Sam Edwards | Getty Images Retirement is often called the golden years. Many elderly Americans probably wouldn’t describe it that way. Recent research from the Center for Social and Demographic Research on Aging at the University of Massachusetts Boston found that many older Americans don’t have enough money to get by. The report estimates that
Month: January 2020
Retirees are sacrificing their own retirement savings in order to help their adult children … [+] financially. Getty Are You Supporting Your Adult Children While Endangering Your Own Financial Security? As an 80-year-old widower I’ll call “Fred” told me, some parents may derive pleasure in helping adult children financially, especially if the children chose careers
Share to facebook Share to twitter Share to linkedin The market resumed its rally from last week, amid renewed trade optimism. Kena Betancur/Getty Images Topline: With the signing of the phase one trade deal mere days away, the U.S. said that it would remove China from a list of countries that it considers as currency
Two Super Bowl viewers could get $500,000 toward their dream homes. That $500K might not go far in … [+] some of the nation’s real estate markets. Getty For two lucky viewers, this year’s Super Bowl won’t just mean bragging rights or a smorgasbord of finger foods and beer. Thanks to a new contest launched
Dave Calhoun, Chairman of Boeing Adam Jeffery | CNBC Boeing’s new CEO, Dave Calhoun, has a daunting to-do list when he takes the reins at the company’s Chicago headquarters on Monday: improving the plane-maker’s strained relationships with regulators and airline customers, winning back public trust and getting the 737 Max — grounded for almost a
Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai. Alex Tai | SOPA Images | LightRocket | Getty Images Lululemon Athletica raised its quarterly sales and profit outlook on Monday, boosted by strong holiday season demand. The athleisure apparel retailer now expects profit per share for the quarter ending Feb. 2 to be
Priyanka Chopra attends the 77th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 05, 2020 in Beverly Hills, California. Axelle | Bauer-Griffin | FilmMagic Priyanka Chopra Jonas is heading to Davos. The actress and activist will urge the world’s billionaires and leaders to use their wealth to end extreme poverty, address climate change
Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018. Bloomberg | Getty Images Billionaire Amazon founder Jeff Bezos has been criticized over the company’s $690,000 donation to bushfire relief efforts in Australia. In an Instagram post on Sunday, Bezos pledged 1 million Australian dollars ($690,000) on behalf of the tech giant. “Our
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters When Goldman Sachs released a long-awaited app for customers of it Marcus consumer bank last week, it did so with little fanfare or hype. Unlike the intense attention on
Tony Elion, Jr. taught himself how to invest by utilizing free resources Tony Elion, Jr. When law student Tony Elion, Jr. decided he wanted to take on investing, he knew he could learn how to do it without spending a ton of money. In fact, a lot of what he came across he found for
Side view portrait of smiling senior woman sitting on couch with her dog and reading book while … [+] enjoying weekend at home, copy space Getty I wrote about the importance of pets to older adults back in 2018, but this is a topic that is timeless and grows in importance every day as more
As your investment account value climb, you may be sitting on a tax time bomb. Here are the new … [+] capital gains tax rates for 2020. Getty We have been in an amazing bull market for more than ten years. In 2019, we saw the U.S. stock markets continue to climb to record highs.
The best of CES LG Smart home technology dominated CES 2020. Throughout a variety of categories including home entertainment, appliances and even mattresses—convenience, integration (especially with Google Home and Alexa) and AI (artificial intelligence) were major trends. Furthermore, while technology and aesthetics tend not to parallel each other, this year there were even a few
“Good morning. Welcome to British Airways. Where can I take you?” The crisp female voice might belong to any woman working for BA, but it’s a robot cruising around London’s Heathrow Airport. The carrier is trying out a pair of autonomous robots that can guide passengers around Terminal 5. It’s one of the latest examples
A Standard Chartered branch in Hong Kong. Miguel Candela l SOPA Images l LightRocket via Getty Images There have been signs that some risks in the global economy are receding, allowing businesses to once again plan for the long term, said Bill Winters, chief executive of British bank Standard Chartered. Winters pointed out on Monday
Exit Getty A look at certain statutes with unintended consequences. “Ageism in the Workplace” is the cover feature of the February 2020 AARP Bulletin. Tales are told of older workers mistreated or axed, and of their sometimes victorious lawsuits. One must feel some pity for winners of age discrimination lawsuits. What prospective employer would ever
Treehouse Hollywood apartment building. CYNTHIA ALEXANDRA FISHER In the spring of 2019, Jade Brandais, the Los Angeles-based founder of Renge, a professional networking app, was searching for an apartment building that would give her the same community feeling she had experienced as a member of WeWork. Although co-working spaces are abundant in LA, co-living facilities aren’t
U.S. Treasury Secretary Mnuchin announces new sanctions on Iran in the Brady Press Briefing Room of the White House in Washington, January 10, 2020. Kevin Lamarque | Reuters Treasury Secretary Steven Mnuchin said Sunday that Boeing‘s 737 Max crisis could curb U.S. GDP in 2020 by half a point, though he expects the economy should
If you feel the urge to take profits as stocks hit new highs, PNC Financial’s Amanda Agati has a message for you: Resist it. According to the firm’s chief investment strategist, the market is not at peak levels. “The worst thing that clients and investors can do with the market at current levels is pull
The good news is that stocks are continuing to rally because the market is assuming the magic combination of continuing job growth, a trade truce, a friendly Federal Reserve, and a bottom on declining global growth will produce an expansion of earnings in 2020. The bad news is that stock prices keep going up, but
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