A new study conducted by the Employee Benefit Research Institute finds that unmarried women had lower levels of retirement confidence than their married counterparts and were more likely to have fewer resources and be less prepared for retirement. The research also finds over half of unmarried women retired earlier than they expected.

The coronavirus pandemic has hit the economy hard, and people who are nearing retirement or already retired are feeling the stress. “COVID19 has caused a lot of retirees and those approaching retirement to rethink their plan for retirement,” says Dennis Notchick, a certifi ed financial planner for Stratos Wealth Advisors. “Falling interest rates, massive…

Elise Stefanik, R- Schuylerville, kicked things off with some welcome news. Stefanik said the Small Business Administration's Paycheck Protection Program– pending President Donald Trump's expected signature– is being extended from eight weeks to 24.. Michael Bittel, the Adirondack Regional Chamber of Commerce president, explained what that will mean.

The Charles Schwab Corporation today announced that Schwab stockholders approved the proposals related to Schwab’ s acquisition of TD Ameritrade Holding Corporation at a special meeting of stockholders held earlier today. Schwab President and CEO Walt Bettinger said,“ We are pleased that Schwab’ s stockholders have approved the proposals related to our…

MINNEAPOLIS –  The COVID-19 pandemic is drastically changing how Americans view their retirement prospects and many fear the worst is…

INDIANAPOLIS – (June 3, 2020) OneAmerica® today announced its 2019 financial results, recording another solid year of growth, highlighted by…

Most Asian stock markets rose Thursday after Wall Street gained on surveys showing better U.S. jobs and manufacturing conditions than expected. Tokyo, Sydney and Southeast Asia advanced while Shanghai declined. Wall Street turned in its fourth straight gain after surveys Wednesday showed employers cut fewer jobs than forecast last month and a U.S….

“Mass protests across the U.S. have no impact on stocks. “The stock market continues to look past the coronavirus pandemic and civil unrest,” said Investors Business Daily. “This is record breaking,” wrote Jim Hoft, founder of the Gateway Pundit, a news and opinion site. “

To spur car sales amid the coronavirus pandemic, nearly every automaker has introduced 0% financing. Additionally, an interesting trend emerged from the data: The amount of negative equity with trade-ins, which is when you owe more on your current loan than the vehicle is worth, hit a record high of $5,571. Our baseline, using average loan figures, will be a person…

Congress has committed $3 trillion to stimulus spending. Those have increased by $1.8 trillion this year, and Fed purchases will likely match or exceed Treasury borrowing before the crisis is over. Virtually all the interest the Fed collects on those securities is remitted back to the Treasury, so the net impact of stimulus spending on federal debt payments…

Benchmarks rose in Tokyo, Hong Kong and Seoul but fell in Shanghai and Sydney. Investors are balancing cautious optimism about the reopening of businesses shut down because of the pandemic against worries that widespread protests in the U.S. over police brutality could disrupt the economic recovery and widen the outbreak. But Robert Carnell, regional head of…

With 39 million Americans laid off, furloughed or forced to work fewer hours, 30% of adults have seen their household income fall, according to a recent Bank rate survey. Despite squirreling away more of their income, nearly one in five adults have less in emergency savings than before the pandemic.

Benchmarks declined in Hong Kong, Tokyo and Sydney but rose in Shanghai. U.S. and Chinese officials have been trading harsh rhetoric recently on everything from Hong Kong to the response to the coronavirus outbreak. U.S. Secretary of State Mike Pompeo has said the law means Washington may no longer treat the former British colony, already reeling from…

It seems counter-cyclical to point out, as countries around the world are beginning to emerge from the coma of lockdown, that we are far from the end of the fall-out from the coronavirus pandemic. Still to come in the horror year of 2020 is a list of potentially damaging economic factors such as the destruction of GDP growth for the rest of the current year, a sharp…

A white pet owner apologized for calling the police Monday on a black bird-watcher who asked her to leash her dog in New York City’s Central Park, a dispute that quickly spiraled into a racial flashpoint. In a viral video, Ms. Cooper is shown calling the police on Christian Cooper and claiming he was threatening her.

Stocks closed higher on Wall Street Tuesday, driving the S&P 500 and Dow Jones Industrial Average to their highest levels in nearly three months as optimism over the reopening of the economy overshadowed lingering worries about the coronavirus pandemic.

According to new data from New York Life, Americans are experiencing a wide range of emotions, with many experiencing negative and positive emotions in equal measure– an ambivalence that’ s also reflected in perceptions of their finances. In order to better understand how people in the U.S. are experiencing the emotional and financial impacts of the COVID-19…

Since the onset of the coronavirus pandemic crisis in the United States, money decisions for average investors have certainly gotten more complicated. Vegas Inc spoke with Anthony Valeri of Nevada State Bank and David Garcia of J.P. Morgan Chase& Co. for pointers. “Especially now, where it's likely to be a volatile environment for quite a while, it's important to…

Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn't have to be paid back until they die, sell or move out. That sounds good to a lot of seniors navigating financial fallout during the coronavirus pandemic. Stay-at-home orders may have taken away jobs needed to make ends meet, while low interest…

Entering its annual shareholder meeting Thursday, it is caught between activists demanding that the firm walk the talk and conservatives condemning the emphasis on politics over profits— as well as crying hypocrisy over BlackRock's enormous holdings in China, the world's biggest greenhouse gas emitter. BlackRock CEO Larry Fink is “doing two things” with his…

Reverse mortgages allow older homeowners to turn part of their home equity into tax-free cash, using a loan that doesn’ t have to be paid back until they die, sell or move out. That sounds good to a lot of seniors navigating financial fallout during the coronavirus pandemic. Stay-at-home orders may have taken away jobs needed to make ends meet, while low interest…

—Asian stock markets rose Monday after the chief U.S. central banker expressed optimism the the American economy might start to recover this year from the coronavirus pandemic. That came despite Japan’ s announcement that its economy contracted in the first quarter and the Trump administration’ s decision to step up a technology conflict with Beijing by…

May 15– Tax incentives are increasingly used by cities, and sometimes states, to lure businesses to the area. Most involve some sort of tax break for the incoming business in return for negotiated levels of capital investment, quality jobs or new revenues generated. Tony Mastin, a tax attorney with McAfee& Taft and former executive director of the Oklahoma Tax…

Treasury yields also sank in a sign of pessimism after Federal Reserve Chair Jerome Powell warned about the threat of a prolonged recession. Powell said the U.S. government may need to pump even more aid into the economy, which is bleeding millions of jobs every week. His comments came one day after the top U.S. infectious diseases expert, Dr.

Stocks retreated Wednesday in London, Tokyo and Paris, but reversed early losses in Shanghai. Underscoring concerns about the risks of ending shutdowns before the coronavirus pandemic is brought under control, the top U.S. infectious diseases expert, Dr. Fauci’ s comments pack in more arguments against a rapid reopening of U.S. states which had been supported by…

If you or your spouse has been financially impacted by COVID-19, the IRS has suspended penalties on early withdrawals from IRA accounts and employer-sponsored retirement plans for distributions up to $100,000. The distribution will still be subject to tax, but the IRS is allowing taxpayers to spread out recognition of the taxes in equal parts over the next…

Wall Street was split on Monday, as continued gains for technology and health care stocks helped cover up for more prevalent losses elsewhere. The S&P 500 ended the day at a virtual standstill, up just 0.39 points at 2,930.19, despite a lot of movement going on underneath. It rallied back from an earlier loss of 0.9% in the morning.

Over $18 trillion have been wiped out globally by the COVID-19 crisis between February and March 2020, even as capital markets maintained their role of facilitating the transfer of funds in the real economy. According to the WFE, more than $18 trillion globally were wiped out by the COVID-19 pandemic over the course of February and March 2020.

A report out Monday from the National Committee on U.S.-China Relations and the Rhodium Group consultancy found that China’ s direct investment in the U.S. dropped from $5.4 billion in 2018 to $5 billion last year, the lowest level since the recession year of 2009. U.S. investment in China ticked up last year— to $14 billion from $13 billion in 2018.