Personal debt plays a large role when it comes to saving for retirement and living as a retiree. Soaring debt resulting from increasing medical costs, credit cards, loans, and more limit the amount that workers can save and how much retirees can use in their golden years....
It has been said for years now that women usually tend to outlive their male counterpart.  With the U.S markets standing on shaky ground and global markets starting to stutter, it becomes apparent that rough times are ahead. It’s generally worth the time to take note that 9 out of...
The stock market is brutalizing Wall Street investors, falling more than 17% year-to-date in August. Earlier in June, the market lost more than 20%, briefly falling into a bear market as economists anticipated Gross Domestic Product (GDP) to return negative for a second consecutive quarter. When initial...
In this follow-up interview, Phil Cannella speaks with former Federal Reserve finance manager, Andrew Huszar, on how investors should react to the Fed tapering QE3 to $75 billion per month. Andrew Huszar is a Senior Fellow at Rutgers Business School. Follow Professor Huszar on Twitter: @andrewhuszar
Past performance is not a guarantee of future results. This statement, often echoed by brokers in the securities industry, underscores a common tautology — you either make money or you lose money. In simpler terms, this is how Wall Street deflects the risk of investing in assets...
There are winners and losers in every financial crisis. When the stock market dips, there are individuals that benefit from the fall. That was certainly the case when the Coronavirus became a global threat. In this case, real estate received a boost. Mortgage rates have fallen to...
President Donald Trump has had a number of very significant accomplishments during his first one hundred days in office. However, many of his biggest achievements might not have gotten the attention they deserved because of the main stream media’s liberal slant and bias, or by a continued effort from...
Since the end of the financial crisis, consumer advocates have pushed for fiduciary duty on Wall Street—an obligation for brokers and financial advisors to act in the best interest of clients at all times. Last week, President Obama added his voice to the cause. Speaking to a gathering at AARP...
The threat of another global financial crisis sank equity markets on September 20, 2021, after news broke of a Chinese development company that was on the verge of defaulting on more than $300 billion dollars’ worth of debt. This event contributed to a growing tension in the...
When saving for retirement, investors have a multitude of options to save their money. Two popular types of investments for retirement savers are traditional and Roth IRAs. Both traditional and Roth IRAs offer tax-free growth for the life of these vehicles and have unique attributes that can...