Despite Tesla (TSLA) reporting disappointing earnings and a higher-than-expected US economic growth reading, US stocks climbed on Thursday. The Dow Jones Industrial Average (^DJI) gained 0.2%, the S&P 500 (^GSPC) rose 0.4%, extending its record streak from the previous day, and the Nasdaq 100 (^NDX) inched up about 0.6%. The morning release of the advance estimate for fourth-quarter US gross domestic product (GDP) revealed a robust annualized growth rate of 3.3%, surpassing economists' expectations of 2%. Tesla, in its quarterly results, cautioned about a "notably" slower growth in electric vehicle production, missing profit forecasts. CEO Elon Musk expressed concerns about Chinese carmakers outpacing rivals in the absence of trade restrictions. Tesla shares plummeted up to 11%, marking a deeper decline compared to other tech-heavy "Magnificent Seven" stocks that have been propelling the S&P 500's surge. After-hours attention focused on Intel (INT...
"Decoding Pension Buyouts: Navigating the Road to Retirement" Pondering whether to take the lump sum or opt for monthly payments from your pension? You're not alone. Pension buyout decisions are becoming more commonplace, sparking a host of considerations for those with retirement plans. Let's break down the complexities and help you make an informed decision that aligns with your financial future. The Dilemma: Lump Sum vs. Monthly Payments When faced with a pension buyout offer, timing becomes paramount. The quandary lies in when you'll receive the payout and how long you anticipate living. A lump sum payout earlier in your retirement can significantly boost its overall value. Conversely, if you're in it for the long haul, monthly payments may accumulate into a more substantial sum over time. For instance, imagine being offered $48,000 to forgo a $462 monthly payment. If you're past a certain age, playing the percentages might lead you to lean towards th...
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