Photographer: Zach Gibson/Bloomberg© 2018 Bloomberg Finance LP Billions being skimmed from 401k retirement investors. A knowledgeable insider with compelling evidence ready to blow the whistle on a market leader. Ongoing systemic fraud that needs to be addressed immediately to protect the retirement security of millions of Americans. That’s the whistleblower case I’ve been working on
By Stephen Blakely, Next Avenue Contributor During my working years, I paid for three independent financial planning sessions — the last after the 2008 financial collapse, to assess the damage. But only when my employer of 20 years wiped out my job in a budget cut in 2017 did I experience the retirement financial planning process and
Americans have over $1 trillion of credit card debt. Here’s how to pay off your credit card debt faster. 1. Write down your credit card balances and interest rates You have several choices how to attack your credit card debt. No matter which strategy you choose, remember to always make at least the minimum payment
Whether you’re getting ready to say, “I do,” — or if you already have — tackling your finances as a couple doesn’t have to be daunting. Getty Royalty Free While discussing budgets and savings goals may not seem romantic, they are important conversations to have on a regular basis. “For richer, for poorer” is a
With the government shutdown now entering its second month, and with no end in sight, over 800,000 federal workers and contractors continue to go unpaid. In fact, The New York Times reported that federal workers are now doing odd jobs to try to make ends meet as a result of the shutdown. But even if
By Richard Watts, Next Avenue Contributor Many of us believe the wisdom we distill from surviving life’s obstacle course is best directed at rescuing our kids from the difficulty and heartache of similar growing experiences. More strategic than yesteryear’s helicopter parents, today’s drone parents seek out and destroy perceived impediments to our children’s success. But it
Photo Credit: Dennis Van Tine/STAR MAX/IPx Warren Buffett is known as one of the most successful investors in history. From investments in Coca-Cola and American Express to Goldman Sachs and Wells Fargo, Buffett’s value investing prowess is unshakeable. However, Buffett – through his Berkshire Hathaway holding company – isn’t solely focused on the public markets.
Photocredit: GettyGetty The topic of “restricted application” continues to be a popular one; I consistently get emails and calls on its use. This article isn’t necessarily geared as to how you qualify to use the restricted application, but how to apply the tactic to your best advantage. To start with, please do not confuse the
Financial abuse of the elderly is rampant. As people get older, they are preyed upon by operators who want to sell them things they don’t need or steal their money. I’ve seen it first hand in dealing with financial abuse of my father. I had to go after a broker who sold him junk bonds
Roth ira written on a label of the jar with money.Getty If you believe that income tax rates will increase in the future- as many finance and tax experts do- then you will agree that the Roth IRA is often a better choice than the traditional IRA, if the objective is to choose the one
By Grant Easterbrook and Brendan Sweet, Next Avenue Contributors After spending the past few years building Dream Forward, a financial firm selling 401(k) plans with the first artificial intelligence (AI) chatbot dedicated to retirement, we thought it would be interesting to track the most common questions we heard from employees. We were surprised by the results.
There are many problems between China and the United States, including the potential trade war that has unsettled global financial markets. This isn’t the biggest problem between the two countries though. That would be the growing antagonism between the countries and the South China Sea and Africa. This problem could last for years, if not
Families of color experience more negative income shocks than whites and the chance of such income shocks has grown in recent years. Their incomes unexpectedly fall due to layoffs, cutbacks in hours, and the loss of bonuses. These income shocks make it harder for families of color to save for their future , exacerbating an
By Ronni Gordon, Next Avenue Contributor If you’re a pet owner and considering moving to a retirement community, you will have more options than in years past. Roughly 75% of for-profit senior living residences accept pets. But finding the right fit at a retirement community for you and your pet can take some digging. Sometimes, especially
Jet Metier and Chuck Bolotin at Lake Chapala gardenChuck Bolotin Are you one of those people who experience tranquility when surrounded by moderation coupled with stunningly low prices? If so, you’ll find lots to like about the Ajijic / Lake Chapala area in Mexico. (Short interlude for the geographical and etymological purists among us: Ajijic–
PerceptionsAnika Huizinga A proper balance between bulls and bears, between risk aversion and risk seeking behavior, leads to something like market Zen. When all views are incorporated in such a way, market prices are pretty good estimates of fundamental value. In part I of this series (which you can find here), I wrote about Benjamin
Fifty years after Harvard Medical School defined brain death, a new report commemorates the concept and raises new and lasting questions about what it means to be dead as well as implications for organ transplantation. “Is death defined in terms of the biological failure of the organism to maintain integrated functioning? Can death be declared
Strike! chalkboardGetty On Monday, when Los Angeles teachers went on strike, it marked the first strike that the nation’s second largest school district has seen in 30 years. The United Teachers of Los Angeles (UTLA) has a set of demands that includes teacher raises, smaller class sizes, more counselors and librarians, and full-time nurse in
The beginning of the year is the best time to make estate planning gifts. Fewer than 1% of estates will be taxable under current law, so most of us don’t need to make gifts to reduce estate and gift taxes. But there are good non-tax reasons annual gifts should be part of your estate plan.
Most of us think of our aging parents as living on longer than they or we expected. It’s great that an elder is part of the family into one’s 80s, 90s and beyond, perhaps living to see grandchildren and great grandchildren. And then there’s the long goodbye and the caregiving that almost inevitably comes with