Advisors

Charlie Watts of the Rolling Stones on stage during the band’s 1997-98 Bridges to Babylon tour. Paul Natkin | Archive Photos | Getty Images One of the greatest rock ‘n roll bands in the world recently lost their beat. Charlie Watts, who died on Aug. 24, had been the drummer for the Rolling Stones since

Charnchai | iStock | Getty Images If you’re among the many workers hoping to find a better position elsewhere, be sure to pay attention to the 401(k) plan account you’re leaving behind. Roughly 55% of workers say they’re going to look for a new job in the next year, according to a recent Bankrate survey.

vitapix | E+ | Getty Images Tax breaks for retirement plans, such as 401(k) plans and individual retirement accounts, may reward workers for saving more money, but these write-offs may also be widening the racial wealth gap. That’s according to a new analysis from the Tax Policy Center that is based on the Federal Reserve’s latest Survey

FatCamera Most workers over age 40 don’t have sufficient retirement savings and aren’t setting aside enough to catch up, according to a survey from the Insured Retirement Institute. Despite the nest egg shortfall, many still expect to retire early and believe they will have ample retirement income.   More than half of older Americans have less

Prostock-Studio | iStock | Getty Images If you get your health insurance through the public marketplace and are nearing age 65, don’t forget about Medicare. The general rule is that you must enroll when you reach that age unless you have qualifying coverage elsewhere — and plans through the exchanges (whether federal or state) do

Cecilie_Arcurs | E+ | Getty Images With fewer employer pensions these days, some retirees are hesitant to draw down their nest eggs. However, older Americans may spend more freely with a guaranteed source of income, such as Social Security or a private annuity. That’s according to a research paper that examines spending in retirement. The

PeopleImages | E+ | Getty Images In his poem “If,” British author Rudyard Kipling famously wrote that learning to “keep your head when all about you are losing theirs” is part of growing up. That very statement is also part of growing wealth. I wish I could go back to March 2020, when some investors

FG Trade | iStock | Getty Images Help may be on the way for workers who lose track of their 401(k) accounts as they move from job to job throughout their careers. Under a proposal included in retirement legislation that’s pending in Congress, an online “lost and found” database would be established to help locate

@Sabi32 | Twenty20 One in 3 American families couldn’t handle a mid-sized financial emergency before the pandemic, according to a report from the Stanford Center on Longevity and the Global Financial Literacy Excellence Center. Roughly 27% of American families couldn’t cover an unexpected $2,000 expense within a month, and 33% were struggling to make ends

JEFF KOWALSKY | AFP | Getty Images Federal unemployment benefits officially expire on Labor Day — but state administrative rules require that aid to end a few days earlier than some workers may anticipate. All states pay weekly benefits according to a schedule that ends on a Saturday or Sunday. However, the American Rescue Plan

krisanapong detraphiphat | Moment | Getty Images About 1 in 3 of the lowest-income families have a savings account, according to research published Monday by the Consumer Federation of America, a consumer advocacy group. Thirty percent of households in the bottom fifth — those who earn less than about $26,000 a year — owned a

In this article ROST GCShutter | E+ | Getty Images The entire cryptocurrency market climbed to more than $2 trillion over the weekend for the first time since mid-May. Bitcoin, one of the more popular digital offerings, also surged to more than $48,000, though it has already lost some of those gains. If you’re like

Sawitree Pamee / EyeEm | EyeEm | Getty Images When a financial advisor discusses the appropriate asset allocation for a portfolio, they are essentially trying to construct a plan that maximizes expected returns based on a given level of risk. The advisor pays less attention to the behavior of an individual security and instead focuses

katleho Seisa With inflation fears high and interest rates at rock-bottom lows, retirees may wrestle with how much cash they need during their golden years. The consumer price index, a key measure of inflation, increased by 5.4% in July from the previous year, and the average savings interest rates are still 0.06%, making cash reserves

Hector Pertuz | iStock | Getty Images If you’re handling the financial affairs for an older person who has died, you may wonder how the government knows to stop sending Social Security payments. Or maybe there’s a surviving spouse or dependent who is hoping those benefits can continue. Although Social Security rules can be complicated,

Money in a special needs trust can cover supplemental needs not covered by Medicaid and SSI. Uwe Umstaetter | Getty Images Democratic leaders in Washington, D.C., have touted a $3.5 trillion spending package aimed at helping to fight poverty. Yet initial drafts have not included proposed reforms to enhance Supplemental Security Income — also known

In this article MS BLK skynesher | Getty Images Direct indexing, which allows investors to buy the stocks of an index, instead of purchasing a mutual or exchange-traded fund, may soon be available to more investors. While ultra-high-net-worth people have historically used the strategy, those with fewer assets may soon have access as more financial

Kieferpix | iStock | Getty Images When it comes to retirement savings, how much is enough in order to feel financially secure? The median answer across workers of all ages is $500,000, according to research from the Transamerica Center for Retirement Studies. But that figure varied somewhat across generations. While the median number for Gen

Peter Cade | Getty Images It looks like some older workers might get a boost in how much extra money they can put in their retirement accounts. So-called catch-up contributions — amounts permitted above the usual contribution limits — would be expanded for workers in their 60s, under legislation pending in Congress. While the details

Pent-up demand is bringing shoppers back to malls like the Mall of America in Minneapolis. Owen Franken | Corbis Documentary | Getty Images After being hobbled by the pandemic recession, real estate investment trusts are rebounding rapidly, and the economic recovery isn’t the only thing driving growth this year. Share prices are rising from demand