Once again, Fargo makes Forbes list of top 25 cities for retirees inforum.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inforum.com Daily Mail and Mail on Sunday newspapers.
13:14 • 19.04.21
By Hank Tucker
The S&P 500 index closed at a record high on Friday for the fourth consecutive week, lifting the fortunes of most of the world’s wealthiest people and putting the centibillionaire club on the brink of welcoming an unprecedented eighth member.
Nobody benefited more from the bullish market than LVMH’s Bernard Arnault and Tesla cofounder Elon Musk, the second- and third-richest people in the world, respectively, whose fortunes both swelled by about $13 billion this week. Musk enjoyed a $12.3 billion jump in a single day on Tuesday to move into second place though Arnault leapfrogged him again on Friday to retake the No. 2 spot in the world, with his $181.6 billion net worth just ahead of Musk’s $179.7 billion fortune, Forbes estimates. Tesla’s 9.3% gain for the week outperformed the S&P 500’s more modest 1.4% increase. The Dow Jones Industrial Average, which also closed Friday at a record high, rose by 1.2%.
Unexpected Pandemic Money Lessons; Biden s $2 Trillion Plan Isn t Enough forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
By Dan Weiskopf
My son was just accepted early to college, so I have been giving 529 Plans a deep thought these days. Talk about a gift that keeps on giving! What a benefit it has been for so many who have had parents or grandparents accumulate savings for college in the form of tax-free compounding in 529 plans. Let’s face it, one dollar saved in a 529 plan five, ten or 15 years ago is almost certainly worth considerably more today, given market returns; but will this performance continue similar to past performance? Should you make changes to how your 529 is invested if you are close to spending it? We don’t mean to be sending out warning flags, but this is a saving program that many fortunate investors take for granted, and are ill prepared for the effects of a long-term decline. With the S&P Index now up about 15.5% this year, most investors in 529 plans are fortunate for having the long term goal and discipline for saving money in this wrapper. But this money has a specific