Advisor News

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…

Daniel Todd Levine was indicted on April 6 on eight counts of securities fraud and 11 counts of forgery of…

I am a staunch believer in understanding and knowing your individual risk tolerance for your investment portfolio. In other words, it is vital to know how comfortable you are with the risk in your portfolio. Of course, there is always a risk when investing whether that be in the stock market or bond market.

For many people, one of the key steps in estate planning is making sure their children are treated fairly when it comes to inheritance. But "fair" doesn't always mean "equal," especially if your family situation or assets are complicated. According to data from the University of Michigan's Health and Retirement Study, the proportion of parents over 50 who reported…

Converting a 401 k to a gold IRA is a great way to diversify your retirement portfolio and protect your savings from market volatility. A gold IRA rollover allows you to move your 401 k funds into a gold IRA, which can be a great way to protect your retirement savings. When you convert 401 k to a gold IRA, you can benefit from the stability of gold as well as the potential…

The average long-term U.S. mortgage rate inched down for the fifth straight week, positive news for potential home buyers and a real estate market that's been chilled by the Federal Reserve's series of interest rate hikes the past year. The national median home price slipped 0.2% from February last year to $363,000, marking the first annual decline in 13 years,…

The FTSE Nareit REIT index returned a negative 20% over the last 12 months, though it has stabilized this year, returning 1% so far. Real estate has hit the skids since the Federal Reserve began raising interest rates in March 2022 and the economy showed some signs of slowing. CoStar's April 2023 real estate data update gives a good picture of some of the problems…

(London, April 2023) More than a quarter of US advisors think the cryptocurrency sector will see a bigger collapse than…

TOLEDO— The managers of a Lucas County investment firm have been indicted on multiple felonies in a decade-long scheme to deceive and defraud investors, cheating at least 200 clients out of $72 million, Ohio Attorney General Dave Yost and Ohio Department of Commerce Director Sherry Maxfield announced. The case centers on Northwest Capital, a Toledo…

DOWNTOWN BROOKLYN— A former investment banker and registered broker appeared in federal court in Brooklyn on Tuesday to be arraigned on charges related to a cryptocurrency investment fraud scheme. Rashawn Russell, who is 27 years old, was arrested in Brooklyn on Monday and was arraigned on Tuesday before U.S. Magistrate Judge Ramon Reyes, Jr.

Washington officialdom has heard warnings of approaching insolvency of the Social Security system for years and has responded by kicking the solvency can down the road. The Social Security trustees reported on March 31 that the nation’ s retirement fund is on course to run short of sufficient money to pay full benefits as soon as 2033, a year earlier than…

A majority of Americans are opposed to raising the retirement age for younger Americans to shore up solvency for Social Security, new polling finds. By contrast, the poll showed bipartisan support for upping taxes on the wealthy to extend solvency for Social Security, as proposed in the Social Security Expansion Act, which was introduced by Sens.