Retirement

TOPLINE As House Democrats try to pass a new $3 trillion coronavirus relief package later on Friday, the bill faces opposition from Republicans and moderate Democrats who take issue with its cost; meanwhile, progressives argue that the legislation doesn’t go far enough. The House will vote on the legislation Friday evening and not all democrats

Getty Are you the parent of a young adult who has recently ventured out into the workplace? Do you want to help your children learn about investing fundamentals in order to prepare them for a healthy financial life? When you’re in your early 20s, financial planning isn’t the first item you tend to think about.

Basement of a bank full of banknotes, at the time of the Mark devaluation, during the economic … [+] crisis, Weimar Republic (Germany), 1923. (Photo by Albert Harlingue/Roger Viollet via Getty Images) Roger Viollet via Getty Images In the news today: “Biden Taps Top Bernie Allies to Craft Economic Agenda,” Washington Free Beacon. “The Biden

Getty Former First Lady Rosalynn Carter famously said: There are only four kinds of people in the world — those who have been caregivers, those who are currently caregivers, those who will be caregivers and those who will need caregivers. The new, mammoth Caregiving in the U.S. 2020 report from AARP and the National Alliance

Congratulations to the 2020 high school graduates! Getty For the senior class of 2020, finishing high school has been something out of the twilight zone—no prom, no graduation ceremony, distance learning at home and canceled finals. While a lot of you have gotten your college acceptance letters and are now deciding which school you want

Business owners getting aid under the Paycheck Protection Program need to be aware of Safe Harbor Getty If you are a small business owner who applied for the PPP loan and later wondered if you should return the funds because of unclear certification requirements, I have some good news for you.     What’s New Today, May

By Monica Cardoza, Next Avenue Contributor Teresa Brown, of Rooster Ridge Farms, says she’s not going for the ‘mega-flower farmer thing’ Courtesy of Teresa Brown With a growing demand for local, sustainably grown fresh-cut flowers, some people with a love of gardening have found second careers as flower farmers. “The DNA’s already there,” says Debra

Getty Yesterday, House Speaker Nancy Pelosi and the House Democrats unveiled their proposal for a new round of stimulus in response to the coronavirus crisis, an 1,815 bill they call the “Heroes Act” (yes, for “Health and Economic Recovery Omnibus Emergency Solutions Act”). As might be expected by a bill of this length, its provisions

TOPLINE New York Gov. Andrew Cuomo’s proposal for an “Americans First Law” that would require corporations to give back federal funds if they do not rehire employees to pre-pandemic levels will be introduced in Congress by the state’s delegation, elevating the governor’s high-profile response to the pandemic to Washington, D.C. The “Americans First Law” floated

TOPLINE The market opened slightly higher but later turned negative on Tuesday, falling around 2% as Wall Street continued to assess the risks of reopening the economy too soon. Investors continue to assess the risks of the U.S. returning to business. Johannes Eisele/AFP via Getty Images KEY FACTS The Dow Jones Industrial Average fell 1.9%,

©WrightStudio – stock.adobe.com Some time periods are more telling than others. But it’s a moving target. You see it at the bottom of every investment product advertisement that includes performance information: “Past performance is no indication of future returns.” As someone who analyzed portfolio performance for a living before I switched to the other side

Should you buy life insurance on your parents for Mothers day? dpa/picture alliance via Getty Images Many people are finding themselves caring, at some level, for both children and parents. This sandwich generation will likely find their finances stretched thin through the coronavirus pandemic. With seniors reportedly at a higher risk of dying from this

A second round of stimulus checks could cost up to a staggering $10 trillion. Getty The COVID-19 crisis shut down the American economy in an unprecedented manner. The closure of non-essential businesses, schools, and public gatherings have forced over 30 million workers into unemployment since the middle of March. The government responded quickly to the

Overcoming Hostile Market Structures Faced by Retirees (c) Can Stock Photo / alphaspirit In the microeconomics literature, the focal point is the price paid by consumers, and what matters is the number of sellers to which consumers have access. If there are many, the market is competitive, and the price will be as low as

©GoodIdeas – stock.adobe.com It’s time to rethink what “safe” investing really is The stock market can get pretty crazy. That is nothing new. But when the bond market offers little income, and bond price swings start to resemble that of stocks, it’s a sign. Specifically, instead of trying to pull blood from the old stone

Getty Imagine, if you will, an alternate reality, in which all 50 states had an equivalent track record in terms of sound fiscal management. They paid their bills on time, they spent responsibly, workers received fair market wages for their services, corruption inflating spending was not an issue, or was evenly prevalent everywhere. To an

Getty “When I was a boy and I would see scary things in the news, my mother would say to me, ‘Look for the helpers. You will always find people who are helping.’” This quote by Fred Rogers, the soft-voiced creator of PBS’ Mister Rogers’ Neighborhood, couldn’t be more apropos today. Thankfully, personal finance helpers

TOPLINE Warning that the coronavirus crisis will have a more profound impact on the economy than initially expected, senior executives are increasingly concerned with the survival of their companies, a recent survey by consulting firm West Monroe shows. Business leaders are increasingly concerned with survival, including burning through cash reserves. Wang Chun/VCG via Getty Images

null Getty As discussed in our blog post dated May 4, 2020, individuals and businesses that received PPP loans and did not qualify by having the loan be “necessary to support the ongoing operations of the business” now have until May 14 to return the monies in order to receive full amnesty for all civil

Getty First, there was OK Boomer, the pejorative meme mocking older people. Then came #boomerremover, the morbid catchphrase used by some millennials and GenZers as a shorthand for the coronavirus pandemic to describe the higher vulnerability of boomers, generally, to COVID-19. Now, there’s #Grandmakiller. (Read all of Next Avenue’s COVID-19 coverage geared toward keeping older