Retirement

Topline With the stock market rising significantly from its low point nearly two months ago, tech stocks appear to be back in vogue after being shunned by investors during the widespread selloff earlier this year, once again leading the market higher as investors snap up shares. Key Facts Though investors piled into defensive sectors—such as

Many employers with Defined Benefit Plans provide an option for a retiree to take a lump sum instead of a monthly pension. With interest rates rising quickly, the calculations used to value a lump sum will likely change dramatically and may offer a significant timing opportunity. Lump Sum Math: Lump sums are computed with a

Topline Several Wall Street experts are warning that despite moving higher in recent weeks, the stock market still has further to fall—with recent gains likely to be nothing more than a “bear market rally,” as investor concerns about Fed rate hikes and slowing economic growth continue to weigh on markets. Key Facts Despite an earnings

Retirees are getting doubly squeezed by inflation and declines in their retirement savings; many pre-retirees are understandably worried as well. For many seniors, it’s a déjà vu from the 1960s and 1970s, when the United States experienced high inflation and stock market volatility. To address this issues and shore up your retirement finances, you’ll want

Topline Meme stocks surged higher on Monday—with shares of Bed Bath & Beyond jumping nearly 40%, while GameStop and AMC also rallied—as retail traders bought up shares in a coordinated effort, causing some experts to warn that meme stock mania has made a comeback. Key Facts Brick-and-mortar retailer Bed Bath & Beyond rose roughly 35%

A complete financial education should include learning about widespread unsavory Wall Street business practices—not merely the legitimate or meritorious. Young investors should be taught what happens day-to-day in the real world of finance, not just how things are supposed to work in a perfect world where everyone plays by the rules. Schools and professors who

“When in doubt, zoom out.” A lot of things that I’ll never remember cross my purview on Twitter, but this one from Sahil Bloom stuck. The rhyming helps, but it’s not just a clever line. It’s applicable in life and especially when dealing with money, where finding and maintaining perspective is vitally important. This is

Topline The stock market fell Friday after the U.S. economy added back a better-than-expected 528,000 jobs in July, with investors now anticipating that a strong labor market will keep the Federal Reserve on its path of aggressive interest rate hikes to bring down inflation. Key Facts The Dow Jones Industrial Average was down 0.3%, over

Calpers, the nation’s largest public pension, recently unloaded about $6 billion of its stakes in private equity funds to second-hand buyers reportedly at a roughly 10 percent discount to their value. That suggests either the pension’s opaque private equity holdings were not truly worth $6 billion (likewise, its remaining $40 billion-plus in private equity holdings

The passing of the 2019 Secure Act changed the rules about when non-spouse beneficiaries must begin taking money from inherited retirement accounts. Starting in 2020, instead of stretching withdrawals over your lifetime, most investors inheriting an IRA from a parent were subject to a new “10 year rule.” This meant annual required minimum distributions (RMDs)

We live in a society that values youth and seems to dismiss elders as less than important. We hear of age discrimination in employment, but not so much about age discrimination in our healthcare system. It does exist, as we see from personal experience at AgingParents.com and through the reports of our clients seeking advice.

Topline The stock market rallied on Wednesday, reversing losses from earlier this week thanks to stronger-than-expected economic data which helped offset lingering recession fears, even as Federal Reserve officials continue to promise more rate hikes to bring down inflation. Key Facts Stocks rebounded after back-to-back losing sessions earlier this week: The Dow Jones Industrial Average

Many seniors and retirees are being hit with a double whammy these days: Inflation is quickly approaching 10%, and their retirement investments might have dropped by 10% to 20% due to recent declines in the stock and bond markets. At the same time, however, it’s possible that their home equity has appreciated significantly, which could

Topline An increasing number of Federal Reserve officials are pushing back against the latest market rally, dismissing recent optimism about an upcoming “pivot” in monetary policy as wishful thinking and warning that the central bank will be forced to continue aggressively raising rates until inflation meaningfully declines. Key Facts Markets rallied to their best month

You’d have to be Rip Van Winkle to be unaware of the suffering and costs from this summer’s heat waves, wildfires, and severe weather events. Fortunately, the financial and retirement industries are galvanizing to help address and mitigate the financial and health consequences for everybody—and seniors and retirees are particularly vulnerable. Diverse and respected sources

Topline Global stocks tanked ahead of House Speaker Nancy Pelosi’s planned visit to the democratically governed island of Taiwan on Tuesday, a move which has led to rising tensions with China and that has rattled investors concerned about additional geopolitical uncertainty in markets. Key Facts U.S. stocks opened lower: The Dow Jones Industrial Average fell

Topline The stock market fell on Monday despite recently posting its best month since 2020, as investors continue to worry about a potential slowdown in corporate earnings, more rate hikes from the Federal Reserve and whether the economy will fall into a recession. Key Facts Stocks opened lower: The Dow Jones Industrial Average fell 0.1%,

Small businesses are an economic powerhouse. According to the Small Business Administration, companies with fewer than 500 employees make up 99.9% of the businesses in the US—and they generate 44% of our total economic activity.1 An overwhelmingly large number of these small businesses are owned and operated by families. Some are pillars of their communities,

There’s no escaping the litany of advice when it comes to developing good 401(k) habits. But what about those bad habits that sneak up on you when you least expect it? These hard-to-break mannerisms can, unfortunately, leave you with a less than comfortable retirement. Here are a handful of bad 401(k) habits. Do they sound

Most of us, no matter our age, don’t like to say we’re “old”. We say “mature” or “getting older” or some other euphemism. We associate old age with infirmity and dependency. And we never know who among us will get old and become dependent on others. In the interest of being proactive, we at AgingParents.com