An increasing number of Americans are relying on their 401 retirement plans not just as future security but as a source of emergency funds. Vanguard Group's internal data signals that early withdrawals from 401 accounts hit a record high recently, marking a shift in how these savings are used, The Wall Street Journal reported on Monday. Data analysis from…
Now that retirement spans more years than ever, you might need to rethink how you’ re envisioning that stage of your life. Although Americans are retiring a little later than they did 30 years ago, they’ re also living longer. “The questions I’ m being asked are different, and the conversations clients are bringing to me are different,” says John McGlothlin III, a…
Yusuke Yamazaki, 43, was arrested off Bulan island in Kepulauan Riau province on Jan. 31, while attempting to cross into Malaysia in a small wooden boat, said Nyoman Gede Surya Mataram, who heads the provincial office of the Ministry of Law and Human Rights. He was an executive at Nishiyama Farm, an Okayama-based company that ran farm tours across Japan and…
A new survey commissioned by CFP Board reveals that nearly 97% of Americans agree that the financial professional who provides one-time recommendations or other one-time advice about retirement investments should be required to act in their client’s best interest.
The U.S. government will release data on consumer prices on Tuesday. Inflation has been cooling, but only gradually and fitfully amid interest rate hikes by the Federal Reserve. The Fed is trying to ease inflation back to its 2% target level.
Federal Reserve Chair Jerome Powell will be in the hot seat again on Thursday when he testifies before the Senate Banking Committee. On Wednesday, he was in front of the House Financial Services Committee. Massachusetts Senator Elizabeth Warren is on the Banking Committee.
NEW YORK– U.S. stocks climbed to records Thursday, with easier interest rates beckoning on the horizon. Federal Reserve Chair Jerome Powell said in testimony on Capitol Hill that the central bank is "not far" from delivering the cuts to interest rates that Wall Street craves so much. It's a key point on Wall Street because cuts to rates would release pressure on the…
The Insured Retirement Institute released its 2024 Retirement Security Blueprint with 33 proposals to enhance and strengthen retirement security for more of America’s workers and retirees.
When we examine our most successful clients, we see behavior patterns. Of course, there are always exceptions to the rule, but here are a few characteristics most prevalent among those best prepared to retire. The most common characteristic of successful retirees is they treat their savings as a bill.
Two retirement industry thought leaders believe the industry’s “failure” approach to retirement planning is faulty, so they conducted their own research and created a tool to help consumers make the best choice for a successful retirement.
–Each year at tax time, millions of people who received advance premium tax credits to buy ACA Marketplace insurance find out that they need to pay back some of the premium subsidies they received. This week, healthinsurance.org is providing information that explains why many consumers receive excess APTC and what determines the amount they have to repay.