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Don't let these funds undermine your 401(k) savings

Don't let these funds undermine your 401(k) savings

Finance
If you're choosing among the retirement funds on your 401(k) menu, you may have noticed something called a target-date fund on the list. Target-date funds typically consist of a mix of stocks, bonds and other investments that determine their risk based on when you want to retire. The funds are a popular choice among workers. Fifty-nine percent who have access to a 401(k) or other employer-sponsored plan said they use an automatic allocation strategy to save, according to research released in June by the Transamerica Center for Retirement Studies. In contrast, 43 percent use a do-it-yourself approach. ...
New retirees: Don't overlook this tax-planning sweet spot

New retirees: Don't overlook this tax-planning sweet spot

Finance
A special opportunity to do some serious tax-planning awaits many people heading into retirement. This sweet spot is the stretch of time that starts after you're done with full-time work and before you begin taking required minimum distributions from your 401(k) account or traditional individual retirement account at age 70½. And presumably, you'll find yourself in a lower tax bracket. "This is a good time to look at whether some strategies can work that help with taxes," said Avani Ramnani, director of financial planning and wealth management at Francis Financial in New York. ...
You don't have to be a billionaire to invest in startups

You don't have to be a billionaire to invest in startups

Finance
How Girlboss plans to empower female entrepreneurs Until recently, being an early-stage startup investor was a high-risk play available only to insiders who stood to win big when the Uber or Twitter they put money into took off. But two years ago the Securities and Exchange Commission adopted rules allowing companies to raise money through crowdfunding from anyone interested in investing. Since then, more than 1,000 companies have filed with the SEC to raise money on online platforms and $ 137 million has been committed to these businesses, according to Crowdfund Capital Advisors, a crowdfund investing firm. And it's not just tech companies: startups have been funded in 80 different industries ranging from restaurants to salons to logistics companies. Crowdfunding fo...
We don't want sarkari culture in our bank: Kishor Kharat, CEO, Indian Bank

We don't want sarkari culture in our bank: Kishor Kharat, CEO, Indian Bank

Finance
Kishor Kharat, managing director and CEO of Indian Bank, tells Shantanu Nandan Sharma that his bank does not want to confine its competitive landscape to its public sector peers. Instead, it wants to take on similar-sized private banks. Edited excerpts: On Indian Bank making a profit amid the banking gloomThis bank was in trouble in the mid-1990s. The government rescued it by infusing capital, and we survived. From then, our approach has remained conservative. We have the lowest non-performing assets (NPA) in the industry because we did not lend carelessly. While many banks were caught in problematic sectors such as road, power, cement, textiles, etc, we were better off as our exposure to those sectors was very low. Hence we could make a decent profit. On competition with private banksWe a...
Study: Healthy obese people don't face increased death risk

Study: Healthy obese people don't face increased death risk

Health
July 12 (UPI) -- People who are obese but otherwise healthy do not have an increased rate of mortality, according to a study in Toronto -- conflicting with results of a major study in Europe. Researchers at York University's Faculty of Health followed 54,089 men and women from five cohort studies through 2017. Participants who were otherwise healthy were compared with those with elevated glucose, blood pressure or lipids alone or another metabolic factor, including smoking status, ethnicity, age and lifestyle. Their findings were published Thursday in the journal Clinical Obesity. "This is in contrast with most of the literature and we think this is because most studies have defined metabolic healthy obesity as having up to one metabolic risk factor," said study leader Dr. Jennifer Kuk, ...