Retirement

Share to facebook Share to twitter Share to linkedin Photocredit: ASSOCIATED PRESS Bonds had benefited from a trifecta of cycle support. Not only were bonds in the strong period of seasonality as depicted in chart 1, but both the weekly and the monthly dynamic cycles pointed up. Chart 1 US Notes have left the strong

Is each generation trading a secure retirement for a college education? Getty It’s that time of year again in Boston. September — when the streets are jammed with a seemingly endless parade of trucks and trailers. No, it’s not carnival season. It is college season. Parents from all over converge upon a city of 700,000

Chicago River with boats and traffic from above in the morning Getty In response to my latest article on Chicago’s underfunded pensions, a commenter at my personal website shared a link to the Center for Tax and Budget Accountability to affirm his view – and that of many others – that the cause of the

In fighting the US-China trade war, China’s political elite makes a big mistake: it assumes that China has achieved “power parity” with the US. That’s according to a recent article published in the September issue of Current History. It argues that the growing economic interdependence between the world’s two largest economies has given China the

Share to facebook Share to twitter Share to linkedin Investment consulting pioneer Richard Ennis spent much of his youth hotrodding and frequenting Harry’s poolroom. Getty Richard Ennis’ new autobiographic book, Never Bullshit the Client- My Life In Investment Consulting tells the story of his misspent youth, the interest he later developed in finance theory and

Using the new Medicare Plan Finder can be a headache. Getty The new Medicare Plan Finder will be the exclusive source of information for 2020 Part D drug plans and Medicare Advantage plans. According to a CMS promotional video, beneficiaries can create an “online account for a personalized experience.” People approaching age 65 or getting ready to

For years, many workers nearing retirement have professed plans to work part-time during retirement. But few retirees have actually continued working part-time. Things are changing. A recent survey of pre-retirees and retirees shows that the gap between planning to work in retirement and doing so has narrowed. I have to confess I was a little

Donor-advised funds are becoming the prime tool of charitable giving for many Americans. The use of donor-advised funds (DAFs), also known as charitable gift funds, is likely to be more widespread primarily because of the changes to the tax rules made in the Tax Cuts and Jobs Act, enacted in 2017. DAFs give everyone else

Fiduciary responsibilities can be stressful for any business administering a 401(k) plan, with investment-related responsibilities being especially daunting. One of the most difficult investment-related responsibility is ensuring participants are paying reasonable fees for their mutual funds. This can prove to be difficult to find the cheapest, yet most effective option due to the sheer amount

You’ve seen the frightening student loan statistics, such as the $1.5 trillion in outstanding debt they now represent. And if you’re a parent of a teenager or twentysomething, you’ve probably lived them. (A recent Bloomberg BusinessWeek report said some recent college grads have so much debt and are chipping away at it so slowly, some

Trump’s Trade War Is Hurting Manufacturing Getty President Trump’s trade war is taking a toll on the economy. Manufacturing is already feeling much of the fallout due to the higher costs, fewer overseas market and greater economic uncertainty. Yet manufacturing jobs aren’t distributed evenly across the country. Not surprisingly, employment growth has slowed more in

Are you worried that you’re going to outlive your money? It’s a fair concern with interest rates low and heading lower. To put it bluntly, many well-off retirees are at serious risk of having to pick up a “side hustle” to avoid dying broke. Passive income in the popular retirement “go-tos” is simply no help

ARVADA, CO – DECEMBER 12: Nurse practitioner Katie Hubbard of Dispatch Health checks the vitals of Shelly Yeto at her home. (Photo by AAron Ontiveroz/The Denver Post via Getty Images) Denver Post via Getty Images Federal and state policymakers increasingly are interested in creating a public social insurance program for long-term care in the US.

For decades, marijuana, even for medical uses, was demonized or questioned.  When states like Colorado legalized it for recreational use, more studies began to determine provable efficacy for its use as a medicine. The Federal government still classifies marijuana the same way it classifies heroin: harmful and with no medical benefits. Now we can see

Share to facebook Share to twitter Share to linkedin On our financial coaching line, I spoke with an employee that wanted to retire to spend time with his ailing spouse. She was requiring more and more physical assistance. He also wanted to pursue some travel opportunities while they were both healthy enough to do them.

Letters in letterbox saying payment due Getty First, an apology and a disclaimer: I really do have more to say on eldercare – honest! – but squirrel! – it’s Chicago pensions in the news again and I really can’t resist. Second, both Mayor Lightfoot and Gov. Pritzker are relying heavily on new revenue from pot

ASSOCIATED PRESS It appears that KFC, Dunkin, and Burger King are joining the trend — Veganism is giving a “healthy” image to fast food chains, as they add plant-based meat alternative products to their menu. Back in April, Burger King introduced the Impossible Whopper, a plant-based burger, similar to the company’s classic sandwich. A couple of months

Source: Stock.Adobe.com The stock market is fluttering near all-time highs, but has gone nowhere for 19 months. The bond market is pushing government bond yields toward or below zero. Gold is surging. The Fed is cutting. Tweets are flying. Oh, and there’s a major hurricane bearing down on the east coast of the US. So, I can’t

Shares of Nissan, Honda, Fiat Chrysler, and Daimler are trading at deep discount to their book value, and are paying hefty dividends. Nissan Motor’s shares, for instance, are trading 51% below their book value, paying 8.6% dividend. Daimler’s shares trade at an even larger discount, 68%, paying 6.8% dividend—see table. Company Recent price Book value

CHICAGO, ILLINOIS – MAY 20: Lori Lightfoot addresses guests after being sworn in as Mayor of Chicago during a ceremony at the Wintrust Arena on May 20, 2019 in Chicago, Illinois. Lightfoot become the first black female and openly gay Mayor in the Getty Images The clock continues to tick on Chicago’s 23% funded pensions.