Rejoice Over the Markets’ Marvelous Rallies. Then What?

After months of amazing stock and bond market gains, investors have reason to celebrate. But how do you hold on to those outsize profits? By some measures, 2019 was the best year for the global stock market in a decade — and the best for the American bond market since 2004. Then, with the signing of an initial trade deal …

Why Retirement Saving Makes More Sense Now Than Ever Before

The math behind retirement saving always made sense to me. The more you can sock away, the more your kitty compounds and the more you’ll have at retirement. With 401(k)s slowly improving, the math makes even more sense. More plans offer automatic withdrawals, employer matches and Roth options. I can’t tell you what the stock or bond markets will do …

New Law Expands Uses for 529 College Savings Accounts

Tax-favored savings accounts known as 529 plans can help families save and invest to pay for college. But until now, the funds could not be used to repay student debt. That changed as part of the Secure Act, a law attached to broader federal spending legislation enacted in December. The law was aimed mainly at adjusting the nation’s retirement system, …

Does Medicare Pay For Long-term Care? Don’t Make A Big Mistake!

Rusty had paid for a long-term care policy for many years. Then, one day, his daughter found a cancelation notice for nonpayment of premiums sitting on his desk. “Dad, why are you not paying the premiums for this policy?” “Because I have Medicare and my pipe trade’s policy. I don’t need that one.” “Dad, get out your checkbook. We’re going …

Why the most important hedge is against unexpected inflation

High asset prices stem from low inflation and interest rates It is hard to say precisely when a cherished theory of inflation lost its sway. But if you had to pick a moment, it might be during an exchange last July between Alexandria Ocasio-Cortez, a first-time congresswoman who had risen quickly to prominence, and Jerome Powell of the Federal Reserve. …

Forget Stock Market Forecasts. They’re Less Than Worthless.

It is the time of year for predictions and I’ll make one: You will be better off ignoring the Wall Street stock-market predictions for 2020. Strategists, some of whom are very smart, are issuing precise predictions for where the market will be in 12 months and they look authoritative. The record shows that they are not as rock-solid as they …

3 Reasons You Need To Be Better With Money In 2020

3 Reasons You Need To Be Better With Money In 2020 Happy new year! Now that the ball has dropped and the champagne glasses have been put away, our focus can shift from celebrations to resolutions. Nearly two-thirds of adults will make a New Year’s resolution this year. If you’re still deciding what your New Year’s resolution should be, improving …

The Decade in Retirement: Wealthy Americans Moved Further Ahead

Retirement in America has become a tale of two very different realities in the decade now drawing to a close. In 2010, the economy was just beginning to recover from the worst recession and financial crisis in recent memory. The unemployment rate was high, the stock market was coming back and millions of workers were worried that their retirement plans …

How To Make Your 2020 Financial Resolutions Stick

In a survey by Fidelity Investments, 67% of Americans said they’re planning to make financial resolutions for 2020, with saving more and paying down debt topping the resolution chart. Of course, making such resolutions is easier than keeping them. A  third of New Year’s resolutions don’t even make it past the first month, two studies found. Whatever your specific financial …