Mutual Funds

getty First, the background: With Congressional negotiations on a “second stimulus” bill going nowhere, President Trump signed a set of executive orders yesterday, of dubious legality or effectiveness, regarding student loans, evictions, unemployment benefits, and, yes, Social Security. After having called for a payroll tax cut since the start of the crisis (as far back
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President Trump signed four executive orders on Saturday. They direct the Treasury to extend the federal bonus for unemployment insurance, order the Treasury and HUD to provide temporary funds to renters and struggling homeowners, extend a payment moratorium on student loans, and defer the 6.2% Social Security tax, also known as the payroll tax. All
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Economic Security Planning, Inc. Today’s column addresses questions about having no income in the years before filing, potentially filing early with minor children, potential effects of continuing to earn income and how spousal benefit amounts are determined. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security
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TOPLINE After Norwegian Cruise Line reported dismal second quarter earnings—with revenue plunging 99% from a year ago—CEO Frank Del Rio said that he was “astonished” that people are still booking cruises, while also expressing optimism the company has enough liquidity to weather a prolonged period of no sailing. Norwegian Cruise Line reported a 99% decline
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While I discussed a variety of ways that insurance companies manage the risks around supporting lifetime income guarantees, fees are the headline mechanism for managing the guarantee risk. Fees can be used to purchase financial derivatives and support other forms of risk management for the guarantee. Deferred variable annuities generally have several types of ongoing
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By Liz Seegert, Next Avenue Contributor getty Researchers have launched a global effort to examine the long-term effects of Covid-19 on the brain. Scientific leaders from more than 25 countries in Asia, Africa, Europe, Latin and North America, with guidance from the World Health Organization, are looking into neurological complications stemming from the coronavirus. Many
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By Richard Eisenberg, Next Avenue Managing Editor getty Life transitions can be jarring at any age, but they often pile on top of each other in your 50s and 60s. Transitioning to retirement…to empty-nesterhood…perhaps to a single life…living through a health trauma. Heck, it’s partly why our site is called Next Avenue. Bruce Feiler, author
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Economic Security Planning, Inc. Today’s column addresses questions about possibly filing early to Avoid potential future rate cuts, determining which income years SSA is using to calculate your benefits and potential effects of part time work while receiving disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president
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Better Economic Outcomes Do Not Follow From Riskier Public Health Approaches getty The responsibility for balancing public health and an economic recovery has fallen on state governments. Some states, such as Massachusetts, New York and Washington, chose to go slow with lengthy stay-at-home orders and a gradual reopening. Others, such as Florida, Georgia and Texas,
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getty For any family with $100 million or more in assets, managing those assets can be a full-time job. Ultra-wealthy families typically have dozens of trusts and partnerships, and an array of investments that require oversight and performance reporting. They also need sophisticated cash flow and liquidity management, not to mention extensive tax, estate, and
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By Nancy Collamer, Next Avenue Contributor getty Catching the attention of a job recruiter has long been a challenge, but it’s especially difficult right now. In the week ending July 24, 2020, 1.4 million Americans filed for unemployment, marking the 19th straight week that jobless claims have topped one million. Still, since over 90% of
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Economic Security Planning, Inc. Today’s column addresses questions about potential increases due to continuing to work after filing, eligibility for spousal benefits, filing on the record of a younger spouse and whether the WEP and the GPO will be invoked by a foreign pension. Larry Kotlikoff is a Professor of Economics at Boston University and
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There is one thing about the current pandemic about which there is no controversy—seniors are most vulnerable. With every warning and every description of preventive measures telling seniors to self-isolate, stay home, and avoid others, there is an inevitable consequence: loneliness. Loneliness among elders was problematic before Covid-19. Now it is worse. And lip service
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By Richard Eisenberg, Next Avenue Managing Editor getty Ever since I wrote the viral 2017 Next Avenue post, “Sorry, Nobody Wants Your Parents’ Stuff,” I’ve been a little obsessed with Americans’ love/hate relationship with their possessions and downsizing. So, I was fascinated to read University of Kansas sociology and gerontology professor David J. Ekerdt’s new
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