Millennials have established themselves in their careers and are beginning to generate wealth. Here’s how you can serve them.
Why do consumers trust some financial institutions more than others? And what leads to that trust?
U.S. public sector pension plan managers are convinced the American economy is on the path to inflation moderation, new research from Ortec Finance shows.
We often receive financial advice about the importance of retirement planning but less about what to do with our money once retirement arrives. If you are retired or will be soon, here are some tips to make your money go further. This includes Social Security benefits, employer-sponsored benefit plans and personal investments for many people.
According to the Employee Benefit Research Institute, couples 65 and older will likely need between $212,000 and $383,000 to cover their health care costs in retirement. Earmarking nearly $400,000 right out of the gate is a little extreme, if not nearly impossible, for most. First, realize that retirement can last 20 to 30 years, so most investors are looking at…
More than three-quarters of Americans wish they had more financial literacy in topics like saving, investing, retirement, and budgeting, a recent study finds.
Singer and megastar Taylor Swift is the lone celebrity pursued by disgraced cryptocurrency developer Sam Bankman-Fried who asked the right questions about FTX, an attorney suing SBF said Tuesday.
Against a backdrop of economic challenges, adults are beginning to feel less positive about the current state of their finances in 2023, according to the latest findings from the New York Life Wealth Watch survey.
Life carriers would love to trade their low-interest bond for new higher-rate ones, but an NAIC accounting standard dissuades them from taking the short-term hit, according to Conning.
It's the sound of credit crunching all across America. For example, recent data from the Federal Reserve show that commercial bank lending fell by over $100 billion in the two weeks ending March 29. Lending is down partly because there are fewer deposits to lend out: Since the Federal Reserve began to raise rates about a year ago, deposits leaving the banking…
Uber Black is the rideshare company's most luxurious tier offering. So you can imagine the driver's dismay when Uber- Get Free Report unceremoniously kicked him off of the app for suspected fraud. Uber driver using the app.Shutterstock.
A recent report by Merrill Wealth Management is shedding light on the unique motivators, priorities and challenges faced by affluent Asian American and Pacific Islanders (AAPI) in the U.S.
After living through previous crises, only 36% of investors have confidence surviving the next one. Those with advisors feel more secure.
D.A. Davidson & Co. announced survey results revealing that more than three-quarters of Americans (77%) report that inflation is impacting, or will impact, their ability to save enough money for retirement – a significant increase from 64% surveyed in April 2022.
Despite a pair of historical bank failures last month which put the nation's banking industry into crisis mode, the nation's biggest banks posted strong profits last quarter, helped by higher interest rates and a U.S. economy that keeps adding jobs and growing even as the Federal Reserve attempts to curb inflation. JPMorgan Chase& Co. posted a 52% jump in its…
Ongoing economic turmoil has severely impacted millennials’ ability to build and transfer wealth, according to a new survey.
Apr. 17— At age 73, Yoav Zohar is an outlier among the Millennials and Gen Z who make up most of the cryptocurrency community. So when it comes to crypto— digital money that isn't tied to a central bank— Zohar won't hold more than $5 worth. Then came high-profile scandals, including the downfall of the exchange FTX and its billionaire-turned-fraudster CEO Sam…
And handwringing about the health of the Social Security retirement program. It points out that the Social Security trust fund— currently valued at $2.8 trillion, according to the latest report— will run out of funds in 2033.. Over the past almost 40 years, the money collected by way of Social Security payroll taxes, taxes on the benefits themselves, and interest on…
In December 2021, Iwrote a favorable review ofWade Pfau’ s "Retirement Planning Guidebook" published byRetirement Resources. Pfau has produced a second edition of his book, which addresses all the major regulations passed since then. The book covers investments, withdrawal options, annuities, Social Security, Medicare, health insurance, long-term care options,…
NEW YORK- Stocks dipped to close an up-and-down Wednesday on Wall Street following the latest update on inflation and the latest warning of a possible recession. The main focus for more than a year on Wall Street has been high inflation and how much painful medicine the Federal Reserve will have to dole out to contain it. That's still well above the Federal…
