Ascentxmedia | E+ | Getty Images With the Federal Reserve poised to start cutting interest rates, experts are divided on what’s ahead for the U.S. economy. While some worry the economy could be in for a broad decline, or recession, others hope the central bank can effectively avoid a downturn and execute a “soft landing.” … Read more
Aj_watt | E+ | Getty Images A recent Social Security report showed a strong economy has helped the program. Still, Social Security’s trust funds may be depleted in the next decade, if no changes happen sooner. Many Americans have a misplaced worry that benefits will disappear. “The biggest myth about Social Security is that when … Read more
Wand_prapan | Istock | Getty Images Guaranteed retirement income is a challenge Many baby boomers face a challenge of how to maintain their lifestyle once they retire. Social Security benefits typically replace about 40% of a worker’s pre-retirement income. Annuities may help provide another source of guaranteed income. However, many people do not seek those … Read more
Johner Images | Johner Images Royalty-free | Getty Images A new U.S. Labor Department rule will significantly change the advice many investors receive about rolling money over from 401(k) plans to individual retirement accounts, legal experts say. The so-called “fiduciary” rule, issued April 23, aims to raise the legal bar for brokers, financial advisors, insurance … Read more
