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 …

How to Support Your Retired Parents Without Sinking Your Own Retirement Plans

Denise Clark was at her wits’ end. Her elderly mother, who had already drained a modest 401(k) and tapped the family home for a home equity line of credit, wanted Clark and two siblings to subsidize her living expenses. Items included non-essentials such as a brand-new car loan and generous birthday gifts for extended family members, to the tune of …

Three Simple Habits That Will Help You Stick To Your 2020 Budget

It’s that time again! The end of the year (in fact the end of the decade!) is upon us, and a lot of us are starting to set goals for the upcoming year. For many people, those goals involve being more controlled and conscious about spending in 2020. You may be setting a budget, trying to stick to a spending …

8 Ways to Help Family Members in Financial Trouble

During times of hardship, one of the first places many people turn for help is to their loved one and family members. Often people fall into financial difficulties if they experience the sudden loss of a job or are impacted by expensive medical bills. Many well-meaning family members have found themselves sucked into the financial abyss by the problems of …

A Recession Hasn’t Arrived (Yet). Here’s Where You’ll See It First.

For a few weeks last summer, you would have been forgiven for thinking the United States was racing headlong into a recession. Financial markets were in turmoil, once-confident business leaders were suddenly jittery and seemingly every financial news outlet was warning that the economy was in trouble. As the year comes to a close, the fever seems to have broken. …