The chronic problem of Americans insufficiently saving for retirement could cost state and federal governments trillions of dollars.
What should investors be doing to cushion whatever economic blow might come their way from a a debt ceiling government default?
Talking about diversity, equity and inclusion and doing it are not the same, a keynote speaker said at today’s National Association of Insurance and Financial Advisors DEI Symposium in Washington.
—Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire's money held in a trust pilfered by a manager, a Singapore court ruled Friday, the latest scandal for the Swiss bank whose yearslong problems forced its takeover by a rival. Ivanishvili in 2004 put more than $1.1…
The chronic problem of Americans insufficiently saving for retirement could cost state and federal governments trillions of dollars.
People who are considering retiring at the end of this year need to be doing a number of steps now to see if it is possible to do so and achieve the best outcome. All retirement planning starts with one thing and that is income planning. One of the first decisions many people make is deciding when to start receiving Social Security benefits.
What should investors be doing to cushion whatever economic blow might come their way from a a debt ceiling government default?
Nearly 70% of Generation Z and millennial consumers believe the current economic environment is hurting their ability to be financially independent adults and more than 1 in 4 don’t feel optimistic about their current financial situation, according to new research by Experian.
A recent series of bank failures in the United States has highlighted problems with regulation and supervision by the U.S. financial authorities. The U.S. Federal Reserve Board has released a report examining the March failure of Silicon Valley Bank, a regional bank in the state of California. The collapse of the U.S. banks was partly due to the Fed's interest…
A former financial advisor for the Joliet branch of Edward Jones was sentenced to two years in prison and ordered to pay $710,308 to his former employer after he pleaded guilty to stealing about $800,000 from several clients. U.S. Judge Robert Gettleman sentenced Ronald Molo, 63, of Shorewood, on Tuesday after he pleaded guilty on Dec. 1 to one count of wire fraud.
U.S. public sector pension plan managers believe the plans they support will spend more on scenario modeling and stress testing in the next two years to help manage the increased risk of market shocks according to new research from Ortec Finance.
WASHINGTON- The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16- year high, a group of business economists predicted in a survey released Monday. That is a quarter-point above the estimate from the NABE's February survey and is a sign that the…
Morgan Stanley has appointed Erin Vertin as Head of Fraud Preventative& Detective Controls. Insight Investment, $830 bn global investment manager, has appointed Ciaran Carr as the inaugural Head of Client Solutions Group North America. At Insight North America, Carr will lead the newly created Client Solutions Group NA and joins from Legal& General…
Talking about diversity, equity and inclusion and doing it are not the same, a keynote speaker said at today’s National Association of Insurance and Financial Advisors DEI Symposium in Washington.
SECURE 2.0 was signed into law on Dec. 29, 2022, but there is still some work to be done in interpreting more than 90 provisions of the bill.
A Nevada man has been charged for his alleged participation in CoinDeal, an investment fraud scheme that defrauded more than 10,000 victims of over $45 million. Bryan Lee, 57, of Las Vegas, will make his initial appearance in federal court today in Las Vegas. The companies operated under the banner of "ViRSE," and included Free Vi Lab, Studio Vi Inc., ViDelivery Inc.,…
Note: This is last week's column, which inadvertently didn't run in last week's newspaper. Thanks to Jerome Powell and his crew at the Federal Reserve, interest rates are about 5 percentage points higher than they were a year ago. One of the leaders in Teradyne Inc., based in North Reading, Massachusetts.
One year ago— May 2022— we featured this article emphasizing HIT focusing on Health care, Inflation and Taxes. One year later we need to add "S." Is your retirement income taking a HITS?
Whether you are decades away from retirement or it's right around the corner, it's important to separate fact from fiction when it comes to planning for your post-work life. Here are five common— and often costly— myths that often mislead people about life in retirement. Keeping them in mind can help you avoid missteps and achieve your goals for a happy and…
By Robert Burgess/ Bloomberg Opinion. This time they rose 0.7 percent for April as measured by the Commerce Department, topping the 0.4 percent median estimate of economists. Instead, they are helping to increase the odds that the Federal Reserve can bring the economy in for a mythical "soft landing," avoiding a deep recession that throws millions out of work and…
Time will tell how the shift in currency stability affects domestic businesses, but for now, planning the next steps is a must for business owners.
Nearly three in four of the respondents to a recent study said they can’t count on Social Security income when planning for their retirement .
If you or your client(s) are feeling similar to how I was – unsure of your current career or career path, here are three things that helped me during my decision-making process.
