Retirement

By Ellen Marks, Next Avenue It might come as an email, disguised as a message from a friend who needs help buying a gift card. It might be a phone call, threatening jail time if you don’t immediately pay a fine for missing jury duty. Or it might be a budding online relationship with someone

Topline The stock market moved sharply lower on Friday, adding to recent losses despite stronger-than-expected jobs data, as investors continue to remain nervous about a slowdown in economic growth and rising recession risks. Key Facts The Dow Jones Industrial Average was down nearly 1.5%, roughly 500 points, while the S&P 500 lost 1.8% and the

The American Association of Colleges for Teacher Education recently released a troubling report on the state of teacher preparation. Between the 2008-09 and the 2018-19 school years, the number of people completing a teacher education program plummeted by almost a third. The analysis also found that the number of bachelor’s degrees awarded in education dropped

Topline The stock market moved sharply lower on Thursday, reversing most of its gains from the previous session when the Federal Reserve raised interest rates by a half-percentage point, as volatility remains elevated and investors continue to worry about risks to economic growth. Key Facts Stocks plunged: The Dow Jones Industrial Average was down 2.6%,

Topline The stock market surged higher on Wednesday after the Federal Reserve raised interest rates by 0.5% in a move widely-anticipated by investors, as the central bank continues on its path of aggressive monetary policy tightening in a bid to combat surging inflation. Key Facts Stocks moved higher following the Federal Reserve’s announcement: The Dow

By Anna M. Rappaport We all want to avoid disappointment and unpleasant surprises later in life. Many people retire in their 60s or early 70s without considering some of the challenges they will likely face later in life. They save money, do their planning and retire with the feeling that all will be well. But

Running to the sidelines in today’s market environment could result in significantly lower long-term returns It was a challenging first quarter for equity investors. After a relatively calm 2021, volatility was on the rise. The Dow, S&P, and NASDAQ all finished the quarter in the red, turning in their worst quarterly performance since the first

When looking to buy a house or just needing some quick cash, it’s not uncommon for people to look to their retirement accounts for easy money. I usually advise against this and feel it can cause more damage to your financial security than good, and I’d like to explain why. Spoiler alert: we’re going to

There is a lot of discussion around the favorable benefits of Roth IRAs, but for many higher-earning Americans, contributions to Roth IRAs are out of reach. The IRS begins limiting contributions to individual Roth IRAs at higher income levels (the current maximum income for eligibility is $144,000 per year for a single filer). However, there

When you picture an 89 year old, you might think of a frail older person who maybe does a lot of TV watching. But not this 89 year old! Maureen is as sharp as any person you might meet at any age. She looks healthy, sounds clear, and knows what she wants. What’s her secret

Topline Stocks finished slightly higher on Monday, attempting to find their footing after last week’s brutal sell-off, but Wall Street experts warn that even after the market’s worst month since the onset of the coronavirus pandemic in March 2020, investors should be wary of more volatility ahead. Key Facts Stocks inched higher on Monday, notching

Technology has been hit or miss when it comes to our money. While fintech apps promise to make managing our money simple if not even enjoyable, not all of them deliver. I’ve tested hundreds of personal finance apps and tools over the years. Here are 5 of the best money apps I’ve found to manage

Women in traditional marriages, as many of our aging parents are, frequently leave the earning and directing of finances to their husbands. Some are in long-term, unmarried relationships that have the same feature. The man handled the money. We also know that statistically, women tend to outlive their men. Where does that leave the aging

So far, 2022 has been an extremely unkind year to investors. To recap, as of this writing: · The S&P 500, which tracks the 500 largest US stocks, is down over 10% · The technology heavy NASDAQ NDAQ , that has delivered stellar performance for over a decade, is down nearly 18% · The Russell

It’s hard to find many reasons to be bullish on the stock market right now. On the other hand, there are many reasons to be bearish, at least in the short term, from war to inflation to monetary tightening to fiscal spending declining in 2022. From an investing standpoint, a far more transformative event than

Topline Stocks plunged on Friday and hit new lows for 2022, wrapping up a brutal sell-off this month as investors continued to dump tech shares amid ongoing uncertainty around an economic slowdown caused by surging inflation and the prospect of aggressive interest rate hikes. Key Facts The Dow Jones Industrial Average fell 2.8%, over 900

By Chris Farrell, Next Avenue Carline Bengtsson, age 59, retired in September 2019 after a nearly 27-year career as an engineering program manager with Medtronic MDT , the global medical technology company headquartered in Minneapolis. She launched her for-profit social enterprise Dine4Dinners in June 2020, despite the pandemic. “I would say I got the idea

By Lazetta Rainey Braxton, Next Avenue Inflation, the increasing costs of everyday expenses, has slowly crept its way into our lives like undesired weight gain; at some point, you’re guaranteed to feel the pinch at almost every turn. With rising prices, Gen Xers face spending more money now to maintain our current lifestyle while feeling

When establishing a Plan B or backup residency, most people look for the easiest option… but “easiest” isn’t a one-size-fits-all concept. You also want to consider how difficult the residency, once obtained, is to maintain. As well, there are different kinds of residency programs—those intended specifically for retirees, for example, and those you qualify for

What if you could invest your money in ways that also help achieve positive environmental and social impacts? Now you can — with an investing strategy known as socially responsible investing, or SRI. Also known as environmental, social and governance (or ESG) investing, this strategy allows you to invest your money in ways that align