Retirement

Wayne Himelsein is buying Mastercard.  © 2019 Bloomberg Finance LP The S&P 500 made a new all-time high last week. Wayne Himelsein, one of my best managers, bought Mastercard even though his confidence in the market has been somewhat weakened by the failure of the Dow and Nasdaq to confirm the S&P 500’s new high,

Runder Besprechungsraum mit Konferenztisch und modernen Stühlen Getty There has been a lot of reaction to the Business Roundtables “Statement on the Purpose of a Corporation” where 180 CEO’s signed a statement on companies being responsive and committed to delivering value not only to shareholders but to all stakeholders including customers, employees, suppliers, communities, and

Share to facebook Share to twitter Share to linkedin Photocredit: Getty Getty There is a projected turning point on the 16th. The market has been rising, and the index is up against its July 26th all-time high. We can expect a pullback. The market is unlikely to make a new low, but let us look

Last Saturday’s sophisticated attacks in heavily guarded ARAMCO’s facilities by Houthi insurgents change the game for the oil market, and for ARAMCO’ Initial Public Offering (IPO). That’s according to Athens-based oil analyst Theophanis Matsopoulos. For the oil market, Matsopoulos sees disruption in oil supplies and rising tensions between Saudi Arabia and Israel on the one

“Who would have thought that a half white/half Korean boy from a lower income, predominantly Hispanic neighborhood would be involved in a tussle with a titan of finance and its army of Ivy League attorneys?” says Johnny Burris. Burris “I’m no hero,” Johnny Burris told me yesterday. “Fighting a desperate battle against one of the largest banks

Where are you going to find meaningful income to get you through retirement? Not from popular stocks, with the S&P paying less than 2%. And bonds won’t help either, as their yields are in the tank, too. Instead let’s consider real estate investment trusts (REITs), which are tailor-made for investors who are at or nearing

In a second, I’m going to reveal three real estate stocks that are much better than buying rental property of your own. Why? Because this trio: Pays a 9.3% dividend, on average—with one yielding an incredible 11%. I think you’ll agree that this is a pretty tough return for most “real” landlords to get. Takes

Felicity Huffman leaves federal court in Boston. (AP Photo/Michael Dwyer) ASSOCIATED PRESS A federal judge sentenced actress Felicity Huffman to prison. Here’s what you need to know. College Admission Scandal Huffman, an Oscar-nominated actress and a star of Desperate Housewives, will serve 14 days in jail for her role in the largest college admissions scandal in

Using the new Medicare Plan finder can be like trying to find a needle in haystack. Getty As of October 1, 2019, the new Medicare Plan Finder will be the only source of information about Part D and Medicare Advantage plans. This is 14 days before the very important Open Enrollment Period begins. Those who

Black man trying to understand Roth IRA. Getty Many people casually throw around the terms Roth IRA and traditional IRA, but there are significant differences, with pros and cons to each. This article explains the value of a Roth IRA as a savings instrument.   Roth IRAs, like traditional IRAs, can accumulate money faster than

Investors watch a stock trading board at a Shanghai brokerage firm. More U.S. pension money is mandated into China’s stock market. Some in Washington DC see a chance of making sure Fed employee pensions never go in there. Photographer: Qilai BLOOMBERG NEWS Make no mistake about it, wheels are in motion to ban some $49.5

© 2019 Bloomberg Finance LP The US-China trade war has provided Indian Prime Minister Modi with an opportunity he couldn’t refuse: to change the game in Kashmir for China and Pakistan. Back in August New Delhi terminated Article 370 of the Constitution, asserting its power in the disputed Kashmir region. This week, India called on

A power of attorney can be a powerful document. Yet, it is often overlooked in estate planning. People tend to focus their energies on their wills and trusts, naming someone to serve as their power of attorney at the last minute. This is an important decision and not one that should be taken lightly. Here

Source: Stock.Adobe.com How to avoid the danger of relying on “annual returns” to evaluate your portfolio Like other sports fans, I am drawn to how a player is doing during the current season. After all, sports is very much about being in the moment, and in this season. The old Brooklyn Dodgers cry of “wait

Are you responsible for keeping the wheels rolling on your company’s 401(k) plan? It’s probably not your main job, and that’s the problem. Supersize firms can afford to hire dedicated staff to manage and administer their 401(k) plan. You can’t. And if it’s your own firm, you may not want to. You may prefer keeping

Welcome to Illinois sign along the state border Getty This is something of a postscript to last week’s articles on Chicago’s pension debt, as I ask myself how realistic the prospects for reform truly are, and try to tie up some remaining loose ends. In particular, with respect to the former, I’ve been chewing on

Caitlin Boston paid off $223,000 of student loan debt. Courtesy of Caitlin Boston When Caitlin Boston finished paying off $223,000 of student loans, she did something amazing. She made a music video of herself dancing in a purple catsuit. Boston, who’s 34, lives in Brooklyn and works in the tech industry, amassed more than a quarter million dollars

If you’re like most pre-retirees, retirement planning starts by asking if you’ll have enough income during your retirement. If it appears you’ll generate adequate income, the focus shifts to tax and investment techniques that will maximize this income. In other words, “given my income, how can I retain more of it?” However, if you’re upper

Today I’m going to show you how one savvy buy can help you turn $100K into a $500,000 windfall. Plus, you’ll “automatically” build yourself a tidy monthly income stream—I’m talking $2,700+ here—without lifting a finger. That’s enough for many folks to retire on. At the center of it all is a little-known group of investments

Estate Planning is more than just having a will, it is about planning for a good end of life. Getty When I ask retirees if they have an updated estate plan in place, I get a mix of responses. Some people recognize their estate plan is lacking, as millions of Americans either don’t have one