Image source: Getty Images A Self-Invested Personal Pension (SIPP) is the secret financial weapon that helps some people enjoy a far more financially secure retirement than they otherwise would do. But millions of people are not making the most of the opportunities a SIPP potentially offers them. Here are three positive moves they could make to try and change that. 1. Put in more money Lots of investors obsess about the annual contribution allowance for their Stocks and Shares ISA. Yet many do not seem to pay anything like as much attention to the question of how much they can,…
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Image source: Getty Images This month’s quarterly review by FTSE Russell was a damp squib. There were no changes to the FTSE 100 index. To claim a prized place in Britain’s leading benchmark, a UK company needs to have a sufficient market cap to leapfrog a FTSE 100 constituent. The next opportunity for Footsie promotion comes in September’s reshuffle. I was curious which UK shares ChatGPT backs for potential inclusion in the blue-chip index. Here’s what the artificial intelligence (AI) chatbot said. There are advantages to being a FTSE 100 member. A business can benefit from increased investor demand due…
Image source: Getty Images A Stocks and Shares ISA can be a practical way to generate passive income. Not only can the dividends paid by shares add up, but the income may also be tax-free dependent on one’s tax status. Here is how, over the long term, an ISA with £20,000 in it could be used to target an average monthly passive income of £762. Please note that tax treatment depends on the individual circumstances of each client and may be subject to change in future. The content in this article is provided for information purposes only. It is not…
ROCHESTER — A pair of public hearings Monday will make way for potential financing of two planned affordable housing projects in Rochester.The Rochester City Council will accept input on requests to issue tax-exempt Housing Revenue Bonds for a 76-unit complex planned at the southwest corner of the existing Civic Center North Parking Lot, 217 E. Center St., and the first phase of a 141-unit complex south of Civic Center Drive near Fifth Avenue Northwest. Both projects are seeking tax-exempt financing and state tax credits to produce apartments that will include units with rent deemed affordable to households earning 50% of…
Image source: Getty Images Premium content from Motley Fool Hidden Winners UK Our monthly Best Buys Now are designed to highlight our team’s three favourite, most timely Buys from our growing list of small-cap recommendations, to help Fools build out their stock portfolios. “Best Buys Now” Pick #1: Bloomsbury Publishing (LSE:BMY) Why we like it: “Bloomsbury’s (LSE: BMY) best known for being the publisher of the Harry Potter series of books in the UK. The books continue to be bestsellers some 26 years after the boy wizard’s first appearance. Much like share investors hoping to spot the next Microsoft before…
Image source: Getty Images The FTSE 100 is a brilliant source of passive income. Today, it’s packed with dividend-paying blue-chip stocks including one of my favourites, Legal & General Group (LSE: LGEN). This is a share I hold myself, and I’m dazzled by how much income it pays. It currently yields a stunning 8.45% – more than twice a best-buy savings account rate. Even better, that figure should rise over time as Legal & General increases its shareholder payouts. It hiked its dividend by 5% to 21.36p per share in 2024 and now plans to lift it by 2% annually…
Image source: Getty Images In the UK, the full new State Pension is £230.25 a week, or a total of £11,973 a year. That’s certainly a nice chunk of change to help out during retirement. But sadly, it doesn’t come close to what’s needed to live comfortably. According to the Pensions & Lifetime Savings Association, a pensioner needs to have an income of at least £43,900 a year to enjoy financial freedom once retirement comes a-knocking. The good news is investing just £500 a month can potentially help close the £31,927 gap when starting early. Earning £32,000 passively Let’s start…
Image source: Getty Images Recently, I was thinking about what in my Stocks and Shares ISA and Self-Invested Personal Pension (SIPP) I’d hold on to if I couldn’t touch these investment accounts for 10 years. My goal was to assess the true long-term conviction I have in my current holdings. It wasn’t an easy exercise. Because today, technology’s reshaping industries at an alarming pace and all kinds of companies in my portfolio are seeing their business models disrupted. However, I did identify a handful of businesses I’m confident will still be dominating in a decade’s time. Here’s a look at…
Oaktree Capital have managed to repay the bond of Inter Milan in full by agreeing refinancing with new sources.Gazzetta.it report that the Nerazzurri owners have obtained a more advantageous interest rate than the 6.750% rate of the existing bond.Inter Milan have announced the repayment of the entirety of their bond.The total amount of the bond had been €400 million. However, with the interest, the total amount that the Nerazzurri owed to bond holders came to €412 million.How Oaktree Capital Have Refinanced Inter Milan BondInter Milan’s bond had a maturity in February of 2027. Therefore, it is notable that the club…
Image source: Getty Images While hunting for high-yield opportunities on the FTSE All-Share, I recently identified two cheap shares that look undervalued. For income-focused investors, finding companies offering both strong dividends and modest valuations can be a powerful combination. I tend to look for businesses with low price-to-earnings (P/E) ratios, high dividend yields and solid free cash flow. These are often signs the market has overlooked potential value. After some digging, two stocks caught my attention: MAN Group (LSE: EMG) and International Personal Finance (LSE: IPF). MAN Group MAN Group’s one of the world’s largest publicly-listed hedge fund firms with…