Advisor News

Reviewing your bank statements and retirement account balances might not sound romantic, but the purpose of a money date transcends these tasks. These regular meetups build trust and intimacy, saysBariTessler, a financial therapist and author of "TheArt ofMoney." Money dates allowyou and your partner to understand each other’ s financial perspectives,…

A recent oft-quoted survey from Northwestern Mutual Life Insurance tried to boil the results down to one number, and it is $1.46 million, up "a whopping 53% from the $951,000 target Americans reported in 2020.". Obviously, the survey result number is much higher than the median or mean amount of money held in a retirement account, according to the Federal Reserve.

When the Securities and Exchange Commission sued developer Rishi Kapoor in December, accusing him of defrauding investors in his real estate projects, the SEC’ s lawsuit made no mention of his company’ s consulting agreement with Miami Mayor Francis Suarez. The Miami Herald has previously reported that the mayor received a $10,000 monthly retainer but has now…

One of the fastest growing sectors of the retail economy is beauty, and it's pretty hard to overstate its popularity. Just a few years back in 2018, the beauty space was valued at approximately $508 billion. Less than six years on, that figure has grown to $579 billion— a 14% uptick in growth.

The U.S. economy likely added nearly a quarter of a million new jobs last month, extending the longest streak of sub-4% unemployment since the 1960 s, as the labor market continues to defy repeated warnings of a slowdown and Federal Reserve interest rate hikes. Economists expect the Labor Department to report headline job creation of around 243,000 for the month…

By the time you reach retirement age, you may have accumulated a 401, IRA and other investment accounts, along with insurance policies and physical properties. You'll use some of these assets to support your retirement, but the rest may end up in your estate- which is why an estate plan is so important. So, to leave a legacy for your family and those philanthropic…

WASHINGTON— The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’ t plan to cut interest rates until it has“ greater confidence” that price increases are slowing sustainably to its 2% target.The Fed issued its decision in a statement after its latest meeting, at which it kept its key rate at a…

The good news from the Federal Reserve's meeting on May 1 was that the central bank isn't raising rates. Fed Chairman Jerome Powell even said as much at his news conference on Wednesday: "It is unlikely the next move will be a hike." The bad news is that it is not cutting rates, at least for a while, and probably not until the fourth quarter of 2024.

Among American parents saving for their children’s college education, 95% expect to cover more than half of the cost for their children.

Global bank HSBC announced Tuesday the shock departure of chief executive Neil Quinn, who will retire after overhauling the group in an "intense" five-year tenure weathering a Covid fallout, simmering geopolitics, and shareholder pressure to spin off Asia assets. Quinn, 62, who streamlined HSBC to focus more on Asia, has decided to pursue a portfolio of business…

The Federal Reserve has promised to be "data driven" in deciding when to cut interest rates. But some of the recent economic data has the central bank driving in circles. Chicago Fed president Austan Goolsbee said recently. "

KKR, a leading global investment firm, today released“ No Turning Back,” a new Insights piece by Henry McVey, CIO of KKR’ s Balance Sheet and Head of Global Macro and Asset Allocation. Based on a proprietary survey of nearly 50 Chief Investment Officers who collectively oversee over more than $8 trillion dollars in assets, the report examines how leading insurance…