Fantex gives people the ability to invest in the future earnings of professional athletes. Financial advisers, however, caution that these untested securities merit at most a small role in the “play money” part of a portfolio.
Wall Street is increasingly skeptical about the pace of Federal Reserve interest-rate increases this year, the latest blow to the central bank’s yearslong efforts to unwind its easy-money policies and return the economy to a normal footing.
As the long-term budget outlook has improved, the U.S. has gained some breathing room on the debt. But, Greg Ip writes, that doesn’t mean the U.S. should continue unrestrained borrowing without attacking the biggest contributors to the debt over the longer term.
Most people overlook health-savings accounts, or HSAs, as a retirement-savings vehicle. But these accounts come with more tax advantages than 401(k)s when used to cover medical costs, a major expense in retirement.