Rachelle Akuffo

    Host

  • Biggest financial factors when deciding on a college

    The deadline for many students across the country to make their final decision over which college they will attend is coming fast: May 1 for a majority of colleges. With so many different financial considerations, such as applying for FAFSA loans and various scholarships, choosing a school can be overwhelming. Yahoo Finance's Rachelle Akuffo joins Wealth! to break down the financial factors prospective students should consider when making a final decision on where to attend college. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

  • UPS earnings results: 3 figures investors are keying in on

    Shares of United Parcel Service (UPS) are moving higher Tuesday morning as the company posted its first-quarter earnings to mixed results, topping estimates by posting adjusted gains of $1.43 per share while its revenue figures fell short of analyst forecasts. In addition, the report revealed slowing delivery demand for both the US and international markets. Yahoo Finance's Rachelle Akuffo joins Wealth! to break down the top takeaways from UPS's first-quarter earnings and what investors can expect moving forward. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Nicholas Jacobino

  • Good vs. bad debt: How to spot the difference

    Debt may intimidate many Americans, but it doesn't always have to be so taboo. Maconomics founder Ross Mac joins Wealth! to break down the true difference between good debt and bad debt. Mac outlines what it means to have good debt: "It is something that is going to add to your net worth. Say that with me, people: It's going to add to your net, while bad debt will take away from your net worth. So when we think about certain examples of good debt we are talking about your mortgage, we're talking about student loans, we're talking about business loans. " For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Nicholas Jacobino

  • Credit cards: Tips for building credit for your children

    Credit cards often do not have age restrictions, opening the door for parents and guardians to be able to build credit for their young ones. However, all associated responsibilities for the open line of credit will fall on the parent until the child becomes of legal age. Yahoo Finance's Kendall Little breaks down the pros and cons of this credit building approach for youth. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith

  • The importance of investing early in life

    According to a Fidelity study of teens ages 13 to 17, 75% say investing is important to them while only 23% have actually started to invest. Fidelity SVP of Emerging Customers Kelly Lannan and Economics Founder Ross Mac join Wealth! to break down the importance of investing at a young age and give advice on how to get younger Americans to take their first steps into the market world. Lannan dismisses a misconception about teens and investing: "I also think sometimes there's a misconception that teens are going to social media or other sources in order to get their advice. Yes, of course they're doing that, but often teens are telling us the very first place they go for advice, for guidance, for their questions is to a family member. More often than not, it's to their parents." Mac outlines the importance of finding a reliable source of information and starting to invest early on: "When it comes to investing, I think there's an unlearning process. But as you stated earlier, social media is effectively the new teacher, so when students, when children are looking to social media, there's obviously a lot of misinformation, but I think the most important thing is that people are starting to have the conversation a lot earlier...So when teens start thinking about investing, you're talking about an additional 20 years of compounded interest. So the fact they're having the conversation is one, remarkable, but two, it gives the ability for a person to truly turn their entire retirement, turn that whole thing around." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Nicholas Jacobino

  • Navigating college scholarships with Scholly by Sallie

    According to data from ScholarshipOwl, half of Gen Z students have no money for college, while a Bloomberg report found the average sticker price for an Ivy League University education is over $90,000 a year. Fortunately, there are a myriad of scholarships available to students in the US. Scholly By Sallie Founder Christopher Gray and Shark Group CEO Daymond John joins Wealth! to break down some of the best ways to avoid student debt and how prospective students can navigate the mass of scholarship opportunities. John invested in Scholly after Gray pitched the service on an episode of Shark Tank. Scholly was then acquired by student loan lender Sallie Mae (SLM) in 2023. Gray offers this piece of advice for students getting ready to apply for scholarships: "I think that just being able to start as early as you can, and if you do have to wait the last minute, that's fine, people have different responsibilities but that is the biggest mistake. Waiting to the last minute and then just having to rush and do all those essays and applications, you have to submit FAFSA forms, you have to do all of those things. So that's the biggest mistake I see people make." John instills the importance of education and why students need to apply for scholarships: "There's a lot of great programs out there that want to reward people who are moving in the direction that scholarships and opportunities have been presented. I think that just like in business, your personal business, you can either increase sales or reduce costs. If you can reduce the costs of getting a better education, then in the long run, it's a great payoff." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Nicholas Jacobino

  • Filing your taxes late? Here's how to make a plan and act on it

    As the April 15 tax filing deadline approaches in less than a week, many Americans have waited until the last minute to submit their returns. Jackson Hewitt Chief Tax Information Officer Mark Steber joins Wealth! to provide insights on what individuals need to know to get prepared. Steber acknowledges that people opt to do their taxes later in the season for a variety of reasons, ranging from life issues to simply being afraid of owing the federal government. He notes that within the past week alone, 90 million Americans have filed. Steber advises last-minute filers to "get a plan and start to act on that plan." He explains those filing late are "running a risk" of incurring various penalties, such as payment penalties, filing penalties, or interest. Steber encourages individuals to "decide what works" for them, but emphasizes the importance of acting "wisely and soon." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith

  • The three core principles of effective index fund investing

    Index funds — a portfolio or group of stocks designed to mimic the performance of existing stock market indexes (^DJI, ^IXIC, ^GSPC) — generally have a 97% chance of outperforming regular markets based on portfolio composition, according to Ferri Investment Solutions CEO Richard Ferri, CFA. Ferri, the host of The Bogleheads on Investing podcast, joins Yahoo Finance Live to walk through the fundamentals of index investing and creating a long-term investment strategy for one's portfolio. "The discipline part is to fully implement that and maintain it basically over the rest of your life. There will be times in life where you're transitioning from working to retirement where you may wish to have more say fixed-income or bonds in your portfolio than equity at that point, but those are just adjusting the sales on this philosophy of indexing that you've created," Ferri states. "It is a lifelong investment strategy that works for basically everybody including some of the very largest pension funds out there," For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Luke Carberry Mogan.

  • Boeing deliveries fall sharply amid safety turmoil

    Boeing (BA) announced it delivered 83 commercial planes in the first quarter. The aerospace company has seen deliveries fall sharply after a door plug blew off on an Alaska Airlines (ALK) flight in January. The subsequent fallout and further incidents have caused Boeing to dramatically reduce its output. In the first quarter of 2023, Boeing said it had delivered 130 planes. Yahoo Finance's Rachelle Akuffo takes a closer look at the Boeing numbers. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Stephanie Mikulich.

  • EV adoption faces new headwind: Tire wear

    The adoption of electric vehicles (EVs) is being affected by an unexpected issue: accelerated tire wear. J.D. Power Director of Automotive Supplier Benchmarking and Alternative Mobility Ashley Edgar joins Yahoo Finance Wealth! to discuss the implications of this problem. According to Edgar, EV owners' tires are wearing out "twice as fast" as those on gas-powered vehicles. The study she referenced looked at "original satisfaction," meaning the tires when the EV was first purchased, compared to the condition of the tires one to two years later, which showcased that rapid tire wear is emerging as a new challenge for EV adoption. Edgar emphasizes the importance of "self-advocating" at the dealership to ensure that customers are fully aware of the additional costs and potential issues that come with owning an EV. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith

  • Gold, bitcoin rising: Do they belong in your portfolio?

    Gold futures (GC=F) and bitcoin (BTC-USD) have been on the rise within the past six months, garnering a lot of attention from Wall Street as uncertainty and volatility have increased in markets. While these assets might seem like a great addition to anyone's portfolio, is now the time to buy in or is there more than meets the eye? Yahoo Finance Reporter Jared Blikre joins Wealth! to break down some of the pros and cons to keep in mind when adding gold and bitcoin to investors' portfolios. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Nicholas Jacobino

  • Why wealth transfers require 'transparent conversation': Expert

    According to an Edward Jones report, 48% of Americans plan to leave an inheritance, but over a third intend to refrain from discussing what they're leaving behind. Edward Jones Head of Wealth Management Advice and Solutions Lena Haas joins Yahoo Finance Wealth! to discuss the stigma surrounding the Great Wealth Transfer. Haas notes that around $85 trillion will be passed down between now and 2045. She acknowledges that wealth conversations are "an inherently emotional topic" due to negative associations, such as the potential impact on family relationships and the topic of death. Haas emphasizes that it is "critical" to change the narrative surrounding these conversations. When planning for wealth transfer, Haas stresses the importance of individuals having a transparent conversation with family members. She suggests creating a neutral setting, developing an agenda, and potentially bringing in trusted family members or financial professionals to help explain the situation. Haas notes that the wealth transfer process goes beyond just "dollars and cents," as it bleeds into family values and legacies. Families should discuss what they want to be known for, Haas concludes. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith

  • How Americans can find the work they're wired to do

    Many Americans can easily identify a lack of fulfillment in their work lives, but executing a career change can be challenging. Host of The Ken Coleman Show & two-time national bestselling author Ken Coleman joins Wealth! to break down how Americans can find the job they're meant for. Coleman outlines the questions people must ask themselves when switching to new career paths: "What do I need to learn? What do I need to do? What kind of experience do I need? A lot of people call the Ken Coleman show saying, hey, I applied for this, but they're saying I don't have enough experience. Well, its because you're applying for something a little too high up the ladder, so where do we get in? There's entry level for every position and every career path. So those are the first two questions. Now, once we figure out what is it that I need to learn and do, that's education and experience, how much are both of those ventures going to cost me. What's the hard cost of my time and money to get qualified? And then that allows me to figure out what my expectations should be." For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Nicholas Jacobino

  • How inflation has impacted retirement saving strategies

    Dealing with challenges created by high inflation, many Americans have been forced to make adjustments to their retirement savings strategies. Some have opted to pause or lower their contributions, while others have even resorted to dipping into their accounts to access the funds. Yahoo Finance Senior Columnist Kerry Hannon breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith

  • Solar eclipse: How wealthy travelers will be watching the event

    April 8's solar eclipse has encouraged luxury travelers to take to the skies and hit the roads in search of an ideal locale to view the cosmic event. This has led to a boom in travel bookings for Airbnb (ABNB) lodgings in the eclipse's path of totality and Hertz (HTZ) rental cars. Yahoo Finance Senior Reporter Ines Ferré details the luxury trip packages being booked by wealthier travelers. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Luke Carberry Mogan.

  • Why election years are 'surprisingly positive' for markets

    RBC Wealth Management vice president and financial advisor Nora Yousif joins Wealth! to break down the top tips for investors to boost their portfolios during the political volatility of an election year. Yousif explains that election years follow a consistent pattern and are often positive for the market, despite turbulence: "Always keep a long-term approach when it comes to the market...We have a lot of change going on: we've got the election, wars, interest rate changes. But know that even with wars, from the humanitarian aspect of things, of course, that has a devastating effect from that standpoint. When it comes to the markets, again, it's a short-term effect. So it's good in all of these cases to keep a long-term perspective. " For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Nicholas Jacobino

  • Biden proposes student debt relief plan ahead of 2024 election

    The Biden administration has proposed a new student debt forgiveness plan that could provide assistance to an estimated 30 million Americans. As the 2024 presidential election in November draws closer, Yahoo Finance's Senior Columnist Rick Newman joins Wealth! to discuss how these proposals could impact voter decisions. For more expert insight and the latest market action, click here to watch this full episode of Wealth! Editor's note: This article was written by Angel Smith

  • Biden admin. proposes new student loan relief plan

    The Biden administration is again taking action on student loan debt, with a proposed plan that could relieve over 30 million Americans. US Department of Education Under Secretary James Kvaal joins Yahoo Finance's Wealth! to discuss the details of this latest initiative. Kvaal explains the plan aims to help borrowers "who owe more than they borrowed" due to the accumulation of continued interest. The plan could see individuals have up to $20,000 in extra interest forgiven, which Kvaal estimates could impact as many as 25 million Americans "to get them back to a fair place on their student loans." Kvaal acknowledges that the Department of Education is navigating a "lengthy regulatory process" with this proposed plan, but stresses the department's commitment to finalizing the details in time for potential implementation by the fall. Kvaal encourages borrowers to visit studentaid.gov/debtrelief to review the full details on eligibility and benefits. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Wegovy gains Medicare, Medicaid coverage for heart benefits

    Novo Nordisk's (NVO) weight-loss medication, Wegovy, will now be covered by Medicare and Medicaid. This decision comes in light of the drug's demonstrated health benefits associated with mitigating the risk of heart disease. However, coverage under these healthcare providers will be exclusively granted to individuals utilizing Wegovy for the purpose of managing heart-related conditions. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith

  • Oil prices under pressure as US dollar rises

    While oil prices (CL=F, BZ=F) face some downward pressure, they have remained above the crucial $80 level. Yahoo Finance's Ines Ferré breaks down the details, providing insights into factors such as the strengthening US dollar (DX=F) and geopolitical tensions that could be causing the sell-off. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith