null Getty It’s been a terrific year for one specific group of funds—and that means, if you’re one of many people who own them, you need to be very careful. I’m talking about senior-loan (also known as floating-rate) funds, which have made big gains in 2019. That’s lulled many folks into a false sense of
Retirement
Getty If you have a college-aged child, estate planning is probably the last thing on your mind. However, estate planning isn’t just for the wealthy and aging. It also includes provisions for while you’re still alive, and everyone can benefit from having a plan in place if they’re no longer able to care for themselves
Presidential candidates Elizabeth Warren and Bernie Sanders have proposed expensive across-the-board increases in Social Security benefits, premised on the idea, as Warren says, that “It’s too hard to save enough for a decent retirement — and it’s only getting harder.” Congressional Democrats are ready to back the candidates’ promises, with near-unanimous House Democrat support for
Families Need More Financial Help, Unions Can Deliver Getty A lot of American working-class families struggle financially. A range of organizations thus encourage employers to help their employees gain more financial security. The goal is to provide families with some peace of mind, so that they become better at their jobs. Real employee financial security
A new study has shown that high intensity exercise improves memory in seniors. Getty High-intensity treadmill workouts may not immediately spring to mind when considering a suitable exercise regimen for seniors. But, according to a new study, these workouts can significantly boost memory function by up to 30%. Researchers from McMaster University in Ontario, Canada
Mature couple doing family finances at home. Senior couple discussing home economics sitting at … [+] table. Happy couple sitting at home planning household financials. Getty I recently illustrated the dangers of trusting the Dividend Aristocrats to take care of your retirement needs. Their average yield of 2.4% is a fraction of what you’ll need
A forensic review of the endangered mine workers pension should be undertaken immediately. Workers and retirees deserve answers and once the Pension Benefit Guaranty Corporation takes over the plan, it will be too late. The bankruptcy of Murray Energy, America’s largest private coal mining company has coal workers “nervous and scared” for their pensions,
Businessman’s hand showing unbalance between facts and myths on wooden seesaw Getty It’s a line you’ve no doubt heard before. It goes like this: “The market is too efficient to beat, so you may as well just park your cash in a low-cost index fund and call it a day.” Nonsense! The truly ridiculous thing
Economic Security Planning, Inc. Today’s column addresses when a person can receive an excess spousal benefit, whether both spouses can be eligible for spousal benefits, spousal benefits after retirement benefits, more on excess spousal benefits and becoming eligible for retirement benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and
Imagine your aging parent or other loved one living on his or her own and losing power from a natural disaster or an intentional blackout. What would they do? It’s fire season in California and with it has come massive preventive power cutoffs from the largest utility company. There are lessons for all of us