Wall Street saw stocks close lower last week as investors soured on risk following the release of weaker-than expected economic data and inflation worries. Each of the benchmark indexes ended the week in the red.
Wall Street saw stocks close lower last week as investors soured on risk following the release of weaker-than expected economic data and inflation worries. Each of the benchmark indexes ended the week in the red.
In 2024, nearly all S&P 500 sectors posted gains in a year defined by AI enthusiasm and a robust U.S. economy. Overall, 66% of companies ended the year in positive territory as the index achieved its best two-year performance since the late 1990s.
The Federal Thrift Savings Plan (TSP) is a tax-deferred retirement savings and investment plan set up to help federal civilian employees and military personnel save for retirement.
A tax credit reduces the income tax you may have to pay. Unlike a deduction, which reduces the income subject to tax, a credit directly reduces the tax itself.
The window of opportunity for many tax-saving moves closes on December 31, so it's important to evaluate your tax situation now, while there's still time to affect your bottom line for the 2024 tax year.
