The recent collapse of the global cryptocurrency markets has exposed many previously hidden dangers related to these blackbox investments. Growing secrecy at our nation’s public pensions has turned these retirement plans into blackboxes themselves. Public pension officials have agreed to be kept in the dark about how much they’re poised to lose in cryptocurrency investments
Retirement
Share to Facebook Share to Twitter Share to Linkedin Billionaire money manager Ron Baron has overseen decades of stellar returns, in large part because he is an optimist. He has remained steadfastly bullish in his approach to long-term investing in stocks, which have risen greatly since he started his fund 40 years ago. The mutual
The halls of Congress work in mysterious ways. You always hear of bills with “bipartisan” support that seem to take forever to pass. The SECURE Act, signed into law by President Donald Trump on December 20, 2019, has led to many important changes for retirement savers. Yet, you can trace the roots of this bipartisan
Most of us probably know someone who can’t hear very well and doesn’t use hearing aids. It can be frustrating trying to have a conversation with that person. particularly in a group setting, like a dinner table or in a restaurant. They say “what?” and you repeat, but they still don’t hear you much. Can
Key Takeaways The US inflation rate is currently at 7.7%, which remains high by historical standards. However, on a global scale it looks practically miniscule, with some countries currently experiencing over 200% inflation. On the other end of the spectrum, many Asian countries have managed to keep inflation down around 2%. We may not be
Two days before Thanksgiving, on November 22, 2022, the Department of Labor (“DOL”) released its much anticipated “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.” Between DOL Bulletins and Rules, this represents the fourth rewriting of the fiduciary definition since 2008. This new rule essentially reverses the longstanding “tiebreaker” test from 1994.
Key Takeaways Rumors are swirling that Alphabet may be the next big tech company to layoff workers, following the lead of Meta, Amazon and many others. It comes as Google faces revenue pressure from falling advertising revenue and an economic outlook which is likely to exacerbate the issue. Alphabet executives have made multiple comments about
The new year is just around the corner and that’s when new insurance costs take effect. It is Medicare’s custom to announce the next year’s premiums and other costs at different times. For example, the Centers for Medicare and Medicaid Services published 2023 drug plan information in April and the Part B premium in September.
The federal government has suspended for two years its sale of long-term care insurance policies to its employees. Some industry experts question whether the program ever will return in its current form. The long-running initiative, called the Federal Long Term Care Insurance Program (FLTCIP), was halted when John Hancock Life & Health Insurance Company, the
For many trust grantors, choosing a trustee is one of the most challenging tasks of setting up a trust. The grantor must have confidence that the trustee will not only carry out their wishes, but also possess the stewardship skills necessary to protect the trust’s assets. Grantors must also find someone willing to take on