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...
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...
It makes sense for a credit card company to base a card holder’s financial responsibility on their ability to make payments in a timely fashion. By keeping up with payments, credit card holders were once certain to keep a good, stable credit score. With the struggling economy, however, credit...
What is a Money Market Account?
A money market account works a lot like a traditional savings account, with a few restrictions. Banks and Credit Unions offer these accounts to give themselves more freedom to use your money in exchange for a higher interest rate. So while a typical savings...
With the baby boom generation approaching retirement, more people than ever are concerned that they will be unable to retire comfortably at age 65. A Retirement Confidence Survey (RCS), conducted by the Employee Benefits Research Institute (EBRI), reflected American workers’ dwindling hopes to retire and maintain their current standard...
December’s labor statistics were released this month, finishing off 2013 with an unemployment rate of 6.7%, the lowest since before the financial crisis of 2008 that rocked the economy into a long and painful recession. Now, almost six years later, many are ready to finally believe America is back...
If you tried to describe 2015 on Wall Street to this point, the best word might be ‘volatility.’ We’re not even at the end of July, and the Dow Jones Index has already fluctuated between positive and negative year-to-date numbers 21 times—an all-time record.
But as inconsistent as the American...
Even with troop reductions in Iraq and Afghanistan, the unrest in the Middle East continues to affect the United States’ economy on an almost-daily basis.
Last week, markets opened lower on Monday morning due chiefly to concerns over escalating tensions in Iraq, where Sunni insurgents began campaigns to overtake regions...
On the surface, foreign currency trading looked like an ideal post-recession activity for “Too Big To Fail” banks.
The exchanges offered the possibility of considerable returns on investment, coupled with a low risk environment. Those two factors made the exchange market the perfect business venture for an industry reeling from...
