Mutual Funds

Getty Do you want to prepare your children to take an active role when it is time for them to control custodial assets? Or are you a young professional who simply wants to understand the investment options available in your 401(k)? There are a number of reasons that may prompt younger people to want to

Making a tough choice? Carefully investigate your options. Getty Many older workers are in a jam these days, having been furloughed or laid off due to the economic turmoil caused by the COVID-19 pandemic. Relief payments and unemployment checks might help some people. But many older workers need additional help to make ends meet, and

Exterior of Supreme Court of the United States on First Street in Washington DC, USA Getty A Supreme Court decision this week on employer pensions? Yes, indeed. The ruling itself Earlier this week, the Supreme Court handed down its decision in Thole v. U.S. Bank, a case in which two retirees in the U.S. Bank

Getty PPP Borrowers Breathe a Great Sigh of Relief On May 29th, I posted an article about the House’s Bill, H.R. 7010, which can be viewed by clicking here. This Bill, as I said, is remarkably short and to the point, containing only 7 pivotal provisions which will forever change how PPP borrowers can make

For Americans who are able to retire, retirement has always been a period of uncertainty.  It is important to plan for retirement and this requires consideration of a range of risks.  COVID-19 has taught us a few lessons about these risks: 1.     Events we don’t expect can happen and they can have a major impact on both our

There has never been a better time to have a side hustle than right now—no matter your age. Getty The concept of a side hustle is not new, in fact its highly prevalent among the millennial generation. However, there has never been a better time to have a side hustle than right now—no matter your

GetSetUp’s team holding a virtual staff meeting Neil DSouza As layoffs, furloughs and money worries escalate due to the coronavirus pandemic, many Americans are hungry for side gigs. According to a Jobvite report, 46% of workers surveyed in April said they plan to pursue a side job, up from 36% in February. But as much of

TOPLINE Shares of Tiffany & Co. plunged on Tuesday after a report that its blockbuster $16.2 billion takeover by luxury goods giant LVMH, which would have been the biggest luxury brand deal ever, is now looking less likely to go through. Trading was briefly halted as the jeweler’s stock plunged. Budrul Chukrut/SOPA Images/LightRocket via Getty

TOPLINE The market opened higher on Tuesday, with stocks continuing to rally on optimism about a reopening of the economy despite widespread civil unrest across the country over the killing of George Floyd. Protesters march across the Brooklyn Bridge as part of a rally calling for justice over the death of … [+] George Floyd.

Getty According to AARP employment data, women over the age of 55 face a dual threat to their careers and earning power amid the financial and labor market turmoil due to Covid-19. In April, approximately 20 million jobs were lost in the United States and the unemployment rate reached a staggering 14.7%. Between March and

BOSTON, MA – APRIL 14: Boston EMS remove an elderly patient from Sherrill House, a nursing home in … [+] Jamaica Plain (Photo by David L. Ryan/The Boston Globe via Getty Images) Boston Globe via Getty Images We are beginning to learn which nursing homes are most likely to be hit with COVID-19.  And while

Isn’t Success About Having Enough? COPYRIGHT 2016 JONATHAN LOOK JR I am a 59-year-old American. I don’t own a home. I don’t own a car. The furniture that I sit upon and the bed that I sleep in is not my own. Most of the mementos that I accumulated over the years are gone. I have

Economic Security Planning, Inc. Today’s column addresses questions about when benefit rate increases due to continued income are applied, spousal benefit early filing reductions, when disability benefits convert to retirement benefits, whether SSA’s estimates include COLAs and widow’s benefits before retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder

Detroit’s newly-revitalized Woodward Ave. A one-mile stretch of Woodward became the first … [+] concrete-paved road in the country in 1909. Getty What do the protests engulfing the country have to do with public pensions? More than you’d think. Here’s some reporting coming out of Detroit, via the Detroit Free Press. “Following a script seemingly

By Randi Mazzella, Next Avenue Contributor Getty Since the Covid-19 pandemic began and we have been sheltering in place, many people are spending a lot of time worrying about getting groceries and preparing meals for their families. However, for many individuals across the country, the worries exist like never before as many are now facing

Getty In an ideal world, every older household would have had a financial buffer to cushion the blow when the Covid-19 crisis hit. Every older worker knows there’s a risk of sudden shocks to income or health, and most try to have some savings or credit lines to tap in case of unexpected medical bills

TOPLINE The market fell sharply for most of Friday as investors braced for President Trump’s announcement regarding China, but despite new sanctions and penalties, stocks turned positive after the phase one trade deal was kept intact. Trump will make an announcement regarding U.S.-China relations on Friday. Doug Mills-Pool/Getty Images KEY FACTS The Dow Jones Industrial

Coronavirus covid-19 One Dollar Bill With Medical Face Mask George Washington Getty Tens of thousands of American businesses have collectively borrowed over $511 billion dollars under the Paycheck Protection Program. These loans are non-recourse, require no collateral and bear interest at only 1%. Below, we describe the 8 changes that the Bill would make. Better yet,

Getty In last week’s article, we went over the wealth transfer from generation-to-generation and how proper estate planning can be crucial. That is why the generation of people with ages in the range of 70 to 90 is prime for taking advantage of proper estate planning techniques. Many of them were the first in their families

TOPLINE In an increasingly confrontational approach to China, President Trump announced new targeted sanctions against Chinese officials on Friday, while also directing his administration to remove special exemptions for Hong Kong. “We will take action to revoke Hong Kong’s preferential treatment,” Trump said. Doug Mills-Pool/Getty Images KEY FACTS Trump announced that he would impose new

Despite 40 million people filing for unemployment benefits since the start of the pandemic, there are a number of sectors that haven’t shown their full extent of layoffs. A number of large employers, like airlines, have held off on vast cuts. This could lead to a rash of further layoffs. Airlines, for example, are prohibited

Photographer Frank Gallagher Courtesy of Frank Gallagher Why are so many Americans over 65 self-employed? If you’re thinking the answer lies in Nelly’s lyrics, “Hey, must be the money!” you are mistaken. At least that’s what three researchers found in their recent research looking at self-employment and contract work by age. “In some cases, financial

We looked at longevity insurance as it applies to a sixty-five-year-old female purchasing a deferred income annuity with income starting at eighty-five. We may also consider the alternative of just waiting until age eighty-five and then buying an immediate annuity. During those twenty years, interest rates and mortality tables can change in unexpected ways, which

By Paula Spencer Scott, Next Avenue Contributor Getty For a birthday girl worried what the advancing postmenopausal years are doing to her mind — yes, that would be me — the chance that very day to talk to a leading neuroscientist who studies women in midlife and beyond proved a happy coincidence. And a galvanizing

You probably don’t know this, but May is Older Americans Month (and has been since 1963). This year’s theme is Make Your Mark – celebrating contributions older Americans make to communities—as volunteers, parents, grandparents, and more. But as many Americans get older “not being a burden” would likely be part of their ideal Mark. So

TOPLINE With the coronavirus pandemic wreaking havoc on the U.S. economy, the unemployment rate has skyrocketed, and it could remain high for the next two years as many job losses won’t recover quickly, Goldman Sachs says in a recent note. Widespread unemployment could linger longer than expected and slow an economic recovery. Nam Y. Huh/ASSOCIATED

Photo: Getty Planning for retirement can be challenging, but it’s also an opportunity to build a retirement plan that can ensure you’re comfortable, secure and able to have fun. While the planning process starts with your financial goals and how much money you’ve saved, it also includes planning for your happiness and health. Retirement isn’t

A Social Security bridge payment can significantly boost your lifetime retirement income. Getty Older workers who are approaching retirement face a series of complex decisions that come with high stakes. One particularly critical decision is when to start your Social Security benefits. It’s worth your time to develop a strategy for optimizing your Social Security

TOPLINE As the market rebounds from its lows in late March and investors bet on a coronavirus vaccine, both hedge funds and mutual funds are overweight in healthcare stocks but they don’t agree on the prospects of beaten-down sectors like financials and energy, the latest Hedge Fund Trend Monitor and Mutual Fundamentals reports from Goldman

©laufer – stock.adobe.com The 31st President might have had a lot to say about today’s stock market OK, confession: I never did actually meet Herbert Hoover, the 31st President of the United States. However, I have read a lot about him. Once this market started to get frothy, the market historian in me couldn’t help