Some pension plans let retirees choose between smaller lifelong income payments or a large lump sum. If one or both spouses are in line to receive pensions, a couple should at least explore some of the possibilities for lump sum investment.
The most recent Federal Reserve Open Market Committee announcement came as no surprise: the Fed held the fed funds target steady, meaning that short-term interest rates won’t be going up or down due to the central bank’s policy. What WAS a surprise, however, is that Fed chairman Jerome Powell announced that he isn’t going anywhere. The Fed has been in danger of becoming a political football, and this is not new. Every President and every political party in power has tried, in various ways, to lean on the Fed to lower interest rates in order to juice up the economy before the next...
Walking through a suburban open house has become a stark lesson in economic reality for millions of aspiring buyers. What was once considered a straightforward rite of passage into adulthood now feels closer to an unattainable luxury. Driven by a...
The U.S. stock market maintained its powerful upward momentum through...
Many families consider the cost of sending their kids to college to be a...