For retirees Fred and Shelby Bivins, selling theirhome in GreenValley, Arizona, will enable them to realize their dream of traveling in retirement. They plan to live inWisconsin in the spring and summer and spend the winter months in a short-term rental in Arizona, where they have family. Once they’ re done traveling and are ready to settle down, they intend to use…
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COLUMBUS, Ohio– A New Jersey man who is alleged to have fled to Turkey has returned to the United States and pleaded guilty to his role in a nationwide, off-the-road tire sale fraud scheme that resulted in tens of millions of dollars of losses. It is alleged that John K. Eckerd, Jr., 58, of Dallas, is the leader of the multi-state conspiracy. Conspiring with previously…
One of the most powerful ways to impact your family's future after you're gone is through estate planning, particularly through passing on your assets to the next generation and beyond. Be they cash, retirement assets, stocks, land or other tangible property, your gifts can create bountiful opportunities for the ones you love as they build their own legacies and…
Recently, I was enjoying a chat with one of my best buddies. As they often do, the conversation wormed its way around to retirement and finance. One of the sincere things he said perked my attention: "I guess what I'd really like is to finance my retirement and then, when I'm done, pass along a bit of seed money for my son."
A growing number of older adults are in debt in retirement, according to the 2022 Survey of Consumer Finances from the Federal Reserve. Among people ages 65 to 74, the share with debt rose to 65% in 2022, up from 50% in 1989. Take note: Not all debt is bad debt.“ It’ s not necessarily the worst thing to have,” says Jack Heintzelman, a certified financial planner in Boston.
Thinking about paying off your mortgage before retirement? It's a common emotional consideration among investors who believe they'll sleep better at night without their most substantial debt hanging over their heads— figuratively and literally! With cash-equivalent investments like money market accounts, Treasury bills, and certificates of deposit…
Committee lists policy priorities as ERISA marks 50 years
At the top of the list is implementing transparency, accountability and affordability in health care markets.
The number of new advisors barely offsets trainee failures and retirements, emphasizing the critical need for the industry to attract and retain talent, Cerulli reports.
JPMorgan Chase said Friday that its profits dropped 15% in the fourth quarter, despite the bank reporting record quarterly revenue. With that aside, JPMorgan brought in an eyeball-popping $50 billion in profits last year, up from $37.6 billion in profits in 2022. "The U.S. economy continues to be resilient, with consumers still spending, and markets currently…
Need for financial advice drives more secondary accounts to wealth management firms
In their search for financial advice, more Americans are shifting deposits from traditional banks to financial firms.
With inflation down, interest rates likely to ease and a recession still elusive, the economic backdrop has improved heading into the new year. Both stock and bond investors have counted some gains of late, while savers are earning higher yields on deposit accounts. When the Federal Reserve started to push up interest rates to curtail inflation a couple of years…
A 2020 study for the Federal Reserve Bank of Chicago found income for survivors dropped an average of 37% in the three years after a spouse's death compared with the three years prior. You may have to figure out how to get by without your spouse's paycheck or, if you were both receiving Social Security, how to live on a smaller benefit. If you have minor children, you…
Your retirement could last 20 years or more. Now could be the time to ask yourself, "What do I want to do when I retire?" It's an important question to ask sooner rather than later, as the answer could impact your retirement savings plans, so that you can align the retirement you want with the retirement you can afford.
Harry M. Ford Jr., whose career as a leading Legg Mason stockbroker and investment adviser spanned nearly six decades, died Dec. 9 at Blakehurst, a retirement community in West Towson. He was just a nice guy and a great human being,” said Raymond A.“ Chip” Mason, former Legg Mason chairman and CEO. •News Obituaries| Ira Brownold‘ Bill’ Fader Jr., proprietor of Baltimore tobacco…
MDRT advisors share 2024 advice
As we enter a new calendar year, it is time to reflect on past accomplishments and look forward to what can be achieved in the next 12 months.
BlackRock is buying independent infrastructure fund manager Global Infrastructure Partners in a cash-and-stock deal valued at more than $12 billion. “Infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy, "said BlackRock Chairman and CEO Larry Fink in a prepared…
When you plan to retire at a certain age, you can follow a strategy that incorporates your investment moves, your health insurance and other factors. But what happens if you're forced to retire earlier than you anticipated? About 40% of Americans say they have been forced into retirement, according to a recent survey from Edward Jones and Morning Consult, a…
Social Security is one of the most important income sources for American seniors. According to a recent poll, more than 70% of retirees rely heavily on SS and 40% of the group rely entirely on their benefits. Today, we will be discussing the retirement benefits of Social Security.
Two critical phases stand out in the financial planning journey: retirement and estate planning. Each addresses distinct financial well-being and legacy aspects, yet they intertwine to form a comprehensive approach to securing one's financial future. *Understanding income sources: Retirement income can come from several sources, such as pensions, Social…
Available to Certified Financial Planners nationwide, the virtual platform streamlines business administration so advisors can better support clients and diversify their impact, all while retaining full ownership of their firm.
