The DOL’s independent contractor rule proposal has met with resistance, confusion, and continued legal action by labor organizations
CFP Board announced the release of the draft framework of its Client Impact Study, the first peer-reviewed academic research study to track and report on the actual impact of holistic financial planning on clients.
Are spouses who have not worked outside the home eligible for Medicare benefits? I have worked most of my adult life, but my wife has been a mother and homemaker since we got married and hasn't held an income-producing job since she was in college. Will she be eligible for Medicare?
There is a significant gap between the realities of current retirees and the expectations of adults ages 60-65 who are still working.
Brad Rhodes: Conservative investors approach to retirement planning. Published 12:00 am Sunday, January 21, 2024. Longevity risk, the possibility of outliving one's financial resources, is a significant concern for conservative investors, particularly those nearing or at retirement age.
A couple of years ago, I wrote a column about how to have a retirement worth saving for. It ended with a quote from personal finance educator Barbara O’ Neill, who reflected on how the pandemic disrupted many retirees’ plans. That lesson was driven home in July 2023, when a longtime colleague died at age 61.
Putnam County resident Andrew Brown, age 56, of Putnam Valley, was sentenced to 18 months in prison for defrauding members of the Law Enforcement Employees Benevolent Association, a labor union for law enforcement officers employed by New York City, the US Attorney's Office for Southern District of New York announced on Wednesday, Jan. 17.
Retirees are redefining what it means to be retired. If you're within five years of retirement, here are steps to take now to help attain the lifestyle you want in the future. "Think how you will fill your time," said John Grable, a professor of financial planning at the University of Georgia.
CHEYENNE— Wyoming's retiree population is quickly outpacing its workforce, and policymakers are considering ways to cover the state's retirement plan obligations with the least impact on public employees' paychecks. Wyoming's eight existing retirement plans are underfunded by a total of $2.8 billion, and Wyoming Retirement System officials said the…
Only a small percentage of retirees take a holistic retirement view and include activities such as pastimes in their plans, a study finds.
Online brokerage Robinhood will pay a $7.5 million fine in a settlement with Massachusetts’ securities regulators, who say that it encouraged inexperienced investors to place risky trades.
We asked high-performing advisors for tips to help financial professionals manage their time, reduce stress, and increase efficiency in 2024.
Newly in-effect SECURE 2.0 provisions may mitigate the challenges 401(k) plan sponsors face in engaging retirement plan participants in the saving and investing process.
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…
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…
At the top of the list is implementing transparency, accountability and affordability in health care markets.
