—Chair Jerome Powell will enter this week's Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed's target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year ago, most economists had envisioned a much…
Citibank’ s South Michigan Avenue branch in downtown Chicago, where former Citi wealth adviser Helen Grace Caldwell worked. A former Chicago banking executive has pleaded guilty to swindling her elderly clients out of nearly $1.5 million by using her influence to get them to invest in her private side deals producing slasher movies. Helen Grace Caldwell, 58, a…
Black women continue to experience discrimination and disparity in employment and earnings, putting up barriers to their ability to attain a secure retirement.
Damian Williams, the United States Attorney for the Southern District of New York, announced today the guilty plea of JOSEPH LEWIS to charges of committing securities fraud and conspiring to commit securities fraud through insider trading. In addition, BROAD BAY LTD., a corporate entity owned and directed by LEWIS, pled guilty today before Judge Clarke to a…
Respondents ranked inflation as the greatest threat to their retirement security at 90 percent, while cuts to Social Security benefits and cuts to Medicare/Medicaid benefits ranked a close second and third place at 84 percent and 83 percent, respectively. Additionally, the survey revealed a gap between the realities of current retirees and the…
As move along in another year, we are reminded we are a year older, and one of the largest issues we will face in 2024 and beyond is an aging population. North Carolina, like most states, is unprepared to deal with these numbers or their needs. Even with a 401, IRA, some type of pension or Social Security they worry about how they can afford to live into their 80 s or 90 s.
More than 20% of American adults who plan to leave unpaid debt behind for their loved ones to inherit do not have life insurance coverage, according to a new survey from Policygenius.
"Social Security is going to go bankrupt in 10 years. Medicare is going to go bankrupt in eight, "Republican presidential candidate and former South Carolina governor Nikki Haley said in an interview on Bloomberg Television. According to a report by the Trustees of the Social Security and Medicare, current funds will only be able to pay 100 percent of scheduled…
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?
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.