Advisors

NicolasMcComber | E+ | Getty Images Whether you’re new to investing or have been in the market for years, you may feel a little bit like you are lost at sea looking for a safe harbor. Investors are contending with a confluence of market forces such as inflation, interest rates increasing, and the Russia/Ukraine conflict. 

Drakula & Co. | Moment | Getty Images When it comes to retirement planning, earlier is generally better, but several factors affect how much young women are saving, according to financial experts. For retirement planning purposes, the demographic termed “younger women” may include Gen Zers, millennials and some Gen Xers with 20 years or more

Sallie Krawcheck, CEO and co-founder of Ellevest and author of “Own It: The Power of Women at Work.” Slaven Vlasic | Getty Images Entertainment | Getty Images Sallie Krawcheck knows what it is like to be one of the few women in the room. She led the wealth management business of a major Wall Street

FG Trade | iStock | Getty Images After rebounding from the short-lived pandemic recession, the U.S. economy has faced multiple threats in 2022, sparking investor fears of a prolonged downturn.  Annual inflation reached a 40-year high in March, prompting the Federal Reserve to raise its benchmark rate by half a percentage point, the biggest hike

Luminola | E+ | Getty Images Amid high inflation and rising interest rates, there are fears of a prolonged stock market downturn, and some retirees may be vulnerable without a cushion of cash, financial experts say. However, there’s also the risk of crumbling purchasing power, with annual inflation growing by 8.5% in March, the U.S.

D-keine | E+ | Getty Images Money, for all the opportunities it affords, can be a major source of stress and anxiety if you’re not used to having it. Coming into sudden wealth, whether via inheritance, a career windfall or luck in the lottery, can create serious emotional and financial challenges for people who have

In this article AMP Luis Alvarez | Digitalvision | Getty Images In my long career of recruiting experienced financial advisors, I’ve seen how different economic cycles have impacted retention and attrition. In times of uncertainty, advisors crave stability and want to work with a firm with the financial foundation to weather the storm. Alternatively, when

Marko Geber | DigitalVision | Getty Images If you’re eyeing ways to fight swelling prices, I bonds, an inflation-protected and nearly risk-free asset, may now be even more appealing. I bonds are paying a 9.62% annual rate through October 2022, the highest yield since being introduced in 1998, the U.S. Department of the Treasury announced

Consumers are spending more to keep up with the surging cost of living and it may get worse before it gets better. “Even though wage growth has been the best in decades, it’s been outpaced by increased household costs,” said Greg McBride, chief financial analyst at Bankrate.com. “With inflation at a 40-year high, that has

GlobalStock | Getty Images Deciding at what point you will collect Social Security benefits may be one of the biggest decisions you make in retirement. Yet many people who are at or near the age when they face that choice may need to brush up on the program’s rules before they do. MassMutual recently gave

Newly minted graduates are in for a shock. Although the job market and starting salaries for the Class of 2022 look significantly better than last year, they may fall far short of graduates’ expectations. Employers plan to hire about 31% more new degree holders from this year’s graduating class than they hired from the Class

Building wealth is cool. That’s a mantra of Modern Blk Girl, a community aimed at teaching Black women the importance of investing and wealth creation that was founded by Tiffany James when she was just 25. Like most newly minted college graduates, James had student loan debt and was living just barely within her means

Tetra Images | Tetra images | Getty Images There’s a recent uptick in states swapping tiered income taxes for a flat tax, charging the same rate to all residents, regardless of earnings. Over the past 100 years, only four states have changed from graduated rates to flat taxes, according to the Tax Foundation. Another three

Israel Sebastian | Moment | Getty Images There are some financial goals more pressing for adults right now than bulking up their nest egg. For 2022, just 17% have made saving for retirement their top financial priority, according to First National Bank of Omaha‘s latest financial wellness survey. And nearly half of respondents — 46%

Westend61 Whether you got a refund or owed money this tax season, it’s never too soon to start thinking about next year’s bill.  Boosting your 401(k) contributions for 2022 may provide two benefits: reducing your adjusted gross income while also padding your retirement savings.   What’s more, there’s a higher 401(k) employee deferral limit for 2022,

Kali9 | E+ | Getty Images The loss of a spouse is up there with the most challenging experiences you might face in this lifetime. With the understandable barrage of emotions you might face, it is probably hard to imagine taking concrete steps to secure your financial future. But this is exactly the time to

Sean Gladwell | Moment | Getty Images Inflation is at a 40-year high. That means consumers are losing buying power at a faster-than-usual pace. Just how quickly is inflation eating away at your savings? The so-called rule of 72 can help gauge its long-term impact. This rule of thumb is generally applied to investment returns.

kate_sept2004 Summer vacations plans could be in flux this year. This time, it’s not because of Covid-19. Instead, high prices due to inflation may prompt prospective travel goers to switch up their plans. In fact, 69% of adults who say they will take a vacation this summer anticipate changing their travel plans as prices have

Your end-of-life experience may be very different depending on where you live, according to a Policygenius report that ranks the country’s best and worst places to die.  The report gave each state and the District of Columbia a numerical score based on seven factors, including funeral costs and services, green burials, palliative care, Medicare providers,

Alxeypnferov | Istock | Getty Images As more people head back to the office, they may not be able to rely anymore on their work wardrobe from more than two years ago. Their tastes or size may have changed during the pandemic, or their company might have amended expectations around professional attire. Restocking your closet