Retirement

Take the time you need to learn about retirement income strategies. Getty How should you deploy your retirement savings to generate lifetime income? That’s one of several critical decisions pre-retirees face as they approach retirement.  To help you answer this question, let’s look at the “Retirement Income Scorecard” that I developed to estimate the amount

TOPLINE The market opened higher on Friday, but stocks cut gains and turned negative amid fears on Wall Street over a resurgence in coronavirus cases across the country. Stocks are set to end the week higher. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was down 0.4% by midday on Friday, while the

Universal Images Group via Getty Images When it comes to planning for retirement, the fundamental math is straightforward: your income in retirement (including reasonable savings spend-down) must equal or exceed your expenses. Experts therefore worry about retirement readiness in terms of the degree to which Americans will have sufficient income in retirement — for example,

By Grace Birnstengel, Next Avenue Editor Getty Early on in the pandemic’s sweep over the U.S., a nursing home resident in Minnesota left her home for a weekend visit elsewhere. When she returned, the facility wouldn’t allow her back inside, for fears surrounding the coronavirus. The nursing home demanded a Covid-19 test. But at that

TOPLINE The market opened lower on Thursday, but recovered its losses and turned positive despite stocks taking a hit from worse-than-expected weekly jobs data and fears over a resurgence in coronavirus cases across the U.S. Another 1.5 million Americans filed for unemployment last week. Spencer Platt/Getty Images KEY FACTS The Dow Jones Industrial Average was

Gambling to overcome coronavirus losses sounds like the “advice” you’d expect from a casino owner, … [+] not from the Chairman of a federal agency charged with protecting investors. ASSOCIATED PRESS Trump SEC Chairman Jay Clayton urges 401k plan sponsors and investors to gamble on private equity funds as a means of recovering coronavirus losses.

By Michele Turk, Next Avenue Contributor Getty By the time my doctor told me via FaceTime that I tested positive for Covid-19, my symptoms were long gone. I was probably not contagious anymore, and I had temporary immunity to the virus. For weeks afterward, the same thought replayed in my mind: I survived the coronavirus. How

Alexander E. Kearns. Kearns family With additional reporting by John Dobosz and Jeff Kauflin The note found on his computer by his parents on June 12th asked a simple question. “How was a 20 year old with no income able to get assigned almost a million dollars worth of leverage?” The tragic message was written

Variable Annuities Caveat In this discussion of variable annuities, I am mostly making an implicit assumption that the annuity is competitively priced. Fees reflect what is needed to support the guarantees provided by the insurance company and to keep the company profitable. But fees are not excessive such that the value to the consumer is

By Andrea Cooper, Next Avenue Contributor Nicole Dunn and her mother, who recently moved into an assisted living community Courtesy of Nicole Dunn Nicole Dunn was all set to move her mom, Barbara, into an assisted living community in St. Petersburg, Fla. in April. Then Covid-19 struck. The facility temporarily banned outsiders and “that meant

In a previous Forbes article, I discussed how the Social Security trustees have raised the alarm about the eventual depletion of the trust fund. The report indicated that their dire warning did not include the possible ramifications of COVID-19, and on May 28, Penn Wharton took a new shot at this contingency in their report,

By Grace Birnstengel, Next Avenue Editor Getty Right now, the idea of justice is on the minds and hearts of the masses. Justice is sought for anyone who is wronged. Justice can be defined by an individual and looks differently for everyone. Acts of injustice are seen on large scales against historically marginalized groups: People

By Richard Eisenberg, Next Avenue Editor Imani Woody, Larry Curley, Ron Long Next Avenue What does the future of aging in America look like? For answers, every year we ask some of our newest Influencers in Aging to offer their views at the American Society on Aging’s Aging in America conference. The pandemic turned this

Getty Last week, the S&P 500 turned positive for 2020. On its face, this makes no sense at all. Covid-19 hospitalizations are still increasing in many states, unemployment is sky high, and we’re in the midst of the worst recession since the Great Depression. In March, I wrote an article pointing out that the stock

Photographer: Matt Stroshane/Bloomberg News. BLOOMBERG NEWS NEW PPP APPLICATION FORM ISSUED JUNE 12, REGULATIONS ISSUED JUNE 11, LETTER OF GUIDANCE FROM TREASURY AND THE SBA, AND A SENATE COMMITTEE HEARING HAVE ALL HAVE OCCURRED SINCE PASSAGE OF THE PPP FLEXIBILITY ACT ON JUNE 5TH – HERE IS WHAT YOU NEED TO KNOW. Disney World and

Minneapolis Police Chief Medaria Arradondo addresses the media, Wednesday, June 10, 2020 in … [+] Minneapolis. The press conference follows the Memorial Day death of George Floyd in police custody after video shared online by a bystander showed former officer Derek Chauvin kneeling on Floyd’s neck during his arrest as he pleaded that he couldn’t

©miket – stock.adobe.com As the “easy money” era runs its course, money management doesn’t have to be difficult. A look at what’s next. From low rates to where? There was a time when retirement planning was straightforward. It went something like this: invest some money in stocks for growth, and buy bonds with the rest.

NEW YORK, NY – APRIL 10: Dwyane Wade; Victor Cruz, DJ Clue and Carmelo Anthony are seen at Dwyane … [+] Wade’s One Last Dance Retirement Party at CATCH NYC on April 10, 2019 in New York City. (Photo by Bobby Metelus/Getty Images) Getty Images The fin-tech firm Betterment found a third of millennials/Gen Z

U. S. Department of Labor watchdogs just opened the door for private equity wolves to sell the … [+] highest cost, highest risk, most secretive investments ever devised by Wall Street to 401k plan sponsors. 401k investors will be devoured like lambs to the slaughter. Getty U. S. Department of Labor watchdogs just opened the

TOPLINE The stock market rebounded slightly on Friday, attempting to recoup some of its losses from a day earlier when fears over a resurgence of coronavirus cases led to the worst market drop since March. The market attempted to rebound from a massive sell-off on Thursday. Wang Ying/Xinhua News Agency/Getty Images KEY FACTS The Dow