More than two-thirds of American investors (67%) feel like their financial safety net has been taken away from them as a result of the events of 2022, up drastically from 47% of people who said so one year ago.
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As the end of the year approaches, it’s easy for our clients to become distracted by the events of the last year rather than looking ahead to the possibilities the new year could bring.
Dear Ready to Claim: Since you are past 70 years of age, you have already maximized your Social Security benefit based on your current lifetime earnings record— that occurred when you turned 70 in June. However, since you're still working, Social Security will review your earnings every year to see if your more recent earnings warrant a further increase to your…
The first is the federal funds target rate, which is the rate the Federal Reserve and Jay Powell set. The key word there is "typically," because over the last month, that rate has dropped from 7.16% to 6.4%, according to the Mortgage Bankers Association. "It depends on what the market outlook for the future of the economy at large is," said Karan Kaul, who researches housing…
COLUMBUS, Ga.– Two Columbus investors fell victim to a national fraud scheme that defrauded them more than $369,000, according to the United States Attorney's Office for Middle District of Georgia. Today, the Securities and Exchange Commission charged venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, 29, with fraudulently…
DES MOINES— Small and midsized businesses and employees alike are anticipating a recession, but most businesses are not preparing to reduce employee salaries, according to a national survey from Des Moines- based Principal Financial Group. The survey polled 500 business owners or leaders at companies with 2-10,000 employees and 200 full-time employees in…
Americans recently surveyed said they would need $1.25 million to be able to retire. But is that possible for most Americans?
All but the wealthiest retirees or those with minimal spending needs require a strategy that will increase the likelihood of their nest egg outliving them. In general, every retiree wants a comfortable lifestyle and no worries about running out of money. Recent indications from the Federal Reserve suggest interest rates that are now in the 3-4% range will…
–Investors are feeling increased pressure on their financial and retirement plans in today's turbulent economic environment, according to Nationwide's eighth annual Advisor Authority survey, powered by the Nationwide Retirement Institute. "As the holiday season approaches, it may be best to take a break from obsessively checking retirement balances,"…
Worries about inflation weighed on Wall Street Friday, leaving major indexes mixed after a report showed wages for U.S. workers are accelerating, which is good news for them but could feed into even higher inflation for the nation. The S&P 500 ended 0.1% lower after having been down as much as 1.2% earlier in the day. That fed expectations for the Federal Reserve to…
A panel of financial industry leaders looked at simple ways that retirement plans could generate lifetime paychecks for workers.
The woke firm run by woke CEO Larry Fink is finally facing some much-needed fire. That makes Fink the guy who holds the fate of $10 trillion worth of investments in his hand— and the guy the governments of the world, including in America, as well as the financiers and bankers of the world, including the Federal Reserve, go to for just about all money-making decisions.
All but the wealthiest retirees or those with minimal spending needs require a strategy that will increase the likelihood of their nest egg outliving them. In general, every retiree wants a comfortable lifestyle and no worries about running out of money. Recent indications from the Federal Reserve suggest interest rates that are now in the 3-4% range will…
In a recent survey from Ameriprise Financial, more than three out of four Americans said they have taken at least one step to build generational wealth, but what exactly constitutes "generational wealth"— and how can you achieve it? The most common answer, according to survey respondents, is wealth in excess of $500,000 that's passed down to loved ones.
The solution to America’s retirement savings crisis is an obvious as mandating all employers provide a retirement plan, said Ed Murphy, president and CEO of Empower Retirement.
A panel at Employee Benefit Research Institute’s Retirement Summit discuss how to plug retirement fund leaks – and how far to go with solutions.
Nov. 30— ROCHESTER— A Wisconsin real estate investor, who often buys and sells multi-million dollar properties in the Rochester area, is facing three federal charges of bank fraud. On Nov. 17, Matthew Thomas Onofrio, 31, was indicted by a grand jury and charged by the U.S. Attorney's Office with three counts of bank fraud involving Minnesota properties in St. Cloud,…
A: For 2023, the annual gift-tax exclusion will increase from $16,000 to $17,000. The lifetime estate exclusion will be $12.12 million for individuals and $24.24 million for couples. A: The standard deduction for 2022 is $12,950 and $25,900.
Our goal here at Credible Operations, Inc., NMLS Number 1681276, referred to as "Credible" below, is to give you the tools and confidence you need to improve your finances. Although we do promote products from our partner lenders, all opinions are our own. For borrowers with credit scores of 720 or higher who used the Credible marketplace to select a lender between…
The Labor Department approved the rule last week, just two days before the Thanksgiving break. Labor Department officials said the Trump administration rules“ unnecessarily restrained” fiduciaries’ ability to weigh ESG factors when choosing 401 investments. “A final rule is necessary to reverse the rule’ s chilling effect on the integration of ESG factors…
