Retirement

By Kyeland Jackson, Next Avenue When Kevin White talks about his family home, a smile crosses his face. The Minnesota native created memories in the house. His father built it in the 1960s, tucking it into the quiet forests and hills of Mazeppa, Minnesota. An unused oven reminds White of his mom. The smell of

People of the United Kingdom solemnly mourn the passing of their beloved Queen QUEEN , as do many Brits in the U.S. Whether we Americans comprehend the importance of the monarchy or not, it is clear that the people of her country revered her. Their widespread grief is understandable. What is puzzling is how some

We know how the Covid-19 pandemic killed older adults. We are still learning about its other effects on seniors. And the picture is both complex and often difficult to look at. A study by Michael Barnett of the Harvard T. H. Chan School of Public Health and colleagues (paywall) finds that residents of nursing homes

Share to Facebook Share to Twitter Share to Linkedin Stocks have continued to struggle for direction since a hotter-than-expected inflation report earlier this week dragged markets to their worst single-day drop since June 2020, with the Dow plunging over 1,200 points. While inflation remains stubbornly high, investors have grown increasingly concerned that the Federal Reserve

Across human society, bargaining power is determined by which party can most “afford” to leave the relationship. If workers can leave their job at a lower cost, they have more bargaining power than if the costs of quitting or retiring are high. When asking for a raise a person or union must consider basic economics:

Kathy enrolled in Medicare at age 65 and signed up for a Medigap Plan G (Medicare supplement insurance) and a Part D prescription drug plan. Three months later, she was diagnosed with cancer and fears she may need chemotherapy. Kathy told me that, when checking the plan details page on the Medicare Plan Finder, she

Many families will face the reality that at some point an aging loved one must go to a nursing home, also called “rehab”. These homes provide things assisted living homes are not licensed to give; namely skilled care. For example, an aging parent has surgery and needs therapy during the recovery period. They are sent

Even small companies can sponsor 401(k) plans. These attractive employee benefits offer the fastest path to saving more money to build a healthy retirement fund. You may imagine these vehicles are most appropriate for larger companies. Certainly, these mega-plans get a lot of attention. But did you know owners with just a few employees may

Topline The stock market moved higher on Monday, extending recent gains ahead of a key inflation report this week, with investors hoping for more signs that high consumer prices have peaked as the Federal Reserve continues to aggressively hike interest rates. Key Facts Stocks continued to rally after notching their first weekly gain in a

The rapid labor market recovery over the past two and half years has not been enough to shrink persistent racial gaps in employment, jobs and wages. The labor market has recovered remarkably quickly after the pandemic induced recession. Since September 2021, the overall unemployment rate has been below five percent and since December 2021, it

Financial planning, as a relatively new profession, has experienced a rapid pace of evolution. Initially, it began as an aggregation of previously segregated financial industry services—brokerage, banking, and insurance—but it took a major leap forward when the first class of Certified Financial Planner™ (CFP®) designation holders graduated in 1973. The completion of this five-course curriculum

By Nancy Collamer, Next Avenue I’ve never much enjoyed doing crossword puzzles. But this past summer, I got hooked on Wordle. For those who are unfamiliar, Wordle is a free web-based word game that became wildly popular during the pandemic. Each day, you’re given six attempts to guess one five-letter word. The goal is to

By Chris Farrell, Next Avenue If you want to take a conversation in an interesting direction, ask a group of adults what they think is the most popular age for entrepreneurship. The typical answer in my experience is the younger generation. Among older adults, Steve Jobs (Apple AAPL ) and Bill Gates (Microsoft MSFT )

Topline The stock market surged higher on Friday, with stocks on pace to snap a three-week losing streak as investors shook off Federal Reserve Chair Jerome Powell’s recent comments about more interest rate hikes from the central bank for the foreseeable future. Key Facts The Dow Jones Industrial Average was up 1.2%, nearly 400 points,

Estate planning and end-of-life planning can be extremely complex. It is also a topic area many people want to avoid because it forces us to face our own mortality and the what-ifs of life and death. However, just as we plan for a good life, we should plan for a good end of life. Part

Topline The stock market moved higher on Thursday even as recession fears continued and investors assessed comments from Federal Reserve Chair Jerome Powell, who pledged that the central bank is “strongly committed” to bringing down inflation with rate hikes for the foreseeable future. Key Facts The Dow Jones Industrial Average was up 0.6%, nearly 200

For many families, trusts can be a useful vehicle for passing wealth to the next generation or generations. That’s not their only benefit. Trusts also can be used to help reduce taxes, avoid probate, give to charity and even manage assets if the trust owner becomes disabled. While sometimes considered the domain of the ultrawealthy,

Imagine, for a moment, a functioning, well-developed system for improving the lives of frail older adults. Imagine that, instead of our current chaotic, dangerous, and needlessly expensive patchwork of care for seniors, the U.S. had a well-coordinated care model that leverages and supports paid aides, family caregivers, safe and appropriate housing, and new technology. And

Every financial advisor, wealth manager and financial institution will offer to help customers reach a “successful retirement”. They manage investments, and the focus is on making money last for life. Great. But they leave out a critical piece of the picture: successful retirement takes much more than adequate financial planning. What else is there? A

Topline The stock market fell in volatile trading on Tuesday, adding to sharp losses in recent weeks as investors assessed the latest round of better-than-expected economic data, which points to more aggressive interest rate hikes from the Federal Reserve. Key Facts The Dow Jones Industrial Average was down 0.6%, nearly 200 points, while the S&P