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...
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...
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...
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...
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...
Last week, the Department of Labor succumbed to pressure from the financial industry and Congress by extending the comment period on a proposal to impose a fiduciary duty on brokers working with retirement accounts.
Despite the 15-day extension agreed upon by Labor Secretary Thomas Perez, many Wall Street figures remain...
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...
CNN-Money grabbed our attention with this headline recently:
The International Monetary Fund (IMF) has sharply cut its economic growth forecast for Saudi Arabia.
For years Saudi Arabia has been the world’s biggest exporter of oil, but now a severe budget crisis is forcing the oil rich nation to re-figure its finances. With...
