The Financial Services Institute (FSI), along with the Associated Builders and Contractors (ABC), the American Trucking Association (ATA), the Coalition…
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Nearly 80% of near retirees fail or barely pass Social Security basics quiz
Nearly 8 out of 10 (78%) of near retirees failed or barely passed the latest Social Security retirement benefits quiz from MassMutual.
More states earn an ‘A’ in financial literacy education
Half of the 50 states are projected to get an “A” grade in financial literacy education for their high school students by 2028, according to a Champlain College report.
NEW YORK- Wall Street roared higher again on Thursday with hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates. More importantly for financial markets, investors also took comments by the Fed's chair to mean that recent jumps in longer-term Treasury yields were acting like rate-hike substitutes and could obviate…
–When you think about net worth, some of the world's wealthiest people may come to mind, like Jeff Bezos or even Oprah. The Federal Reserve released its Survey of Consumer Finances in October, outlining the average net worth of Americans by age– so you can see how you stack up to your peers. According to the Federal Deposit Insurance Corporation, net worth is your…
A research report about the SECURE 2.0 Saver’s Match provision published today by the Employee Benefit Research Institute found that 21.9 million Americans could qualify to receive a matching retirement plan contribution from the federal government starting in 2027.
In February 2021, inflation was reported at just 1.7%. This is still well above the Federal Reserve's target rate of 2%. Since February 2021, food prices have risen a cumulative 20.7%.
When Federal Reserve Chairman Jerome Powell told the world in November that lower interest rates were coming, investors rejoiced. The Fed's campaign to beat down inflation had pushed interest rates higher and weighed on the costs of U.S. debt and severely dampened housing markets. The U.S. Labor Department will report on the jobs market and on unemployment on…
I recently received a letter asking me for more information on Roth IRAs. Many things can be used in retirement to provide income, but in this column, I will discuss accounts that the IRS recognizes and gives special tax treatment. For example, $50,000 deposited plus $50,000 growth from retirement investments will be taxed at $100,000.
How financial advisors can overcome long-term care insurance buyer hesitation
How financial advisors can overcome buyer hesitancy in purchasing traditional long-term care insurance policies.
Social Security planning is crucial to preparing clients for retirement
Understanding the amount of money your client will receive from Social Security is the bedrock of forming a retirement strategy.
Inflation peaked at 9.1% in June 2022 and registered 3.1% in January 2024. Those warning of recession believed interest-rate increases by the Federal Reserve would not just shrink inflation. Goldman Sachs CEO David Solomon is uncertain about the economy's trajectory.
NAIC issues policies, but not regulation, on ESG investments
NAIC issues ESG insurance sector policies, an expanding metric to grade insurers’ underwriting, investing, or other business decisions.
Bernie Sanders leads Senate debate on retirement crisis, policy
A Senate committee agreed Wednesday that retirement security is a major crisis facing Americans, but disagreed on virtually every detail about the causes and potential solutions.
(What’s so funny ‘bout) embracing the future with women, wealth and understanding?
A significant trend is emerging: the increasing financial influence women are having in the market.
James Comer, R- Ky., sent a letter this week to Board of Governors of the Federal Reserve System General Counsel Mark Van Der Weide raising the question: Does this bias and collusion among investors violate federal law? …the Committee is examining whether certain asset managers are in breach of agreements with the Federal Reserve System and how the broader asset…
The Federal Reserve has signaled it may start cutting interest rates later this year, but perhaps it should just leave them alone— indefinitely. Demand has been weak in Europe as those economies adjust to the transition to electric vehicles and green energy and wean themselves from Russian natural gas. China is reeling from a property-debt bubble, weakening…
Financial services careers: More than math and sales
A career in financial services is more than math and numbers and sales, a panel said at a recent symposium.
Understanding available employee benefits helps advisors fill gaps, study says
Nearly 70% of workers surveyed will have at least one employer-provided insurance policy in 2024 other than health insurance, a study found.
Medicare premiums are based on your taxable income from two years prior and increase when you move from a lower income bracket to a higher one.Fortunately, there are several tax breaks that can help older Americans reduce their taxable income and the amount they fork over to Uncle Sam every year.“ Congress and the states have made the decision to make these tax…
