The Federal Reserve's policy-setting meeting in late September brought the expected news on interest rates: no change for now, but a possible increase before 2024 as the Fed feels its way toward the vaunted "soft landing" that cools inflation without driving the economy into recession. But before making any further decisions on rates, the Fed should consider…
News, trends and helpful peer advice for financial advisors.
While government spending on Medicare has been stable, the program’s beneficiaries continue to see their out-of-pocket health care costs increase – and those costs will keep going up.
Recent research sheds new light on individual-investor reactions to direct indexing in order to inform product and innovation strategies.
Employees ages 45+ with student loan debt have or are considering taking several steps to manage upcoming repayments — with some being more detrimental to their long-term financial strategy than others.
Concern about inflation and retirement income is leading consumers to prioritize asset protection over growth, according to new research.
Brahim is managing director and senior vice president at Wealth Enhancement Group in Pittsburgh, Pa.
Impacts of inflation, geopolitical instability, and healthcare costs on retirement portfolios may be fueling client curiosity about how to protect income in retirement
Consider this– if you save $1.00 at age 20, it will be worth $5.84 by age 65, according to calculations by Vanguard. If you invest that same $1.00 at age 55, it will be worth just $1.48 by age 65. If you save $375 per month over a 45- year career, you'll be a millionaire at retirement.
I was a lot younger then and figured that if my account grew by 11% annually over the next few decades, I'd retire with more than $6 million— tax-free! —D. C. W., Valparaiso, Indiana. The Fool Responds: Wow— $6 million is a great goal and would provide most of us with an extremely comfortable retirement.
Matthew Motil, host of the podcast, “The Cash Flow King,” fraudulently raised approximately $11 million from more than 50 investors in a Ponzi scheme, the Securities and Exchange Commission said.
As present fears about a big market crash or recession persist, Americans also are increasingly worried about taxes on retirement income from 401(k)s and IRAs increasing in the future, according to the 2023 Q3 Quarterly Market Perceptions Study from Allianz Life.
In the ruling, Judge Matthew Kacsmaryk of the Northern District of Texas, a Trump appointee, granted the administration's petition to dismiss a lawsuit by 25 Republican state attorneys general, led by Texas's Ken Paxton and Utah's Sean Reyes. The Biden administration had earlier sought to move the lawsuit to Washington, D.C., but the Northern District denied…
A “two-bucket” strategy that has been proven to help one’s money last through retirement.
By Danielle J. Genier and Ryan J. Perkins This article is a summary of part of the 2023 MDRT Annual…
A year ago, she was earning $862 a month and receiving about $1,065 in monthly Social Security disability benefits when a letter arrived from the federal government. The Social Security Administration had been overpaying her, the letter said, and wanted money back. "Social Security should be to help people, not to destroy them," said Addie Arnold, Worrell's aunt and…
Disgraced South Carolina attorney Alex Murdaugh entered guilty pleas to 22 financial fraud counts involving clients, his own law firm and others who trusted him over 10 years, totaling millions of dollars. The guilty pleas entered in federal court in Charleston, S.C., was yet another blow to the once powerful attorney from a prominent legal family who is already…
The SEC’s Modernized Marketing Rule is complex. What advisors must know in order to be compliant.
As you approach your golden years, you might think, "I've got my Social Security and my 401; I'm set for retirement." But did you know relying solely on these financial streams could leave you in hot water? Let's unpack this critical issue to ensure that you're comfortable in your retirement years and leave a lasting legacy for your loved ones.
This area is home to The Third Act, a group of independent professionals who focus on those 60 and older and provide products and services that will help them successfully age in place throughout their retirement years. United Way of the Cape Fear Area and The Third Act have recently teamed up to do educational seminars together for the senior community.
A recent LIMRA surveyed revealed that consumers choosing to work with a financial professional value a holistic approach.