Advisors

MoMo Productions | DigitalVision | Getty Images For some retirees, getting a large pension payment can become a big problem. Let’s say a pension plan mistakenly has been paying a participant too much and requires the person to pay back the money, typically through reduced future payments. That can cause many a retiree a lot

In this article COIN Dado Ruvic | Reuters As older Americans worry about the size of their nest eggs, some may eye riskier assets, such as cryptocurrency, to cover their shortfall with the possibility of higher returns. “It’s a tough predicament, and I think a lot of people will find themselves in that space,” said

Getty Images As the market soars and more older workers retire, those sitting on appreciated employer stock in their 401(k) plans may have an opportunity to pay lower taxes on part of that growth. The strategy, known as net unrealized appreciation, or NUA, allows someone to lock in lower capital gains rates rather than paying

Virojt Changyencham | Moment | Getty Images Stocks took a steep dive on Monday amid fears that the coronavirus pandemic will be hard to pull out of. The Dow Jones Industrial Average shed more than 700 points by mid-day. The S&P 500 is down 1.9%, and the Nasdaq Composite has lost 1.6%. Despite the uncertain

Whether transitory or not, inflation has investors rattled. “Many clients have brought up inflation as a concern,” said Jimmy Lee, the CEO of Wealth Consulting Group in Las Vegas. “They’re hearing it all over the place.” Inflation last month accelerated at its fastest pace in 13 years. The consumer price index rose nearly 1% in June,

Scott Olson | Getty Images Inflation surged more in June than it has in more than 10 years, and the news has investors worried. That’s because rising prices can erode a portfolio’s profit. Most simply, as the cost of living swells, your returns don’t go as far. That’s a particularly tough challenge for retirees, who

10’000 Hours | DigitalVision | Getty Images Target-date funds have ballooned in popularity over the past 15 years — yet many investors aren’t using them the way they were intended. The funds were designed as a one-stop shop that put retirement savings on autopilot. Investors are meant to park their nest egg in one fund,

Pascal Broze | ONOKY | Getty Images Rising inflation has startled many retirees, who now worry about outliving their savings. The consumer price index for June, measuring the cost of food, gasoline, housing, utilities and other goods, increased by 0.9%, the largest one-month change since June 2008, according to the Labor Department. Although Federal Reserve

Rolf Bruderer | Tetra images | Getty Images The greatest wealth transfer in history is underway, and taxes may take a bite from inheritances without proper estate planning, financial advisors say. It’s estimated that nearly 45 million U.S. households will transfer more than $68 trillion over the next 25 years, according to Cerulli Associates. Baby

Yuriko Nakao | Getty Images When it comes to investing in the new and highly volatile asset class of cryptocurrencies, most financial advisors have at least one piece of wisdom: Don’t put in more than you can afford to lose. But while that rule of thumb is helpful, it’s pretty general. And so advisors are

In this article MS Thomas Barwick When it comes to gender or racial diversity, the wealth management industry falls woefully short. Just about 23% of certified financial planners were female as of 2020, while less than 4% were Black or Latino, according to the CFP Board, which certifies planners. Executives from Morgan Stanley and Northwestern

In this article 9988-HK 9888-HK FISV Leon Cooperman on CNBC’s “Halftime Report.” Scott Mlyn | CNBC Billionaire investor Leon Cooperman said Tuesday that stock picking is key to superior returns going forward as the overall market has grown stagnant after a historic rebound from the pandemic hit. “In terms of my long-term outlook, to be honest

LaylaBird There could be one more big bump in the road as the economy recovers from the Covid-19 pandemic: a market correction. Moody’s Analytics economist Mark Zandi is warning there may be a 10% to 20% pullback in the markets prompted by the Federal Reserve’s current policies. In fact, the dip may have already started,

boonchai wedmakawand | Moment | Getty Images While it’s not guaranteed that taxes are going up for wealthy Americans, it does look likely. To help fund the American Families Plan, the Biden Administration has proposed increasing capital gains taxes to 43.4%, including the net investment income surtax of 3.8%, from 23.8% for those who are

Ariel Skelley | DigitalVision | Getty Many consider 529 college savings plans to be for education, but these accounts also offer a flexible way to transfer wealth.  There’s currently an estate tax exemption of $11.7 million per person. Although President Joe Biden campaigned on slashing the write-off to $3.5 million, it hasn’t been part of

Thomas M. Barwick | Getty Images As investors become more interested in cryptocurrencies, financial advisors are feeling a new urgency to offer the investments to clients. About 49% of advisors said clients have asked about cryptocurrencies in the past six months, up from 17% in 2020, according to the Financial Planning Association and the Journal

Commemorative dogecoins on display in Yichang, China on May 14, 2021. Barcroft Media | Barcroft Media | Getty Images When my clients ask about dogecoin, many say they are intrigued about the potential investment because of the news and excitement around it. As the conversation gets more serious about investing in cryptocurrency, I ask why

Tara Moore | Getty Images Social Security beneficiaries could be in for a bigger cost-of-living adjustment next year, if current economic trends continue. But just how much farther an increase to those monthly benefit checks will go will depend a lot on inflation. The Senior Citizens League, a nonpartisan senior group, released its first official

In this article MBAYX Caiaimage/Robert Daly | Getty Images Chances are that deciding when to claim Social Security likely will be one of the biggest retirement choices you will ever make. Yet a recent survey from MassMutual found that many pre-retirees are getting key facts about the program’s rules wrong — and just one mistake

Aimstock | Getty Images If you receive Social Security or Supplemental Security Income benefits and are still waiting on a stimulus check, you should file a tax return as soon as possible in order to get your money, the Social Security Administration said. The announcement pertains to the first $1,200 and second $600 economic impact