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Retirement In Sight: How Can a Woman Prevent Outliving Her Money?

Certain financial decisions may help a woman grow and sustain her retirement assets across the decades to make up for time out of the workforce and the prevalent earnings gender gap. One fundamental decision would be to start saving and investing for retirement as early as possible—but other, sometimes underrecognized choices may also allow a […]

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brexit

The Brexit Shakes Global Markets

A worldwide sell-off occurs after the United Kingdom votes to leave the European Union. A wave of anxiety hit Wall Street Friday morning. Thursday night, the United Kingdom elected to become the first nation state to leave the European Union. The “Brexit” can potentially be finalized as soon as the summer of 2018.[1] Voters in […]

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wall street

Maintaining Perspective During Market Volatility

It can be disconcerting to watch the stock market during a volatile season, especially when you rely on your market investments for retirement income. In a survey conducted by Prosper, Americans over the age of 55 are the most worried about their financial future. Of this group, 59% are not confident that they would be […]

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gas

Economic Update: Oil Climbs; Stocks Fall

Oil Jumps 12%, but Stocks Retreat for the Week On Friday, WTI crude closed at a NYMEX price of $29.44 after a 12.32% surge. However, it fell 4.69% on the week, and major U.S. stock benchmarks fell as well. Across five days, the Dow Jones Industrial Average declined 1.43% to 15,973.84; the Nasdaq Composite, 0.58% […]

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taxes

The PATH Act: Important Tax Breaks for Individuals and Businesses

In late December, Congress passed—and President Obama signed—a hefty tax bill that made permanent some popular tax provisions while extending others. The Protecting Americans from Tax Hikes Act of 2015 (or PATH Act) will affect nearly taxpayer in the United States. Here’s a rundown of some of the tax breaks: Permanent Tax Breaks for Individuals […]

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The Long Ascent of the S&P 500

The index has overcome obstacle after obstacle through the years. No one knows what will happen tomorrow on Wall Street. Even the most esteemed analysts can only make educated guesses. As the old saying goes: past performance is not indicative of future results. All that said, the market has had many more positive years than […]

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marriage-finances

Pivotal Transition: Four Financial Tasks to Start a Marriage

Marriage. You have the engagement, the wedding, and then suddenly, you’re one entity with completely different financial needs and responsibilities than when you were single or dating. If you already have children, the stakes have never been higher. You must function like a well-oiled machine. So, from a financial standpoint, what does it take to […]

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sandwich-generation

The Sandwich Generation: 3 Ways to Avoid Being Squeezed Financially

You have a child or children. You have a parent or parents. And financially, you’re taking care of all of them. If you’re a member of an unlucky faction that’s monetarily responsible for multiple family groups, you’re a member of the “Sandwich Generation.” Today, almost 50% of adults between the ages of 40 and 49 […]

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women-financial-planning

Studies: Women Lack Confidence in Financial Planning

Recent studies show that women lag behind men when it comes to financial planning prowess. A study by Fidelity Investments indicates that women would rather deal with a doctor over their medical issues than financial planning with an adviser. The Fidelity Investments Money FIT Women Study conducted last fall found that 92 percent of women […]

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Financial Struggle

Study Shows Nontraditional Families Struggle Financially

A study by the financial services company Allianz shows that despite improvements in the economy, a high percentage of America’s nontraditional families struggle with money matters. Titled “LoveFamilyMoney,” the study polled 4,500 Americans who consider themselves middle class and part of a modern American family structure that combines diverse needs in one household. “A staggering […]

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