In the final quarter of the year, I had the opportunity to run retirement plans on quite a few 401(k) plan participants. Whenever possible, I enjoy sitting one-on-one with employees to help them understand and formulate a retirement scenario. One would think...
U.S. Housing and Urban Development Secretary Julián Castro said on Monday the Federal Housing Administration will reduce the annual premiums most borrowers will pay by a quarter of a percent. The FHA is reducing its annual mortgage insurance premium by...
Greenback’s rise caused by anticipation of fiscal boost Appreciation will harm economy if Trump can’t deliver The dollar’s appreciation may represent the U.S. economy’s biggest speed bump in 2017, and that could be good or bad, depending on whether President-elect...
When it comes to retirement readiness, you may not be as prepared as you think. According to TIAA’s 2016 Lifetime Income Survey, fewer than half of Americans know how much they have saved for retirement, and only 35% know how much monthly...
Measure of Americans’ expectations surges to a 13-year high More households expect better economy, labor market in 2017 Consumer confidence climbed in December to the highest level since August 2001 as Americans were more upbeat about the outlook than at...
If you’ve taken on the task of mapping out your annual financial plan, you deserve a pat on the back. Ensuring that you’ve covered all of the bases is important to both your short- and long-term financial health. Keeping track of...
Since I started working as a financial advisor I have had so many people ask me the same question, “What is the difference between a Roth IRA and a Traditional IRA?” I am going to lay out the basics below on the differences,...
Nearly half of 30-year-olds earn less than their parents did at that age. The impact on politics has been clear: a new spirit of populism and unrest. The engine of capitalism is struggling to create the abundance that was once...
Tax prep companies are coming to grips with an age-old business convention: Once you give it away for free, no one will want to pay for it ever again. The industry is offering more free online options for do-it-yourself tax...
Advice on timing deductions, avoiding wash sales and keeping rental income tax free. Haste makes waste, especially in the increasingly complex and often counterintuitive world of taxes. As the year draws to a close, many taxpayers scramble to take advantage...
Even the investment greats are not immune to the troubles plaguing the hedge fund industry. With months of poor returns and investor redemptions having hit many hedge funds across the industry, the biggest news out of the hedge fund world...
Giants such as Baidu and Alibaba create their own economic gauges. Wu Haishan was at Princeton studying how schools of fish swim together when the crowd behavior of a much bigger group grabbed his attention: his 1.35 billion fellow Chinese....
The housing bust is officially over, 10 years after it started. But like much else in the economy, the real-estate recovery has benefitted the wealthy more than others, with many ordinary folks still falling behind. A prominent gauge of home...
Get your toys now, but hold off on the gym memberships. Hopefully, you haven’t finished your holiday shopping yet because December is the best time to buy many great gifts. Of course, even if you aren’t shopping for anyone this month, there...
Many company 401(k) retirement savings plans could use a swift kick into the 21st century, according to a new report from the U.S. Government Accountability Office. A number of longtime 401(k) plan designs fail to reflect a new, more mobile workforce, hurting employees’ ability...
