The landscape of retirement planning presents unique challenges for women. Due to longer life expectancies, intermittent career patterns due to caregiving responsibilities and the persistent wage gap, women must approach retirement planning with strategies tailored to their specific financial and lifestyle needs. This article delves into the various…
More Stories
Americans worried about higher taxes on 401(k)s, IRAs
Americans are increasingly worried that taxes on retirement income from 401(k) plans and IRAs will increase, according to an Allianz study.
He also committed wire fraud in February 2016 related to his business River Studios, a VR company that did content for music acts such as Beyonce, Bjork, Coldplay and sports teams such as the Denver Broncos and Sacramento Kings. With River Studios, Rothenberg would transfer large portions of proceeds and put them in various bank accounts. Rothenberg would often…
AI in financial services presents opportunities, challenges
The American College sponsored a recent webinar in which experts on financial technology and policy discussed how artificial intelligence could influence financial services.
How permanent life insurance provides income protection
By David E. Appel Market fluctuations impact retirement assets, sometimes costing clients thousands once they need to tap into their…
NEW YORK- Wall Street drifted through a mixed Monday to open a week that could bring more action to financial markets, with several big reports on the calendar. The market was coming off a week with relatively few reports to give hints on Wall Street's central questions: When will the Federal Reserve halt its hikes to interest rates and begin cutting them, and can…
"I think they will remain leaders next year," said David Kostin, chief U.S. equity strategist at Goldman Sachs. Experts are turning more bullish on the economy and the stock market for next year amid a widespread belief that the Federal Reserve has finished raising interest rates. Consumer prices rose 3.2% in the 12 months through October, and the Fed has boosted…
If you've invested in an IRA for many decades, it may well turn into a key source of income for your retirement. Still, you might not deplete your IRA in your lifetime, especially if you also have a pension or a 401 and other investment income. Inheritors of Roth IRAs are also required to follow the 10- year distribution rule but are not subject to income taxes on…
Spontaneous family wealth discussions can lead to regrets
Nearly four in five wealthy families have had unplanned discussions about wealth, with 26% later regretting it, according to a recent study.
—The Federal Reserve is likely to make significant cuts to interest rates next year beginning as early as March, according to a new estimate from UBS Investment Bank. Slowing inflation could enable a 2.75 percent decrease in the interest rate over the course of the year, nearly halving the current rate of nearly 5.5 percent, UBS said. UBS Chief Strategist Bhanu…
A St. Joseph man has pleaded guilty to leading an $8 million wire fraud conspiracy that cheated hundreds in the guise of running a Christian health care sharing ministry. Reynolds, CEO of the tax-exempt organization, admitted it collected more than $8 million in member "contributions," yet paid only 3.1 percent in health care claims. The Medical Cost Sharing…
Long-term care: Don’t be afraid of too many choices
Having too many long-term care options can prove daunting for advisors and clients. But it doesn’t have to be that way.
James C. Capretta, fellow at the American Enterprise Institutes, asks, "How can the largest items in the federal budget, Social Security and Medicare, be preserved without more borrowing?" Due to the growing gap between Social Security and Medicare contributions and payouts borrowing, the federal government is on the edge of a financial crisis and must borrow to…
NEW YORK— Wall Street is drifting Monday to start a week that could bring more action to financial markets, with several big reports on the calendar. The market is coming off a week with relatively few data reports to give hints on Wall Street's central questions: When will the Federal Reserve halt its hikes to interest rates and begin cutting them, and can the…
Most Americans aware of LTC’s importance, but few have started preparing
Many Americans have not taken any steps to prepare long-term care plans despite being keenly aware of its importance, a study found.
New data from CFP Board reveals that more than 6 in 10 LGBTQ+ investors (61%) report feeling financially secure.
-Entering the holiday season with high-interest debt or financial struggles can put you at risk for a debt hangover that could linger for years. Credit card balances rose to over $1 trillion in the second quarter of 2023, according to a report by the Federal Reserve Bank of New York. The average rate for credit cards assessed interest as of August 2023 was 22.77%,…
If you choose, there are always plenty of worries to be found in financial news. On the current docket, you could worry about a government shutdown. This possibly could happen in a few weeks unless Congress comes to an agreement.
Life insurance: Helping clients achieve tax avoidance
Cash value life insurance is a “tax me never” asset for clients in retirement, two insurance company executives said at a recent industry event.
The U.S. Department of Justice issued the following news release on Nov. 9, 2023:. A federal grand jury in the Eastern District of Texas returned an indictment yesterday charging a Texas couple for operating an illegal pyramid scheme that defrauded thousands of participants of more than $10 million. According to court documents, LaShonda Moore, 35, and Marlon…
