Retirement

Congress and employers could do more to help the retirement security of family caregivers, claims GAO. Wives and husbands near or at retirement age taking care of their spouses are said to be particularly at risk. Photo credit: Getty Getty Family caregivers could have brighter retirements if the federal government and/or employers take four steps,

Senior couple checking bills at home in the morning Getty If you retire in your late 50s or early 60s, you might need to make your money last 30 years or more, particularly if that money has to provide for both you and your spouse. It takes a boatload of money to be retired that

Share to facebook Share to twitter Share to linkedin Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP The Friday decline took the NASDAQ 100 to the 38.2% retracement level of the prior rally. The S&P 500 is 30 points from its equivalent level. Friday was a projected turning point, and the coming

Image credit: Getty Getty An intriguing bronze-shrawarma-Tower-Eifel- thingy is sitting on top of the active West Side train yards in Manhattan. The platform has internal air-conditioning to keep the pansy and other plant roots from frying from the hot trains coming in and out of New York from Long Island. Hudson Yards also sports a snazzy

In the 45 years since Congress passed the landmark Employee Retirement Income Security Act (ERISA) of 1974, there have been unfortunate changes to the nation’s retirement system that make it difficult for working families to prepare for retirement. Research indicates that one key change – replacing defined benefit (DB) pension plans with defined contribution (DC)

The US-China trade relations are turning from bad to worse recently, with multiple retaliatory options on the table for both sides. One of the options for China is to cut off rare earth metal supplies to US technology and defense industries. That’s according to a couple of Globaltimes editorials.” US faces squeeze on rare earths,”

Unhappy aged lady showing thumbs-down gesture, unhappy with state government Getty The new 401k/IRA modification rules that have passed the House of Representatives and are now being taken up by the Senate will provide a number of improvements and simplification for high net worth taxpayers, while also taking away the ability to “stretch out” distributions

Oregon has one. California is about to implement one. Illinois is partway through implementing one. One what? All these states have state-run programs of IRA accounts in which the state mandates that all employers who don’t otherwise offer retirement benefits, enroll their employees, with an option for those employees to opt out, or to select

FIRE acronym – financial independence, retire early, handwriting on a napkin with a cup of coffee Getty The so-called FIRE movement (Financial Independence/Retire Early) has recently gained attention for offering people a blueprint for retiring early. FIRE practitioners keep their spending as low as possible (this varies from limiting spending to extreme frugality depending on

Talk about having the rug pulled out from under you: You’re knee-deep in divorce negotiations, trying to keep some semblance of balance, and you lose your job. Or your spouse loses their job. How will the court look at this, how will it affect negotiations, and what should you do? Understanding that every situation is

Where’s the market going from here? Well, if you own these seven “never go down” dividend payers, you probably don’t care. My readers are often asking for safe income ideas. For stocks that pay dividends and never drop in price. It’s a very difficult task, but not quite impossible. For most long-term investors who want

Share to facebook Share to twitter Share to linkedin Retirement Researcher A common question I receive regards how to find a trustworthy reverse-mortgage lender. This is not necessarily easy for those beginning the process with little more to rely on than an Internet search engine. A starting point may be with personal referrals from your

The independent, non-partisan Congressional Research Service just released a report showing that the 2017 tax cuts for the richest Americans and corporations did not work. This confirms what anybody who has been looking at the data already knew. Investment did not boom and workers will not see the promised bump in pay . Instead, the

Getty Getty Over the past 8 years, many Americans have noticed that the second to last day in May has started to take on some significance in the personal finance space.  From The New York Times to CNBC, the personal finance press is embracing May 29th – or 5-29 – as the national day to

Many business owners started as employees on payroll for larger corporations. Because of this, they likely understand the importance of providing benefits like 401(k) programs for their own workers. However, as the person in charge of deciding on benefits for your team, you might feel intimidated about the financial and administrative aspects of managing a

I handled all the household finances and bills throughout my 32-year-marriage to my husband, Dale. But when he suddenly died of a massive heart attack at 57 last year, I was so traumatized by the loss, I couldn’t think clearly about managing his life insurance proceeds. In an instant, I had more cash rolling in

Diets come in about as many shapes and sizes as the people who try them. And in the words of perhaps one of the most famous dieters of all time: “If there were a shortcut to having a healthy body, I’m sure I’d have the secret by now,” Oprah wrote that in her blog, “What

I spent Memorial Day with my savvy friend who keeps up on politics and economics. I also had dinner with another scholar. Both were shocked to hear that if Social Security doesn’t get extra revenues, the promised benefits we all expect to get will be cut by 25%. Those cuts will be even deeper for

There is no way to get to anything resembling a secure retirement system without expanding Social Security. We also need to fix the broken employer-based retirement system, but fixing pensions and expanding Social Security are not substitutes. A comprehensive retirement security bill needs both. Let’s start with Social Security.  Social Security is a social insurance

A top manager buys Keysight Technology after the China trade drama has reduced the price by 20%. Getty As the trade war with China is bringing the market down, many ask if this is a good time to invest? While most of today’s mutual fund managers have never seen a bear market, much less a crash, Wayne