As the U.S. population continues to age, the “sandwich generation” is caught in the middle, supporting both their parents and their children, whether financially, physically, or emotionally. This generation is the middle-aged generation supporting the baby boomer generation—now the largest generation ever. By 2035, one in three heads of households will be someone age 65 and older. The American population will have … Read more
Rock legend and Black Sabbath front man Ozzy Osbourne revealed that he’s been diagnosed with Parkinson’s disease. In an appearance on Good Morning America, the now 71-year-old musician said he was diagnosed with the neurodegenerative disorder last February. “I feel better now that I’ve owned up to the fact that I have a case of … Read more
Even if you’re saving money in a 401(k), IRA, or another type of retirement account, you may not be paying much attention to the specific rules and regulations governing these accounts. After all, if you’re years away from retirement, many of these regulations are likely to change. But a major part of retirement planning involves … Read more
Losing a spouse, whether through death or divorce, can be devastating both emotionally and financially. The loss can take months or even years to adjust to since there is no way to prepare for death or divorce despite having discussed contingencies with each other or their financial professional. When it comes to financial decisions, some things need … Read more
On May 27, 2021, a couple of events in the energy sector occurred that demonstrated the continued mainstreaming of sustainable investing and underscored the risks and opportunities available to investors. While primarily thought of as equity-oriented, sustainable investing is becoming more mainstream in fixed income markets—and companies that fail to acknowledge changing dynamics may potentially … Read more
Fiscal stimulus, which was central to the market rebound in the last year, may start moving to the sidelines over the rest of 2021 and into 2022 as the recovery continues. Economic growth can compensate for the loss of government checks to households and businesses, but potential tax increases may be more challenging for markets … Read more
For many Americans, the home is the single biggest purchase made during their lifetime.[1] As a result, it’s important to do everything possible to keep it in good condition. Even moderate or short-term neglect can be dangerous, as small problems can quickly snowball into larger and more expensive ones. But homes don’t come with an instruction … Read more
Due to the shift to online classes over the past year, 2020 saw the lowest tuition increase in the last four decades. According to the Bureau of Labor Statistics, the highest year-over-year change in college tuition and fees was recorded in June 1982 at 14.2%, while overall inflation was up 6.6% over that same time period. … Read more
After one of the best starts to a bull market in history, the rally has started to show signs of fatigue. A strong economic recovery lies ahead as the roepening continues, bolstering a very strong earnings outlook that is helping stocks grow into elevated valuations. However, in the second half of the year, as inflationary … Read more
If you have a child in kindergarten, you may want to dust off a report from 2015 that explains just how expensive raising kids can be. And it’s downright frightening. Back in 2015, the US Department of Agriculture released the Expenditures on Children by Families Report with the scary title: “The Cost of Raising a … Read more
It’s embarrasing to admit this but in our earnings season preview on April 12, when the consensus estimate reflected a nearly 24% increase, we wrote that S&P 500 Index earnings growth for the first quarter could potentially exceed 30%. Fast forward to today and earnings growth for the quarter is on pace to double—yes, double—that 24% … Read more
If retirement is on your horizon, you may not expect to be able to withdraw any funds from your 401(k), 403(b), or other tax-deferred plan until you reach age 59.5—unless you want to pay a 10 percent penalty.[1] However, one little-known IRS rule allows you to begin making penalty-free withdrawals from a tax-deferred account at age … Read more
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