The over 49,000 United Auto Workers members have been on strike from General Motors for about a month may be close to a deal. All parties paid dearly for the strike because the stakes are so high. GM has lost up to $1.5 billion in profits according to the Anderson Economic Group, a Lansing public policy
Retirement
Here’s How To Replace Them stock.adobe.com A new report by Bank of America Securities (a.k.a. Merrill Lynch) has been met with great fanfare in the investment business. The headline is that the conventional wisdom of investing 60% of your portfolio in stocks and 40% in bonds is no longer so wise. Since this has been
Share to facebook Share to twitter Share to linkedin The broker wars continue, as big firms scramble to attract the next generation of young investors. ASSOCIATED PRESS Topline: After eliminating trading commissions earlier this month—which set off a rush among other brokers to do the same, Charles Schwab plans to offer clients the opportunity to
Gifting interests in a closely held business can be an effective estate planning technique. It can save on estate taxes and reward family members for their hard work in running the family business while transitioning ownership to the younger generation. Recently, I worked with a couple who owned a small family business. They were considering
Sen. Bernie Sanders outlines a plan too eliminate $81 billion in past-due medical debt. Getty Eight million Americans file for bankruptcy annually due to medical expenses. Sen. Bernie Sanders (I-VT) wants to put an end to it. The idea, outlined by his campaign, centers around having the federal government “negotiate and pay off past-due medical
Don’t close your eyes to planning. Waiting to do estate planning until after the 2020 election could be a mistake. Getty Waiting to See What Happens in 2020 May be Unwise No one can predict the 2020 election but if the Democrats sweep seems pretty likely harsh estate tax, and perhaps wealth tax, legislation will
Many life threatening falls are preventable by easy steps from seniors and Congress, the Senate Aging Committee was told Wednesday. Falls, the leading cause of fatal and non-fatal injuries for older Americans, are expected to double in cost to $100 billion by 2030 as Baby Boomers age. About 75 percent of the bills are paid
Getty In this “one-size-fits-all” world, the lords of investing wisdom praise the almighty index fund – the greatest “set-it-and-forget-it” of them all. Yet, in doing so, are they inadvertently wearing blinders to the goals and objectives of real people? After all, no one wants “Here Lies John Doe – He Beat the S&P 500” on
By Michelle V. Rafter, Next Avenue Contributor Getty Whether you’ve freelanced for years or are contemplating a late-career switch to becoming a self-employed freelancer, there are a few ways to boost your chances of success. According to data from the recently released report, Freelancing in America: 2019, from Freelancers Union and the online freelance platform
By Donna Pols Trump, Next Avenue Contributor Getty Recently, an 88-year-old member of my family underwent elective spinal surgery for disabling back pain. While the duration of hospitalization for anyone after surgery can be unpredictable, we were surprised to find out our family member would be discharged home after only two days. We were not