Retirement

Topline The stock market moved lower on Thursday—pushing the S&P 500 to the brink of bear market territory—as investors continued to offload shares following warnings from major retailers about inflationary pressures, which have added to fears about aggressive rate hikes tipping the economy into a recession. Key Facts The Dow Jones Industrial Average fell 1%,

Topline Amid heightened recession fears, major Wall Street firms now warn that the ongoing market selloff, which is on track for seven consecutive weeks of losses, could get much worse—with stocks set to plunge by another 20% or so if the economy heads towards a looming recession. Key Facts Recession fears have spiked this week,

Topline The stock market selloff resumed on Wednesday amid reinvigorated fears about surging inflation weighing on economic growth, as several major retailers have now reported that quarterly profits took a hit due to rising cost pressures. Key Facts The selloff on Wall Street intensified by the afternoon: The Dow Jones Industrial Average fell 2.5%, over

At long last, a full-length documentary film focused upon the greatest financial challenge facing our aging Baby Boomer population today, as well as younger workers: How to fund a secure retirement that may span decades. For some, retirement may last longer than their working years. The Baby Boomer Dilemma, An Expose of American’s Retirement Experiment

Topline Billionaire investor Warren Buffett has used the ongoing market sell-off as an opportunity to buy the dip and add several new major positions as his investing conglomerate, Berkshire Hathaway, deployed tens of billions of dollars into stocks during the first quarter, according to new regulatory filings. Key Facts Buffett’s Berkshire Hathaway took advantage of

Topline The stock market moved higher on Tuesday in an attempt to bounce back after six consecutive weeks of heavy losses, as investors digested the latest comments from Federal Reserve Chair Jerome Powell, who pledged to keep raising interest rates until inflation starts “coming down.” Key Facts Stocks widely rebounded, paring back some of the

Topline With the stock market falling for the last six weeks in a row amid growing concerns about an economic slowdown and the Federal Reserve raising interest rates to combat inflation, an increasing number of Wall Street experts are warning of now “uncomfortably high” recession risks, with rising odds of a downturn within the next

The stock market has taken investors on a wild ride over the past several months. It is during these volatile times that I experience a higher volume of calls from individuals who are concerned about their retirement assets and wondering what they should do. My most concerned callers are those who are getting ready to

2022 has given us plenty of reasons to fear for our financial health—inflation, rising interest rates, and a global conflict are the big three that have sent stock and bond markets into one of the more volatile stretches we’ve seen, at least since the initial shock of pandemic shutdowns roiled markets in 2020. However, as

Those who are retiring now might have waited too long. Don’t let this happen to you. You might be thinking retirement is too far away to worry about. If you plan on claiming your gold watch within the next ten years, it’s not. In fact, if your last day is less than five years away,

It’s nothing new when your stubborn aging parent refuses help. Maybe they have been generally stubborn for as long as you can remember. But with aging, you see them less and less able to do things, and you worry. Aging takes its toll on independence with everyday things like shopping, driving, cooking, and laundry. It

By Richard Eisenberg, Next Avenue If you are a boomer or Gen Xer and have wondered why your millennial and Gen Z colleagues work the ways they do, you can be pretty sure they’re wondering the same thing about you. But in their new book, “Gentelligence,” Miami University management professor Megan Gerhardt (a 45-year-old Gen

By Erin Flynn Jay, Next Avenue Consumer inflation accelerated to an annual rate of 7.5% in January, the fastest pace in 40 years, according to the Bureau of Labor. Rising costs of food, energy and shelter inflation hit retirees on fixed incomes the hardest. Like many people who are no longer working, Dolores Macrina, a

By Chris Farrell, Next Avenue Janie Morisette taught school in Hardin, Montana, for 32 years before retiring in 2019. Her long-time home, with five bedrooms, 2.5 baths, and an attached garage, was too much home for a 72-year-old. She and her daughter, who lives in St. Paul, Minnesota, decided that Morisette would move to St.

You can hear profound statements in the most unlikely places. A few years ago, when I was 61 or so, I was in a water aerobics class here in Mexico. One of my classmates was a woman a good bit older than me who told me that after building her dream home with her husband

Topline Markets tanked on Thursday, continuing one of the worst starts to a year in history as mounting losses dragged the benchmark S&P 500 index to a new low point for 2022 and investors continued to offload stocks amid ongoing uncertainty. Key Facts The stock market yet again failed to rebound from recent losses: The

It’s happening right now. Just as many committed themselves to “The Great Resignation,” the market has decided it doesn’t like the prevailing economic conditions. And with that, those on the cusp of retirement may be rethinking their decision to leave the workforce. This is a form of risk that has made the rounds over the

Following last week’s election results, at least five members of the Board of the $100 billion State Teachers Retirement System of Ohio are not under the direct influence of any union or the pension’s Wall Street-friendly, overpaid investment staff. Soon the new Board will be free to vote to restore much-needed transparency, complete the independent

Topline Markets are so far having one of their worst years in history as investors are whipsawed by rising inflation, tighter monetary policy from the Federal Reserve and Russia’s war against Ukraine, but despite the ongoing volatility, Wall Street analysts see opportunities and recommend a basket of defensive and stable stocks. Key Facts With markets

It’s rare that I write about something personal, but I am making an exception here. I just spent the last five days as the sole caregiver for Jenny, a friend from childhood who lives in a very small town in the mountains of California. Jenny is 70 and has a rare form of cancer. Her