Retirement

Key Takeaways An analyst from JP Morgan has highlighted just how similar the stock market and bond market is behaving compared to the 1969 recession. Not only that, but there are a range of economic factors that look eerily similar too, such as rising oil prices, increasing interest rates and substantial government stimulus. So how

Twice over the past few weeks I’ve heard a variation of the same story: An older adult tells her primary care doctor she is feeling severely depressed. Each time, the physician responds by saying depression is normal for seniors. Something like, “What do you expect? You’ve got aches and pains. Your friends are dying. It

The beginning of the new year is a good time for pre-retirees and retirees to reflect on their goals and recent events that may have affected them. You’ll feel better if you make sure you’re still on track to be financially secure for the rest of your life, no matter how long you live and

Key Takeaways Salesforce is cutting 10% of its global workforce, equating to around 8,000 jobs which will be lost. Amazon is also cutting a much higher number of employees than originally planned, with their figure of 10,000 cuts revised up to 18,000 Rumors continue to swirl that Google parent company Alphabet will be laying off

During the holidays you may have noticed how your relatives have aged and couldn’t help but reflect on your own genetics. Face it. At some point you’ll have to ask your “first degree” relatives – those who share half of your genetic information like siblings and parents (and offspring) — embarrassing questions. The holidays might

Nursing homes have probably been the absolute last choice of where to go for any impaired elder in need of some care. The average age of a nursing home resident is 86. Many folks are there because they have no other option. About 60% of the 1.4 million residents receive Medicaid as their only payment

The S&P 500 lost 18.11% during 2022, when you include the return from dividends. If you’re retired or soon-to-be retired, should this development be a cause for concern? You might not have reasons to be worried if you implemented a strategy that prevents you from experiencing life-changing losses and if you can maintain a positive

Is the Secure Act 2.0 a game-changer for retirement savings? A set of modest but real improvements? Or a costly giveaway to the rich? Yes, I’m late to the party in writing about this legislation, included in the omnibus spending bill signed by President Biden last week. Summaries of the key provisions can be found

There are pluses and minuses to moving anywhere far away from what you are used to; things you will gain and things you will give up. In this article, I’ll describe what you would have to give up if you moved to Mexico. I separated my list into two groups: things you will objectively have

This is the year to pursue the dream: Quit your job and move to one of the cheapest (and best) places to live in the world, a country where it costs so little you might be able to stop working. For the past six years, I have been examining the cheapest countries to live around

You’ve saved and saved your money to build a hefty retirement savings account. You’ve trusted your retirement investment manager to build those assets. Whether you’re an employee saving in the company’s 401(k) or a business owner saving in your own retirement savings vehicle, if you’ve got a competent provider and the discipline to save, you

If you have never inherited an IRA, you might be surprised at how complex life can be for you unless you have a handle on the rules of the road. While an IRA is an easy asset to inherit because it bypasses the probate process, trouble lurks beneath the surface is you are not savvy

In June 2021, when the State Teachers Retirement System of Ohio was facing intense criticism from retired teachers for lack of transparency regarding its riskiest investments, State Auditor Keith Faber came to the pension staff’s rescue—somehow granting STRS Ohio the auditor’s Highest Achievement in Open and Transparent Government Award. In a stunning turn of events,

With the holidays soon gone, the annual January spending hangover awaits. It’s around this time when families have to pay credit card bills and face the splurge of spending that they undertook in December. With the holiday damage on top of mind, it also provides a fantastic moment to help teach, guide or inform your

A backup residency and alternate citizenship are critical pieces of an offshore diversification plan and more important today than they’ve ever been in history. Your options for residency overseas are many. Some countries offer a dozen different programs, including “self-sufficiency” options that you qualify for by showing a guaranteed minimum monthly income. Aside from proving

2022 has been a challenging year. We’ve experienced the highest inflation in four decades, double-digit losses in both stocks and bonds, the Federal Reserve aggressively raising interest rates, a never-ending war in Ukraine, continued lockdowns in the world’s second-biggest economy, gas prices shooting through the roof, a slowdown in the housing market, and more. Tough

Key Takeaways Big tech has been hammered this year, with the tech heavy Nasdaq Composite down 34% in 2022. Some analysts believe that the current environment is going to make it difficult for growth focused tech stocks to bounce back. Value investing could be for a renaissance, after a decade of low interest rates sent

So, you thought New Year’s resolutions were for losing weight and giving up eating corn dogs. Naw, the most exciting New Year’s resolutions are estate planning commitments. So, when you head off to Times Square to watch the ball drop, take along pen and paper so you can jot down all your estate planning commitments.

In early October of this year—a month before Sam Bankman-Fried’s crypto empire FTX began to unravel—I warned Forbes readers “If you are a participant in a state or local government-sponsored pension fund, then a portion of your hard-earned retirement savings is likely invested in cryptocurrency or a cryptocurrency-adjacent enterprise.” I cited a 2022 study published

You may have noticed a series of articles appearing throughout the year lamenting the demise of the classic 60/40 asset allocation strategy. This investment philosophy calls for portfolios to be composed of 60% stocks and 40% bonds. In theory, this asset class diversification should shield investors from the downside. As rates have risen and the