Still catching up after the pandemic, vacationing Americans are streaming onto foreign shores in record numbers this summer. Maybe they should check out some cheap international stocks in between beach and museum visits. Or at least tell their advisors to start looking abroad for deals as the U.S. dollar declines....
No two ways about it, the retirement crisis is coming. And while lifetime income solutions like annuities may not solve the entire problem, they certainly won’t hurt. An estimated 40.6% of all U.S. households headed by someone aged 35 to 64 are projected to run short of money during retirement,...
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...
Retirement reality is really starting to bite Gen X. A recent survey from Prudential Financial revealed that America’s 65 million Generation Xers — those Americans born between 1965 and 1980 — are facing a slew of financial challenges just as they enter their final working years. Most notably, more than...
Sorry, social media, financial advisors are still tops when it comes to trusted advice. According to Northwestern Mutual’s 2023 Planning & Progress Study released Monday, Americans rely on financial advisors as their most trusted source of financial advice, outpacing spouses, family members, business news, friends and yes, social media. Despite spending...
Who says we all can’t get along? Surely not the folks in statehouses enacting auto-IRA programs. Three new auto-IRA programs were passed this year by state legislatures in Minnesota, Nevada, and Vermont, plus one new multiple-employer plan in Missouri. Tally it all up and, as of mid-June, a total of 19 states had...