A Texas judge could decide any day on a lawsuit brought by state attorneys general against the Department of Labor’s environmental, social and governance investing rule.
A more diverse population requires financial professionals to take a different approach in meeting their needs.
A new survey from the Nationwide Retirement Institute shows consumers are fearing the worst: 68% expect a recession within the next six months and nearly 80% of those who do, expect it to be severe.
Two-thirds (67%) of U.S. adults expect the economy will enter into recession later this year – a key finding from Northwestern Mutual’s newly released 2023 Planning & Progress Study exploring Americans’ attitudes and behaviors toward their finances.
Every year, investors use 529 plans to save for their loved ones' educations. A recent change to U.S. law provides more flexibility for 529 plan assets. In December 2022, SECURE Act 2.0 was signed into law to enhance retirement savings opportunities for Americans.
Mother’s Day is a good time to reflect on the monetary value of the work mothers do for their families and for society.
Americans’ confidence in having enough money to live comfortably in retirement declined significantly in 2023, according to a recent survey.
When you go to the doctor, you explain what feels wrong or share your symptoms for them to diagnose the problem. The same is true for our business as financial advisors.
Depending on who you ask, the U.S. economy is either headed for a soft landing post-recession or an apocalyptic downturn the likes the world hasn't seen since the Great Depression. While the truth probably lies somewhere in the middle, both schools of thought seem to have the same villain at the center of the issue: Federal Reserve Chairman Jerome Powell.
Kent Lawayne Edlin was indicted on eight counts of securities fraud by a grand jury on May 4, 2023. Edlin…
—The Bank of England is set to raise interest rates later Thursday to their highest level since late 2008 as it continues to combat stubbornly high inflation in the U.K.. Other major central banks, such as the U.S. Federal Reserve and the European Central Bank, have also been raising interest rates at a consistent pace in order to get inflation rates down from…
Many analysts don't think the economy will get weak enough to force the Federal Reserve to cut interest rates this year. But market guru Jeremy Siegel anticipates several months of job losses later this year. If the Fed doesn't answer with rate reductions, the stock market's rally may be done for the year, the Wharton School finance professor told CNBC.
When an emergency occurs and you need cash, that lump of money sitting in your retirement account suddenly looks very tempting. Secondly, even if you fall into one of the exceptions that waives the 10% early withdrawal penalty, you'll need proof for the IRS. For example, if you are withdrawing $7,000 for medical expenses, you'll need to have receipts for $7,000 in…
Apollo Global Management has high hopes for two new products that it expects will interest high-net-worth investors in alternative investments.
Retirement is about YOU— your values, your priorities and your dreams for the future. Is there a "right" time to retire? If you begin collecting Social Security benefits as soon as you are eligible, your benefits may be 25% to 30% less than they would be if you wait until age 66 or 67.
Retirement can be a time of great joy and relaxation, but it can also be a time of stress and anxiety. Transitioning from working life to retirement can be challenging, and the loss of routine, identity and social connections can be difficult to navigate. Moreover, retirement can bring new financial and health-related concerns, adding to many retirees' stress.
The U.S. Federal Reserve has once again hiked interest that it charges banks in the wake of continued elevated inflation— which peaked at 9.1 percent in June 2022— in a bid to calm what has been a lingering problem for the overheating economy, which slowed down to 1.1 percent annualized growth in the first quarter. Usually, the central bank eventually gets its own…
Research found that while 46% of financial advisers say they are comfortable with their current growth rate, a mere 12% strongly agree with that sentiment.
Allianz Investment Management launched two new Buffered Exchange Traded Funds.
It’s time we had the money talk, say 66% of Americans, who say conversations about money are the key to financial freedom. But taboos remain.
