Sat.Dec 30, 2023

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Here's the Average Social Security Benefit at Ages 62, 66, and 70

The Motley Fool

Whether you realize it or not, Social Security is an essential source of income for most retirees. It's responsible for pulling roughly 21.7 million people out of poverty each year, including almost 15.4 million adults aged 65 and above. If America's top retirement program didn't exist, the senior poverty rate would be an estimated 38%, as compared to 10% with Social Security (as of March 2022), according to the Center on Budget and Policy Priorities.

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MiB: Jenny Johnson, Franklin Templeton CEO 

The Big Picture

 For our final show of the year, we are rebroadcasting a team favorite — our special 500th episode of Masters in Business; Enjoy! We speak with Jenny Johnson, president and chief executive officer of the Franklin Templeton. Johnson joined the firm in 1988 and held leadership roles in all its major divisions before becoming CEO in February 2020.

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This Dave Ramsey Retirement Advice Is Wrong and Dangerous

The Motley Fool

Image source: Getty Images Popular personal finance expert Dave Ramsey recently gave some retirement advice that made many financial planners shudder. It has to do with Ramsey's definition of a safe withdrawal rate from retirement savings, and to put it mildly, he is suggesting an unsustainable withdrawal rate that could leave retirees broke at a time of their life when they really don't need to be running out of money.

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KKR Announces Completion of Acquisition of Simon & Schuster from Paramount

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the successful completion of the previously announced acquisition of Simon & Schuster from Paramount Global (NASDAQ: PARA, PARAA) in a $1.62 billion all-cash transaction. With the closing of the deal, Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the U.S.

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This Is Warren Buffett's Favorite Artificial Intelligence (AI) Stock. Here's Why.

The Motley Fool

Warren Buffett isn't someone that makes investments based on new technology trends. That doesn't mean he ignores them entirely, though. When asked about artificial intelligence (AI) at Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) shareholder meeting in May, he paraphrased Albert Einstein's comments about the invention of the atomic bomb: "It can change everything in the world, except how men think and behave.

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KKR & Co. Inc. Reports Third Quarter 2023 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today reported its third 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 results.

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KKR announces final result of the voluntary public takeover offer for all outstanding shares of OHB SE

KKR

8 November 2023 - Orchid Lux HoldCo S.à r.l. (“Bidder”), a holding company controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), today announced the final result of the voluntary public takeover offer to shareholders of OHB SE (ISIN: DE0005936124, “OHB”).

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How to Reduce Your Required Minimum Distribution by $105,000 in 2024

The Motley Fool

Investing in traditional style 401(k)s and deductible traditional IRAs is the most efficient way to build a substantial retirement nest egg. Thanks to tax deductions on the money you contribute and tax-deferred growth, you can put more of your money to work, and it can work harder for you during your working years. The downside of those traditional style qualified retirement plans comes when you retire.

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KKR supports InVivo in the global expansion of Malteries Soufflet

KKR

KKR continues to scale its strategic partnership with InVivo and Malteries Soufflet by more than doubling its investment as Malteries Soufflet acquires United Malt, creating the world’s largest maltster

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Should You Buy Value Stocks or Growth Stocks? Warren Buffett's Investing Advice May Come as a Surprise.

The Motley Fool

Investors often group stocks into two broad categories: growth and value. Some even define themselves based on which quality they see as most important. Growth investors generally focus on companies expected to grow sales or earnings more quickly than the market average, while value investors generally focus on companies trading at discounts to their intrinsic values.

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KKR Releases “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime”

KKR

New KKR Report Focuses on Role of Private Markets in Individual Investor Portfolios NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the release of “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime” by Paula Campbell Roberts, Chief Investment Strategist for Private Wealth. This is the first release in Investing for Wealth, a planned.

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A Very Big Change Is Coming to Social Security in 2024 -- and It Will Impact You Even if You Aren't Getting Benefits

The Motley Fool

Social Security has clearly been around for a long time. So, you might assume that the program's rules have long been set in stone. But actually, Social Security tends to undergo yearly changes based on factors like inflation and wage growth. And some of those changes have the potential to impact seniors in a very meaningful way. Image source: Getty Images.

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KKR to Present at the Goldman Sachs 2023 US Financial Services Conference

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023 at 8:40AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For those.

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3 Essential Tools for Finding Affordable Business Class Seats

The Motley Fool

Image source: Getty Images Business class seats often give travelers more comfort when flying to their destination, with larger seats, more personalized service, airport lounge access, and better food. But all those perks come at a price -- business class seats can easily cost thousands of dollars. Thankfully, some services and websites make it much easier to find deals on business class seats that won't break the bank or max out your credit card.

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KKR Acquires Potter Global Technologies

KKR

All Employees to Become Owners in the Company ST LOUIS, Mo. & NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Potter Global Technologies (“Potter” or the “Company”), a leading manufacturer of fire and life safety equipment, from Gryphon Investors. KKR plans to support the Company in its continued growth.

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2 Ultra-High-Yield Dividend Stocks Billionaires Are Buying Left and Right. Could They Be Smart Buys for You in 2024?

The Motley Fool

If you want to learn to become a better golfer, you can watch professionals compete, but the same can't be said for investing. Billionaire investors spend most of their time learning about the companies and industries they invest in, which doesn't make for great television. Everyday investors might not get to watch billionaire money managers perform their craft for a live audience, but they can come close.

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KKR to Acquire Remaining 37% of Global Atlantic for $2.7 Billion in All-Cash Transaction

KKR

Closer Coordination and Alignment Expected to Further Accelerate Growth of Both KKR and Global Atlantic KKR Announces Other Strategic Initiatives to Benefit Shareholders KKR and Global Atlantic to Host a Conference Call at 10:00 a.m. EST NEW YORK & HAMILTON, Bermuda--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) and Global Atlantic Financial Group LLC (“Global Atlantic” or “GA”) today announced.

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How Does Buying a Home in a Foreclosure Auction Work?

The Motley Fool

Image source: Getty Images If a home goes into foreclosure, it is typically sold at an auction. The process by which this happens can vary slightly from state to state, but there are some common things that you can expect no matter where you live if you're buying a foreclosed home at an auction. Here's what you need to know about how the process works.

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KKR, Hologic and Ajax Health Create New Platform to Accelerate Medical Device Innovation

KKR

Platform Will Focus on Technologies to Detect Lung Cancer, the Leading Cause of Cancer Deaths NEW YORK & MARLBOROUGH, Mass.--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced a new platform established with investments from KKR and Hologic, Inc. (Nasdaq: HOLX), a global leader in women’s health and medical technology innovator.

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3 High-Yielding Dividend Stocks to Buy and Hold for Years

The Motley Fool

If you want to earn a good return in the markets without taking on too much risk, you may want to consider loading up on dividend stocks. These investments are typically underpinned by companies with strong financials. And they can provide you with not only long-term stability but also some recurring income over the years. Three stocks that pay you more than the S&P 500 average yield of 1.5% and are relatively safe investments for the long haul are Southern Company (NYSE: SO) , Coca-Cola (NY

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KKR Expands DACH Presence With New Office In Zurich

KKR

Zurich, 7 December 2023 – KKR, a leading global investment firm, today announced the opening of a new office in Zurich, Switzerland, solidifying its presence in one of the world's most important institutional and wealth management centers. The KKR office opens with individuals representing KKR’s Global Client Solutions team and will also serve as a Swiss base for investment professionals covering the DACH region.

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2 Unstoppable Artificial Intelligence (AI) Stocks Up 159% and 217% in 2023 to Buy in 2024

The Motley Fool

Artificial intelligence (AI) swept investors into a frenzy in 2023. It all started with Microsoft 's $10 billion bet in January on generative AI start-up OpenAI, which develops the famous ChatGPT online chatbot. Then in September Amazon invested $4 billion in OpenAI rival Anthropic. But those trillion-dollar tech giants weren't the only ones scooping up AI assets.

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Ajax Health Establishes Cortex, a Comprehensive AFib Ablation Technology Company, with $90 Million Investment Led by KKR and Hellman & Friedman

KKR

MENLO PARK, Calif., Dec. 7, 2023 /PRNewswire/ -- Ajax Health announced today the formation and funding of Cortex, a medical technology company developing an integrated mapping and ablation solution suite for the treatment of atrial fibrillation (AFib), the most common heart rhythm disorder, affecting more than 30 million patients worldwide. Cortex has raised $90 million in funding commitments led by KKR and Hellman & Friedman (H&F) with participation by other investors including AI Life

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Would a Macy's Buyout Be a Miracle on 34th Street?

The Motley Fool

In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: The potential for Macy's going private. If department stores are going the way of the dodo. What could change the regulatory climate for big deals. Motley Fool host Ricky Mulvey and contributor Matt Frankel dive into Boston Omaha , a company that could be poised to be the next great conglomerate.

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KKR Appoints Dane E. Holmes as Chief Administrative Officer

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced the appointment of Dane E. Holmes as Chief Administrative Officer (CAO), effective December 29, 2023. As CAO, he will join the firm’s leadership team and oversee and work with the existing leaders of a number of key functions, including KKR’s Human Capital, Communications, Marketing, Sustainability, and Citizenship teams.

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1 Outdated Retirement Rule You'll Want to Forget ASAP, and 1 to Use Instead

The Motley Fool

Most of us realize that we need to save and invest for retirement, because Social Security alone isn't likely to support us sufficiently. (Indeed, the average monthly Social Security retirement benefit was just $1,845 as of November 2023 -- amounting to just $22,000 annually.) But how much should you be socking away for your future? One common rule of thumb has been to save 10% of your income.

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KKR Releases 2024 Global Macro Outlook

KKR

Henry McVey: Investors Should Approach Markets with a ‘Glass Half Full’ Lens NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released its 2024 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).

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1 Warren Buffett Dividend Stock for Passive Income Investors to Buy Hand Over Fist for 2024

The Motley Fool

Fool.com contributor Parkev Tatevosian selects one dividend stock from Warren Buffett's Berkshire Hathaway portfolio that will make an excellent purchase for passive income investors. *Stock prices used were the afternoon prices of Dec. 28, 2023. The video was published on Dec. 30, 2023. Should you invest $1,000 in Coca-Cola right now? Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investor

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KKR acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO purchased approximately $6.4 billion of senior notes.

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My Top ETF to Buy for 2024 (and It's Not Even Close)

The Motley Fool

When scanning the market for a top exchange-traded fund (ETF) to buy for the new year, choosing a beaten-down sector or theme is usually a great bet. In 2022, the consumer discretionary sector, tech, and communications suffered steep sell-offs. And with so many quality names in those sectors, they were good picks for 2023. But investors looking for value and income might find the market's high valuation of many growth-orientated sectors off-putting.

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ETCHE SELLS THE GALLIC PORTFOLIO, CONSISTING OF FIVE ASSETS IN THE LYON REGION

KKR

Paris, 18 December 2023 - Etche, KKR’s logistics real asset platform in France, has sold a portfolio of five assets located in the Lyon region, with a total area of approximately 29,000 square meters.

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These 2 Social Security Rules Won't Change in 2024. Here's Why That Might Surprise Many Seniors.

The Motley Fool

It seems like the rules about Social Security and retirement are changing just about every year. From increases in full retirement ages to cost-of-living adjustments , there's a bevy of information for retirees and near-retirees to pay attention to at the end of every year. And 2024 is no different. Seniors will see their fair share of rule changes , and some could even come as a surprise.

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

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced a monetization activity update for the period from October 1, 2023 to December 21, 2023. Based on information available to us as of today, with respect to the period through December 21, 2023, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $500 million.

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Was FedEx's Quarter Really That Bad? Was the Comcast Data Breach Really Not That Bad?

The Motley Fool

In this podcast, Motley Fool analyst Tim Beyers and host Dylan Lewis discuss: Why you might not be able to buy the Apple Watch soon in the U.S. Comcast 's data breach affecting more than 30 million customers. FedEx 's latest results and why they might be better than the market thinks. Motley Fool host Mary Long caught up with Kristy Akullian, senior member of the iShares investment strategy team at BlackRock , for a look at her team's 2024 outlook and one country to keep an eye on.

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