Retirement

Pension or lump-sum offer? Getty General Electric (GE) recently announced they had frozen their defined benefit plan and were offering lump-sum pension payouts to about 100,000 retirees. GE will also discontinue making pension contributions after 2021. This follows a similar action by Ford to freeze their defined benefit pension for their retirees. A Ford executive

Share to facebook Share to twitter Share to linkedin Advisor advising Getty Most of the country’s 300,000 or so financial advisors get paid via sales commissions or else an annual percentage of the assets they oversee. The planners on this list are very different. They are paid the way lawyers are paid: by the hour

You’ve probably heard by now that investing just got a little bit cheaper. Now cheaper isn’t necessarily better, especially for those of us hunting for safe, meaningful yields to fund our retirements. We’ll get to our diversified 3-click, 7.4%-yielding portfolio (including a couple monthly payers) in a moment. But first, more on the no-commission craze.

Getty In Jennifer Petriglieri’s new book, Couples That Work: How Dual Career Couples Can Thrive in Love and Work, the organizational behavior professor at the European graduate business school INSEAD puts things bluntly: Having two partners pursuing active careers “can create tension, conflicts, and sacrifice.” But, she adds, “it can also create mutual growth, fulfillment,

Many banks and financial firms are investing in AI and seeing positive return from applying AI throughout their operations. AI-based systems are helping to make more informed, safer and profitable decisions. However, with any technology that’s used in a heavily regulated industry there are challenges and pushbacks to adoption. Kumar Srivastava Bringing AI innovation to

New funds are rare in the closed-end fund (CEF) world. But there’s a new kid on the block throwing off a monthly 6% dividend. Today we’re going to run through this new fund to see if it might have a place in your portfolio. 6% Dividends and Netflix-Like Growth—in 1 Fund I’m talking about the

Russ Kliman Every fall, I attend the Finovate conference in New York City, where dozens of fintech entrepreneurs from around the world present apps and services they’re rolling out for consumers and financial institutions. In recent years, I’ve been disappointed by how little I’ve seen for people 50+; nearly all the consumer presentations were aimed

Worried that potential impeachment trials are going to pressure your retirement portfolio? It’s a fair concern. So, let’s talk about ways to protect our stocks and bonds from political drama. First, let’s dispel the myth that the news drives the markets. Markets are smart, and they usually “sniff out” eventual outcomes before they become obvious

CHICAGO, IL – OCTOBER 01: Illinois gubernatorial candidate J.B. Pritzker speaks during a round table discussion with high school students at a creative workspace for women on October 1, 2018 in Chicago, Illinois. Pritzker was joined by his Illinois Getty Images Yesterday, Illinois Gov. JB Pritzker’s task force released its report proposing consolidation of the

Getty Do you know if your retirement portfolio is overexposed to growth stocks? Over the last decade, growth stocks have performed significantly better than value stocks. Over the past year, however, it appears the pendulum has swung to favor value stocks and recent data suggests the trend is accelerating. For the quarter just ending September

Gifts have to be reported on Gift tax returns which are complicated! Getty If you are like many wealthy taxpayers, your CPA and/or tax attorney have just finished a grueling, down-to-the-deadline, tax filing for gift tax returns. Many of these gift tax returns were triggered out of prudent efforts by taxpayers planning to reduce their

Billionaire Warren Buffett, speaks during a news conference of International Metalworking Companies (IMC) in Dalian, Shangdon province, China, on Wednesday, Oct. 24, 2007. Buffett said investors should be “cautious” about China’s stocks as prices surge. Photographer:Kevin Lee/Bloomberg News BLOOMBERG NEWS Editor’s Note: The original version of this article was published in the October 2019 issue

Money sack and leaves with growing coin stack on green tree background. (Photo by / Getty) Getty Investors planning for retirement have a significant challenge on their hands, which is to generate enough income to maintain their desired lifestyle, explains Ben Reynolds, a leading specialist on income, a contributor to MoneyShow.com and the editor of

Getty By Sam Meenasian, Next Avenue Contributor Many boomers want to change careers for a variety of reasons: to reduce stress; to learn something new; to follow their passion; to find a change of pace or to stay ahead financially. But it’s easy to make mistakes and overlook factors that are critical to changing careers

If you’re like most income investors right now, you’ve got one eye on this twitchy market—and the other on red flags like slumping manufacturing numbers, chaos in DC and even the dreaded inverted yield curve. I’m worried, too. But our best play here is not to sit in cash. With your mattress full, you’ll be

Meet Dylin and Allison Redling. They spent most of their 20s figuring out what they wanted to do when they grew up. Neither had any serious ambition, or anything that looked like a comprehensive life plan. Dylin categorizes people as either go-getters, which he and Allison certainly were not, and slackers, a group he says

The logo for General Electric appears above a trading post on the floor of the New York Stock Exchange, Friday, Aug. 16, 2019. General Electric rebounded 6.7% after reporting late Thursday that its CEO had bought 250,000 shares of GE stock. GE had ASSOCIATED PRESS This morning, CBS News and other news outlets reported that

A 2018 Forbes article reported that the cost of college education is increasing almost eight times faster than wages in the United States. As these numbers continue to rise, it’s not surprising that many people are looking for assistance to defray education-related expenses. If you have adult children, partially funding your grandchildren’s education can be

The U.S. economy remains at a crossroads. A strong consumer and U.S. Federal Reserve (Fed) rate cuts could save the day and help boost it; or manufacturing weakness, trade war-induced drops in confidence and the lagged effects of tighter Fed policy in 2018 could lead to recession. Many equity investors have dismissed the yield curve’s

Coaches are everywhere these days.  What used to be the province of the playing field or the ice arena, now is common to the board room, the gym, the hospital delivery room, the concert stage, and more recently, the retirement arena. I have been coaching recent and prospective retirees for the past eight years. It