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Should you think about rebalancing your 401(k)?

Published Fri, 07 Feb 2025 15:44:17 GMT

The markets have been volatile over the past few years.And while that may have resulted in significant gains in U.S. stocks, it may have your retirement plan out of whack.So how do you know when the right time to rebalance your 401(k) or Thrift Savings Plan is?Financial contributor Barry Glassman, president of Glassman Wealth Services, joined WTOP anchors Shawn Anderson and Anne Kramer to explain how the volatile market is affecting retirement plans.Read the full conversation, which has been lightly edited for clarity, below: toggle audio on and off change volume download audio WTOP's Shawn Anderson and Anne Kramer speak with financial contributor Barry Glassman $(function () { ...

House expels Republican Rep. George Santos of New York in a bipartisan vote after critical ethics report on his conduct

Published Fri, 07 Feb 2025 15:44:17 GMT

Rep. George Santos, R-N.Y., faces reporters at the Capitol in Washington, early Thursday, Nov. 30, 2023. After a scathing report by the House Ethics Committee citing egregious violations, Santos could be expelled from Congress this week. (AP Photo/J. Scott Applewhite)(AP/J. Scott Applewhite) Rep. George Santos, R-N.Y., faces reporters at the Capitol in Washington, early Thursday, Nov. 30, 2023. After a scathing report by the House Ethics Committee citing egregious violations, Santos could be expelled from Congress this week. (AP Photo/J. Scott Applewhite)(AP/J. Scott Applewhite) WASHINGTON (AP) — House expels Republican Rep. George Santos of New York in a bipartisan vote after critical ethics report on his conduct...

New US rules aimed at curbing China could make it harder for EV buyers to claim a full tax credit

Published Fri, 07 Feb 2025 15:44:17 GMT

WASHINGTON (AP) — The government proposed new rules Friday that could make it harder for electric vehicles to qualify for a full $7,500 federal tax credit, complicating efforts to meet President Joe Biden’s goal that half of new passenger vehicles sold in the U.S. run on electricity by 2030.Plans outlined by the departments of Treasury and Energy would limit EV buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States. The new rules, required under Biden’s signature climate law approved last year, are likely to slow consumer acceptance of electric vehicles just as Biden is trying to ramp up sales to help meet his goal to cut planet-warming greenhouse gas emissions in half by 2030. EV sales have tripled since Biden took office, but the U.S. still depends on foreign sources, especially China, for many of critical minerals needed to produce EV batteries. It’s still no...

Pakistan’s supreme court hears petition against forceful deportation of Afghans born in the country

Published Fri, 07 Feb 2025 15:44:17 GMT

ISLAMABAD (AP) — Pakistan’s top court opened a hearing Friday on a petition by human rights activists seeking to halt the forceful deportation of Afghans who were born in Pakistan and those who would be at risk if they were returned to Afghanistan. The deportations are part of a nationwide crackdown by the government in Islamabad that started last month on Afghans who are in Pakistan without papers or proper documentation. Pakistan claims the campaign does not target Afghans specifically, though they make up most of the foreigners in the country. Pakistan has long hosted about 1.7 million Afghans, most of whom fled during the 1979-1989 Soviet occupation. In addition, more than half a million people fled Afghanistan when the Taliban seized power in August 2021, in the final weeks of U.S. and NATO pullout. Since Islamabad launched the crackdown in October, giving Afghans until the end of the month to go back or face arrest, hundreds of thousands have returned home, many in Pakistan-or...

New traffic pattern for SR-836 eastbound to I-395

Published Fri, 07 Feb 2025 15:44:17 GMT

In a move to improve traffic flow, a new traffic pattern will be introduced for drivers on State Road 836 heading to eastbound Interstate 395 starting Friday. The change involves diverting drivers onto a new connector bridge, with specific lane assignments for those heading to northbound I-95, southbound I-95, or exiting at Northwest Eighth Street.To implement the new pattern, roads were closed on Thursday. Motorists are advised to follow electronic message boards and signage to navigate the new traffic pattern. A video demonstration of the changes is available here. For detailed detour maps and more information, visit the official project website.

Renewed Israel-Gaza war crowds out climate at COP28

Published Fri, 07 Feb 2025 15:44:17 GMT

DUBAI, United Arab Emirates — The war in Gaza crashed into the United Nations climate summit on Friday, as furious sideline diplomacy, blunt censures of violence and an Iranian boycott shoved global warming to the side.It was a sharp change in tone from the COP28 opening on Thursday, which ended on an upbeat note as countries promised to support climate-stricken communities. The mood darkened the following day as news broke that the week-old truce between Israel and Hamas was collapsing. Israeli President Isaac Herzog spent much of the morning in meetings telling fellow leaders about “how Hamas blatantly violates the ceasefire agreements,” according to a post on his X account. He ended up skipping a speech he was meant to give during Friday’s parade of world leaders.There were other conspicuous no-shows. Saudi Arabian Crown Prince Mohammed bin Salman was absent, despite being listed as an early speaker. And Mahmoud Abbas, the Palestinian Authority leader, also disappeared...

5 ways to save money and time during the holidays at Disney World

Published Fri, 07 Feb 2025 15:44:17 GMT

By Sally French | NerdWalletThe winter holidays are one of the best times to visit Walt Disney World. The parks and hotels are decked out in fresh decor and there’s no shortage of holiday-themed entertainment. Characters turn up for photos wearing winter garb while some rides get festive overlays (for example, the Jungle Cruise becomes the Jingle Cruise).But the season also makes for one of the most crowded — and most expensive — times to visit the Disney resort, as Disney engages in variable pricing where tickets cost more on high-demand days. If you’re headed to Disney World this winter, these lesser-known tricks can save money and time.1. Find the least busy day to visit(Photo courtesy of Walt Disney World)Disney trip planning site Touring Plans collected 43 million average wait times for rides over the past 13 years to best predict crowds by day. After rating days on a scale of 1-10 (with 1 being the least busy and 10 being the busiest), here are Touring Plans’ crowd predictions...

Lawsuits against Trump over Jan. 6 riot can move forward, appeals court rules

Published Fri, 07 Feb 2025 15:44:17 GMT

By ALANNA DURKIN RICHER and ERIC TUCKER (Associated Press)WASHINGTON (AP) — Lawsuits against Donald Trump over the U.S. Capitol riot can move forward, a federal appeals court ruled on Friday, rejecting the former president’s bid to dismiss the cases accusing him of inciting the violent mob on Jan. 6, 2021. The U.S. Court of Appeals for the D.C. Circuit court knocked down Trump’s sweeping claims that presidential immunity shields him from liability in the lawsuits brought by Democratic lawmakers and police officers. But the three-judge panel said the 2024 Republican presidential primary frontrunner can continue to fight, as the cases proceed, to try to prove that his actions were taken in his official capacity as president. Trump has said he can’t be sued over the riot that left dozens of police officers injured, arguing that his words during a rally before the storming of the Capitol addressed “matters of public concern” and fall within the scope ...

Katie Ledecky loses a home 400-meter freestyle race for the first time in 11 years

Published Fri, 07 Feb 2025 15:44:17 GMT

GREENSBORO, N.C. (AP) — For the first time in 11 years, Katie Ledecky has lost a 400-meter freestyle race in an American pool.Canadian teenager Summer McIntosh took the title at the U.S. Open championships in Greensboro, North Carolina, on Thursday, beating Ledecky by nearly 3 seconds.McIntosh took the title in a meet record of 3 minutes, 59.42 seconds, while Ledecky touched next in 4:02.38.Ledecky’s last loss in the 400 free in her home country was at the 2012 U.S. Olympic trials, when she placed third at age 15.Last March, the 17-year-old McIntosh also snapped Ledecky’s nine-year U.S. win streak in the 200 free.The significance of McIntosh’s latest victory is difficult to gauge, since swimmers are at different stages of their training cycles as they ramp up preparations for next year’s Paris Olympics.McIntosh held the 400 free world record for three months before it was reclaimed by Australia’s Ariarne Titmus with a winning time of 3:55.38 at this summer’s ...

King Charles III draws attention by wearing a Greek flag tie after London-Athens diplomatic spat

Published Fri, 07 Feb 2025 15:44:17 GMT

LONDON (AP) — King Charles III caused some raised eyebrows Friday when he wore a tie adorned with a pattern of Greek flags to the COP28 climate summit days after a diplomatic spat between the U.K. government and Greece over the Parthenon Marbles.The British monarch is meant to be above politics, but many in Greece interpreted the tie as a gesture of solidarity with their cause. Charles wore it as he met British Prime Minister Rishi Sunak and made a speech at the U.N. summit in Dubai.The king’s late father, Prince Philip, was born into the Greek royal family, and Charles has deep ties to the country.Buckingham Palace declined to comment on the king’s neckwear, which was complemented by a matching blue-and-white pocket handkerchief. But officials pointed out that Charles has worn the tie before, as recently as last week.That was before Sunak surprised and annoyed the Athens government by canceling a planned Tuesday meeting with Greek Prime Minister Kyriakos Mitsotakis hours before it ...