Westend61 The Covid-19 pandemic has been a financial boon for some and a catastrophe for others. Now those effects are showing up in one more place: anticipated retirement dates. The pandemic has prompted 35% of Americans to change the age when they anticipate retiring, a recent survey from Northwestern Mutual found. More from Personal Finance:If
Month: October 2021
Most state and local pension funds turned in stellar performances for the fiscal year ending in June, reflecting a roaring stock market. But as this episode of What’s Ahead makes clear, one great year doesn’t wash away decades of underfunding, poor plan performance and mismanagement. These pension funds still don’t have sufficient assets to meet
Broker/Owner of Commercial Professionals in Las Vegas for over 25 years focusing on off market investments. Prof Speaker and Success Expert The real estate market is becoming increasingly competitive these days. As more people move to areas where property values are soaring, skilled real estate agents are in high demand. With so much competition for success, it’s
In this article BATS-GB MO A person uses a Juul Labs electronic cigarette device in San Francisco, on Monday, June 24, 2019. David Paul Morris | Bloomberg | Getty Images The Food and Drug Administration announced Tuesday that it will allow a unit of British American Tobacco to keep selling its Vuse Solo e-cigarettes in
St. Louis Federal Reserve President James Bullard advocated Tuesday for the central bank to be aggressive as it starts winding down its monthly bond-buying program in case inflation becomes a larger problem. In a CNBC interview, the Fed official said he thinks it’s a 50-50 chance that the current inflation pressures are transitory, so policymakers
Elizabeth Holmes, founder of Theranos Inc., left, arrives at federal court in San Jose, California, on Tuesday, Oct. 12, 2021. David Paul Morris | Bloomberg | Getty Images SAN JOSE, CALIF. — Former Safeway CEO Steve Burd said on Tuesday that his company knew it was taking a risk by partnering with blood-testing start-up Theranos,
Spacecraft commander Jared Isaacman speaks into a microphone as he peers out the cupola window. Inspiration4 The historic Inspiration4 mission, launched and operated by Elon Musk’s SpaceX, returned safely from orbit last month. CNBC spoke to the mission’s commander and benefactor Jared Isaacman about the experience. He spent three days in SpaceX’s Crew Dragon capsule
Ariel Skelley | DigitalVision | Getty Images If you’re remodeling your kitchen, you probably turn to a licensed contractor. Planning an expensive European vacation or Hawaiian honeymoon? You may very well have a travel agent handle the booking. So, why, when planning your financial future, wouldn’t you seek out professional help? It’s common sense. Yet
In this article HOOD BLK AsiaVision | E+ | Getty Images Despite the high demand for values-driven investing, few individual shareholders participate in corporate decisions. But some companies and funds are making it easier for investors to voice concerns through a proxy voting process. When someone buys a stock, they become part-owner of the company
There is nothing like a crisis to illuminate the benefits of basic financial skills. A staggering number of households entered the pandemic unprepared to withstand any economic shock, let alone one of the magnitude of COVID-19. The consequences are reminiscent of the 2007–2008 US financial crisis when individuals were enticed to buy homes that exceeded
Senators Mike Crapo (R-ID) and Chuck Grassley (R-IA) recently asked for an investigation into the Internal Revenue Service’s research activities, including its use of contractors to conduct studies and its security protocols. The senators are right to be concerned about taxpayer privacy, especially after ProPublica’s recent articles about the tax situations of very high-income Americans
Hollywood Hills is defined as much by geographic location as it is by the people who live there. This more than 10-acre compound in the Los Angeles residential neighborhood boasts generations of celebrity provenance. It’s now for sale at US $35 million. The current owners and sellers are 10-time Grammy-winning singer Justin Timberlake and his
A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. Karen Ducey | Reuters Boeing reported net aircraft sales for the eighth consecutive month on Tuesday, but deliveries of its Dreamliner planes remain halted as planes undergo quality checks. The aircraft manufacturer posted sales of
d3sign | Moment | Getty Images Thousands of workers across the country have been fired for refusing to comply with an employer’s Covid vaccine requirements — and may now wonder how to replace their workplace health insurance. There are a few options. They’re the same ones available to anyone who loses a job, even for
In this article SIG Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Signet Jewelers on Tuesday said it agreed to buy the off-mall jewelry chain Diamonds Direct USA for $490 million in cash, in a bid
A graphic rendering of a Pelican satellite. Planet Earth imaging and data specialist Planet Labs on Tuesday announced a new line of imagery satellites, called Pelican, as the company prepares to go public later this year. The Pelican satellites are meant to upgrade Planet’s existing constellation of 21 SkySat satellites in orbit, with launches beginning
Hinterhaus Productions Women gave birth to fewer children during the Covid-19 pandemic. If these low U.S. birth rates continue, it could have a lasting economic impact, including retirement and Social Security benefits. The total fertility rate has been declining for years. In 1964, women of childbearing age had an average of 3.2 children. By 1974,
Luis Alvarez | E+ | Getty Images After 18 months, Americans are still dealing with the coronavirus pandemic and struggling economic recovery. Job openings and hiring fell in August, all while the number of workers who quit their jobs hit the highest level in more than two decades, according to the U.S. Department of Labor.
Last week, I spoke with three individuals who discovered recently that they do not have the Medicare coverage they need. Each person’s set of circumstances is unique and their prior decisions, while understandable at the time, have turned out to be less than ideal. Consider Mick, Larry and Samantha. Mick turned 65 in December 2016.
The statutory debt ceiling has its origins in World War I when Congress streamlined federal borrowing by delegating some of its authority to the Treasury Department. And for several decades, the innovation developed smoothly, with lawmakers granting the executive branch more control over the amount and terms of federal borrowing. It took almost a quarter-century for things to
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