Author: Arabian Media staff
This article is an on-site version of our FirstFT newsletter. Subscribers can sign up to our Asia, Europe/Africa or Americas edition to get the newsletter delivered every weekday morning. Explore all of our newsletters hereGood morning and welcome back to FirstFT Asia. In today’s newsletter:Nvidia’s ‘shocking’ arrangement with TrumpTrump deploys National Guard in WashingtonHow Pakistan won over the White HouseDonald Trump said he will consider allowing Nvidia to sell a more advanced artificial intelligence chip in China, after confirming he had “negotiated a little deal” to give Washington a share of the chipmaker’s revenues from the country.The latest: Trump said…
Your 401(k) could be one of your biggest assets. But what happens to it after you die? Unlike other parts of your estate, a 401(k) doesn’t get handled through your will. It follows a different path—and if you haven’t paid attention, that path might lead somewhere you didn’t intend. Below, we break down what happens to a 401(k) after death, who gets the money, and what your beneficiaries need to do next. Key Takeaways Your 401(k) passes to the person you name on a beneficiary form—not through your will.Spouses and non-spouses face different rules and tax implications when inheriting a…
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You’ve likely seen TV ads for home warranty plans. If you’re buying an older home, these contracts may be worth considering. Older appliances and systems, like the furnace, water heater, or oven, are more likely to break down. A home warranty can help cover the cost to repair or replace them, which can save you time, money, and stress. Here’s what you need to know about how these contracts work. Key Takeaways Home warranties help pay to repair or replace household appliances and major home systems.You’ll pay a monthly or yearly fee, plus a service fee each time a technician…
A college education is one of the greatest gifts you can give a child. It’s also expensive. For many families, the dream of funding this fun, career-enhancing experience, and ensuring their child’s adult life won’t begin hindered by debt, requires a lot of sacrifice and planning. How Much Should You Save? Scott Bishop, managing director and co-founder of Presidio Wealth Partners, recommends starting at $50 or $100 a month and trying to increase that amount a bit each year. He says the key is starting as soon as the child is born, as there is a lot to save and…
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Warren Buffett and Charlie Munger built Berkshire Hathaway (BRK.A, BRK.B) into a massive empire by prioritizing a qualitative understanding of a business over complex financial modeling. While they certainly used financial ratios and other analytical tools, they didn’t let spreadsheets drive their investment decisions. Instead, these legendary investors focused on something many overlook: Deeply understanding how businesses actually work. This business-first philosophy outperformed the market for decades, challenging the assumption that successful investing requires sophisticated mathematical models. Key Takeaways Buffett and Munger used financial data but prioritized understanding the actual business—its competitive advantages, management quality, and long-term prospects. They invested…
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If you make an early withdrawal from a traditional 401(k) retirement plan, you must pay a 10% penalty on the withdrawal. There are some exceptions to this rule, such as certain health expenses and life events. Learn more below about how to calculate your specific 401(k) early withdrawal penalty. Key Takeaways Participants in a traditional 401(k) plan are not allowed to withdraw their funds until they reach age 59½, with the exception of withdrawing funds to cover some hardships or life events.If you withdraw funds early from a traditional 401(k), you will be charged a 10% penalty, and the money…