An unexpected loss can send you spinning, but knowing where you stand and where to turn financially if something happens could ease some of the stress. As an adviser, I stress the importance of a well-thought-out, long-term plan to keep financial goals and objectives “on… Read More »4 Ways to Prepare for a Personal Financial Crisis and Keep Goals on Track
Putting 60 percent of a portfolio in stocks and 40 percent in bonds is supposed to hedge against both assets dropping simultaneously. But it didn’t pan out that way in 2022. Inflation and rising interest rates whacked both asset classes, and a Bloomberg index tracking… Read More »Will the 60/40 portfolio stage a comeback in 2023?
The amount of money workers are demanding to switch jobs has been escalating — recently hitting a new eight-year high amid powerful inflation and the prospect of a recession. Asked about the minimum pay they would accept to switch to a new job, workers, on… Read More »Here’s how much pay Americans say they’d need to start a new job
KEY POINTS Amid record-high inflation, stretching Social Security benefit checks became more difficult in 2022. Even as a 5.9% cost-of-living adjustment went into effect in January, the record-high annual benefit increase still fell short, according to new research from The Senior Citizens League. The average retiree benefit… Read More »The average Social Security retirement benefit fell short by 46% in 2022. Here are the costs that went up the most
A second marriage means a new financial plan. Read below to see how this couple navigates building one. Second marriages can be challenging. Throw in a young second family, older kids from a previous first marriage, intense work schedules and personalities and you have a… Read More »Second Marriage – Second Chances
Across the world, governments have intervened to mitigate the effects of inflation on businesses and consumers. Price tags are seen as a woman shops at a local market in Nice, France, on 7 June 2022. Pandemic-related disruptions to global supply chains and the effects of… Read More »How governments are trying to ease the impact of inflation
There’s still time. You’ve got two weeks left to take capital losses, using them to cut your 2022 tax bill. This is a use-it-or-lose-it proposition. It’s not just that a tax year deadline is approaching. I think the whole technique of loss harvesting is endangered.… Read More »The Loss Harvesting Tax Dodge: Use It Or Lose It
BlackRock Inc. thinks markets are too complacent about inflation staying high for longer and is maximizing assets by hedging that risk. While its strategists acknowledge that a decline in US prices is playing out faster than expected, they are sticking to a view that inflation… Read More »BlackRock Bucks Bets on Plunging Inflation
KEY POINTS The end of the year is a time to give thanks and celebrate the holidays with our families. It’s also an opportunity to reevaluate the previous 12 months and ask your financial advisor some very productive questions. 1. What’s your investment decision process?… Read More »Op-ed: Here are 5 questions to ask your financial advisor before the end of the year
FASB made several tentative board decisions Wednesday related to its project on the disclosure of crypto assets, and the board agreed to create an exposure draft for a related Accounting Standards Update. At the AICPA & CIMA Conference on Current SEC and PCAOB Developments earlier in the week, FASB… Read More »FASB set to draft crypto asset disclosure standard