“Holy Mackerel,” my dad would have said, when the Dow plunged 767 points Monday, August 5. That stunning fall felt like the mad whoosh down the Kingda Ka roller coaster at Six Flags Great Adventure in New Jersey, the fastest in North America. Monday wa… Continue reading
Our ability to avoid outliving our money is, in large part, due to our expenses in retirement. Turns out, a new study reveals, we’re pretty lousy at predicting how much we’ll actually spend on housing and health care when we retire. And another study s… Continue reading
Several months ago, a friend and I were discussing a mutual acquaintance from college. The woman had divorced her husband after 15 years of marriage and he was arrested for securities fraud shortly after. He subsequently went to prison. Our classmate c… Continue reading
Women in their 50s who are at the most financial risk in retirement are those who are married and in two-income households. That’s the surprising news from a recent report on women and retirement from Prudential Financial. The finding is based on rese… Continue reading
For people nearing retirement or in retirement, every dollar counts and planning ahead is paramount. That’s especially true for taxes. Now that 2018 tax returns are behind us, this is an opportune time to look for 2019 tax savings strategies for reti… Continue reading
When my oldest daughter graduated from college, I was amazed to discover that she had never taken an economics or finance class. Her education helped her secure a prestigious job doing medical research, yet she had no clue how to budget, do her taxes, … Continue reading
Last week, the Securities and Exchange Commission (SEC) adopted a rule to protect investors from bad brokers. The “Regulation Best Interest” (or BI) is the SEC’s answer to the Obama administration’s planned “fiduciary rule,” which the Trump administrat… Continue reading
(This article previously appeared on MarketWatch.com.) Google recently unveiled the 10 questions Americans ask most about retirement. The question Americans ask the search engine mos: “How much do I need to retire?” Here’s the full list: 10 most-asked … Continue reading
There are many perks to being self-employed — flexible hours, the possibility of working from home and, of course, being your own boss. But one major downfall that has historically burdened solopreneurs is the lack of access to traditional employer-spo… Continue reading
For millions of older Americans, the retirement years are far from “golden.” One in three retirees have no money left at the end of the month and must dip into their dwindling savings to pay monthly bills. Record numbers are declaring personal bankrupt… Continue reading