Don't be shortsighted when it comes to planning for retirement. When you're making financial decisions, especially for your golden years, you definitely want to make them with a long-term perspective. One of the first realizations people must consider is that retirement could encompass a period of 20 to 30 years for some people.
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The U.S. Attorney for the District of Utah, Trina A. Higgins, issued the following news release on June 2, 2023:. A Utah woman pleaded guilty Tuesday to securities fraud and admitted she devised a scheme intended to defraud investors and obtain money and property, under false pretenses, to benefit her company, ProSky Inc.. From February 2015 through February 2020, in…
Jun. 1— A federal judge on Thursday described Joseph LaForte— founder of besieged Philadelphia business lender Par Funding— as a "menace" and ordered him jailed until his trial in a $550 million fraud and extortion case. U.S. Magistrate Judge Richard A. Lloret said he'd been convinced by prosecutors that LaForte, 52, of Philadelphia, had attacked, threatened, or…
Two Lake Norman men, one who owns a lakefront mansion and the other who owns a lakefront home, pleaded guilty Thursday to wire-fraud conspiracy, admitting they stole from unsuspecting investors, federal prosecutors said. Cornelius residents Marlin Hershey and Dana Bradley, both 53, coaxed dozens of victims to invest in unregistered securities, U.S. Attorney…
How financial advisors can retain clients in uncertain times
To receive the referrals they need to grow their business, financial advisors must retain happy clients in uncertain economic times.
The stock market has traded in a fairly narrow range in recent weeks, holding its breath for a deal on the debt ceiling and for signs of oncoming recession. The market is also awaiting future Federal Reserve actions. Bulls and bears have been in a standoff— debating whether a weaker economy will cause the Fed to cut rates and boost stock prices or whether an oncoming…
While there is plenty to discuss regarding what is happening in the stock market and the economy, much of it consists of the same actions and reactions that we've been talking about for a year and a half. During this time, we watched the Federal Reserve label the inflation as "transitory." Furthermore, over the last year, Wall Street was aware of the Fed's intentions as…
Putnam County resident Andrew Brown, age 55, of Putnam Valley, was convicted of defrauding members of the Law Enforcement Employees Benevolent Association, a labor union for law enforcement officers employed by New York City, the US Attorney's Office for Southern District of New York announced on Wednesday, May 31. Brown, along with former LEEBA President and…
(The Hill) — America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask. The…
Carrie Tolstedt, the former head of Wells Fargo & Co.’s Community Bank, agreed to pay a $3 million penalty stemming from charges brought in…
Advisors increased client engagement as markets got stormy, study says
As consumers grappled with financial challenges, most financial advisors surveyed said they increased their level of client engagement.
Mindy McCubbin: The four waves to a $100M practice
How did Mindy McCubbin grow her assets under management from $0 to $100 million in less than five years?
The keys to understanding the Delaware Fund Series
When it comes to investing, understanding the various investment vehicles available is crucial.
The dynamics of retirement planning have dramatically shifted as Americans navigate inflation, market volatility, financial crises, fears of bank failures and other challenges.
The U.S. Attorney for the Eastern District of New York, Breon Peace, issued the following news release on May 25, 2023:. At the federal courthouse in Central Islip, John Quadrino was sentenced by United States District Judge Joan M. Azrack to 41 months' imprisonment and over $3.3 million restitution for directing a Ponzi scheme utilizing Princess Cut Industries,…
—Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money held in a trust pilfered by a manager, a Singapore court ruled Friday, the latest scandal for the Swiss bank whose yearslong problems forced its takeover by a rival. Ivanishvili in 2004 put more than $1.1…
Study: insufficient retirement savings could add $1.3 trillion government burden
The chronic problem of Americans insufficiently saving for retirement could cost state and federal governments trillions of dollars.
People who are considering retiring at the end of this year need to be doing a number of steps now to see if it is possible to do so and achieve the best outcome. All retirement planning starts with one thing and that is income planning. One of the first decisions many people make is deciding when to start receiving Social Security benefits.
Debt ceiling ‘X-Day’ is coming. What should an investor do?
What should investors be doing to cushion whatever economic blow might come their way from a a debt ceiling government default?
A recent series of bank failures in the United States has highlighted problems with regulation and supervision by the U.S. financial authorities. The U.S. Federal Reserve Board has released a report examining the March failure of Silicon Valley Bank, a regional bank in the state of California. The collapse of the U.S. banks was partly due to the Fed's interest…
