At the beginning of the year, investors were euphoric about the potential for interest-rate cuts from the Federal Reserve. As of April 19 a blend of profit numbers for the S&P 500 companies that have reported first-quarter earnings and analyst expectations for those that haven't showed a 0.5% increase in net income for the quarter, according to FactSet.
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Lisa McElhone, 44, of Philadelphia, told a federal judge Monday that she dodged taxes owed in Pennsylvania by lying on tax forms about where she and her husband lived. Though they spent most of their time at their $2.5 million Haverford home and, in his case, working out of Par Funding's Old City offices, the couple claimed to be residents of Florida, which has no state…
What tips can you offer retirees with health issues who are planning some trips? If you're traveling abroad, the U.S. consulate or embassy in the countries you're visiting is a good place to get a referral. Or use the International Society of Travel Medicine's directory at ISTM.org.
Stubborn inflation might affect assumptions the Federal Reserve will cut interest rates this year. "Recent data suggest it may take more time than I had previously thought to gain greater confidence in inflation's downward trajectory, before beginning to ease policy," Boston Fed President Susan Collins told Reuters. Q: Will the Federal Reserve still cut rates…
Best practices for identifying compliance risks
ComplianceĀ incident managementĀ involves identifying, evaluating and mitigating incidents that might constitute breaches of laws, regulations or company policies.
Help parents of special-needs children plan for their financial future
Parents of a child with special needs are haunted by one question: āWho will take care of my child when Iām gone?ā
What to do about Medicare and Social Security when you move
Do I need to notify Social Security and Medicare about the move? ANSWER: Yes, if you're a Social Security and Medicare recipient you definitely need to let these Federal agencies know when and where you move so there are no hiccups in your benefits or coverage. You can update both your Social Security and Medicare contact information online by simply using the "My…
The U.S. Federal Reserve has a highly unenviable taskā to drive inflation back down to its target rate of just 2%. In June 2022, inflation had soared to a 42- year high of 9%. To the Fed's credit, by June 2023, inflation had declined to 3.1%.
Understanding IRA Required Minimum Distributions
In 2019, IRAs represented one-third of total U.S. retirement assets, providing an important income source for retirees.1 But, just as you formed a strategy and adhered to rules for investing in your IRA, you must also understand when and how to take your required minimum distributions. You are permitted to delay the first distribution until April 1 of the year…
Women are candid about their fears and concerns when it comes to their health.
Trade groups express concern about regulatory process on DOL fiduciary rule
A group of 11 industry trade associations sent a letter to the U.S. Department of Labor and others expressing concerns about the regulatory process with regard to the Department of Laborās proposed āRetirement Security Rule: Definition of an Investment Advice Fiduciary.ā
7 in 10 preretirees say ‘no way’ they can retire at age 65
As more Americans begin turning 65 this year than at any other point in history, many are coming to grips with a cold reality: this is not going to be their parentsā retirement.
Women share their challenges in the financial services industry
As women make their way up the corporate ladder in the largely male-dominated financial services industry, many have faced obstacles.
Working backward to move forward: Debt management strategies
By Renee Hanson Tackling debt can feel like navigating a maze. For individuals burdened by high levels of debt, the…
Empower reaches tentative deal with 13 ex-advisors it sued for poaching
Empower reached a settlement agreement with 13 advisors who left the firm to create a competing advisory business.
āThe European Central Bank will likely use its Thursday meeting as a prelude to a first interest rate cut in June as the rich worldā s central banks, including the ECB and the U.S. Federal Reserve, assess how soon receding inflation will let them loosen credit for businesses and consumers. Broad stock market indexes fell immediately in the U.S. on Wednesday and bond…
Investors pummeled U.S. stocks on April 10, lopping over 400 points from the Dow Jones Industrial Average, after a hotter-than-expected March inflation report that will likely force a major reset of Federal Reserve interest-rate cut outlooks. Headline inflation quickened to an annual rate of 3.5% last month, the Commerce Department said on April 10, while…
In 1913, Woodrow Wilson and his progressives promised that the Federal Reserve would avert both depressions and inflation, while preventing the wealthy from controlling America's financial markets at the expense of the poor. The Fed was designed to transfer wealth from the American people to the government, mostly through the hidden tax of inflation.
āMagic numberā for a comfortable retirement surges to $1.46 million
The āmagic numberā for a comfortable retirement has reached an all-time high at $1.46M, rising more than 50% since the pandemic began.
Nearly two in three Americans say they worry more about running out of money than death with concerns about inflation, Social Security and taxes contributing to the fear, according to the 2024 Annual Retirement Study from Allianz Life.
