1=0&cropX2=1920&cropY1=0&cropY2=1080″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Nov 4, 2024″,”hourMinute”:”01:29″,”amPm”:”am”,”isEDT”:false,”unformattedDate”:1730701766314},”uri”:”https://www.forbes.com/sites/kylemullins/2024/11/04/heres-how-much-jd-vance-is-worth/”}},”id”:”c6mlmnljb7h400″},{“textContent”:”

Nov 2, 2024,03:13pm EDT

Siblings, Step-Siblings And Difficulties With Aging Parents“,”scope”:{“topStory”:{“index”:2,”title”:”Siblings,

 » Read more about: Think You’re Retirement Ready? Check Your Social Portfolio First  »

The Internal Revenue Service (IRS) has announced that employees can contribute up to $23,500 to their 401(k) plans in 2025, an increase from the previous limit of $23,000 in 2024.

At the same time, the IRS has issued technical guidance on all cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for the 2025 tax year,

 » Read more about: Retirement account limits will increase in 2025  »

Some companies offer employees the option of postponing part of their pay until after they retire using what is called a non-qualified deferred compensation (NQDC) plan. The plan may be offered in addition to, or in place of, a qualified retirement plan such as a 401(k) plan.

The plans are typically offered as a type of bonus to upper-level executives,

 » Read more about: Taxation on Non-Qualified Deferred Compensation Plans  »

Markets regulator Securities and Exchange Board of India (SEBI) has allowed mutual funds to invest in overseas mutual funds or unit trusts that invest a specific portion of their assets in Indian securities. 

In its circular, SEBI said, “Indian mutual fund schemes may also invest in overseas MF/UTs that have exposure to Indian securities,

 » Read more about: SEBI allows mutual funds to invest in foreign funds with Indian securities exposure  »

SEBI has allowed mutual funds (MFs) to invest in overseas funds or unit trusts that invest a specific portion of their assets in Indian securities.

In a circular issued on Monday, the regulator said at the time of making investments (both fresh and subsequent), Indian MF schemes will have to ensure that the overseas MF/UTs do not have over 25 per cent exposure to Indian securities.

 » Read more about: SEBI allows mutual funds to invest in foreign funds with 25% exposure to India  »

 » Read more about: SEBI permits MFs to invest in overseas funds with Indian securities exposure  »