getty (This is Part 1 of a two-part series about life for the oldest Americans after Covid-19. Part 2 will be about forecasts for older Americans’ health care and for geriatric medicine.) After seeing the heart wrenching images of nursing home residents desperately trying to connect with their families perched outside their windows during Covid-19
Retirement
Steps to take now in the last five years before retirement some you can travel the world once work … [+] becomes and option. getty For many people, retirement has always seemed like a far-off goal. With the Coronavirus lockdown, I’ve seen an uptick in people getting more serious about setting a retirement date. I’ve
WASHINGTON, DC – JULY 21: Senate Majority Leader Mitch McConnell (R-KY) speaks to the media after … [+] weekly policy luncheons on Capitol Hill July 21, 2020 in Washington, DC. Senate Majority Leader Mitch McConnell on Tuesday promised a new round of direct payments to earners below a certain income level, similar to the $1,200
Your state pension is being robbed. Worse still, nobody wants you to know about it. Getty Expert forensic investigations reveal stealing from state pensions may be rampant, undermining the retirement security of workers. That’s an inconvenient truth that neither the inexperienced board overseeing your pension nor the Wall Streeters robbing it want you to know.
Retiree couple standing outside home Getty In our last post, we discussed the wide variety of retirees’ circumstances, preferences, and styles. A domain in which they enjoy an increasing variety of options is where they call home. One of the many rewards that comes with maturity and retirement is having new freedom to choose what
Next, we consider the joint impacts of rollup rates and payout rates on the amount of guaranteed income the annuity can support. When it comes time to begin taking guaranteed withdrawals, it is worthwhile to investigate whether applying the contract value of the annuity assets to a higher payout rate possibly available from other annuities
NEW CASTLE, DE – JULY 21: Democratic presidential candidate Joe Biden speaks about economic … [+] recovery. (Photo by Drew Angerer/Getty Images) Getty Images Likely Democratic presidential nominee Joe Biden has proposed a major new initiative to encourage state Medicaid programs to expand home and community-based care for low-income older adults and younger people with
Getty On July 6th, the SBA released borrower information for many businesses that received loans through the Paycheck Protection Program (“PPP”). The public is now able to see the “loan-level data, including business names, addresses, NAICS codes, zip codes, business type, demographic data, non-profit information, name of lender, [and] jobs supported” of any borrower who
Shot of a young man using a smartphone while having coffee at a cafe superimposed on a city… [+] background Getty “I would either not even think about solutions because I was so wrapped up in the problem, or if I did think about solutions, I would focus on how to solve the problem in
An alternative to gold Getty There are other ways to capitalize on future market mischief I think of gold this way: in times of market stress, own it…if you really have to. Gold has a reputation as a substitute for hard currencies. But there are many ways to invest to try to solve the problems
Doctor video chatting about solo Roth 401(k) by video chat. Getty Many self-employed business owners lament the fact that they do not have a corporate company 401(k) plan. They must not be aware that they can set up their own 401(k) plan that has even more flexibility than a corporate one. And those who do
Testing for COVID-19 can be done in a drive through and in some places, self administered (Photo by … [+] Marcus Ingram/Getty Images) Getty Images 5 Questions about whether you should lie to get tested My friend, we’ll call him George, had just driven north from Florida, the hottest of COVID-19 hotspots and where he
WASHINGTON, DC – MARCH 20: Senate Majority Leader Mitch McConnell (R-KY) exits a Senate GOP lunch … [+] meeting in the Russell Senate Office Building on Capitol Hill March 20, 2020 in Washington, DC. Lawmaker and Trump administration officials are in negotiations about the phase 3 coronavirus stimulus bill, which leaders say they hope to
TOPLINE The market closed flat on Friday, as investors digested mixed economic data and stocks took a hit from yet another daily record spike in new U.S. coronavirus cases. Stocks are on pace for a third straight week of gains. Angela Weiss/AFP via Getty Images KEY FACTS The Dow Jones Industrial Average was down 0.2%,
WASHINGTON, DC – JULY 17: Steven Mnuchin, U.S. Treasury secretary, speaks during a House Small … [+] Business Committee hearing on July 17, 2020 in Washington, D.C. The hearing is titled “Oversight of the Small Business Administration and Department of Treasury Pandemic Programs.” (Photo by Erin Scott-Pool/Getty Images) Getty Images To date, the Paycheck Protection
Getty The Probable Next Round of PPP Loans Based on Necessity, Minority Outreach, and Exactly What Was Said About Automatic Forgiveness for Loans Under $150,000. On July 17, 2020, the House of Representative’s Committee on Small Business held a hearing with Steven Mnuchin, the United States Secretary of the Treasury, and Jovita Carranza, Administrator of
WASHINGTON, DC – APRIL 21: Senate Majority Leader Mitch McConnell (R-KY) speaks during a news … [+] briefing at the U.S. Capitol April 21, 2020 in Washington, DC. McConnell, Minority Leader Charles Schumer (D-NY) and House Speaker Nancy Pelosi (D-CA) agreed on new $500 billion bipartisan deal to deliver more coronavirus relief to small businesses
Getty A college education is one of the biggest investments that you will make in your life. Whether it’s improving your own career path or setting aside a college fund for your kids, you will be facing a hefty bill. Costs don’t appear to be slowing either. According to CollegeBoard, the average price of college
US President Donald Trump delivers a press conference in the Rose Garden of the White House in … [+] Washington, DC, on July 14, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via Getty Images) AFP via Getty Images The Senate is expected to propose a new stimulus bill next week when
TOPLINE While many of the nation’s largest banks saw their profits plunge during the second quarter, trading revenues have surged, enabling banks to maintain strong capital positions and better position themselves to weather the coronavirus pandemic. Banks with a focus on trading are seeing better results than those with traditional lending … [+] offerings. Andrew