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Get ready for the trillion-dollar question: Are your Treasury bonds at risk in the face of a U.S. default? Brace yourself, because if Congress falters in raising the debt ceiling before the Treasury’s coffers run dry, the repercussions will be felt far and wide. When the government can’t foot its bills, that includes honoring payments on Treasury debt—bonds, bills and notes included. Discover the potential impact on your investments and protect your financial future. A financial advisor can help you navigate this precarious moment. Find a fiduciary advisor today. Read More...
Once upon a time, retirement in America was referred to as “a three-legged stool.” The first leg was your expected Social Security benefits, the second leg was your own personal savings and the third was something old-timers called a pension. A financial advisor can help you create an income plan for retirement. Find a fiduciary advisor today. Read More...
A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and for the right job, bond ladders can provide stable income and a needed buffer against market volatility. That said, you are right to question the downsides because there are tradeoffs. Financial planning choices are often about balancing tradeoffs. Ideally, you’ll balance them in a way that provides you with the most value in light of your personal needs and concerns. Here are what I consider to be the two biggest bond ladder tradeoffs. (And if you need more help on bond ladder strategies, consider working with a financial advisor.) Read More...
Rethink that retirement party. More and more, seasoned workers are defying expectations and staying put in the workforce for a compelling reason—they simply can’t afford to retire. That’s the finding from a new study by Korn Ferry that found that the number of clients with investment powerhouse Fidelity who can afford to cover all their expenses in retirement dropped from 83% last year to 78% this year. For help managing your own retirement planning, consider matching for free with a vetted financial advisor. Read More...
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May 13, 2023 Chartered financial analyst (CFA) and certified financial planner (CFP) are common certifications for individuals working in finance,…
May 15, 2023 Wealth management firms are all different, with their own specializations and services. As a result, the process for choosing a wealth…
May 27, 2023 If a financial planner, financial advisor or another type of financial professional is fee-only, that means they receive compensation…
May 16, 2023 If you’re young and looking to purchase a new home to live in, you may want to consider turning it into an investment property. While most…
Apr 19, 2023 Social Security income is generally taxable at the federal level, though whether or not you have to pay taxes on your Social Security…
Data Articles and Studies
The number of registered investment advisors (RIAs) in the U.S. is growing, as are the number of clients they serve and assets they manage. According to an annual report published jointly by the Investment Advisor Association and National Regulatory Services, there were 13,494 RIAs in 2020 – about 11% more than there were in 2017 (12,172). Last year, those advisors reported a total of 42.1 million clients and $97.2 trillion in regulatory assets under management (AUM) – roughly 18% and 37% more, respectively, than the number of clients and assets reported three years prior. Read More...
Since the onset of COVID-19, remote work has become the norm for many Americans, allowing them to continue to meet some of their expenses while saving where possible. In the late spring of 2020, about half of American workers were working from home, according to two surveys conducted by the National Bureau of Economic Research. Many researchers believe that increased work flexibility and work-from-home opportunities may continue even after the pandemic is over. With that in mind, SmartAsset looked at the best cities to work from home in 2021. Read More...
The Bureau of Labor Statistics (BLS) says that computer and information technology jobs are expected to have grown by 11% from 2019 to 2029, adding 531,200 new jobs in cloud computing, big data storage and collection and information security. The median annual wage for those jobs in May 2019 was $88,240, which is $48,430 higher than the median annual wage for all occupations. Read More...
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