Shares of Shake Shack spiked up 6.4% in after-hours trading after the company raised its forecast for revenue to $189 million to $190 million from $171 million to $174 million. Shake Shack went public in January at $21 a share. Shake Shack’s shares peaked at $92.86 almost four months after the initial public offering but were down 26% over […]
Diamond Foods (NASDAQ:DMND) maker of Emerald Nuts, Pop Secret popcorn and other snack foods spiked 9.72% on volume that was 527% higher than normal touching a new 52-week high at $33.73 and closing at $33.65. The average volume for Diamond Foods has been 210,600 shares per day over the past 30 days. Diamond Foods is now challenging resistance […]
After many years or rising returns, investors of 401(k) will be reminded in their upcoming statements that investments in Wall Street do not always rise. The S&P 500 is down over 8% the last three months and there has been a big increase in volatility. Despite the most recent upheaval in the stock market, the average […]
Leaving your money in your retirement account is the best way to ensure that your money grows enough for you to have a comfortable retirement. Unfortunately, that didn’t stop roughly 30 million Americans from tapping into their retirement accounts for emergency cash last year. Nearly 17 percent of those ages 50 to 64 dipped into […]
Tax policy at the federal level has spurred more companies to explore offering lump sum pension buyouts to their former employees. The Internal Revenue Service recently made the decision to continue using its current life-expectancy calculations until 2017, which will make it cheaper for the companies to offer pension buyouts before the rules change. Offering […]
In 1975 I was issued my very first credit card. It was from Sears and I charged a sewing machine as a gift for someone. I remember specifically how happy I was at the time. You see I was less than a year out of high school and while most of my friends were working […]
The traditional model 403(b) plan is in need of a revamp. Today, 403(b) plan participants have most of their retirement savings in individual annuity contracts or custodial accounts and most have individual relationships with advisers. Unfortunately, this leaves plan sponsors with an unreasonable number of retirement plan providers that are all serving the same plan, […]
Same sex couples across the United States are now eligible for Social Security benefits, according to a statement made the U.S. government. The decision arose from a case regarding two plaintiffs seeking benefits from the Social Security Administration; Kathy Murphy, a widow, and Dave Williams, a widower. They were living in states that did not […]