Sat.Mar 30, 2024

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Here's the Average Retirement Savings for 55- to 64-Year-Olds

The Motley Fool

The average American household thinks it needs nearly $1.3 million to retire comfortably. Unfortunately, most Americans approaching retirement aren't anywhere close to that number. While workers have a lot of opportunities to catch up on their savings in their late 50s and early 60s, most of these near-retirees may find their retirement accounts coming up short of their goals.

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10 Weekend Reads

The Big Picture

The weekend is here! Pour yourself a mug of coffee, grab a seat by the fire, and get ready for our longer-form weekend reads: • Are Yor Rich? Billionaires know they are. Low-wage workers are very well aware that they aren’t. But vast swaths of America’s “regular rich” don’t feel that way, and it’s keeping everybody down. ( Bloomberg ) • Famously Obstinate, Bill Ackman Is Now Real-Life Famous.

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1 Unstoppable Growth ETF to Turn $200 per Month Into $704,000

The Motley Fool

Investing in exchange-traded funds (ETFs) can be a fantastic way to generate wealth with minimal effort. Each ETF may contain dozens or hundreds of different stocks, taking much of the guesswork and research out of where to buy. Growth ETFs, in particular, are designed to earn above-average returns over time. The stocks in these types of funds have the potential for faster-than-average growth, so these ETFs are more likely to beat the market.

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KKR & Co. Inc. Reports Fourth Quarter 2023 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today reported its fourth quarter 2023 results, which have been posted to the Investor Center section of KKR’s website at [link] This press release features multimedia. View the full release here: [link] A conference call to discuss KKR’s financial.

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Huge News for Boeing Stock

The Motley Fool

It has been a chaotic time to own shares of Boeing (NYSE: BA) stock. Since the tragic and deadly crashes of its aircraft in 2018, the company has been consistently in turmoil. Some events -- such as the COVID-19 pandemic shutdowns -- were out of its control, but most of this has been self-inflicted. Airline customers and flyers are worried about the quality of its aircraft, and rightfully so, as we saw earlier this year when a door flew off an Alaska Airlines aircraft 10,000 feet in the sky.

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KKR to Present at the Bank of America Securities Financial Services Conference 2024

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities Financial Services Conference 2024 on Wednesday, February 21, 2024 at 10:30AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For.

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KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024

KKR

New Asset Allocation Report Based on Proprietary Survey Highlights the Growth Ambitions of Family Offices NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA). Based on a proprietary survey of more than 75 Chief Investment Officers.

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A Lifetime of Passive Income Is Hiding in Plain Sight

The Motley Fool

Most of us go to a retail store at least once a week. We shop for groceries, pick up a prescription, grab snacks, or buy something to tackle a repair project. We're often so focused on the money we're spending that we don't see the income potential hiding in plain sight. Investing in retail real estate can be a great way to generate passive income that can last a lifetime.

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KKR Leads Financing for Clarience Technologies’ Acquisition of Safe Fleet

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that it served as Lead Arranger, Administrative Agent, and investor on a debt financing for Clarience Technologies’ Acquisition of Safe Fleet. KKR invested in the transaction through its credit vehicles and accounts. KKR Capital Markets acted as Left Lead Arranger and Joint Bookrunner on the transaction.

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Forget Apple: I Think This Stock Should Replace It in the "Magnificent Seven"

The Motley Fool

The "Magnificent Seven" stock club is almost a year old now, and some of the predictions that originally inspired it are playing out as expected. The "baby bubble" that Bank of America analyst Michael Hartnett foreshadowed in May 2023 is losing some air. I'm looking at you, Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL). The electric vehicle pioneer and the iPhone maker have underperformed the S&P 500 (SNPINDEX: ^GSPC) index since the term Magnificent Seven entered Wall Street's lexicon.

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KKR to Acquire Broadcom’s End-User Computing Division

KKR

MENLO PARK, Calif.--(BUSINESS WIRE)-- KKR today announced the signing of a definitive agreement with Broadcom Inc. (NASDAQ: AVGO) to acquire its End-User Computing Division (the “EUC Division”) in a transaction valued at approximately $4 billion. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital and a dedicated strategic.

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Joe Biden Wants to Tax the Rich to Save Social Security, but This Isn't as Cut-and-Dried a Solution as You Might Think

The Motley Fool

For a majority of future retirees, Social Security will play a key role in their financial well-being. We know this because more than two decades of annual surveys from national pollster Gallup have shown that between 76% and 88% of non-retirees expect to rely on their Social Security benefit , in some capacity, to make ends meet during their golden years.

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KKR Appoints Ruchir Swarup as Chief Information Officer

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced the appointment of Ruchir Swarup as a Partner and Chief Information Officer, effective immediately. In this role, Mr. Swarup will be responsible for driving KKR’s technology strategy and vision. Based in New York, Mr. Swarup will lead the firm’s efforts to embrace new technologies and scale existing technology to create efficiencies and reduce.

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Real Estate News and a Retail Rundown

The Motley Fool

In this podcast, Motley Fool host Dylan Lewis and analysts Andy Cross and Matt Argersinger discuss: The National Association of Realtors agreeing to over $400 million in fines and to eliminate its commission rules. Why AI is pushing Oracle up and Adobe down after earnings. The numbers behind Williams-Sonoma 's 18% spike. Kevin Plank's return to Under Armour.

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HarbourView Equity Partners Secures Close to $500 Million in Debt Financing from KKR and Other Investors to Expand Music Investment Opportunities

KKR

NEWARK, N.J.--(BUSINESS WIRE)--HarbourView Equity Partners (HarbourView), an industry-leading alternative asset management company focused on investment opportunities in the sports, media and entertainment space, has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties.

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3 Reasons to Buy Procter & Gamble Stock Like There's No Tomorrow

The Motley Fool

Does your portfolio need more exposure to the relatively safe consumer staples sector? How about dividend income? Maybe you're even considering a stake in The Procter & Gamble Company (NYSE: PG) but can't quite convince yourself to take the plunge. That's certainly understandable. The stock isn't cheap right now, and it's not like there's a ton of growth opportunity for this already-enormous outfit.

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KKR to invest in Encavis AG to accelerate the Company’s long-term growth

KKR

KKR announces the signing of an Investment Agreement with Encavis as part of a takeover offer. The Management Board and the Supervisory Board of Encavis are fully supportive of the strategic partnership and intend to recommend that all shareholders accept the offer.

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I Just Put Some of My Kids' College Savings Into a CD. Here's Why

The Motley Fool

Image source: Getty Images When you're saving for a far-off goal, it's usually a good idea to put your money into stocks, as opposed to keeping it in cash in the bank. That's because the stock market has a long history of delivering solid returns -- much higher returns than savings accounts and certificates of deposit (CDs). In fact, over the past 50 years, the stock market has averaged an annual return of 10%.

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KKR to support Ottobock with capital solution

KKR

London and Frankfurt, 15 March, 2024 – KKR, a leading global investment firm, announces today that a consortium of investors, co-led by KKR, has agreed to provide a €1.1 billion financing solution to support the future growth of Ottobock (the “Company”), a global market leader in prosthetics. The financing will also support existing majority shareholder Professor Hans Georg Näder and the Näder Family’s buy back of EQT’s shareholding in the business.

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2 Tech Stocks That Are Still No-Brainer Bargains

The Motley Fool

The stock market is off to a great start this year, with the S&P 500 index up about 10% in just a few months. As stock prices rise, genuine bargains are becoming tougher to come by. However, there are still a few stocks that look like great deals. AT&T (NYSE: T) and International Business Machines (NYSE: IBM) have rallied along with the market, but the stocks offer great value to investors hunting for bargains.

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KKR Invests in Avantus to Support Renewable Energy Deployment in the United States

KKR

Transaction Marks First U.S. Investment from KKR’s Global Climate Strategy NEW YORK--(BUSINESS WIRE)-- Today, KKR, a leading global investment firm, announced the signing of a definitive agreement pursuant to which investment funds and accounts managed by KKR agreed to acquire a majority stake in Avantus, a premier U.S. developer of large utility-scale solar and solar-plus-storage projects.

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This Tax Rule Can Make Cashing Out Your 401(k) a Nightmare. Here's How to Avoid It.

The Motley Fool

When you're leaving a job, it's only natural to want to take your 401(k) funds with you. It's your money, after all, and leaving it behind can have unpleasant consequences. Your savings might not grow quickly due to high fees, or you could forget about the account altogether. It might seem simplest to cash out the account and deposit it elsewhere, but there's a major problem with this approach.

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KKR Announces Intra-Quarter Monetization Activity Update for the First Quarter

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced a monetization activity update for the period from January 1, 2024 to March 21, 2024. Based on information available to us as of today, with respect to the period through March 21, 2024, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $350 million.

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Visa and Mastercard Are Lowering Their Swipe Fees. Is Lower Revenue on the Way?

The Motley Fool

Credit card processing networks Visa (NYSE: V) and Mastercard (NYSE: MA) announced bombshell news last week that could significantly affect their businesses. They agreed to settle a lawsuit with merchants, almost 20 years in the making, to lower their swipe fees, the amount they charge merchants for processing credit and debit card transactions. Let's go through the details to see how it could affect investors.

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KKR & Co. Inc. Announces 2024 Investor Day

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) will hold an investor day for the investment community on Wednesday, April 10, 2024 with remarks from 8:00 am to 1:00 pm EDT. The day will feature presentations by KKR’s business leaders. A live webcast as well as related presentation materials will be available to all interested parties through the Investor Center section of KKR’s website.

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This Is the Average Social Security Benefit for Age 62

The Motley Fool

You can start collecting Social Security benefits as early as 62. But you won't be eligible for your full benefit until you reach full retirement age, which is 67 for anyone born in 1960 or later. Collecting benefits as soon as you're eligible may be tempting after paying into Social Security for several decades. But taking Social Security early will permanently reduce the size of your monthly checks.

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Weave Living and KKR Establish Urban Living Strategic Partnership in South Korea

KKR

The venture will target to build an initial portfolio of c.1,200 units primarily in Seoul SEOUL, South Korea--(BUSINESS WIRE)-- WEAVE LIVING (“Weave”), Asia Pacific’s preeminent living sector specialist, and KKR, a leading global investment firm, today announced the establishment of a strategic partnership to invest in rental housing assets in South Korea, with a focus on Seoul.

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Intel's Lunar Lake Could Be a Threat to Apple's MacBooks

The Motley Fool

Apple (NASDAQ: AAPL) , by virtue of controlling both the hardware and software for its MacBooks, can eke out performance and efficiency that Windows laptops generally cannot. Apple's switch from Intel (NASDAQ: INTC) CPUs to its own homegrown CPUs has given it even more firepower to widen the gap between its products and the competition. Intel made progress closing that gap with its Meteor Lake laptop chips , which launched in December.

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KKR & Co. Inc. Reports Fourth Quarter 2023 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today reported its fourth quarter 2023 results, which have been posted to the Investor Center section of KKR’s website at [link] This press release features multimedia. View the full release here: [link] A conference call to discuss KKR’s financial.

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Making This Medicare Mistake Can Cost You Many Thousands of Dollars

The Motley Fool

As you approach and enter retirement, there are some important ages to be aware of. For example, your full retirement age, at which you're able to start receiving the full benefits you're entitled to based on your earnings history, is 67 for those born in 1960 or later. (Despite that, you're able to start collecting smaller benefit checks as early as age 62 or bigger ones if you delay up to age 70 -- so you'll need to think through the issue of when to claim Social Security carefully.

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KKR to Present at the Bank of America Securities Financial Services Conference 2024

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities Financial Services Conference 2024 on Wednesday, February 21, 2024 at 10:30AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For.

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Nvidia Stock Soared 82.5% in the 1st Quarter of 2024 -- Here's What Drove the Leading AI Stock

The Motley Fool

Nvidia (NASDAQ: NVDA) stock soared 82.5% in the first quarter of 2024. (The market's quarter ended on Thursday, as U.S. financial markets were closed on Friday for the Good Friday holiday.) That performance made the artificial intelligence (AI) chip leader the second-best performer on the S&P 500 index, behind only Super Micro Computer , a server specialist that's also benefiting from strong demand for AI products and services.

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KKR’s Henry McVey Says Leading Family Offices Plan to Allocate More to Alternatives in 2024

KKR

New Asset Allocation Report Based on Proprietary Survey Highlights the Growth Ambitions of Family Offices NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released “Loud and Clear,” a new Insights piece by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA). Based on a proprietary survey of more than 75 Chief Investment Officers.

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1 Artificial Intelligence Stock You Don't Want to Overlook

The Motley Fool

Artificial intelligence (AI) is growing like crazy, but there are very few companies making a profit on AI today. One exception is Matterport (NASDAQ: MTTR) , which has been using AI for a decade and recently announced some new advancements in the technology. In this video, Travis Hoium interviews Matterport CEO RJ Pittman and asks about the future of AI at Matterport.

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