Note: This is last week's column, which inadvertently didn't run in last week's newspaper. Thanks to Jerome Powell and his crew at the Federal Reserve, interest rates are about 5 percentage points higher than they were a year ago. One of the leaders in Teradyne Inc., based in North Reading, Massachusetts.
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One year ago— May 2022— we featured this article emphasizing HIT focusing on Health care, Inflation and Taxes. One year later we need to add "S." Is your retirement income taking a HITS?
Whether you are decades away from retirement or it's right around the corner, it's important to separate fact from fiction when it comes to planning for your post-work life. Here are five common— and often costly— myths that often mislead people about life in retirement. Keeping them in mind can help you avoid missteps and achieve your goals for a happy and…
By Robert Burgess/ Bloomberg Opinion. This time they rose 0.7 percent for April as measured by the Commerce Department, topping the 0.4 percent median estimate of economists. Instead, they are helping to increase the odds that the Federal Reserve can bring the economy in for a mythical "soft landing," avoiding a deep recession that throws millions out of work and…
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From many middle-class and lower-income households living paycheck to paycheck to financial pressures on community and regional banks and the commercial real estate sector, the U.S. and global economies face plenty of challenges. The Federal Reserve's latest quarter-point interest rate increase was another attempt by the U.S. central bank to curtail…
The company specifically targeted older people with retirement accounts and right-wing political views, according to an August 2020 email from a Red Rock Secured employee to a provider of ad space cited in the SEC complaint. The SEC claims that the advertised 1-5% markup was false and that the coin prices were in fact marked up as high as 130%, allowing the…
Three former executives associated with the Lake Oswego- based firm Aequitas Management were found guilty of conspiring to commit mail and wire fraud in the District Court of Oregon Monday, May 15, after raising nearly $300 million from defrauded investors. Former executive officer Robert J. Jesenik of Lake Oswego and executive vice presidents Andrew N….
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A new survey from the Nationwide Retirement Institute shows consumers are fearing the worst: 68% expect a recession within the next six months and nearly 80% of those who do, expect it to be severe.
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Every year, investors use 529 plans to save for their loved ones' educations. A recent change to U.S. law provides more flexibility for 529 plan assets. In December 2022, SECURE Act 2.0 was signed into law to enhance retirement savings opportunities for Americans.
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Americans’ confidence in having enough money to live comfortably in retirement declined significantly in 2023, according to a recent survey.
When you go to the doctor, you explain what feels wrong or share your symptoms for them to diagnose the problem. The same is true for our business as financial advisors.
Depending on who you ask, the U.S. economy is either headed for a soft landing post-recession or an apocalyptic downturn the likes the world hasn't seen since the Great Depression. While the truth probably lies somewhere in the middle, both schools of thought seem to have the same villain at the center of the issue: Federal Reserve Chairman Jerome Powell.
