Job vacancies and layoffs edged lower in June, according to a report Tuesday that points to a stable labor market.Employment openings totaled 9.58 million for the month, edging lower from the downwardly revised 9.62 million in May, the Labor Department said in its monthly Job Openings and Labor Turnover...
Bob and Terri Wood, of Mobile, Alabama, with their grandson.Courtesy: Bob WoodBob Wood, 66, has been thinking of selling his home in Mobile, Alabama. The finance professor and his wife, Terri, purchased the 5,000-square-foot house with a pool nearly a decade ago. "It's probably time to downsize," he said....
A new report shows so-called Peak 65 women are more than twice as likely than Peak 65 men to purchase an annuity if recommended by their financial advisor. Excuse us for asking, but why isn’t this substantial deviation piquing more advisors’ interest? According to a study out Tuesday from the Alliance...
A review of 401(k)s shows account balances that are emblematic of widening wealth inequality among older Americans, the Government Accountability Office said in a report Thursday to Congress. The account type, which is often championed as an important savings tool for the middle class, is utilized far more by those...
Artistgndphotography | E+ | Getty ImagesWhen it comes to retirement savings, the gap between the haves and the have-nots has widened, according to a new report from the Government Accountability Office.The median retirement account balance for high-income households was nine times that of middle-income households in 2019 — $605,000...
A man has been charged by the SEC for misappropriating millions of dollars invested by people who believed they would become ‘rich’ from cryptocurrencies. Richard Heart, also known as Richard Schueler, and three entities he controls are accused of selling unregistered securities, namely crypto assets that raised $1 billion from...
By Richard Scott, Group Vice President Asia Pacific, Informatica Australian banks have had an unsettling year. Global instability in the financial services sector combined with the nation’s cybersecurity and Privacy Act reforms are putting more pressure on banks with regard to how they manage and use data. At the same time,...