Retirement

Now that 401(k) investors are free to jeopardize their retirement security by gambling on private equity and crypto, maybe its time to allow lottery tickets in 401(k)s. Get ready for “slots of fun!” In June 2020, the U.S. Department of Labor opened the door for plan sponsors to add private equity funds to their 401(k)

Topline Cruise stocks tanked on Wednesday after yet another major Wall Street firm warned that weak demand and higher costs could sink industry profits and lead to another demand shock, with Morgan Stanley cautioning that Carnival shares could lose all of their value if the economy falls into a recession. Key Facts Shares of Carnival

At a recent conference, I had a conversation with James, a sales representative from Florida, about Medicare. He is retiring this fall and has decided he’s going to get a Medicare Advantage plan. I asked him how he came to his decision and he replied simply, “I don’t want to pay all that money for

The standard format for overseas retirement—that is, permanent relocation to a new country—isn’t for everyone. For many, applying for and the implications of residency abroad aren’t worth the hassle. Others have a hard time landing on just one retire-overseas locale or want to see as much of the world as possible, traveling without limitation. Overseas

Topline Stocks fell for a second day in a row on Tuesday as markets failed to build on last week’s strong rebound from 2022 lows, with investors once again selling off shares amid looming recession fears and new economic data showing that consumer confidence plunged to a 16-month low. Key Facts Stocks erased earlier gains

Topline A leading indicator for housing market activity—pending home sales—unexpectedly jumped in May and reversed six straight months of declines, according to new data from the National Association of Realtors on Monday, though experts warn that higher mortgage rates will continue to weigh on demand. Key Facts Pending home sales, which measure signed contracts on

Earlier this month, the National Academy of Social Insurance released its new report, “Economic Security for the 21st Century.” It came out of the Academy’s 2019 – 2021 Economic Security Study Panel, the goal of which was to “assess economic insecurity and present policy options to better provide stable and adequate income,” with twin objectives

All economists know that lowering prices by creating recessions hurts the most vulnerable and makes inequality worse. We would welcome a tool that helps boost savings and wealth for the non-rich in times of inflation. Larry Marsh is getting attention for his proposal to slow inflation humanely with digital currency accounts held at the Federal

Topline The share prices of U.S. gun- and ammunition-makers shot up Thursday after the Supreme Court struck down a New York law restricting concealed carry, the widest expansion of gun rights in over a decade that could lead to further rollbacks across the nation. Key Facts In a 6-3 ruling on Thursday, the U.S. Supreme

If you’re approaching retirement or have recently retired, you might be concerned that the recent decline in the stock market or high inflation could derail your retirement. And indeed, there are good reasons to pay attention in today’s uncertain environment. But instead of being paralyzed with worry or making the wrong moves, channel your fear

Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. Key Facts Stocks snapped a three-week losing streak on Friday: The Dow Jones

Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices ahead of the midterm elections in November, analysts at Goldman Sachs warned on Friday, adding that the central bank may feel “compelled” to keep hiking rates aggressively.

Some elders live in multi-generational households and family is always nearby. Most do not and millions of seniors live far from their families, on their own. Whether widowed or living with a spouse or partner who is also impaired, the aging parent can create incessant worry for their adult children. No one wants to take

So, What estate documents do you really need to have? Here’s a list and explanation of each. If you’re missing anything or not certain what you have or whether you need more, call your estate attorney, and follow up. If you don’t have an estate attorney, ask your CPA or wealth adviser for a referral.

Topline With oil prices down this month, billionaire investor Warren Buffett is once again buying the dip by adding to one of his favorite energy stocks, as his investing conglomerate Berkshire Hathaway purchased roughly $500 million worth of Occidental Petroleum shares this week. Key Facts Buffett’s Berkshire Hathaway purchased roughly 9.5 million shares of Occidental

Topline Stocks fell on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, predicting that markets could tank even further as the Federal Reserve aggressively raises interest rates to combat inflation. Key Facts The market’s rebound from a day earlier petered out as stocks

Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed” to doing so until there is “compelling evidence” that inflation is normalizing. Key Facts In his semiannual testimony on monetary policy to Congress, Powell faced questions from

There are so many books, articles, podcasts, and shows about planning for retirement that it might seem overwhelming to you. With so much information coming at you, it’s possible to lose sight of your overall strategy and not see the forest for the trees. To help you focus on the most important decisions, you’ll want

Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of Ukraine, some experts are now predicting that prices will decline by next year. Key Facts Energy prices have been surging in recent

The period when you transition into retirement is one of the most critical times of your life. It’s comparable in importance to the period when you transitioned into adulthood, roughly between ages 20 and 30. Think about it: Your decisions during that time put your life on a course with implications that have likely lasted