The beat goes on for the second longest bull market in history. For the eighth consecutive quarter, the S&P 500 Index notched a positive return. Small U.S.
Are you contemplating retiring soon?
Retiring takes considerable planning, but here are some tips to get you started on the process:
According to USA Today, nearly two-thirds of Americans don’t even have a will, perhaps the simplest estate plan. Moreover, estate planning is more than just creating a will, it involves other important documents such as powers of attorney (POAs), advance healthcare directives, and trusts, in some cases.
Caring for aging parents is an increasingly common responsibility, even for those who still have young children at home. Nearly ten million adult children (over age 50) are currently taking care of an aging parent, according to Metlife. For many people, it’s an important concern, but planning for it can make things easier once the need arises. Fortunately, there are plenty of resources available to assist both the elderly and their caregivers.
Are you very confident that you will end up enjoying a comfortable retirement? If so, you’re in the minority. Only 18% of Americans are very confident about their future retirement prospects.
The Federal Reserve (Fed) raised interest rates for the second time this year. The Fed’s policy-setting committee raised the interest rate at which banks lend overnight funds to other banks by 0.25% to a range of 1.00% to 1.25%. The markets were widely anticipating the increase, with the move signaling Fed optimism about the overall health of the U.S. economy. While indications of an improving economic landscape are usually celebrated by Wall Street, many investors continue to worry about the effects of future interest rate hikes on stocks and bonds.
You may have heard the phrase “lifestyle inflation,” or seen articles about families making well over six figure incomes and still living paycheck to paycheck. This phenomenon is also known as “lifestyle creep” and refers to the tendency to let spending rise as income rises.
Your 50th birthday provides new opportunities to secure your financial future. For example, it gives you access to the “catch-up” provisions that allow you to contribute extra amounts to retirement accounts each year, which are not available to younger earners.
Are you ready for the summer vacation season?
Part of preparing for a vacation is knowing how to save money on your travel. Here are 15 ideas to get you started: