Sat.Dec 30, 2023

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Here's the Average Social Security Benefit at Ages 62, 66, and 70

The Motley Fool

Whether you realize it or not, Social Security is an essential source of income for most retirees. It's responsible for pulling roughly 21.7 million people out of poverty each year, including almost 15.4 million adults aged 65 and above. If America's top retirement program didn't exist, the senior poverty rate would be an estimated 38%, as compared to 10% with Social Security (as of March 2022), according to the Center on Budget and Policy Priorities.

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MiB: Jenny Johnson, Franklin Templeton CEO 

The Big Picture

 For our final show of the year, we are rebroadcasting a team favorite — our special 500th episode of Masters in Business; Enjoy! We speak with Jenny Johnson, president and chief executive officer of the Franklin Templeton. Johnson joined the firm in 1988 and held leadership roles in all its major divisions before becoming CEO in February 2020.

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This Dave Ramsey Retirement Advice Is Wrong and Dangerous

The Motley Fool

Image source: Getty Images Popular personal finance expert Dave Ramsey recently gave some retirement advice that made many financial planners shudder. It has to do with Ramsey's definition of a safe withdrawal rate from retirement savings, and to put it mildly, he is suggesting an unsustainable withdrawal rate that could leave retirees broke at a time of their life when they really don't need to be running out of money.

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KKR Announces Completion of Acquisition of Simon & Schuster from Paramount

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the successful completion of the previously announced acquisition of Simon & Schuster from Paramount Global (NASDAQ: PARA, PARAA) in a $1.62 billion all-cash transaction. With the closing of the deal, Simon & Schuster is now a standalone private company, and the only independent major trade publisher in the U.S.

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This Is Warren Buffett's Favorite Artificial Intelligence (AI) Stock. Here's Why.

The Motley Fool

Warren Buffett isn't someone that makes investments based on new technology trends. That doesn't mean he ignores them entirely, though. When asked about artificial intelligence (AI) at Berkshire Hathaway 's (NYSE: BRK.A) (NYSE: BRK.B) shareholder meeting in May, he paraphrased Albert Einstein's comments about the invention of the atomic bomb: "It can change everything in the world, except how men think and behave.

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KKR & Co. Inc. Reports Third Quarter 2023 Results

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) today reported its third quarter 2023 results, which have been posted to the Investor Center section of KKR’s website at [link] This press release features multimedia. View the full release here: [link] A conference call to discuss KKR’s financial results.

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KKR announces final result of the voluntary public takeover offer for all outstanding shares of OHB SE

KKR

8 November 2023 - Orchid Lux HoldCo S.à r.l. (“Bidder”), a holding company controlled by investment funds, vehicles and/or accounts advised and managed by various subsidiaries of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), today announced the final result of the voluntary public takeover offer to shareholders of OHB SE (ISIN: DE0005936124, “OHB”).

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Should You Buy Value Stocks or Growth Stocks? Warren Buffett's Investing Advice May Come as a Surprise.

The Motley Fool

Investors often group stocks into two broad categories: growth and value. Some even define themselves based on which quality they see as most important. Growth investors generally focus on companies expected to grow sales or earnings more quickly than the market average, while value investors generally focus on companies trading at discounts to their intrinsic values.

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KKR supports InVivo in the global expansion of Malteries Soufflet

KKR

KKR continues to scale its strategic partnership with InVivo and Malteries Soufflet by more than doubling its investment as Malteries Soufflet acquires United Malt, creating the world’s largest maltster

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A Very Big Change Is Coming to Social Security in 2024 -- and It Will Impact You Even if You Aren't Getting Benefits

The Motley Fool

Social Security has clearly been around for a long time. So, you might assume that the program's rules have long been set in stone. But actually, Social Security tends to undergo yearly changes based on factors like inflation and wage growth. And some of those changes have the potential to impact seniors in a very meaningful way. Image source: Getty Images.

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KKR Releases “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime”

KKR

New KKR Report Focuses on Role of Private Markets in Individual Investor Portfolios NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced the release of “A New Foundation for Global Wealth: Rebuilding Portfolios for the New Regime” by Paula Campbell Roberts, Chief Investment Strategist for Private Wealth. This is the first release in Investing for Wealth, a planned.

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3 Essential Tools for Finding Affordable Business Class Seats

The Motley Fool

Image source: Getty Images Business class seats often give travelers more comfort when flying to their destination, with larger seats, more personalized service, airport lounge access, and better food. But all those perks come at a price -- business class seats can easily cost thousands of dollars. Thankfully, some services and websites make it much easier to find deals on business class seats that won't break the bank or max out your credit card.

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KKR to Present at the Goldman Sachs 2023 US Financial Services Conference

KKR

NEW YORK--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) announced today that Scott C. Nuttall, Co-Chief Executive Officer, will present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023 at 8:40AM ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at [link] For those.

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How Does Buying a Home in a Foreclosure Auction Work?

The Motley Fool

Image source: Getty Images If a home goes into foreclosure, it is typically sold at an auction. The process by which this happens can vary slightly from state to state, but there are some common things that you can expect no matter where you live if you're buying a foreclosed home at an auction. Here's what you need to know about how the process works.

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KKR Acquires Potter Global Technologies

KKR

All Employees to Become Owners in the Company ST LOUIS, Mo. & NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that investment funds managed by KKR have acquired Potter Global Technologies (“Potter” or the “Company”), a leading manufacturer of fire and life safety equipment, from Gryphon Investors. KKR plans to support the Company in its continued growth.

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3 High-Yielding Dividend Stocks to Buy and Hold for Years

The Motley Fool

If you want to earn a good return in the markets without taking on too much risk, you may want to consider loading up on dividend stocks. These investments are typically underpinned by companies with strong financials. And they can provide you with not only long-term stability but also some recurring income over the years. Three stocks that pay you more than the S&P 500 average yield of 1.5% and are relatively safe investments for the long haul are Southern Company (NYSE: SO) , Coca-Cola (NY

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KKR to Acquire Remaining 37% of Global Atlantic for $2.7 Billion in All-Cash Transaction

KKR

Closer Coordination and Alignment Expected to Further Accelerate Growth of Both KKR and Global Atlantic KKR Announces Other Strategic Initiatives to Benefit Shareholders KKR and Global Atlantic to Host a Conference Call at 10:00 a.m. EST NEW YORK & HAMILTON, Bermuda--(BUSINESS WIRE)-- KKR & Co. Inc. (NYSE: KKR) and Global Atlantic Financial Group LLC (“Global Atlantic” or “GA”) today announced.

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2 Unstoppable Artificial Intelligence (AI) Stocks Up 159% and 217% in 2023 to Buy in 2024

The Motley Fool

Artificial intelligence (AI) swept investors into a frenzy in 2023. It all started with Microsoft 's $10 billion bet in January on generative AI start-up OpenAI, which develops the famous ChatGPT online chatbot. Then in September Amazon invested $4 billion in OpenAI rival Anthropic. But those trillion-dollar tech giants weren't the only ones scooping up AI assets.

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KKR, Hologic and Ajax Health Create New Platform to Accelerate Medical Device Innovation

KKR

Platform Will Focus on Technologies to Detect Lung Cancer, the Leading Cause of Cancer Deaths NEW YORK & MARLBOROUGH, Mass.--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced a new platform established with investments from KKR and Hologic, Inc. (Nasdaq: HOLX), a global leader in women’s health and medical technology innovator.

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Would a Macy's Buyout Be a Miracle on 34th Street?

The Motley Fool

In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: The potential for Macy's going private. If department stores are going the way of the dodo. What could change the regulatory climate for big deals. Motley Fool host Ricky Mulvey and contributor Matt Frankel dive into Boston Omaha , a company that could be poised to be the next great conglomerate.

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KKR Expands DACH Presence With New Office In Zurich

KKR

Zurich, 7 December 2023 – KKR, a leading global investment firm, today announced the opening of a new office in Zurich, Switzerland, solidifying its presence in one of the world's most important institutional and wealth management centers. The KKR office opens with individuals representing KKR’s Global Client Solutions team and will also serve as a Swiss base for investment professionals covering the DACH region.

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1 Warren Buffett Dividend Stock for Passive Income Investors to Buy Hand Over Fist for 2024

The Motley Fool

Fool.com contributor Parkev Tatevosian selects one dividend stock from Warren Buffett's Berkshire Hathaway portfolio that will make an excellent purchase for passive income investors. *Stock prices used were the afternoon prices of Dec. 28, 2023. The video was published on Dec. 30, 2023. Should you invest $1,000 in Coca-Cola right now? Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investor

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Ajax Health Establishes Cortex, a Comprehensive AFib Ablation Technology Company, with $90 Million Investment Led by KKR and Hellman & Friedman

KKR

MENLO PARK, Calif., Dec. 7, 2023 /PRNewswire/ -- Ajax Health announced today the formation and funding of Cortex, a medical technology company developing an integrated mapping and ablation solution suite for the treatment of atrial fibrillation (AFib), the most common heart rhythm disorder, affecting more than 30 million patients worldwide. Cortex has raised $90 million in funding commitments led by KKR and Hellman & Friedman (H&F) with participation by other investors including AI Life

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My Top ETF to Buy for 2024 (and It's Not Even Close)

The Motley Fool

When scanning the market for a top exchange-traded fund (ETF) to buy for the new year, choosing a beaten-down sector or theme is usually a great bet. In 2022, the consumer discretionary sector, tech, and communications suffered steep sell-offs. And with so many quality names in those sectors, they were good picks for 2023. But investors looking for value and income might find the market's high valuation of many growth-orientated sectors off-putting.

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KKR Appoints Dane E. Holmes as Chief Administrative Officer

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced the appointment of Dane E. Holmes as Chief Administrative Officer (CAO), effective December 29, 2023. As CAO, he will join the firm’s leadership team and oversee and work with the existing leaders of a number of key functions, including KKR’s Human Capital, Communications, Marketing, Sustainability, and Citizenship teams.

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Was FedEx's Quarter Really That Bad? Was the Comcast Data Breach Really Not That Bad?

The Motley Fool

In this podcast, Motley Fool analyst Tim Beyers and host Dylan Lewis discuss: Why you might not be able to buy the Apple Watch soon in the U.S. Comcast 's data breach affecting more than 30 million customers. FedEx 's latest results and why they might be better than the market thinks. Motley Fool host Mary Long caught up with Kristy Akullian, senior member of the iShares investment strategy team at BlackRock , for a look at her team's 2024 outlook and one country to keep an eye on.

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KKR Releases 2024 Global Macro Outlook

KKR

Henry McVey: Investors Should Approach Markets with a ‘Glass Half Full’ Lens NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today released its 2024 Global Macro Outlook by Henry McVey, CIO of KKR’s Balance Sheet and Head of Global Macro and Asset Allocation (GMAA).

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The Stock Market Is Near an All-Time High: 2 Stocks That Are Still Screaming Bargains

The Motley Fool

The S&P 500 has climbed about 24% in 2023, hovering right around its all-time high. The Nasdaq Composite is up 44%, although the tech-heavy index still has some ground to cover before it starts carving out new all-time highs of its own. This rally has made stocks generally more expensive, but there are still some good deals for investors looking for a bargain.

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KKR acquires $7.2 Billion Portfolio of Prime Recreational Vehicle Loans

KKR

NEW YORK--(BUSINESS WIRE)-- KKR, a leading global investment firm, today announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank National Association, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO purchased approximately $6.4 billion of senior notes.

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4 Fantastic Money Management Rules to Help You Enjoy Your Retirement, and Have Cash Left Over

The Motley Fool

Many people can achieve their retirement goals by following a few key rules for their financial plan. These rules are most likely to deliver results if you can stay disciplined for a long time leading up to retirement, so make sure you embrace the important principles early in life. Consider these key rules for managing money to create the most financial freedom when you decide to stop working.

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ETCHE SELLS THE GALLIC PORTFOLIO, CONSISTING OF FIVE ASSETS IN THE LYON REGION

KKR

Paris, 18 December 2023 - Etche, KKR’s logistics real asset platform in France, has sold a portfolio of five assets located in the Lyon region, with a total area of approximately 29,000 square meters.

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3 Social Security Changes in 2024 That Will Impact Millions of Americans Who Aren't Retired Yet

The Motley Fool

More than 50 million retired workers receive Social Security benefits. That's nearly one in every seven Americans. Adding spouses and children of retirees, survivors of deceased workers, and people receiving disability benefits boosts the total quite a bit. Of course, there are still many people in the U.S. who don't receive Social Security. However, what happens with the federal program still matters to them.

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KKR Announces Intra-Quarter Monetization Activity Update for the Fourth Quarter

KKR

NEW YORK--(BUSINESS WIRE)-- KKR today announced a monetization activity update for the period from October 1, 2023 to December 21, 2023. Based on information available to us as of today, with respect to the period through December 21, 2023, KKR has earned total realized performance income, including realized incentive fees, and total realized investment income in excess of $500 million.

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Got $5,000? Buy and Hold These 3 Value Stocks for Years

The Motley Fool

When it comes to serious savings and funds needed over the longer term, investors shouldn't be afraid to pay a premium for a quality stock. If you can buy a quality stock at a relatively low price, though, so much the better. Here are three high-quality, low-cost value stocks, meeting that description, that you could buy sizable stakes in now and hold on to for years.

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