Portfolio

Retirees who turned 70 1/2 in 2016 have until April 1 to take required minimum distributions from their tax-deferred retirement accounts.

He held on, even as redemptions at the Pershing Square Capital Management fund mounted into the hundreds of millions.

Many seniors are unaware that Medicare premium payments are deductible, while their spouses who are still working can contribute to a spousal IRA and reduce their taxable income.

The funds have accounted for 27% of all trades since the election, 3 percentage points above average.

The regional broker-dealer has added at least a dozen ex-wirehouse advisers so far this year.

In one of the biggest bull markets in recent history, some mutual funds are still cheap by historical measures.

The firm’s equity partner channel added five breakaway wirehouse teams last year and 64 since 2008.

Two more increases are projected for this year, signaling more vigilance as the target approaches.

“Trump keeps talking about a new spirit for America and so you could (A) believe that or (B) you could believe that other investors believe that,” the widely followed economist says.

Too many wirehouse brokers believe they won’t have access to sophisticated lending solutions if they break away. They’re wrong.