With rampant inflation, you want to ensure that your savings are growing to keep up with rising costs. You want to invest in the stock market but may hesitate due to the fluctuations of the economy.
Having a financial advisor can be incredibly helpful in navigating life’s significant events and making smart financial choices. Not only will they help you understand your goals, but they’ll also work with you to establish a detailed plan for achieving each one.
“Certain countries stand out as potentially vulnerable to enacting rate hikes,” said Cliff Ambrose, founder and wealth manager at Apex Wealth ...
Global investors are unwinding bets on local-currency bonds as some emerging-market central banks come under pressure to raise interest rates — rather than cut them as widely anticipated just weeks ago.
Experts have warned that taxes to fund essential retirement, disability and healthcare provisions like Social Security and Medicare are likely to grow in the coming decades due to ongoing changes in America's workforce demographics. And the youngest generations, millennials and gen z, are likely to take on most of the burden.
Let’s talk about easy, practical tips for saving on groceries when you are in retirement. Not only can it be harder to adjust to a fixed income, but you might find that common grocery costs can sneak up on you during your first year of being a retiree. Lucky for you, you are not alone.
Inflation is a hot topic of conversation. Consumers are digging even deeper into their pockets for everything from groceries to rent or mortgage payments.
Following a stretch of highs, many CD rates have started decreasing this year. From mid-December 2023 to mid-February 2024, the midpoint for one-year CD rates at 21 online banks and credit unions dropped from 5.30% to 5.00% APY, according to NerdWallet analysis. In addition, while in November of 2023, there were over 3,900 CDs available with rates of 5% or greater, by the third week of March 2024, that number was under 3,000, says Bryan Johnson, chartered financial analyst at CDValet.com.
Buying a car is an enormous financial decision and can cause some sticker shock. Indeed, Kelley Blue Book noted that the average cost of new cars is now more than $47,000 — up a whopping $6,000 from two years ago and $10,000 from September 2020, according to Consumer Reports.
With all the work that goes into saving and investing for retirement over your lifetime, you don’t want to reach that stage of your life only to get caught off guard by certain costs. If you’re not careful, your retirement portfolio that you put so much effort into building up can quickly collapse.
With the resurgence of the price of Bitcoin — partly driven by the January approval of spot Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) — there has been renewed interest in the crypto space as of late.
Real estate investment trusts — REITs — are essentially mutual funds that buy real estate instead of stocks. While some experts argue that REITs provide portfolio diversification and are a great way to derive passive income, there are also a slew of misconceptions around them.
Planning for retirement can be a decades-long process, and many people struggle to accurately prepare themselves in terms of understanding the true costs of retirement.
With the Federal Reserve once again holding rates steady following its March meeting, savers have a continued opportunity to benefit from high interest rates on certificates of deposit (CD) accounts. In today's environment, savers can find CDs paying above a 5% annual percentage yield (APY). However, the Fed still foresees three rate cuts happening later this year, and that could cause CD rates to fall too.
Carefully consider the fees and tax consequences before using your retirement savings to buy a house.
Have you heard the term “index funds” but don’t know what they are or whether they’re worth including in your portfolio?
Much has been said about the dire situation many Americans might be in when they reach their golden years. Sticky inflation, soaring interest rates and the resumption of student loans have all put a dent in savings and left little to set aside for retirement.
Retiring overseas is a dream for many Americans, whether they are in search of new adventures, more exotic pastures or cheaper costs of living.
Following a CD ladder's staggered approach is a path to consistent retirement income.
With inflation still above the Federal Reserve's preferred 2% annual measurement, the central bank has kept rates steady recently. For savers, that has translated into continued attractive rates on accounts like certificates of deposit (CDs).