All economists know that lowering prices by creating recessions hurts the most vulnerable and makes inequality worse. We would welcome a tool that helps boost savings and wealth for the non-rich in times of inflation. Larry Marsh is getting attention for his proposal to slow inflation humanely with digital currency accounts held at the Federal
Mutual Funds
Topline The share prices of U.S. gun- and ammunition makers shot up Thursday after the Supreme Court struck down a New York law restricting concealed carry, the widest expansion of gun rights in over a decade that could lead to further rollbacks across the nation. Key Facts In a 6-3 ruling on Thursday, the U.S.
Topline With oil prices down this month, billionaire investor Warren Buffett is once again buying the dip by adding to one of his favorite energy stocks, as his investing conglomerate Berkshire Hathaway purchased roughly $500 million worth of Occidental Petroleum shares this week. Key Facts Buffett’s Berkshire Hathaway purchased roughly 9.5 million shares of Occidental
Topline The Federal Reserve’s “heightened sensitivity” to rising inflation expectations could be triggered by a barrage of political ad campaigns that are expected to highlight surging consumer prices ahead of the midterm elections in November, analysts at Goldman Sachs warned on Friday, adding that the central bank may feel “compelled” to keep hiking rates aggressively.
Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. Key Facts Stocks snapped a three-week losing streak on Friday: The Dow Jones
If you’re approaching retirement or have recently retired, you might be concerned that the recent decline in the stock market or high inflation could derail your retirement. And indeed, there are good reasons to pay attention in today’s uncertain environment. But instead of being paralyzed with worry or making the wrong moves, channel your fear
What estate documents do you really need to have? Here’s a list and explanation of each. If you’re missing anything or not certain what you have or whether you need more, call your estate attorney, and follow up. If you don’t have an estate attorney, ask your CPA or wealth adviser for a referral. Whether
Some elders live in multi-generational households and family is always nearby. Most do not and millions of seniors live far from their families, on their own. Whether widowed or living with a spouse or partner who is also impaired, the aging parent can create incessant worry for their adult children. No one wants to take
Over the past few years, many people have created spousal lifetime access trusts (commonly known as SLATs) for their spouse, which benefits the spouse while he or she is alive (and you indirectly) and then your children when your spouse dies. It’s a common and nifty estate planning tool that allows you to use up
Topline Stocks fell slightly on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, while Federal Reserve Chair Jerome Powell pledged that the central bank is “strongly committed” to raising rates until inflation moderates. Key Facts Markets finished lower in choppy trading: The Dow
There are so many books, articles, podcasts, and shows about planning for retirement that it might seem overwhelming to you. With so much information coming at you, it’s possible to lose sight of your overall strategy and not see the forest for the trees. To help you focus on the most important decisions, you’ll want
Topline Federal Reserve Chairman Jerome Powell pledged in testimony before Congress on Wednesday that the central bank is “moving expeditiously” to raise interest rates and remains “strongly committed” to doing so until there is “compelling evidence” that inflation is normalizing. Key Facts In his semiannual testimony on monetary policy to Congress, Powell faced questions from
Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of Ukraine, some experts are now predicting that prices will decline by next year. Key Facts Energy prices have been surging in recent
The period when you transition into retirement is one of the most critical times of your life. It’s comparable in importance to the period when you transitioned into adulthood, roughly between ages 20 and 30. Think about it: Your decisions during that time put your life on a course with implications that have likely lasted
Topline Stocks moved higher on Tuesday as the market attempted to recover from its worst week since March 2020, despite the fact that investors widely remain nervous about surging inflation and rising rates leading to a recession. Key Facts Stocks bounced back somewhat after a heavy week of losses: The Dow Jones Industrial Average rose
Health experts anywhere, including those in the Federal government tell us we need to move more, sit less and eat a healthy diet, especially as we age. Yet, the majority of adults over 65 aren’t following these guidelines. What’s stopping ordinary folks from following this advice? Over half of American seniors are not getting the
By Nancy Collamer, Next Avenue Serving on a corporate board of directors can be a rewarding second act, especially if you’re eager to keep learning and earning after retirement. But finding and landing a corporate board seat isn’t easy. Debra Boggs, a job search and resume expert who helps executives find board seats, offered some
By Richard Eisenberg, Next Avenue We all want value when shopping for a car, a home or a college for our kids. So, it seems only natural that value-based health care — where health care providers get rewarded with bonus payments for better patient health outcomes and penalized for poorer outcomes — would be a
By Randi Mazzella, Next Avenue Years ago, Tracy Beckerman moved from New York City to the suburbs of New Jersey with her husband to raise her two children. But when the kids grew up and left the nest, her husband urged her to move back into the city. “He is a musician and works in
By Leslie Hunter-Gadsden, Next Avenue The means of marketing a business comes in many forms but with the number of times a day that prospective customers check their social media platforms, it is a good idea for small business owners to at least explore using social media to spread the word about their startup. Platforms
Topline With stocks falling into a bear market this year amid fears that aggressive rate hikes from the Federal Reserve will plunge the economy into a looming recession, top firms on Wall Street are advising investors to stick with stocks that have historically performed well during past downturns, such as consumer and healthcare companies. Key
Topline The stock market struggled for direction on Friday after brutal selloffs in recent days, with the benchmark S&P 500 on track for its worst week since March 2020 as investors brace for a looming recession. Key Facts Stocks were mixed after several sharp selloffs earlier this week: The Dow Jones Industrial Average fell 0.1%,
Topline Markets tanked on Thursday as recession fears surged once again, with stocks reversing gains from the previous session when the Federal Reserve announced it would hike rates by 75 basis points, the biggest increase since 1994, in a bid to combat surging inflation. Key Facts Stocks fell after rebounding a day earlier: The Dow
Are high-net-worth investors more at risk of suffering investment fraud because of their wealth? Attorney Niel Prosser of Prosser, Clapper & Johnson Law of Memphis, Tenn., believes they might be. Prosser, a litigator, explained that those with wealth can be at the greatest risk of possible fraud. A Litigator’s View This is a position that
Share to Facebook Share to Twitter Share to Linkedin Long-term savers can be thankful that interest rates are higher. They’re finally getting a real return. I f you have a chunk of retirement money in bonds, you’re probably feeling miserable. This year’s spike in interest rates has wrecked what was supposed to be the safe
On World Elder Abuse Awareness Day, June 15, we are reminded of the extent of this issue. There are endless reports in the press about yet another vulnerable elder who got ripped off by an unscrupulous financial manager, wealth advisor or other in a position of control over money. What we don’t see in the
Topline Mortgage rates have surged higher this week as markets digest more aggressive interest-rate hikes from the Federal Reserve, and with the average 30-year fixed mortgage rate hitting its highest level since 2008, experts warn that warning signs in the housing market could spell trouble for the broader economy. Key Facts The average interest rate
Topline The stock market moved higher on Wednesday after the Federal Reserve raised interest rates by 75 basis points—the largest increase in 28 years, while Fed Chair Jerome Powell also signaled that the central bank could raise rates again by the same magnitude at an upcoming meeting next month. Key Facts Stocks rebounded on Wednesday
The Federal Reserve is due to raise interest rates today, June 15th, so much so that most economists agree it will cause a recession next year. I doubt anyone in the Federal Reserve hates workers. But, University of Texas economist, Economist James Galbraith argues that the Fed just acts like it hates workers. What is
For as long as any of us can remember, our chronological age has been front and center in our lives. It started with birthday parties when we were very young and, probably thanks to the greeting card industry, birthday celebrations continue as long as we live – and sometimes beyond. Just last month, some family
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