Retirement

TOPLINE New York Governor Andrew Cuomo said in a press conference on Friday that his state is coming “close” to the bottom of the curve, with five regions now set to begin a phase 2 reopening. Most of the states regions have begun a phase 1 reopening. Chip Somodevilla/Getty Images KEY FACTS The number of

By David Jarmul, Next Avenue Contributor Kate Szerszen watches Alan Teasley’s online OLLI class about Stephen Sondheim Dennis Szerszen “Folks, this is a big experiment,” Alan Teasley laughed, as he began his online adult education class about Stephen Sondheim with a song from West Side Story, using the Zoom videoconferencing technology. During the next hour,

Photographer Frank Gallagher Courtesy of Frank Gallagher Why are so many Americans over 65 self-employed? If you’re thinking the answer lies in Nelly’s lyrics, “Hey, must be the money!” you are mistaken. At least that’s what three researchers found in their recent research looking at self-employment and contract work by age. “In some cases, financial

TOPLINE The market opened higher on Thursday, despite millions more Americans filing for unemployment, as stocks continued to get a boost from reopening the economy and a potential coronavirus vaccine. The Dow is heading for a three-day winning streak. Wang Ying/Xinhua News Agency/Getty Images KEY FACTS The Dow Jones Industrial Average rose 0.8%, around 200

You probably don’t know this, but May is Older Americans Month (and has been since 1963). This year’s theme is Make Your Mark – celebrating contributions older Americans make to communities—as volunteers, parents, grandparents, and more. But as many Americans get older “not being a burden” would likely be part of their ideal Mark. So

By Paula Spencer Scott, Next Avenue Contributor Getty For a birthday girl worried what the advancing postmenopausal years are doing to her mind — yes, that would be me — the chance that very day to talk to a leading neuroscientist who studies women in midlife and beyond proved a happy coincidence. And a galvanizing

Jet Metier in Sea of Cortez, Mexico Chuck Bolotin If I had a big factory in Mexico or if I even aspired to have a big factory in Mexico, I would be doing my research right now to find out which American manufacturers did the most manufacturing in China.  And then, I would make an

TOPLINE As the Securities and Exchange Commission (SEC) cracks down on financial misconduct related to the coronavirus pandemic—from insider trading and misuse of federal funds to advertising fake cures and price gouging on medical supplies, the agency is seeing a surge in tips and whistleblower complaints, according to Reuters. An increasing number of whistleblowers and

A Social Security bridge payment can significantly boost your lifetime retirement income. Getty Older workers who are approaching retirement face a series of complex decisions that come with high stakes. One particularly critical decision is when to start your Social Security benefits. It’s worth your time to develop a strategy for optimizing your Social Security

Getty Back in March, I had the intention of writing a series on multiemployer pensions, and, in particular, bringing attention to pieces of the story that go beyond teamsters and miners, and I had a very helpful conversation with some experts at a different teamsters plan than the one that gets all the press, not

null Getty For many older adults today, especially those aging solo, there is a stage of life in which they feel capable of continuing to live on their own, completely independent. In urban areas that means being able to navigate public transportation, walk comfortably and confidently for several blocks, and shop for the necessities of

NEW YORK, NEW YORK – May 3: Guests at the Frederick Olmsted luncheon arrive and depart from Central … [+] Park’s conservancy garden on May 3, 2017 in New York City. The annual charity event raises money for Central Park and traditionally has a guest list of many of the New York City area’s wealthiest

TOPSHOT – A woman wearing a face mask and a plastic bag pulls a cart loaded with bags of recyclables … [+] through the streets of Lower Manhattan during the outbreak of the novel coronavirus (which causes COVID-19) on April 16, 2020 in New York City. (Photo by Johannes EISELE / AFP) (Photo by JOHANNES

The People Overseeing Your Pension Lack Investment Experience. What could possibly go wrong? Getty In the United States, the combined value of pension plan assets held by state and local governments is over $4 trillion. These pensions are overseen by boards of trustees comprised of lay men and women who generally lack any knowledge or

©laufer – stock.adobe.com The 31st President might have had a lot to say about today’s stock market OK, confession: I never did actually meet Herbert Hoover, the 31st President of the United States. However, I have read a lot about him. Once this market started to get frothy, the market historian in me couldn’t help

TOPLINE Here are 20 stocks that stand to benefit from having so many people staying at home amid the coronavirus pandemic, according to Olivetree Financial. Even though the coronavirus has caused unprecedented market volatility, there are still good deals … [+] to be had for investors. David Becker/Getty Images KEY FACTS Olivetree assigns a sentiment

Getty Just last night, the SBA gave new weekend plans to those of us who advise borrowers and banks on how to plan for and understand the PPP loan forgiveness rules and process. The new Interim Final Rules consist of 26 pages that build upon what we learned from the Loan Forgiveness Application and Instructions,

WASHINGTON, DC – MAY 22: White House economic adviser Kevin Hassett speaks to members of the press … [+] in front of the West Wing of the White House May 22, 2020 in Washington, DC. Hassett discussed on the economic outlook for the second half of the year. (Photo by Alex Wong/Getty Images) Getty Images

Be sure to understand the implication of mortgage forbearance Getty I have heard disturbing reports that some mortgage borrowers who are able to make their monthly payments have opted to take advantage of the forbearance option offered by lenders — evidently because they view forbearance as a benefit. It is a benefit for borrowers who

PPP loan borrowers tackle the new paycheck protection program forgiveness application Getty Businesses that obtained Paycheck Protection Program (PPP) loans now – as of May 15 – have a recipe to follow to have the loans forgiven. They have 56 days after the receipt of the proceeds to spend the money. If all the requirements are