Retirement

TOPLINE The stock market finished nearly 2% higher on Friday, despite one of the worst monthly jobs reports in history, as investors continued to look toward a reopening of the economy and bet that the worst of the economic impact from coronavirus has passed. The market moved higher, despite over 20 million job losses in

Getty The Coronavirus Aid, Relief, and Economic Security (CARES) Act, recently passed into law, includes a number of measures designed to stimulate the economy. One provision allows retirees to forgo taking Required Minimum Distributions (RMDs) from IRAs or 401(k)’s (or other qualified accounts) this year (2020). Furthermore, the relief applies to both retirement account owners,

401(k) Champion Award® Jackson, Grant Investment Advisers, Inc. At a time when we are working hard to survive during this pandemic, we must not forget that we have a future.   Well before the coronavirus arrived on the scene, I was on the lookout for peer-to-peer 401(k) influencers. In that role, I initiated a nationwide search for

By singling out state and local pensions as undeserving of coronavirus relief, McConnell has … [+] redirected national attention to the pre-existing public pension underfunding crisis. Americans are rallying in support of police, firefighters, and school teachers. ASSOCIATED PRESS By singling out state and local pensions as undeserving of coronavirus relief, Mitch McConnell has redirected

null Getty As you look around for projects to dive into during the enforced isolation and shelter-in-place directive, look around your home and ask yourself “is this the house I can safely grow older in?” This may be the perfect time to make your home more age-proof and suitable for you and your family as

By Wendy Marx, Next Avenue Contributor Getty (Wendy Marx has had five careers: social worker, newspaper reporter, marketer, PR entrepreneur and now career coach and reinvention expert. In this excerpt from her new book, Thriving at 50+, Marx explains why knowing how to tell your story can help you find work in midlife or find

Getty The Internal Revenue Service has issued a series of questions and answers regarding the CARES Act coronavirus-related relief for retirement plans and Individual Retirement Accounts. That’s helpful as folks consider tapping these accounts in the economic downturn.  As of April 17, Fidelity Investments found that 164,950 individuals (nearly 1 out of 100) covered under

TOPLINE A day after warning that it may be forced to file for bankruptcy, Norwegian Cruise Line on Wednesday announced that it had raised over $2 billion in funding to ensure that the company can withstand “well over” a year without revenue amid the coronavirus pandemic. The company now has enough liquidity to weather coronavirus

For those seeking to spend more in retirement than the bond yield curve can support, the alternative to seeking risk premium through an aggressive asset allocation is to pool risk through insurance. Income annuities are the simplest type of insurance products which trade a lump-sum payment for protected lifetime income. The ability to convert a

TOPLINE With Madison Square Garden successfully completing the separation of its sports and entertainment businesses last month, the spinoff created two separate stocks which are both currently undervalued, according to market experts. Revenue potential from The Sphere, Las Vegas project may be getting overlooked by the market. Eduardo Munoz/Corbis via Getty Images KEY FACTS Last

TOPLINE Shares of Norwegian Cruise Line plummeted by up to 20% on Tuesday after the company warned investors that it may be forced to file for bankruptcy as the coronavirus continues to wreak havoc on the cruise industry. One of the biggest cruise operators in the world could now be facing bankruptcy. Sam Greenwood/Getty Images

COVID-19 has changed the day-to-day lives of millions of people and the vast majority of Americans are affected by social distancing measures to stop the spread of the disease.  At the same time, equity markets have been volatile, and many people are out of work, at least temporarily.   One of the most pressing questions that many

Don’t panic by reading the headlines; find out where you stand Getty “Retirement accounts have been decimated by the recent stock market crash.”  I heard this statement recently from a professional who really should know better. While the recent stock market volatility is indeed disturbing, the reality of the situation for most workers and retirees

Members of Forbes Finance Council share outdated investing “rules” you should actually steer clear of. Photos courtesy of the individual members. As the times change, so does the world of finance. Some investors are still stuck on “rules” of investing that have become obsolete, and sticking with these old adages may hurt you in the

By Terry Fulmer, Next Avenue Contributor Getty (Across caregiving and community, business and intergenerational attitudes, the pandemic and how we respond to it could change us forever. Some of Next Avenue’s Influencers in Aging have been offering their insights, counsel and opinions of what could lie ahead — if we choose. The following piece, by

Getty Mainstream financial channels have made a big deal out of the current, furious relief rally (“Is it a ‘V-shaped’ recovery?” they muse). Whether it’s a V, a W, an L, a Nike swoosh or (my favorite) a bathtub, the fact is that many cash flows—and hence the dividends they fund—are under siege. (This is

Getty There are plenty of reasons to avoid taking money out of your retirement savings before you retire. “These are emotional times and it can be tempting to take funds from a retirement plan to pay for current expenses,” says Allison Brecher , General Counsel at Vestwell in New York City. “Participants closer to retirement

TOPLINE Billionaire investor Warren Buffett, speaking at Berkshire Hathaway’s first-ever virtual shareholders meeting on Saturday, said that he is optimistic that the U.S. economy can bounce back and overcome coronavirus.  “Nothing can basically stop America,” the Oracle of Omaha said. Nati Harnik/ASSOCIATED PRESS KEY FACTS While Buffett admitted that “we haven’t faced anything that quite

TOPLINE Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, told shareholders on Saturday that he had sold all of the company’s airline stocks, admitting that he had made a mistake and that coronavirus had changed the business in a “very major way.” The Oracle of Omaha sold all of his airline stocks. Daniel Zuchnik/WireImage KEY

TOPLINE Billionaire Warren Buffett’s famed investing conglomerate, Berkshire Hathaway, reported a massive net loss of nearly $50 billion in the first quarter, as the coronavirus-driven market sell-off took a significant toll on the company’s stock holdings. Operating profits rose, even as the company posted a record loss last quarter. Nati Harnik/ASSOCIATED PRESS KEY FACTS Berkshire