You should be able to invest your retirement funds in whatever company or stock you want, says Sen. Mike Braun. The Republican from Indiana has an issue with new Biden administration rules that he says impede on your ability to choose what you invest in. He’s proposing an amendment to laws already on the books […]
SYRACUSE, N.Y. — Saving money during a time like this can be difficult for many Central New Yorkers. The prices of consumer goods including food and gas are making life less affordable. Inflation is here and there’s not much we can do about it. However, we can adjust the way we spend our money, leading […]
Early retirement has seen the number of economically inactive people in their 50s and 60s grow by more than a quarter of a million since the period immediately before the pandemic, a study suggests. Analysis from the Institute for Fiscal Studies (IFS) found 53% of the growth in 50- to 69-year-olds leaving employment for inactivity […]
We all want to live long lives. We all expect to live long lives. But are we financially prepared for this longevity? Before we get to the issue of preparation, let’s look at a couple of interesting findings from a 2022 survey by Age Wave and Edward Jones: 1. The surveyed retirees said, on average, […]
How will millennials, Gen X and baby boomers approach saving for and living in retirement? The Retirement Reimagined Study from Schwab uses advanced predictive modeling techniques to forecast how each generation will save and live in retirement. Key findings reveal millennials specifically are looking at retirement less as a target date and more like a […]
ALBANY, N.Y. (NEWS10) — Rising prices are hurting pockets all over the Capital Region and economic uncertainty and fears of a recession are causing some people to reevaluate their spending habits. Consumer prices rose 8.6 percent from this time last year — the highest rise in over 40 years. The causes: pandemic underspending and ongoing […]
Seniors and other Social Security recipients in the U.S. are being hit hard by inflation, which has outpaced increases in their benefits this year. Now, some lawmakers have a plan to boost Social Security payments by $2,400 per recipient annually, while also shoring up the program financially. The Social Security Expansion Act was introduced on […]
LANSING, Mich., (WPBN/WGTU) — A bill that would require high schoolers to pass a personal finance class has made its way to Governor Gretchen Whitmer’s desk. House Bill 5190 is currently waiting for the governor’s signature after getting bipartisan support in the Michigan legislature. If the bill is signed, students entering 8th grade before 2023 […]
Investments that are a key source of funding for Alabama’s Employees Retirement System have lost ground in the slumping financial markets this year, but officials say the pension fund is sound. The ERS Board of Control heard a presentation on the latest numbers at its quarterly meeting in Montgomery on Tuesday morning. Retirement Systems of […]
The months-long slide for the S&P 500 index has officially thrown stocks far enough off of their all-time highs to be considered a bear market. Since the beginning of 2022, the S&P 500 index is down nearly 21% as of Monday afternoon, with companies like Amazon and Google parent Alphabet leading the way with their 39% and 27% respective drops. Elon Musk’s […]
HARRISONBURG, Va. (WHSV) – Prices at the grocery store and at the gas pump continue to rise. One local financial advisor said that the current state of the market can impact your long-term plans, especially for retirement. “Once the money started getting printed, people got stimulus checks and interests rates dropped, institutions could borrow money […]
Used cars are suddenly so much more appealing than they used to be. With prices near historic highs and inventory near record lows, some officials are warning people with car loans that unscrupulous lenders may use more aggressive – and possibly illegal – tactics to repossess cars and beef up their lots. At the same […]
