Think you’re safe? Identity theft could wipe out your entire life’s savings
Identity theft is a widespread problem, affecting millions of Americans each year. In 2023 alone, American adults lost a staggering $43 billion to identity fraud. The following story illustrates the devastating impact this crime has on an individual. Paula DisburyThe former Colgate Palmolive employee was living a comfortable life when she discovered $750,000 had been […]
Gen X helps drives retirement savings balances to new record
“Barron's Roundtable” discusses reports that members of Generation Z are actively looking to retire. New data from Fidelity Investments shows that Gen The financial services firm reported Thursday in its third-quarter retirement analysis that total contributions increased by a whopping 35% compared to the same period in 2023, as Gen did. Generation X was thought […]
Brazilian real hits all-time low as investors doubt cost savings plan – Financial Times
Unlock Editor's Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Brazil's currency tumbled on Thursday, after government promises to cut costs by 70 billion reais (US$12 billion) over the next two years failed to calm investors' nerves over Latin America's largest economy's finances. It fell to its […]
Is a retirement savings crisis looming?
In “The Bottom Line,” President Trump donor Norm Champ details how the Biden-Harris rule is hurting Americans' retirement savings. Tens of millions of private sector workers lack access to retirement savings plans through their employers, which experts at AARP's Public Policy Institute warn could pose a significant burden to future taxpayers. There is. The institute […]
Taking stock of bonds: Does the 60/40 rule still have a role in retirement savings? – USA TODAY
The 60/40 rule is a basic principle of investing. They should aim to keep 60% of their assets in stocks and 40% in bonds. Stocks can provide solid returns, but they are volatile. Bonds provide a small but stable income and act as a cushion when stock prices decline. The 60/40 rule is one of […]
Biden highlights drug cost savings, hits Trump on 'concepts' of ObamaCare plan
President Biden on Tuesday highlighted his administration's efforts to lower prescription drug costs as he looks to cement his legacy in the final months of his term. At an event in New Hampshire with Sen. Bernie Sanders (R-Vt.) and other Democrats, Mr. IRA). Biden called it an important victory for the pharmaceutical industry. “It was […]
How the Biden-Harris administration threatens your retirement savings
Claman Countdown panelists Kenny Porcari and Sam Stovall unpack market performance as we head into the year. Despite the subsequent rally, the stock market's plunge in early August and subsequent volatility highlights the damage that the Biden-Harris administration's policies are inflicting on the US market, and the have dire consequences for their retirement savings. To […]
HSBC Cutting Top Managers in $300 Million Savings Plan – PYMNTS.com
Management ranks among major banks HSBC It can start to fade quickly. Financial Times (FT) reported On Thursday (October 10), sources familiar with the matter said the new CEO Georges Erhedery HSBC plans to restructure its senior banking ranks as part of a plan to save up to $300 million. Reports surfaced last month that […]
Donald Trump Jr. Warns That the Most Socialist Ticket in U.S. History Is Coming for Your Savings
The following article by Donald Trump Jr. birch gold. I never thought I'd see the day when a man who praises communism (Tim Walz) would be a presidential candidate. But here we are. Florida Governor Ron DeSantis called Kamala Harris and Walz “the most left-wing ticket in American history.” And I completely agree. The Harris […]
Op-ed: Your kids need a Roth IRA. It's the 'golden egg' savings vehicle for young people – CNBC
Jason Doy | E+ | Getty Images As a financial advisor and mother of three children, I know the power of compound interest and the value of early work experience and learning to save and invest for yourself. My kids (ages 15, 12, and 11) have been tutoring, filing, shredding, cleaning, and even doing info […]