What do you get for the person in your life who has everything? Try stuffing their bank account instead of their stocking. Anand Talwar, Deposits and Consumer Strategy Executive at Ally, joins Your Cheddar to talk about gifting financial security to a spouse or child for the holidays.
It may not be sexy, but giving your spouse a living will or naming them as a beneficiary could be one of the most important things you do all year. Talwar says only 44% of Americans have a living will, which he wants to see increase next year. Talwar also suggests giving the gift of financial security to your kids. Giving them an actual piggy bank and teaching them about saving and budgeting is more of an asset than an action figure.
Plus, what to get the millennials on your list. They're obsessed with the experiential economy, so Talwar suggests looking into gifting them your airline miles. It's technically free, (if you won't use them) and allows young adults to follow their travel passions.
Karl Farmer, Vice President and Portfolio Managers at Rockland Trust Bank, breaks down why inflation and interest rates may stick at these levels, and why Bitcoin still carries some risks.
If you wince at the grocery store checkout, you’re not alone. Wall Street Journal reporter Jesse Newman breaks down why prices are so high – and not going down anytime soon.
An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. (Getty Images)
Glen Smith, CIO at GDS Wealth Management, shares how investors can allocate their assets as the market broadens and why he’s eyeing June for the first potential rate cut.
