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...
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, stocks closed at all-time highs after the Bank of Japan announced surprising stimulus measures. This week, the fallout from that decision continued.
On Monday, the Japanese yen fell to a seven-year low of 114.2 against the U.S. dollar. In other words, $1 dollar U.S. is worth 113 Japanese...
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...
A new year signals a new course for retirees and their retirement saving plans. As part of the 2020 government appropriations bill, the SECURE Act (Setting Every Community Up for Retirement Enhancement Act) was signed into law. While the bill does include breakthroughs for some businesses and...
The rule of thumb holds that Americans need to maintain 70% of their pre-retirement income after they stop working. If that’s true, then the retirement crisis is even worse than we thought—and it’s worst in the Northeast, the most populous area in the country.
A recent study from Interest.com found...
