It should be easy — stop working and go play. But it’s not. We live in a work-driven culture, and so work is in our DNA and retirement is antithetical to who we are. Social scientists have come up with three theoretical models that together explain why retirees experience emotional upheaval in making the transition,
Retirement
Getty Think you can just sign up for a 401(k) and forget about it? Think again. With only 13% of private sector employees with access to a defined benefit pension, more of the heavy lifting towards securing a sound retirement is falling on the shoulders of American employees themselves. The most widely used but perhaps
Getty Thinking of retiring abroad in 2020? Have you seen these headlines in recent months? “Death Toll in Chile Protests Since October Rises to 27,” “Nicaragua Has a Simple Message for Protesters: Don’t,” “Thousands Flee to Shore as Australia Fires Turn Skies Blood Red,” “Hong Kong Protesters Return to Streets as New Year Begins,” “Strike
Getty It’s a new decade and that means new beginnings. For many, that means New Year’s resolutions regarding their personal finances. While resolutions might differ from person to person, they all address the same issue – the need for financial stability and prosperity. Yet for many in their forties, the search for financial stability can be elusive. In
By Megy Karydes, Next Avenue Contributor Getty When making New Year’s resolutions, some people choose to set an intention or goal and some choose a particular word to help them stay focused. Others, like Chicagoans Tracy Marks-Seglin, founder of Strategic Words Communications, and her urban planner husband Dave, think about what they want less (and
Financial queue (Photo by Dominic Lipinski) PA Images via Getty Images To live off a portfolio, you need yield. But you can get into terrible trouble reaching for it. These days the average payout on stocks and bonds is a meager 2%, and it’s hard for a retiree to survive on that. I’ll show you
So, the ball dropped in Times Square, we all witnessed Anderson Cooper giggling, and now it’s time to make your New Year’s resolutions. Resolved – go to the gym every day, lose weight, and of course make estate planning New Year’s resolutions. Following is a list of various planning points that you may want to
Share to facebook Share to twitter Share to linkedin The S&P 500 rose 29%, the best yearly return since 2013. Wang Ying/Xinhua News Agency/Getty Images Topline: The market boomed in 2019, with major indexes hitting numerous record highs as stocks posted their best annual return in six years, thanks to the U.S. economy’s moderate expansion
Getty As a new decade and year are about to begin, professional forecasters are, of course, going through the exercise of guesstimating the future course of the markets and U.S. economy. From what I’ve seen, they’re generally expecting the record-breaking U.S. expansion to continue at a middling 2% pace in 2020. Among the factors routinely
Bond prices are sensitive to interest rate changes, and bond duration is a measure of just how sensitive. For instance, in Exhibit 1.1 (shown in my last article), an increase in interest rates for the simple bond from 3 percent to 4 percent caused the bond’s price to fall by 8.1 percent. This bond has