The average advertised rent outside of London has dropped by 0.2% to £1,341 per month, with supply increasing and demand decreasing. However, rents in London continue to rise slowly, reaching a record of £2,695 per month. Landlords may face challenges due to tax restrictions and new rules, but the rental market remains robust with high demand and stable supply, offering potential investment opportunities with cheaper mortgage deals and rising property prices expected.
Full Article
Taking Your Required Minimum Distribution (RMD) Right Now Could be a Brilliant Move for Retirees
Investing in retirement accounts like IRAs and 401(k)s offers tax advantages, as contributions are tax-deductible and earnings are tax-deferred until withdrawal. However, starting at age 73, individuals must take required minimum distributions (RMDs), which can create a tax burden if reinvested improperly. Taking RMDs during market downturns can be beneficial, as it allows investors to withdraw more shares, reinvest them in taxable accounts for potentially lower capital gains taxes, and reduce future RMDs. Full Article
Read more