US President Donald Trump, with Director of the National Economic Council Larry Kudlow (L) and US … [+] Secretary of the Treasury Steven Mnuchin, speaks to the press in the Brady Briefing Room of the White House in Washington, DC, on July 2, 2020. (Photo by JIM WATSON / AFP) (Photo by JIM WATSON/AFP via
Retirement
By Leslie Hunter-Gadsden, Next Avenue Contributor Getty In her fascinating new book, Our Money Stories, Eugenié George, a Philadelphia financial planner, wellness coach and former grade-school teacher, has dug deep into how the economic history and oppression of African American, Latinx, Native American and Asian American women have affected their money management. Our Money Stories
What’s important for your retirement? Getty As you’re planning for retirement, when you stop and think about it, you’re planning for a 20- to 30-year period of your life. It’s a task to take seriously, and it’s not a good idea to wing it. As you approach retirement, it’s important to think about the life
WASHINGTON, DC – JUNE 26: U.S. President Donald Trump signs an executive order related to reforming … [+] the hiring process for federal jobs in a meeting of the American Workforce Policy Advisory Board in the East Room of the White House on June 26, 2020 in Washington, DC. Earlier in the day President Trump canceled
Months ago when the virus took hold it looked as if marriage rates might tank – continuing a 100 year low. After all, a lot of couples were postponing big weddings. As it turns out, though, in a number of counties more people applied for marriage licenses than in years past. Couples are now exchanging
TOPLINE Despite a surge in coronavirus cases across the country, the market finished mostly higher on Wednesday—the first day of the third quarter, after stocks got a boost from positive coronavirus vaccine news and strong U.S. economic data. Stocks moved higher to start the third quarter. Angela Weiss/AFP via Getty Images KEY FACTS The S&P
By Richard Eisenberg, Next Avenue Editor Getty The growing movement around the country to defund the police is, in the words of the ACLU’s policing policy advisor Paige Fernandez, about investing “in institutions, resources and services that help communities grow and thrive.” So, I’ve been wondering: Could defunding the police initiatives wind up helping to
Getty The risk of inflation seems to be of little concern to investors in recent years. Most likely, that is due to the recency bias investors tend to exhibit. The fact that inflation has been tame for the last 30 years, leads many to think that this will continue indefinitely. While inflation was averaging over 10% in
TOPLINE The stock market finished higher on Tuesday, closing out its best quarter since 1998 despite a rising number of coronavirus cases across the country—as many states pause or walk back reopening plans altogether. The market had its best second quarter in decades. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was up
Some of the cast of the HBO show “Succession” the Golden Globe Awards Chris Pizzello/Invision/AP Anyone who’s watched the Roy family spar in the HBO series Succession would be tempted to run 100 miles in the opposite direction of a family meeting. Despite the tranquil backdrops for these gatherings – such as a sprawling ranch
By Bob Blancato, Next Avenue Contributor and Elder Advocate Getty As the national coordinator of the national and grassroots advocacy group, the Elder Justice Coalition, I believe the need to address elder justice has become even more urgent recently. Congress appears to think so, too. Elder justice is the holistic approach of preventing and handling
Getty Yes, the GROW Act — the best new retirement innovation you’ve never heard of (regular readers of this site excluded). For quite some time, I’ve been insisting that Congress must come to a compromise with respect to a rescue and reform of multi-employer union pensions, with a combination of federal fund infusion plus changes
Wealth Losses In the Pandemic Hurt All Households Getty Households lost $6.5 trillion early in the pandemic. Most of this decline came from sharply lower stock prices and thus especially hurt the wealthiest American households. Yet even less wealthy ones saw a substantial drop in their wealth and those wealth losses are more likely to
Workers protest (Photo by VALERIE MACON / AFP) (Photo by VALERIE MACON/AFP via Getty Images) AFP via Getty Images As the nation the moves into an uncertain and wobbly relationship with the Covid-19 virus, it would be both just and smart to pay more to essential workers for risking their lives in the field. Hazard
Getty Many people relate to 401(k) and 403(b) plans, which feature optional employer matching contributions. (There are other plan types such as the SIMPLE plan, which offers an employer match, which we are leaving out of this article.) Some employees say that if the company does not match their contribution, they simply won’t save. But
By Kerry Hannon, Next Avenue Contributor Getty There are “unique challenges with a family business, particularly when it comes to making tough decisions in difficult times,” a friend of mine who runs a leisure and hospitality business with her siblings, wrote me this week. I had sent her a note asking how things were going
Getty The Department of Labor announced on June 3rd that retail 401(k)s and other defined contribution plans would now be able to invest in private equity funds as a part of a diversified asset allocation fund, such as a target-date fund. The ruling allows for the plan fiduciary to allocate assets to a private equity
Do you believe Donald Trump is a “prudent man” capable of rationally, intelligently managing your … [+] pension, your 401k and your health care? Like it or not, he’s making unprecedented decisions that undermine the financial security and health of Americans. Getty Regardless of whether you love or hate him, do you believe Donald Trump
By Sherri Snelling, Next Avenue Contributor Getty When Harvard Business School published its 2019 Caring Companies report, finding that 3 out of 4 employees are also caregivers, the researchers couldn’t have predicted that the workplace caregiving crisis was about to collide with the coronavirus crisis. Nor that the combination would accelerate a sea change in
By Sarah McKinney Gibson, Next Avenue Contributor John Frick and students Courtesy of John Frick While the pandemic has put in-person mentoring on indefinite hold, a growing number of older adults are finding virtual ways to make and broaden meaningful intergenerational connections. Here are five of their stories: Ervan Caesar: Mentoring Teens in the Youth