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…
Big ideas that could generate lifetime retirement income
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.
EBRI panelist: Retirement plan mandate needed now to solve crisis
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.
Is limiting choice the key to stop retirement leakage?
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…
The central economic debate in the United States right now is how aggressive the Federal Reserve should be in its effort to reduce inflation. Few economists are arguing against the need for higher interest rates to reduce demand, but there are tradeoffs, at least in the near term. Also, there's a question of where to stop: Even some economists who have been…
The Treasury secretary praised banking regulators for having been careful when it came to cryptocurrencies. U.S. job openings dropped in October but remained high, a sign that businesses became slightly less desperate for workers as the Federal Reserve ramps up interest rates in an effort to cool the economy. Employers posted 10.3 million job vacancies in…
Amid predictions of an upcoming recession, the Federal Reserve increased the federal funds rate for the sixth time in 2022, citing inflation risks and global conflict. “There are still really amazing opportunities out there, but I think it really requires small-business owners to think about what their goals and their plans are,” says Alyssa Dangler, a…
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, Sauk Centre and Elk River. The bank that he is accused of defrauding is MidCountry Bank in Bloomington, Minn., whose deposits were insured by the Federal Deposit Insurance Corp….
LGBTQ workers less likely to be satisfied with their job, benefits and paid leave
LGBTQ workers were less likely to be satisfied with their job, employee benefits package and paid leave, according to the 2022 Workplace Wellness Survey by EBRI and Greenwald Research.
What millennials need to know about Social Security
Assuming a modest reduction in benefits is a prudent step to ensure retirement plans will meet future needs.
