Raiding retirement savings to pay for unexpected expenses is a big money mistake many Americans are prone to making, says personal finance expert Suze Orman.
For retirees who need to take so-called RMDs from IRAs and 401(k) plans, it's important to be sure to follow the rules to avoid facing a 50% tax penalty.
If you're waiting for a tax refund, it may be accruing interest, and the rate jumps to 7% from 6% in January. Here's what filers need to know.
The Toronto Star | Ajay Agrawal, Joshua Gans, Avi Goldfarb | Nov 26, 2022 Five years ago, artificial intelligence (AI) experts would have guessed that the first AI “unicorn” startup (a venture valued at more than $1 billion) in Canada would be from Toronto, Montreal, or Edmonton. But the experts were wrong. We thought the
BankingDive | Gabrielle Saulsbery | Nov 28, 2022 Private firms are adopting a more defensive posture, delaying new funding rounds, planning for modest growth and addressing regulatory risks, according to a report. Regulatory challenges have doubled in importance to fintech leaders from 2021 to 2022, according to the results of a survey of 100 industry leaders released Monday. Now, nearly
Guest Post | Nov 30, 2022 It’s without a doubt how technological advancements are revolutionizing how industries operate today. For instance, in the financial industry, there’s notable growth in terms of computer processing capabilities. And among the innovations today is Robotic Process Automation (RPA). What Is Robotic Process Automation (RPA) Robotic process automation refers to
IOSCO | Nov 2, 2022 The International Organization of Securities Commissions (IOSCO) has published a speech by Tuang Lee, Chair of IOSCO Fintech Task Force, on applying and adapting IOSCO principles to digital asset markets. Digital assets: These refer to anything of value whose ownership is represented in a digital or computerised form, through a process called
McCarthy Tetrault | Ana Badour | Nov 17, 2022 The Office of the Superintendent of Financial Institutions (OSFI), the Financial Consumer Agency of Canada (FCAC) and the Canada Deposit Insurance Corporation (CDIC) issued a joint statement to all regulated entities (regulated entities) engaging in crypto asset activities or crypto-related service: In Scope: Including but not
This year's holiday spending is setting new records, but it's not too late to avoid going into debt, experts say.
The Globe and Mail | James Bradshaw | Nov 29, 2022 Subject to regulatory and government approvals, Royal Bank of Canada is buying HSBC Bank Canada for $13.5-billion in cash in the largest deal ever reached between two domestic banks in the country. Concentration: Acquisition would see RBC consolidate its position as Canada’s largest bank.
Unretiring may be a good way to increase your income in retirement. If you're already collecting Social Security benefits, there are a few things to consider.
Nov 29, 2022 The company offers game development services, here, you can order a game of any plan, you will be provided with the entire cycle of creating an exciting, beautiful and exciting game. You can make any fantasy come true. Just tell our specialists the idea, and they will offer you different solutions, they
After a volatile year for the stock and bond markets, it may be time to rebalance your portfolio. Here's what to consider before making changes.
Cryptoslate | Oluwapelumi Adejumo | Nov 28, 2022 Former Kraken CEO Jesse Powell criticized Binance’s Proof of Reserve, calling it an “ignorant or intentional misrepresentation.” Powell argued that the Merkle Tree was pointless if there were no external auditors to ensure that the exchange did not include accounts with negative balances. He added that “the
The human brain evolved with a strong bias against loss to aid in survival. In the modern era, that loss aversion can be a hindrance for investors.