Is the economy K-shaped or C-shaped? Finance pros weigh in

The K-shaped economy has become shorthand for a widening, persistent economic divide: higher-income Americans pulling further ahead — in wealth, spending, and financial security — while many lower-income households struggle to keep up. Now, that shape may be shifting. “I got sick of hearing about this K-shaped economy,” Treasury Secretary Scott Bessent told CNBC’s “Squawk…

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Fees, risks and mistakes to avoid

Millions of people roll money from a workplace retirement plan to an individual retirement account each year — and mistakes can prove both costly and irreversible. Federal law allows for tax-free “rollovers” at various trigger points, such as a job change or upon retirement. Rollovers have gotten more common as baby boomers hurtle into their…

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