The 2022 Trends report counted two main strategies as sustainable investing: ESG incorporation–applying various ESG criteria in investment decision-making and portfolio construction–and filing shareholder resolutions on ESG issues.
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As you go through life, you will likely have long-and shortterm financial goals. But how will your strategies for meeting your long-term goals differ from those needed for your shortterm ones? If you're like most people, your biggest long-term goal is achieving a comfortable retirement.
President Joe Biden's going after 401 retirement accounts, risking millions of workers' comfortable retirements. If you put money into a 401, beware. But on Nov. 22, Biden's Labor Department announced a rule change that goes into effect the end of January.
If you own stock outside a tax-deferred retirement plan, you can sell your under-performing stocks by Dec. 31 and use these losses to reduce any taxable capital gains. If your net capital losses exceed your gains, you can net up to $3,000 against other income such as wages. Losses over $3,000 can be used in future years.
In 2022, we’ ve lived through high inflation, stock market lows, housing market frenzies and ongoing Federal Reserve rate hikes. This, coupled with housing shortages, has driven the national median price of homes above $400,000 for the first time, according to the National Association of Realtors. Homeownership may still be an attainable goal, but you might have…
Survey: Mobile investment apps are first stop for many – especially Gens Y, Z
A study by J.D. Power found that mobile apps have become the first resources investors consult to review their portfolios, make transactions, and conduct research. The trend is particularly noticeable among younger investors.
Courtesy of: Greg Gangas Branch Name: Morgan Stanley Tulsa Oklahoma Phone Number 918-744-4644 Social Security Benefits: It Can Pay to Wait Maximizing your Social Security retirement benefits can help you achieve other financial goals. If you've built a healthy nest egg for your retirement, you may not be relying on Social Security benefits to cover expenses…
The Fed has boosted the federal funds rate six times so far this year, by a total of 3.75 percentage points. The Federal Reserve responded by raising interest rates. Harvard economist Larry Summers, a former Treasury secretary, notes that every time in the past 65 years that inflation stood above 4% and unemployment stood below 5%, recession followed within two…
Dear Dave: I use a debit card for all my regular, day-to-day purchases. However, I use a credit card for plane tickets, big-ticket items or when I shop online because someone told me it's easier to dispute purchases when they're made with a credit card. Dear Wendy: I don't know who this "someone" is, but they're a lousy financial adviser.
Retirement survey finds more than half retired earlier than planned
More than half of current retirees aged 62 to 75 surveyed say they have retired from their jobs earlier than planned, according to EBRI’s 2022 Spending in Retirement Survey.
More than two-thirds of American investors (67%) feel like their financial safety net has been taken away from them as a result of the events of 2022, up drastically from 47% of people who said so one year ago.
Tips to wow clients and have a successful 2023
As the end of the year approaches, it’s easy for our clients to become distracted by the events of the last year rather than looking ahead to the possibilities the new year could bring.
Dear Ready to Claim: Since you are past 70 years of age, you have already maximized your Social Security benefit based on your current lifetime earnings record— that occurred when you turned 70 in June. However, since you're still working, Social Security will review your earnings every year to see if your more recent earnings warrant a further increase to your…
The first is the federal funds target rate, which is the rate the Federal Reserve and Jay Powell set. The key word there is "typically," because over the last month, that rate has dropped from 7.16% to 6.4%, according to the Mortgage Bankers Association. "It depends on what the market outlook for the future of the economy at large is," said Karan Kaul, who researches housing…
COLUMBUS, Ga.– Two Columbus investors fell victim to a national fraud scheme that defrauded them more than $369,000, according to the United States Attorney's Office for Middle District of Georgia. Today, the Securities and Exchange Commission charged venture capital firm Vika Ventures LLC and its CEO and co-founder, George Iakovou, 29, with fraudulently…
DES MOINES— Small and midsized businesses and employees alike are anticipating a recession, but most businesses are not preparing to reduce employee salaries, according to a national survey from Des Moines- based Principal Financial Group. The survey polled 500 business owners or leaders at companies with 2-10,000 employees and 200 full-time employees in…
Anxious America says it takes $1.25M to retire – but what is the reality?
Americans recently surveyed said they would need $1.25 million to be able to retire. But is that possible for most Americans?
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…
