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Even as American consumers navigate a new retirement reality characterized by market volatility, inflation and recurrent financial crises, the majority of Americans are not employing the guidance of a financial professional to create their strategy, according to the Annual Retirement Study from Allianz Life. 

Beyond food, fuel, and maybe used car prices there are not a lot of areas where I see any relief on the inflation front. The Bureau of Economic Analysis is predicting that American consumers will spend a whopping $95 billion on live event tickets this year. An average ticket price for a live concert this summer stood at $120.11, according to Pollstar.

Dec. 4— The U.S. Securities and Exchange Commission has charged the company that owns the main strip mall at Belleville Crossing shopping center and its CEO with fraud for allegedly engaging in a multiyear scheme to "misappropriate" more than $35 million in investor funds. The SEC filed charges on Nov. 28 in U.S. District Court for the District of Arizona against…

The landscape of retirement income planning is undergoing significant transformation, reflecting shifts in market dynamics, client expectations and the advent of new financial products. This paradigm shift necessitates a broader understanding of various financial elements, including investment products, Social Security, inheritances, market…

Hands off to cuts to Social Security and Medicare. When you work and receive your paychecks, you will notice some of your pay has been deducted for Social Security and Medicare. Most Americans are deeply opposed to cutting into Medicare or Social Security benefits, and most support raising taxes on the nation's highest earners to keep Medicare running as it is.

David Solomon, CEO of Goldman Sachs, has attacked a recent proposal from regulators that would require banks to raise their capital on the books by 16% to prevent risks of collapse, such as what occurred at Silicon Valley Bank, according to a Yahoo! The Federal Reserve, Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency proposed the…

WASHINGTON- Inflation is slowing steadily, but it's too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said. WASHINGTON- Americans could have a harder time finding electric vehicles that qualify for a full $7,500 federal tax credit under new rules being proposed. They limit electric vehicle buyers…

About 61% of American households have an average credit card balance of $7,486, according to NerdWallet's 2022 American Household Credit Card Debt Study. That's the largest jump in more than 20 years, according to the Federal Reserve Bank of New York. It's estimated that U.S. households will pay an average of $1,380 in credit card interest this year, according to…

For 35 years, Angela Jemmott and her five brothers paid premiums on a long-term care insurance policy for their 91- year-old mother. But the policy does not cover home health aides whose assistance allows her to stay in her Sacramento, California, bungalow, near the friends and neighbors she loves. Her family pays $4,000 a month for that.

If your children are grown and your mortgage is paid off, do you still need to carry life insurance? It depends on your situation, but for many people, a cash-value life insurance policy, such as whole life or universal life, can be a valuable, tax-efficient source of retirement income. And by drawing on the cash value of your policy, you might be able to tempo rarily…

Social Security and Medicare may have begun with the general intent of providing welfare and assisting older adults with inadequate income, but they morphed into an entitlement not always connected to being needy.