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Should higher earners still make 401(k) catch‑up contributions?

Should higher earners still make 401(k) catch‑up contributions?

Since 2002, retirement savers age 50 and over have had the option of making “catch-up” contributions to their 401(k) plans, which stack on top of the regular limits for employee contributions to tax-deferred retirement plans. The amounts were limited to $1,000 per year when they first came out but expanded to $7,500 by 2 ... (full story)


How social media killed the food festival stars. And created others

How social media killed the food festival stars. And created others

MIAMI (AP) — For nearly 10 years running, Lesley VanNess never missed the South Beach Wine & Food Festival, a beachfront bacchanal of celebrities, booze and bites that tens of thousands of attendees pay hundreds to thousands of dollars to join.
It was about access, the chance to nosh and gab with the likes of Rachael R ... (full story)


Forced Selling and the Fed

Q. What is "forced selling"? -- A.D., Chepachet, Rhode Island
A. It can refer to multiple things. For example, imagine you've invested "on margin." (That's when your brokerage lends you money to invest with.) If your holdings fall in value significantly, you might receive a "margin call," requiring ... (full story)


From dabblers to day traders, individual investors' impact on Wall Street grows

From dabblers to day traders, individual investors' impact on Wall Street grows

LOS ANGELES (AP) — For years, individual investors were dismissed by some on Wall Street as “dumb money.”
That typically referred to those prone to trading on hype, or chasing trends rather than company or industry fundamentals, or responding late to big market moves.
That's no longer the case. An analysis ... (full story)


Grandson of the inventor of Reese's Peanut Butter Cups accuses Hershey of cutting corners

Grandson of the inventor of Reese's Peanut Butter Cups accuses Hershey of cutting corners

The grandson of the inventor of Reese’s Peanut Butter Cups has lashed out at The Hershey Co., accusing the candy company of hurting the Reese's brand by shifting to cheaper ingredients in many products.
Hershey acknowledges some recipe changes but said Wednesday that it was trying to meet consumer demand for innovation. Hi ... (full story)