SmartAsset

SmartAsset is a website dedicated to providing consumers with valuable financial information and guidance. It also features SmartAdvisor, a nationwide platform that links individuals with financial advisors.

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Here's What Analysts Are Saying

Sep 13, 2024 | smartasset.com | Mark Henricks

After Nvidia (NVDA) posted its quarterly earnings report for fiscal year 2025 Q2 on August 28th, beating analyst forecasts. Afterwards, the stock price dropped, including a one-day loss that set a record for market capitalization drops. A number of recent events may explain investors’ apparent caution, including rumors of a subpoena from anti-trust investigators, worries about an industry-wide slowdown in high-speed chip purchases and delays in shipments of its next-generation product.
Palantir to Join S&P 500: How Will It Impact the Stock?

Sep 13, 2024 | smartasset.com | Mark Henricks

News that data analytics firm Palantir would join the S&P 500 index of large-capitalization American stocks sent the Denver-based company’s shares soaring. Opinions vary, however, about whether the shares will perform similarly over the long term strictly thanks to the effects of being added to the well-known index. Some market experts think being in the S&P 500 by itself gives a stock enduring legs.
Ask an Advisor: Can I Collect Social Security Survivors Benefits Now and Switch to My Own at Full Retirement Age?

Sep 9, 2024 | smartasset.com | Brandon Renfro

I’m 62 and currently working but my spouse passed away when I was 60. He waited until age 70 to take his Social Security. Can I collect his Social Security now in addition to my paycheck? If I get more money under my account at FRA, can I switch? – EllenI’m sorry to hear about your husband’s passing, Ellen. To answer your question: Yes, you can start collecting survivors benefit now and then switch to your own retirement benefit later. Here’s a look at how this process can go.
Harris Supports Quadrupling Stock Buyback Tax: What NVDA Shareholders Need to Know

Sep 6, 2024 | smartasset.com | Mark Henricks

Democratic presidential candidate Kamala Harris has signaled that she supports quadrupling the 1% percent surcharge placed on corporate share repurchase programs by the Inflation Reduction Act of 2022. The stated purpose of the 4% stock buyback tax proposal is to reduce the comparative tax advantage that buybacks have over dividend payouts as a way of rewarding shareholders. This could potentially affect the shareholders of Nvidia ($NVDA), which had recently announced a $50 billion buyback plan.
How Do I Pay Taxes on a Roth Conversion? Can I Use the Converted Funds?

Sep 3, 2024 | smartasset.com | Brandon Renfro

I want to do a Roth conversion from my traditional IRA in the amount of $250,000. It’s my understanding that I have to pay the income tax on the $250,000. Can that tax be paid from the funds in the IRA or do I have to pay the tax outside of the IRA? – KevinThis one is straightforward. The IRS doesn’t care where the money comes from. As long as you cut them a check they’ll be happy!All kidding aside – yes, the $250,000 is included in your gross income.
NVDA Announces Stock Buyback, Record Revenue: What to Know

Aug 30, 2024 | smartasset.com | Mark Henricks

Stock market high-flyer Nvidia (NVDA) revealed in an earnings call that it pushed past analyst’s heady expectations with its financial performance for the fiscal year’s second quarter. The Santa Clara, California-based technology company reported quarterly revenues of just over $30 billion, comfortably beating the forecast of $28.7 billion and improving over the same quarter last year by 122%. Net income came to nearly $16.6 billion, an improvement of 168% over the year earlier figures.
Ask an Advisor: I Feel ‘Uneasy With My Advisor.’ Can I Switch?

Aug 26, 2024 | smartasset.com | Brandon Renfro

How often can I change advisors who manage my assets? I just started in May and I feel uneasy with my advisor. – MaricorI’m sorry to hear that you’re not feeling good about your current advisor. The good news is that while there are some practical limitations to consider, there really aren’t any restrictions on how often you can change financial advisors. Here’s how to evaluate your relationship with your current advisor and what to consider when making a switch to a different one.
ask-an-advisor-wait-to-retire-for-roth-conversions

Aug 18, 2024 | smartasset.com | Brandon Renfro

Because of our income bracket – we make over $350,000 per year – we cannot contribute to a Roth anymore. We’re 61 and 62, and planning to work until at least 67. Do we qualify to convert our 401(k)s into Roths a little at a time or do we have to wait until we retire? -FaribaYou’re right that earning a combined income of $350,000 puts you over the Roth IRA income limit. However, there’s no income limit on conversions. In fact, anyone can convert any amount of tax-deferred savings at any time.
Top 25 Companies by Market Cap

Aug 6, 2024 | smartasset.com | Eric Reed

For most of the 21st century a handful of large tech companies have dominated the stock market. The names have changed from time to time as NVIDIA replaced Netflix, say, or Google and Facebook rebranded to Alphabet and Meta, respectively. But overall, a few companies collectively account for more than a fifth of the market’s entire value. Six companies on the S&P 500 are currently worth more than $1 trillion each: Apple, Microsoft, NVIDIA, Alphabet, Amazon and Meta.
Ask an Advisor: When Will I Get the Most Social Security and My Wife Will Get Her Spousal Benefit?

Aug 6, 2024 | smartasset.com | Brandon Renfro

I am the only eligible Social Security recipient in our marriage. My wife, at this point, will never have enough credits. I am 61 and my wife is 68. At what age would we get the most in Social Security where I get my social Security and my wife gets her spousal amount? – TimTim, the final answer to your question mostly comes down to how long each of you will live. Since you don’t know exactly how long that will be, you’ll obviously need to estimate.