WASHINGTON, D.C. – Insured Retirement Institute President and CEO Wayne Chopus opened the association’s 2022 annual conference today by celebrating…
2/3 Of Near-Retirees Failed Or Barely Passed A Basic Social Security Quiz
Furthermore, only 17% of near-retirees have planned for inflation and market volatility in retirement and 42% say their retirement income can sustain them for no more than 10 years, according to a MassMutual survey.
El Salvador, trying to get the jump on other nations, decided it could make a splash on the world scene by being the Bubba of Bitcoin. In other words, El Salvador took its entire economy to Las Vegas and put it on red. Actually, El Salvador is lucky.
MILWAUKEE, May 18, 2022 – More than two years into the pandemic, Americans have adapted to a new normal in…
As financial planners, we know it can sometimes be difficult to encourage individuals to save money for their future especially those in low-income minority communities. Once individuals decide to take the right steps towards saving, we’re then tasked with the more complex topic: investment choices.
About 1 in 8 Gen Xers and baby boomers say they've postponed or considered postponing retirement due to inflation, according to a March 2022 survey by the Nationwide Retirement Institute. "We've had conversations with multiple clients in the last six months," says Mark Rylance, a certified financial planner in Newport Beach, California. "In the simplest terms, if a…
–The traditional advice is to hold on to investments during turbulent times but a new MagnifyMoney survey finds that some investors are going against the experts. Due to the current events of the past year, nearly 40% of investors say they have pulled money from the stock market, with many regretting their knee-jerk reaction. "Time is the ultimate weapon when it…
If you reach retirement with a significant amount of assets, you've done a great job of saving and investing. But now comes another challenge— making that money last. You might think that this task, as important as it is, won't be as hard as accumulating the money in the first place.
Americans Spread Their Money Across More Firms, Survey Finds
Nearly half (42%) of American households with $500,000 to under $2 million have four or more financial relationships, up from 36% of households in 2020, a new survey finds.
Rising inflation has been bad for consumers, with the escalating cost of gas, groceries and rent causing people on the financial edge to struggle even more. But for investors with money to spare and who are looking for safety, inflation has been good for Series I Bonds, which the Treasury Department announced will be paying 9.62 percent until the end of October.
Low interest rates, investors’ ongoing search for yield, and strong acquisitions activity continue to create a supportive environment for real estate financing and alternative lenders across the globe, contributing to a record $22.38 billion in worldwide originations last year for PGIM Real Estate, the real estate investment and financing business of…
Job Satisfaction Hits 20-Year Low Among U.S. Workers, MetLife Finds
MetLife’s 20th annual U.S. “Employee Benefit Trends Study” finds that job satisfaction at a low point among U.S. workers. The least satisfied workers are “zillennials,” a micro-generation that was born between 1993 and 1998.
TAMPA, Fla.— It started with COVID-19. Typically, the United States acknowledges a recession when four main factors drop. Historically, the National Bureau of Economic Research, a private non-profit, tracks these factors using data from the U.S. Bureau of Labor Statistics and the Federal Reserve.
For all the emphasis and excitement over helping clients efficiently accumulate assets and accomplish their goals, it’s quite often that how the client makes a living goes into the financial plan as a “snuck premise,” a sort of status quo fact that simply underlines the cash flow projections of the financial plan.
The Federal Reserve is meeting Tuesday and Wednesday, and all indications suggest that the central bank will hike interest rates by half a percentage point, double the increase it implemented the last time policymakers met, in mid-March. Winnie Cisar, the global head of strategy at CreditSights, said a lot of companies have taken advantage by refinancing their…
EBRI: Financial Wellness Efforts Lead To Increased Retirement Plan Assets
An increasing number of employers are offering financial-wellbeing programs to their employees as they seek to improve overall worker satisfaction, reduce financial stress, increase productivity, and make improvements to retirement plans and other employee-benefit programs.
Dear Liz: In preparing my 2021 tax returns, I was dismayed to find out that my first required minimum distributions from my retirement account have pushed me into the highest tax bracket ever in my life and caused 85% of my modest Social Security benefit to become taxable. Since I retired five years ago at full retirement age, I never had to pay taxes on my Social…
One of the primary provisions in the bill is the expansion of Roth 401 features. Why is Congress so enamored with Roth savings features? If Congress wants you to use Roth accounts and pay taxes now, should you?
For example, we recently reviewed a client situation where the plan holder had a $6 million balance. The client was disappointed to learn that, under the client's current structure when distributed over 10 years, the $6 million would be slashed because of taxes by $2.6 million and only yield $3.4 million net proceeds to the beneficiaries. The $2.6 million of…
