There is a growing concern that older Americans who were displaced from their job due to the COVID-19 pandemic will remain unemployed as state economies begin to reopen in the coming weeks and months. Historically, older workers have found difficulty reentering the workforce following an economic downturn or recession, forcing many...
The ongoing debt saga in Greece has reached its turning point—and it’s not likely to end well. Last week, a bailout deal between the Greek government and their European creditors appeared certain. But Prime Minister Alexis Tsipras abruptly broke off talks, causing the Greeks to miss their scheduled payment to...
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...
When preparing for retirement it is essential that investors transitioning into the retirement phase of their lives have a financial plan in place to ensure that their assets are protected and are not outlived. One of these preparations includes the process of taking required minimum distributions from...
As more data becomes available about the economic impact of the coronavirus on retirement planning, multiple studies have shown that retirees and individuals nearing retirement age were not as negatively impacted through their retirement plans as one might expect. While this is the good news, the bad...
While we celebrated our independence this past weekend in the States, Greece willfully entered what may be the most uncertain era in the long history of their country. In a result that shocked international experts—as well as the country’s European creditors—Greek citizens voted on Sunday to reject the terms offered...
Phil Cannella interviews best-selling author and renowned economic forecaster, Harry Dent on what he predicts for 2014.
Congress is officially set to move forward with legislation that will alter the retirement saving landscape once again, more than a year after passing landmark legislation that rattled Americans in and near retirement as well as their retirement savings plans. Coined as the SECURE Act 2.0, the...
The general rule is that retirees need 80% of their working income to maintain their current standard of living. We have scoured the internet and have found an overwhelming number of helpful tips** to assist you in saving money each and every month! Reevaluate Monthly Expenses – Take a look...
A new bill was passed in the House this month that aimed at preventing Federal regulators from establishing new rules on Wall Street to increase accountability on the professionals that manage retirement savings. The bill, titled the Retail Investor Protection Act, was created in response to the Department of Labor(DOL)’s...