A recent survey has shown that baby boomers have far less money saved up in their defined contribution plans than they should That survey found that baby boomers averaged around $263,000 in savings...
The Federal Reserve last week published the minutes from its most recent Federal Open Market Committee (FOMC) meeting That gives a better insight than the monetary policy statement about the...
Millions of Americans, particularly those who work for school districts and government agencies, depend on pension plans for their retirement income They worked for decades, in some cases accepting...
If you’ve been watching financial markets for the past couple of years, you’ll know that the signs of a growing bubble are all around us Stock and bond markets have been in bubbles for months,...
Federal Reserve Chairman Janet Yellen made headlines recently for her comment that we will never see another financial crisis within our lifetimes It’s mind-numbing that someone in her position...
A lot of ink has been spilled about the millennial generation, but only recently has there begun to be a discussion about their patterns of saving and investment That’s because the youngest...
One feature of the post-crisis financial system that is supposed to make the system more resilient to shocks is the introduction of annual stress tests These tests are supposed to model scenarios...
Recent news reports have indicated that President Trump has filled two of the open positions on the Federal Reserve’s Board of Governors One of them, Randal Quarles, was formerly involved in the...
Even though retirement planning is the most prominent financial issue facing seniors, it isn’t the only one There are all sorts of pitfalls seniors may face that they need to be aware of as they...
If you want to be financially successful and enjoy your retirement, there are a few common financial mistakes that you’ll want to avoid Not Creating a Budget Creating a budget should be the first...
If you’re like most Americans nearing retirement age, you may be wondering if you can afford to retire The decision to give up a steady paycheck can be a daunting one Hopefully you’ve been...
We all hear about people who retire early and wish we were in their shoes Most often it’s an athlete who retires in their early 30s because they’re tired of competing They’ll take their...
When taking a new job, it’s tempting for many workers to cash out their 401(k)s and take what could be thousands of dollars of cash Other workers may not pay much attention to their 401(k)s after...
The Federal Reserve Bank of New York announced last week that total US household debt has just risen past levels not seen since the 2008 financial crisis Household debt includes mortgage loans,...
As anyone who’s turned on the news recently knows, the past few weeks have been somewhat tumultuous Political turmoil lurks around every corner, and there may be several international scandals...
Traditional retirement is becoming increasingly harder than it was a few decades ago It used to be that between social security benefits and employer-sponsored pension plans, most people would be...
The economy is very much influenced by the events going on in the world The Brexit vote, for example, caused both the pound and the euro to weaken considerably, and the dollar to grow stronger by...
Inflation is a major drain on investment portfolios — and indeed, almost any other financial product Many people don't understand fully how inflation works, so it’s often ignored However, when a...
Our economy is very much governed by its surroundings The announcement of a federal interest rate hike often causes the stock market to decline, even before it goes into effect News of Brexit last...
Saving for retirement can seem somewhat expensive, and when you’re in dire straits, it can be very tempting to raid your 401(k) to pay off credit card bills or pocket funds that are already in your...
You’re headed into your mid-60s and thinking that the time has come to retire You’ve worked hard for most of your adult life Now it’s time to relax and enjoy the fruits of your labor But are...
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