Home Blog Page 138

Study Finds That A $1.2 Million Retirement and a $4 Million Retirement Look Almost Identical In Terms Of Spending

0
Study Finds That A $1.2 Million Retirement and a $4 Million Retirement Look Almost Identical In Terms Of Spending


Quick Read

  • JPMorgan and Morningstar data show that retirees with portfolios ranging from $1.2M to $4M tend to cluster in the same annual spending band of $70K to $120K.

  • Boldin’s data reveals median retirement income climbs just $16K between the $1M and $5M-plus tiers, showing wealth barely drives higher spending.

  • Time and energy run out before money does, so wealthier retirees upgrade quality of spending rather than volume, keeping total outlays in the same range.

  • Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and JPMorgan Chase didn’t make the cut. Grab the names FREE today.

A $1.2 million retirement and a $4 million retirement do not look nearly as different as the balances suggest. Across the Federal Reserve Survey of Consumer Finances, JPMorgan (NYSE:JPM)’s 2026 Guide to Retirement, and Boldin’s planning data, households with seven-figure net worth cluster in the same annual spending band whether their portfolio sits near $1 million or well past $3 million.

Prostock-studio / Shutterstock.com

The convergence figure is $70,000 to $120,000 a year in retirement spending for $1 million-plus households. That range holds across three very different measurement approaches: the Fed’s household balance-sheet survey, JPMorgan’s actuarial spending analysis, and Boldin’s user-level planning platform. Context matters here. Roughly three out of four $1 million-plus households sit between $1 million and $3 million in net worth. Millionaire retirees, as a group, are mostly ordinary savers, with net worth well below the $10 million-plus ultra-wealthy tier.

Why Spending Refuses to Scale

Core costs stay roughly fixed. Housing, food, and healthcare cost about the same whether your portfolio is $1.5 million or $4 million. Time and energy run out before money does, and wealthier retirees typically change how they spend (better quality, more health-focused choices) before they change how much.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and JPMorgan Chase didn’t make the cut. Grab the names FREE today.

Consider the hypothetical couple Boldin uses to illustrate the pattern. Grant and Priya retire at 67 and 65 with $1.5 million invested and a combined $45,000 in Social Security. They arrive at about $105,000 a year in spending without ever targeting that figure. The arithmetic underneath is straightforward. Married couples in this wealth tier often collect a combined $40,000 to $70,000 in Social Security, well above the roughly $25,000 an average single retired worker collects. A $1.5 million portfolio at a 4% withdrawal rate produces about $60,000 a year, which combined with Social Security lands many households at $100,000 to $110,000 annually before any deliberate lifestyle decisions. The 2.8% Social Security COLA for 2026 reinforces that benefit as an inflation-adjusted floor.



Source link

Iran-linked crypto network moved $4B through Dubai exchange

0
Iran-linked crypto network moved $4B through Dubai exchange

“This is by far the biggest Iranian illegal gambling network ever discovered and one of the biggest in the world,” said John Wojcik, a former researcher at Infoblox and now senior analyst at TRM Labs, who spent seven years investigating illegal gambling for the United Nations Office on Drugs and Crime.

It is also one of the largest Iranian sanctions-evasion networks discovered since 2016, when the U.S. broke up a roughly $20 billion IRGC gold-for-oil operation based in Turkey. Separately, the U.S. seized $1 billion in crypto from Iran in May.

“It’s an IRGC operation, and that’s plain as day,” Rich Sanders, an independent blockchain researcher and investigator focused on Iran, said of Shelbit. Reuters said it could not determine whether the IRGC directly controlled Shelbit or the gambling network.

The IRGC, founded in 1979, is the country’s most powerful and influential military, political and economic institution that answers directly to the country’s supreme leader, Mojtaba Hosseini Khamenei.

Shelbit also interacts directly with Iran’s central bank, wallets linked to the IRGC by the Israeli government, and Nobitex, an Iranian exchange that the U.S. government sanctioned earlier this year after a Reuters investigation revealed its ties to the government. Some of the crypto flowing to Shelbit came from what the two investigative firms described as an Iranian bitcoin mining operation that creates new digital coins.



Source link

Mortgage and refinance interest rates today, Friday, July 31, 2026: Mortgage rates find more room to fall

0
Mortgage and refinance interest rates today, Friday, July 3: Rates mostly higher again today


According to the Zillow lender marketplace, mortgage rates continue to have more room to fall following this week’s Fed meeting, which left the federal funds rate unchanged.

The average 30-year fixed rate today, Friday, July 31, 2026, is 6.55%, down 10 basis points since yesterday. The 15-year fixed loan is currently at 6.03%, 4 basis points lower than yesterday. The 5/1 ARM is 6.42%, 16 basis points lower than on Thursday.

Read more: Weekly survey of mortgage lenders with the lowest rates: Pushing higher

Here are the current purchase rates, according to the latest Zillow data, for Friday, July 31, 2026:

  • 30-year fixed: 6.55%

  • 20-year fixed: 6.26%

  • 15-year fixed: 6.03%

  • 5/1 ARM: 6.42%

  • 7/1 ARM: 6.21%

  • 30-year VA: 5.99%

  • 15-year VA: 5.59%

  • 5/1 VA: 5.83%

Remember, these are national averages and have been rounded to the nearest hundredth. 

These are the latest refinance rates, according to the latest Zillow data, for Friday, July 31, 2026:

  • 30-year fixed: 6.76%

  • 20-year fixed: 6.33%

  • 15-year fixed: 6.11%

  • 5/1 ARM: 6.86%

  • 7/1 ARM: 6.52%

  • 30-year VA: 6.16%

  • 15-year VA: 5.74%

  • 5/1 VA: 5.65%

Again, the numbers provided are national averages rounded to the nearest hundredth. Mortgage refinance rates are often higher than rates when you buy a house, although that’s not always the case.

Learn more: Dig deeper into the 7 home refinance options

Your mortgage rate plays a large role in how much your monthly payment will be. Use this mortgage calculator to see how your mortgage amount, rate, and term length will impact your monthly payments:

Mortgage payment calculator

Mortgage payment breakdown

81% Principal & interest

$2,164




You can bookmark the Yahoo Finance mortgage payment calculator and keep it handy for future use, as you shop for homes and the best mortgage lenders.

A mortgage interest rate is a fee for borrowing money from your lender, expressed as a percentage. You can choose from two types of rates: fixed or adjustable.

A fixed-rate mortgage locks in your rate for the entire life of your loan. For example, if you obtain a 30-year mortgage with a 6% interest rate, your rate will remain at 6% for the entire 30-year term unless you refinance or sell.

An adjustable-rate mortgage locks in your rate for a predetermined period and then adjusts it periodically. Let’s say you get a 7/1 ARM with an introductory rate of 6%. Your rate would be 6% for the first seven years, then the rate would increase or decrease once per year for the last 23 years of your term. Whether your rate goes up or down depends on several factors, such as the economy and housing market.

At the beginning of your mortgage term, most of your monthly payment goes toward interest. Your monthly payment toward mortgage principal and interest stays the same throughout the years. However, less and less of your payment goes toward interest, and more goes toward the mortgage principal or the amount you originally borrowed.

Read more: Determine whether an adjustable-rate vs. fixed-rate mortgage is better for you

A 30-year fixed-rate mortgage is a good choice if you want a lower mortgage payment and the predictability that comes with having a fixed rate. Just know that your rate will be higher than if you choose a shorter term, and you will pay significantly more in interest over the years.

You may want to consider a 15-year fixed-rate mortgage if you aim to pay off your home loan quickly and save money on interest. These shorter terms come with lower interest rates, and since you’re cutting your repayment time in half, you’ll save a lot in interest in the long run. But you’ll need to be sure you can comfortably afford the higher monthly payments that come with 15-year terms.

Read more: Learn how to decide between a 15-year and 30-year fixed-rate mortgage

Typically, an adjustable-rate mortgage might be suitable if you plan to sell before the introductory rate period ends. Adjustable rates usually start lower than fixed rates, and then your rate will change after a predetermined amount of time. However, 5/1 and 7/1 ARM rates have been similar to (or even higher than) 30-year fixed rates recently. Before getting an ARM just for a lower rate, compare your rate options from term to term and lender to lender.

Yes, they are. The average 30-year fixed rate today, Friday, July 31, 2026, is 6.55%, down 10 basis points since yesterday. The 15-year fixed loan is currently at 6.03%, 4 basis points lower than yesterday. The 5/1 ARM is 6.42%, 16 basis points lower than on Thursday.

According to Freddie Mac, the average 30-year mortgage rate was 6.66% through Wednesday, up from 6.58% a week earlier. A year ago, the average 30-year mortgage rate was 6.72%.

According to the latest forecasts, the MBA expects the 30-year mortgage rate to average 6.5% through 2026. Fannie Mae predicts a 30-year rate of 6.4% through the end of the year.

Mortgage rates are likely to remain little changed in 2027. The MBA forecasts 30-year fixed rates of 6.5% for all of 2027. However, Fannie Mae is more optimistic, predicting average rates will be between 6.2% and 6.3% throughout 2027. 



Source link

Blockchain Life Returns to Dubai: Featuring the Debut of AI Future!

0
Blockchain Life Returns to Dubai: Featuring the Debut of AI Future!


On December 1–2, 2026, Blockchain Life 2026 returns to Dubai for one of the world’s largest gatherings focused on Web3, cryptocurrency, mining, and AI. 

The event will bring together 15,000+ attendees from 130+ countries, 200+ world-class speakers, 200+ booths at expo, 3 dedicated stages, and the debut of AI Future – a brand-new track exploring the next generation of AI.

Why attend Blockchain Life?

A full week of high-impact networking with the industry’s biggest names: 2 days of the Blockchain Life Forum, hundreds of side events, exclusive business & private meetups, and the Formula 1 Grand Prix Finale.

200+ industry-leading speakers, including crypto whales, founders and C-level executives from top exchanges and leading Web3 projects, prominent investors, Tier 1 funds, AI innovators, and legendary traders.

200+ leading companies at one of the industry’s largest expos – from major crypto exchanges and mining firms to Web3 pioneers, AI developers, and cutting-edge startups.

The Debut of AI Future, a dedicated Forum exploring the future of AI, emerging trends, breakthrough robotics, and the convergence of AI, blockchain, and business.

The legendary Blockchain Life Afterparty at one of the world’s premier nightclubs, featuring a globally recognized headlining artist.

Startup Pitch & Blockchain Life Awards, where promising startups gain exposure, and the industry’s leading companies are recognized for their achievements.

Book now at early bird price! Save 10% on your ticket with the promo code on https://blockchain-life.com/

 Disclaimer: This is an Event Partner post and should not be treated as news/advice.



Source link

New York sues Kalshi, will seek damages, alleging it offers gambling platform

0
New York sues Kalshi, will seek damages, alleging it offers gambling platform

James’ office described Kalshi’s event contracts as bets and said the platform takes wagers on professional and college sports, elections and culture. The lawsuit alleges Kalshi allows users aged 18 to 20 to wager and lists markets involving New York college teams, both prohibited for licensed sportsbooks in the state.

“New York’s gambling ⁠laws protect children from underage betting and help combat gambling addiction,” James said in the statement. “No matter what they call themselves, prediction markets like ​Kalshi are gambling platforms, plain and simple.”

The World Cup helped boost Kalshi’s numbers, adding 3 million during the course of the tournament, according to CNBC. That’s more than double the 2 million the firm said it had at the start of May.

According to the attorney general’s statement, the lawsuit follows an October cease-and-desist order from the New York State Gaming Commission.

A federal judge denied Kalshi’s bid to block state regulators on July 7 and rejected an injunction pending appeal on July 27.

CoinDesk approached Kalshi for comment outside of regular U.S. office hours, and had not heard back by publication time.



Source link

The Infrastructure Mistake Founders Make in Relationship-Driven Businesses

0
The Infrastructure Mistake Founders Make in Relationship-Driven Businesses


Opinions expressed by Entrepreneur contributors are their own.

Key Takeaways

  • As your company scales, critical relationship data gets scattered across inboxes, Slack threads and CRMs — investing in an extended relationship management (XRM) layer centralizes that institutional memory and makes it visible across your team
  • Client relationships aren’t transactions to close but long-term assets to cultivate, and treating relationship intelligence as core infrastructure (not a productivity add-on) is what turns strong connections into a scalable growth advantage

Over time, I’ve come to realize how important relationships are in every area of business — including some high-stakes areas that aren’t exactly known for their warm or welcoming experiences.

For instance, I remember working with a credit union team and realizing how important it was for them to cultivate relationships with their member communities. The concept applies elsewhere. Recruiters need to earn the trust of candidates. Venture capitalists need strong connections with founders.

Most entrepreneurs can see the important relationships in their business. But they can lose that focus as their company scales. As they obsess over things like product, hiring and distribution, they can lack the same intention in cultivating the relationships that matter.

If you’re operating in a relationship-driven industry, you want to invest in relationship infrastructure as you grow. Scratch that. It’s a requirement these days. I’ve found that if you truly want to succeed, you need to invest in relationship infrastructure. Here are three practical shifts founders can implement to help that happen.

Audit and understand where relationships live in your business

Strong connections don’t happen instantly. Every time I’ve built good business relationships, they’ve taken time. They also took place in different settings.

This can lead to critical relationship management information being scattered across various parts of your business. Communication history can sit in inboxes and Slack threads. Meeting notes can exist in countless audio, visual and text-based tools. Relationship ownership is often vague and fragmented. As it grows, the distance between key points of relational information can grow.

Despite their name, even customer relationship management (CRM) tools often lack a comprehensive relationship element. They can silo and completely miss information. That’s why one of the best early infrastructure moves you can make is to go beyond the CRM concept and establish an extended relationship management (XRM) layer in your business.

Rings.ai points out the key difference between CRM and XRM models. A CRM’s focus is singular: to manage a company’s interactions with its customers. The AI-powered relationship intelligence platform compares that narrow focus to an XRM approach, which is built for things like holistic relationship management, process automation, increased transparency and scalability.

An XRM expands the customer focus across all business relationships. Instead of relying only on CRM records, it pulls in communication history, notes and external data to create a unified view of every relationship across the team.

If you want to scale your relationship infrastructure, start here. Use an XRM approach to map your institutional memory and make it visible across your team, even at scale. Centralize your communication history and relationship data at the person and company level.

See relationships as long-term assets, not transactions

The need to cultivate relationships as a core business asset is nothing new. But maintaining that perspective while scaling? That’s where I’ve found things can become challenging. Nevertheless, founders must maintain the mindset that their relationships are more than transactions. They are investments in long-term assets.

Transactional relationships have their place. They’ll always exist. But client relationships aren’t in the same category. They offer much greater value in the form of lower acquisition costs, greater trust and satisfaction and ongoing business.

Your infrastructure can help you stay focused on treating client relationships as recurring relationships. Start with mindset. Stop tracking key relationships as “opportunities.” Instead, see them as long-term assets. Again, use AI and XRMs to resist the linear sales cycles of CRMs. Store client profiles as entities, not interactions.

Treat relationship intelligence as “soft” infrastructure

Relationship intelligence should be deeply ingrained in your growth strategy. It isn’t a feature or an add-on. As a founder of a tech company, I think of relationship tools as productivity enhancements. They are not.

Use your relationship management tools as part of your operating infrastructure. It is a tool that provides a “soft” element that adds depth to the harder elements of your infrastructure. While you implement scalable systems and standard operating procedures (SOPs), investing in relationship intelligence gives you an intangible edge.

A deeper, up-to-date understanding of your organization’s relationships helps you identify revenue opportunities and enhance client services. Understanding nuanced things like a unique connection between a board member and a client can help you take meaningful and effective steps rather than blind actions.

When communication history, ownership and relationship strength are centralized, it can help you move faster, reduce internal friction and coordinate next steps with fewer people. Those are all aspects of infrastructure that make scaling easier.

Setting a relationship-driven foundation early

Founders must recognize the instrumental role that relationships play if they want to facilitate sustainable growth. I’ve found that doing this requires taking the time to identify where relationships live in your business. Treat these as long-term assets, and exercise relationship intelligence when you engage with them.

If you can do that, you can create a relationship-driven infrastructure that can not just hold up when you scale but become a catalyst for growth.

Key Takeaways

  • As your company scales, critical relationship data gets scattered across inboxes, Slack threads and CRMs — investing in an extended relationship management (XRM) layer centralizes that institutional memory and makes it visible across your team
  • Client relationships aren’t transactions to close but long-term assets to cultivate, and treating relationship intelligence as core infrastructure (not a productivity add-on) is what turns strong connections into a scalable growth advantage

Over time, I’ve come to realize how important relationships are in every area of business — including some high-stakes areas that aren’t exactly known for their warm or welcoming experiences.

For instance, I remember working with a credit union team and realizing how important it was for them to cultivate relationships with their member communities. The concept applies elsewhere. Recruiters need to earn the trust of candidates. Venture capitalists need strong connections with founders.

Most entrepreneurs can see the important relationships in their business. But they can lose that focus as their company scales. As they obsess over things like product, hiring and distribution, they can lack the same intention in cultivating the relationships that matter.



Source link

Hayward Holdings, Inc. Q2 2026 Earnings Call Summary

0
Hayward Holdings, Inc. Q2 2026 Earnings Call Summary


Hayward Holdings, Inc. Q2 2026 Earnings Call Summary – Moby

Strategic Performance Drivers

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we’ll show you why it’s our #1 pick. Tap here.

  • Net sales growth of 6% in Q2 was driven by positive price realization and stable volumes, reflecting the resilience of the installed base aftermarket model.

  • North American performance (up 9%) benefited from demand in discretionary categories like salt chlorine generators and automation, offsetting an 8% decline in Europe and Rest of World due to geopolitical conflicts.

  • Management attributes market share gains to a multi-year ‘offense’ playbook, including increased RD&E investment which has raised new product vitality to 23%.

  • Operational excellence initiatives, such as nearshoring and dual sourcing, are being utilized to mitigate tariff risks and improve supply chain reliability.

  • The company is leveraging AI in customer service to resolve 80% of North American calls without human intervention, enhancing both customer experience and operational efficiency.

  • Gross margins remain near record levels (48.7%) despite inflationary pressures in specialty metals, freight, and resin, supported by proactive surcharges and cost-out actions.

Outlook and Strategic Assumptions

  • Full year 2026 guidance is maintained, assuming approximately 5% net sales growth and 9% to 13% adjusted diluted EPS growth.

  • Management expects gross margins for the full year to remain approximately in line with the prior year’s record levels as mitigation actions fully take hold.

  • Channel inventory is expected to follow seasonal patterns, with further net reductions in Q3 followed by a build in Q4 for the ‘early buy’ season.

  • The company plans to open its sixth Hayward Hub training center in Atlanta during Q4 to support dealer conversions and technical capabilities.

  • Capital allocation priorities remain focused on organic investment and strategic M&A, supported by a reduced net leverage of 1.5x.

Financial and Operational Risk Factors

  • A comprehensive debt refinancing completed in the quarter extended maturities to 2033 and is expected to reduce annual interest expense by approximately $6 million.

  • Geopolitical disruption in the Middle East and Ukraine continues to act as a headwind for the Europe and Rest of World segment, particularly impacting volume.

  • Incremental inflation in commodities and transportation required the implementation of mid-quarter surcharges to protect dollar-for-dollar margins.

  • Management is currently evaluating the process for returning approximately $8 million to $10 million in IEEPA refunds to customers, net of associated costs.



Source link