Corporations are transferring pension liabilities to third parties. Where does this leave retirees? A new phrase has made its way into the contemporary financial jargon: derisking. Anyone with assets in an old-school pension plan should know what that phrase signifies. The derisking trend began in 2012. In...
If you move away from equities with age, are you making a mistake? For some time, financial professionals have encouraged investors to lessen their exposure to the stock market as they get older. After all, a 60-year-old has less time to recover from a market...
Help the causes you care about & help your finances in the process. An opportunity for you to give & save. As 2013 ends, you may be considering making one or more charitable gifts. In most instances, they are tax-deductible with benefits for the donor as...
Glitches, “flash crashes” & other disturbances are becoming too numerous. “Why is this happening?” Those words were undoubtedly spoken on Wall Street Thursday. Perhaps you uttered them, too. At 12:14pm EST, a glitch halted all trading on the NASDAQ for more than three hours. During that...
WEEKLY QUOTE“We are an impossibility in an impossible universe.” - Ray Bradbury WEEKLY TIP You can’t control what happens with interest rates or stocks in the future; you can control the amount you save for retirement. Boosting your personal savings ratio may bring you closer toward...
If the central bank ceased easing, could stocks continue their ascent? Could this bull market last with less help from the Federal Reserve? Is it propped up by the Fed’s stimulus, or strong enough to sustain itself if the central bank reduces its efforts? Some factors...
Does it signal anything more than bullish sentiment? Next stop, 15,000? As the Dow Jones Industrial Average settled at a new all-time high of 14,253.77 on March 5, the psychological lift on Wall Street was undeniable – the market was finally back to where it was...
Save a little more for retirement. Time to boost your IRA balance. In 2013, you can contribute up to $5,500 to your Roth or traditional IRA. If you will be 50 or older by the end of 2013, your contribution limit is actually $6,500 this year...
Direct & indirect opportunities that don’t get enough ink. Besides periodic IRA contributions and elective salary deferrals into 401(k) and 403(b) plans, there are other ways to amass retirement savings, some of them often overlooked. Put tax refunds & tax savings to work. If you get a...
WEEKLY QUOTE“The first time someone shows you who they are, believe them.” - Maya Angelou WEEKLY TIP The “buy now, pay later” mentality is a path to excessive debt. Save now and buy later instead. WEEKLY RIDDLE What do the letter T and an island have in common? ...