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Ohio’s public pension funds lose millions in bank collapse

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Ohio's public pension systems collectively lost tens of millions of dollars invested in Silicon Valley Bank of California and Signature Bank of New York, two of the largest banks to fail in U.S. history. Last week, Ohio Public Employees Retirement System held shares in SVB worth $3.2 million and shares in Signature worth $2.2 million. The Ohio Police& Fire…

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The U.S. House is expected to attempt to override the President's first veto later this week but getting the two-thirds vote necessary doesn't appear likely. The veto was for a joint resolution– H.J. Res. 30– passed by both the Republican controlled U.S. House and Democrat controlled U.S. Senate that seeks to block the Labor Department from allowing retirement…

In the brief but spectacular collapse of Silicon Valley Bank, we may just have witnessed the best banking crisis ever. Those Silicon Valley libertarians who spent years demanding that government get out of the way earned their comeuppance when they begged the Federal Reserve to save them. Most important, the Fed and the Federal Deposit Insurance Corp. got a…

The 2023 campaign, “It’s gotta be a CFP®,” will feature national broadcast and cable network television ads and includes a mix of advertising in various media channels, including streaming TV, streaming audio and digital venues.

When your client reaches age 64, they will begin to receive a series of “birthday gifts” in the mail. Those gifts? Marketing materials from Medicare plans. We look at how financial advisors can help their clients avoid costly Medicare mistakes.

A recent New York Times editorial titled“ Biden’ s Promises on Social Security and Medicare Ignore Financial Reality” is, alas, convincing. The president has said there will be no diminution of Social Security payments, even though the Social Security fund’ s current outgo is higher than income. While some Republicans call for Social Security reform, during the…

Fears that another interest rate hike will hasten more bank failures will loom over the Federal Reserve’ s meeting this week after a study found that nearly 200 banks are at risk of the same sort of collapse as the one at Silicon Valley Bank. And the Federal Reserve and five other central banks announced coordinated steps on Sunday to boost liquidity in their U.S….
Image of devilsh-looking man in suit standing before an office building with flames behind him.

Although it’s been a few crazy years in the markets, investors that started early in the pandemic are still in the game, according to a FINRA study.

Broker/dealer revenues continue to face headwinds as advisors escalate their preferences for passive products, avoiding the revenue-sharing payments that asset managers have depended on for so long.

Before last Thursday, Silicon Valley Bank was regarded as being in “sound financial condition.” But on that day it experienced attempted withdrawals of $42 billion, about a third of its U.S. deposits. By close of business, the run on the bank made it incapable of paying its obligations as they came due. On Friday, the California Commissioner of Financial Protection and Innovation took possession of the bank’s property and business.

Just days after Silicon Valley Bank was shut down by regulators, the federal government all of the bank's customers would get their money back. Is taxpayer money being used to cover the deposits at Silicon Valley Bank? On March 12, the heads of the U.S. Treasury Department, Federal Reserve Board and the Federal Deposit Insurance Corporation made it clear in a that…

Tax season is already underway, but it is never too early to start planning for next year's tax filings. Here are five tax planning ideas to consider for this year. One of the most effective ways to reduce your taxable income is to contribute to a retirement account, such as a 401 or traditional IRA.

Consumers' Research, an opponent of environmental, social and corporate governance investing or ESG, launched digital ads and three mobile billboards that will roam the streets of the nation's capital. "Allowing retirement plans to include ESG considerations undercuts the will of the American people by permitting ESG elites, like BlackRock CEO Larry Fink, to…

The collapse of Silicon Valley Bank and two other large banks is fueling economic insecurity and angst among an already rattled American public and is prompting a major damage control effort by President Joe Biden. Throw in Republicans' threats to raise the retirement age and cut Social Security and Medicare and you have a recipe for a very nervous electorate…

If you're going to enjoy a comfortable retirement, you should know, among other things, how much money you'll need. And you may have a much better chance of knowing this if you get some professional help. If you're going to enjoy a comfortable retirement, you should know, among other things, how much money you'll need.