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
Retirement
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.
Estee Lauder Looks Unstoppable Even In A Volatile Market. © 2017 Bloomberg Finance LP After losing 4.5% early on, the S&P rallied back nicely to close August down only 1.6%. In contrast, Wayne Himelsein, one of my best managers, closed the month nicely positive, up about 1.9%. Wayne does well in volatile markets. Today, I
Author’s wife wearing a sombrero in Mexico Chuck Bolotin Perhaps you’ve thought about moving to Mexico, or perhaps you have a loved one who is considering it. Either way, you’re almost certainly dealing with all the objections arguing against the move. We certainly did, before we moved. Friends, family, and even almost complete strangers were
Pedestrians pass in front of a Charles Schwab office building in New York on in January. Schwab just released a report on the use of advisors in retirement plans. Photographer: Gabriella Angotti-Jones/Bloomberg © 2019 Bloomberg Finance LP Most retirement plans, such as 401(k)s, typically lock you into a plan that offers a small selection of
Should we income investors buy any bonds right now? Bond prices have rallied, but the rear view mirror doesn’t help any new money we’re putting to work right now. Meanwhile interest rates are tanking, which tends to defeat the point of purchasing fixed income in the first place. But, stocks are on a roller coaster