Retirement

Demonstrators march down Pennsylvania Avenue near the Trump International Hotel during a protest … [+] against police brutality and the death of George Floyd, on June 3, 2020 in Washington, DC. Getty Images Nationwide protests following the death of George Floyd have thrown issues of economic inequality, already exasperated by the coronavirus crisis, into sharp

Getty A frequently asked question regarding retirement for people fortunate enough to have a defined-benefit pension is…should you take the lifetime monthly pension or lump sum option? As companies look to shrink increasing pension costs and liability, they will frequently offer a pension lump sum buyout. This significant amount is usually the largest lump-sum payment

Making the right choices when it comes to a Pension Buyout offer can lead to a more joyful … [+] retirement. Getty During the coronavirus pandemic, more people are worried about their company pension plans. Many American companies are under financial duress, which could spill over into the underfunding of pension plans. Make 2020 the year

Making a tough choice? Carefully investigate your options. Getty Many older workers are in a jam these days, having been furloughed or laid off due to the economic turmoil caused by the COVID-19 pandemic. Relief payments and unemployment checks might help some people. But many older workers need additional help to make ends meet, and

Getty Do you want to prepare your children to take an active role when it is time for them to control custodial assets? Or are you a young professional who simply wants to understand the investment options available in your 401(k)? There are a number of reasons that may prompt younger people to want to

The most vulnerable among us, our aging loved ones, are still socially isolated in many places. It may be that senior homes with at-risk elders will be the last to have visitors in this pandemic. In counties tracking the statistics of COVID-19 infections in long term care homes, some have things under better control and

Getty PPP Borrowers Breathe a Great Sigh of Relief On May 29th, I posted an article about the House’s Bill, H.R. 7010, which can be viewed by clicking here. This Bill, as I said, is remarkably short and to the point, containing only 7 pivotal provisions which will forever change how PPP borrowers can make

For Americans who are able to retire, retirement has always been a period of uncertainty.  It is important to plan for retirement and this requires consideration of a range of risks.  COVID-19 has taught us a few lessons about these risks: 1.     Events we don’t expect can happen and they can have a major impact on both our

GetSetUp’s team holding a virtual staff meeting Neil DSouza As layoffs, furloughs and money worries escalate due to the coronavirus pandemic, many Americans are hungry for side gigs. According to a Jobvite report, 46% of workers surveyed in April said they plan to pursue a side job, up from 36% in February. But as much of

TOPLINE Shares of Tiffany & Co. plunged on Tuesday after a report that its blockbuster $16.2 billion takeover by luxury goods giant LVMH, which would have been the biggest luxury brand deal ever, is now looking less likely to go through. Trading was briefly halted as the jeweler’s stock plunged. Budrul Chukrut/SOPA Images/LightRocket via Getty

©Dilok – stock.adobe.com The dominance of bigger stocks is a risk that must be dealt with. Here’s how to do that. You don’t need me to tell you that when you are putting your hard-earned wealth at risk in the stock market, you need to focus on what you are doing. However, that’s not the

Getty According to AARP employment data, women over the age of 55 face a dual threat to their careers and earning power amid the financial and labor market turmoil due to Covid-19. In April, approximately 20 million jobs were lost in the United States and the unemployment rate reached a staggering 14.7%. Between March and

BOSTON, MA – APRIL 14: Boston EMS remove an elderly patient from Sherrill House, a nursing home in … [+] Jamaica Plain (Photo by David L. Ryan/The Boston Globe via Getty Images) Boston Globe via Getty Images We are beginning to learn which nursing homes are most likely to be hit with COVID-19.  And while

Isn’t Success About Having Enough? COPYRIGHT 2016 JONATHAN LOOK JR I am a 59-year-old American. I don’t own a home. I don’t own a car. The furniture that I sit upon and the bed that I sleep in is not my own. Most of the mementos that I accumulated over the years are gone. I have

Detroit’s newly-revitalized Woodward Ave. A one-mile stretch of Woodward became the first … [+] concrete-paved road in the country in 1909. Getty What do the protests engulfing the country have to do with public pensions? More than you’d think. Here’s some reporting coming out of Detroit, via the Detroit Free Press. “Following a script seemingly

By Randi Mazzella, Next Avenue Contributor Getty Since the Covid-19 pandemic began and we have been sheltering in place, many people are spending a lot of time worrying about getting groceries and preparing meals for their families. However, for many individuals across the country, the worries exist like never before as many are now facing

By Kerri Fivecoat-Campbell, Next Avenue Contributor Getty Whether you had to cancel a vacation due to the coronavirus pandemic or are itching to plan one, you’re probably buzzing with travel questions. So, Next Avenue spoke to a few experts for their best advice. After months of quarantine living, some people lately have begun leaving home

Getty In an ideal world, every older household would have had a financial buffer to cushion the blow when the Covid-19 crisis hit. Every older worker knows there’s a risk of sudden shocks to income or health, and most try to have some savings or credit lines to tap in case of unexpected medical bills

Coronavirus covid-19 One Dollar Bill With Medical Face Mask George Washington Getty Tens of thousands of American businesses have collectively borrowed over $511 billion dollars under the Paycheck Protection Program. These loans are non-recourse, require no collateral and bear interest at only 1%. Below, we describe the 8 changes that the Bill would make. Better yet,

Getty In last week’s article, we went over the wealth transfer from generation-to-generation and how proper estate planning can be crucial. That is why the generation of people with ages in the range of 70 to 90 is prime for taking advantage of proper estate planning techniques. Many of them were the first in their families