The Fed may soon require employers to start giving retirement income estimates. The goal is to help American workers budget better for their future, but is there something that can be done to get a better handle of our 401K? Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to...
New car prices are on the rise. With the economy the way it’s going dealers are charging more. Auto lenders are jumping on the bandwagon by changing the terms of their loans to try to get you in and buy a new car while trying to keep your payments low. However, when you look at the short term savings it could cost you dearly in the long...
Whenever new job numbers come out everyone always hopes for the best for those out of work, but this week the numbers reported by the Bureau of Labor Statistics were not good. Employers only adding 88,000 jobs last month, and that is the fewest in nine months. This number is well below the six month average. Estimates show that you have to add...
A new French Super-Tax calls for a 75% tax rate. Among those impacted, it will hit the nations most popular soccer stars and they are reacting to it. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox News to discuss France’s new tax and why the soccer players are not...
New concerns for recent college graduates looking for their first big break in the job market. The recession is forcing millions of them into low skill low pay jobs, and what was meant as a temporary move for a lot of them is now turning into a prolonged underemployment. That is of course for those lucky enough to find jobs. The national...
New insight into the current state of the economy, according to the labor department the unemployment rate dropped to 7.7% in February. That is the lowest rate in four years. While this number may sound good, some analysts warn the report offers a few cautionary tales. Ed Butowsky, wealth manager, financial advisor, and managing partner of...
If you’re investing in a 401k, there may be some good news for you. Fidelity Investments is reporting the average value of 401ks jumped 12% last year to a record high. But to some investors it’s not all good. The average 401k is worth just over $77,300, which is not enough to retire on for most people. So what will it take to get...
Economists are offering their outlook on the economy and it is not very pretty. They predict growth that is very sluggish, unemployment rates still hovering around 8%, and based on a new poll by Fox News that shows 52% of Americans are very pessimistic about the economy. Ed Butowsky, wealth manager, financial advisor, and managing partner of...
One of the bigger stories last week was Phil Mickelson’s comments after his win at a prestigious tournament. He stated that he was tired of paying over 60% of his income to Uncle Sam and the State of California. This has become a problem in California as the tax rates have gone up. Phil Mickelson will be happy to know he is not the only one,...
