Even experts and investors accustomed to the volatile world of Wall Street had to admit that last week was a particularly worrisome time.
The week started with the markets ending a seven-day losing streak on Monday, as the Dow bounced up 241 points. But the very next day, the index...
The financial story of the summer has been trouble overseas—specifically, a debt crisis in Greece and a market crash in China.
But a story developing this week may have the greatest impact on United States markets and citizens.
As of Monday morning, Puerto Rico officially went into default when the island...
There are many economists and global financial strategists talking about the ever-expanding U.S. debt which is quickly approaching $20 trillion dollars. One of those experts is Peter Schiff, president and CEO of Euro Pacific Capital. He is an investment broker, investor, author, financial commentator, and radio personality. For the...
It’s been almost four years since the Department of Labor (DOL) proposed a rule that would enforce a fiduciary duty on financial advisors who work with retirement accounts.
But little progress has been made towards imposing such a standard, thanks to continued protests from the financial industry. The most recent—and...
A recent study conducted by Wells Fargo illustrates just how nervous—and unprepared—the everyday American is for retirement.
In the Wells Fargo Middle Class Retirement Survey, some 22 percent of middle-class Americans indicated that they would prefer to ‘die early’ over living well into retirement without the means to preserve their...
Last week, the United States celebrated the 80th anniversary of the ratification of the Social Security Act, the law that created one of the most important government programs in our country today.
The Act was a direct response to the economic disaster of the Great Depression. Unemployment surpassed 25%, forcing...
Threats continue to be exchanged among world powers over the future of Ukraine. The United States and the European Union (EU) have promised to collapse Russia’s economy if it continues to meddle in Ukraine’s affairs. Russia has responded with promises of its own, even going as far as to...
The Internal Revenue Service’s proposed updates to their Uniform Lifetime Table are set to change required minimum distributions starting in 2021. In 2018, the Trump administration signed an executive order directing the Treasury Department and IRS to revise their life expectancy and distribution tables. The purpose of...
This week’s approval of H.R. 83, the $1.1 trillion ‘Cromnibus’ spending bill that will fund the federal government for 2015, did serious damage to the Dodd-Frank Act.
Language in the bill re-permits trading in swaps and derivatives by FDIC-insured banks—a practice the Dodd-Frank Act eliminated when it was signed back...
Cause and effect—it’s one of the first things we learn as children. But few people truly understand its meaning, which can become the source of all kinds of trouble.
The economy is a perfect example. Just because the stock market keeps reaching or approaching all-time highs does not mean the...
