Latest news with #EdwardJones
Daily Mirror
3 days ago
- Daily Mirror
Missing man disappears suddenly as police make desperate cap plea
Edward Jones, 39, went missing several days ago as police launch an appeal to help find the man from Denbighshire, Wales - cops released an image of an item believed to be on Edward when he vanished A "kind" and "gentle" man suddenly disappeared as police make a desperate plea to the public over a cap. Edward Jones, 39, has been missing for several days and was last seen on July 13 as cops make a fresh appeal to help find the popular local man. The 39-year-old, who has been described as the "kindest gentlest loving person you could ever meet", was last believed to be in the Llyn Brenig area of North Wales. North Wales Police released an image of Edward and the cap he is believed to have been wearing when he was last seen. Inspector Rachel Hare revealed what the cap looked like and several other items the 39-year-old, from Denbighshire, Wales, was believed to have on him at the time he went missing. Hare said: "Edward is believed to be wearing the cap featured in this post, he is believed to be in possession of a fishing rod, a sleeping bag in a green cover, and an emergency blanket. "I would also like the public to report any sightings of these items, or any evidence of camping equipment in the vicinity of Llyn Brenig. If sighted the What Three Words would assist us in our enquiries." Cops have urged members of the public who have any information on Edward or have made any potential sightings to reach out on 101, quoting reference 51423. His partner Nia Evans is also urging anyone with information to help, according to North Wales Live. Nia said: "If anyone was travelling past Llyn Brenig, in that area and surrounding areas on Sunday 13th July from 6:30pm onwards and saw Edward, or anything you feel could help with finding him, please get in touch with North Wales Police as soon as possible. "We are missing him terribly and desperately need him home safe. Thank you. "We cannot describe how painful this is for us all not knowing where he is. He is the kindest gentlest loving person you could ever meet and we need him back safe as soon as possible." The Mirror has created a map in partnership with the Missing People charity as we launch our Missed campaign calling for better support and care for missing people and their loved ones. Missing People is the only UK charity dedicated to supporting missing children, adults and their loved ones. Its mission is to be a lifeline when someone disappears
Yahoo
4 days ago
- Business
- Yahoo
I've loaded my daughter's 529 plan for years — but now suddenly she wants to skip college. I'm mad. What now?
You've spent years saving diligently for your daughter's education, only to learn she's decided not to go away to college after all. If you have thousands stashed in a 529 plan, you might be wondering: What happens to that money now? At the end of 2024, roughly 17 million 529 plan accounts were open in the United States, worth a collective $525 billion in total assets. A 529 plan remains one of the most flexible education savings tools available, but it's also one of the most misunderstood. That's because even if plans change, 529 college plan funds can end up being used for things that have nothing to do with traditional notions of higher education. If it involves learning, there's a solid chance your 529 savings can help cover related expenses. "It's important for Americans to understand how flexible 529 plans have become,' said Andy Esser, a financial advisor Andy Esser at Edward Jones, which issued a report in May that found 52% of respondents said they didn't know what 529 plans are. Don't miss Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how I'm 49 years old and have nothing saved for retirement — what should I do? Don't panic. Here are 6 of the easiest ways you can catch up (and fast) Want an extra $1,300,000 when you retire? Dave Ramsey says this 7-step plan 'works every single time' to kill debt, get rich in America — and that 'anyone' can do it What is a 529 plan and how does it work? Named after Section 529 of the Internal Revenue Code, 529 plans are tax-advantaged saving plans for future education costs. They come in two main types: prepaid tuition plans and education savings plans. The plans typically involve contributing after-tax dollars and any investment growth is tax-free as long as withdrawals are used for qualified education expenses. These plans were created to make saving for college more attractive by reducing the sting of taxes on those savings. Typically, families use 529 money to pay tuition, fees, room and board, books — even certain technology costs at eligible institutions. In recent years, the definition of qualified expenses has expanded: You can also use up to $10,000 per year for K–12 tuition at private schools and even make limited payments toward student loans. The catch: If you use the money for anything that doesn't qualify, you'll owe ordinary income tax on the earnings portion of the withdrawal plus a 10% penalty, seriously eroding the value of your savings. What happens if your child doesn't go away for college? If your daughter isn't heading off to a four-year college campus, your first step is to figure out whether she's forgoing higher education entirely or simply choosing another path. The good news is that 'qualified education expenses' don't just mean traditional, residential college costs. If she's planning to attend a local community college, a trade school, or even take classes online from an accredited institution, you can still use 529 funds to cover tuition and other eligible expenses without penalty. Many families don't realize that accredited vocational and technical schools are also fair game for 529 plans. Even if she commutes from home, her tuition and fees may be covered. If she's decided to study part-time, you can still use the funds proportionally for eligible costs. Some families find that room and board expenses aren't needed if their student is living at home, but tuition, books and required supplies continue to qualify. Read more: Americans are 'revenge saving' to survive — but millions only get a measly 1% on their savings. What exactly are qualified education expenses? Qualified expenses include tuition and fees at eligible institutions, books and supplies required by the program, certain technology costs (like a computer or software, if it's required) and room and board for students enrolled at least half-time. For K-12 education, you can withdraw up to $10,000 per year per student for tuition at private or religious schools. There's also a provision that allows up to $10,000 lifetime per beneficiary to pay down qualifying student loans. This all means that if your daughter is still interested in some form of learning, just not in the way you initially planned for, you may be able to spend most or all of the 529 balance penalty-free. What if your child opts not to pursue formal education at all? Let's say your daughter has decided to forgo college, trade school, or any eligible training program altogether. You still have options. You can leave the money in the 529 account indefinitely. There's no rule that says the funds must be used short-term. The account can keep growing tax-free. Your daughter might change her mind in the future — even as an adult. You can also change the beneficiary of the 529 plan and transfer the funds to another child, a niece or nephew, yourself, or even a future grandchild without triggering taxes or penalties, as long as the new beneficiary is a qualifying family member. If none of these options work for you, consider rolling some of the unused funds into a Roth IRA for your daughter. Thanks to recent rule changes, up to $35,000 of unused 529 funds can be rolled over to a Roth IRA in the beneficiary's name over their lifetime, starting in 2024, subject to annual contribution limits and eligibility rules. This can turn unused education savings into retirement savings — a smart long-term play. Lastly, if you decide to take the money out for non-education expenses — say, buying a car or making home improvements — you'll face that 10% penalty and pay ordinary income tax on the earnings portion. Only your original contributions come out tax-free, as you already paid tax on them. That could make non-qualified withdrawals the option of last resort. What to read next Robert Kiyosaki warns of 'massive unemployment' in the US due to the 'biggest change' in history — and says this 1 group of 'smart' Americans will get hit extra hard. Are you one of them? How much cash do you plan to keep on hand after you retire? Here are 3 of the biggest reasons you'll need a substantial stash of savings in retirement Rich, young Americans are ditching the stormy stock market — here are the alternative assets they're banking on instead Here are 5 'must have' items that Americans (almost) always overpay for — and very quickly regret. How many are hurting you? Stay in the know. Join 200,000+ readers and get the best of Moneywise sent straight to your inbox every week for free. This article provides information only and should not be construed as advice. It is provided without warranty of any kind. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Penny Pennington of investment advice firm Edward Jones: ‘We're a health and wellbeing company'
In today's CEO Daily: Diane Brady talks to Penny Pennington of Edward Jones. The big story: Trump and Epstein. The markets: All is calm. Analyst notes from ING on the Fed, Oxford Economics on jobless claims, and WARC on Reddit's revenue and user growth. Plus: All the news and watercooler chat from Fortune. Good morning. The U.S. economy has been surprisingly resilient while the tariff wars rage even though prices may go up as inventories dwindle, consumers are becoming more value conscious, and investors are by turns sanguine and skittish. (Witness their reaction to the specter of President Trump potentially firing U.S. Federal Reserve Chair Jerome Powell, as my colleague Jim Edwards noted in this piece.) I had a chance to speak with several business leaders at a roundtable convened by Edward Jones Managing Partner Penny Pennington recently at the Aspen Ideas Festival. Her concern was, 'how do we help future generations build wealth in this uncertain economy?' With challenges like high home prices and an uncertain job market, she takes a holistic view of the customer. 'We're a health and wellbeing company.' The theme of investing took many forms. Bev Anderson, CEO of BECU credit union, focused on creating financial opportunities, while Gallup CEO Jon Clifton talked about the need for better global indicators of how we feel amid a rise in negative emotions. Southern Company CEO Chris Womack is expanding his energy infrastructure amid surging demand at the country's second-largest utility. Optimism about the power of technology and innovation was mixed with worries about geopolitics and the state of civil society. In an era of growing complexity and rapid change, face-to-face conversations have become even more important for sharing ideas and building trusted relationships. That's why the dinners hosted by CEO Initiative members around the country have been so valuable. It's why I'm excited by our upcoming Fortune Global Forum on October 26 and 27 in Riyadh. Among the CEOs who have confirmed their attendance, so far, are Qualcomm CEO Cristiano Amon, Ed Bastian of Delta Air Lines, Tony Elumelu of United Bank for Africa, Jane Fraser of Citigroup, Mahindra & Mahindra Anish Shah, Catherine MacGregor of ENGIE, Honeywell's Vimal Kapur, Gilberto Tomazoni of JBS, and Jenny Johnson of Franklin Templeton. You can find out more here and click here if you'd like to apply to CEO Daily via Diane Brady at This story was originally featured on Sign in to access your portfolio
Bloomberg
02-07-2025
- Business
- Bloomberg
No Sign of Bear Market on Horizon: Edward Jones' Mahajan
Mona Mahajan, Edward Jones head of investment strategy, says there aren't any signs of "irrational exuberance" in US stocks yet but markets more volatility may be ahead. She speaks on "Bloomberg Open Interest." (Source: Bloomberg)
Yahoo
01-07-2025
- Business
- Yahoo
Edward Jones to buy Natixis IM's overlay management services
US broker-dealer Edward Jones said it intends to purchase overlay management services capabilities from Natixis Investment Managers (Natixis IM). The agreement signed involves the acquisition of 'select' assets as well as an exclusive licence for certain proprietary technology. Financial specifics of the agreement were not revealed. According to the agreement, Natixis IM will remain a direct-indexing provider for Edward Jones' unified managed accounts (UMA) in the US. The deal is anticipated to be finalised later this year, enabling Edward Jones to assume the role of overlay manager for its US-based UMA offerings. Edward Jones said that overlay management services are integral to its financial planning and investment management services, facilitating the execution of client investment strategies through diversified, professionally managed portfolios. These portfolios incorporate tax strategies and align with clients' financial objectives. Previously, Edward Jones relied on Natixis IM to provide these services. Natixis IM US CEO and president David Giunta said: 'We have always admired Edward Jones' commitment to serving its clients through deep, personal relationships and we are proud to announce this groundbreaking partnership.' Natixis IM's expertise in UMA implementation, direct indexing, tax loss harvesting, and other investment products has been a key factor in supporting Edward Jones. The two firms have maintained a partnership since 2011. Edward Jones is providing employment offers to some Natixis IM staff involved in overlay management services. Edward Jones principal Russ Tipper said: 'We are committed to investing in new technology and capabilities that are focused on enhancing the ways we serve more clients more completely, and across different client segments. 'This includes comprehensive financial planning and an expanded suite of product and service offerings, including those traditionally focused on high net worth investors, that we will now be delivering to select clients.' In March this year, Edward Jones introduced a new private client service, Edward Jones Generations, designed for high net worth individuals in the US. It will be available to select clients in Q2 2025, with a wider launch planned for 2026. "Edward Jones to buy Natixis IM's overlay management services" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
