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.
Across the United States, traditional economic measures are behaving in a way that defies modern economic theory. For decades, the American economy moved through recognizable boom-and-bust cycles. Today, however, major indicators are neither exploding with growth nor tumbling into recession. Instead, they have locked into a prolonged, steady horizontal line, an unprecedented economic phenomenon that economists are struggling to name. Consider the housing market. Existing home sales currently run at an annual pace of 4.06 million units. Three years ago, that figure stood at 4.08 million, effectively...
If the third quarter had a theme, it was resilience. Stocks managed to move higher despite a steady stream of challenges that included higher interest rates, rising oil prices, geopolitical tensions, and renewed inflation concerns. By quarter-end,...
In one of the most unusual financial maneuvers in decades, the U.S....
As college tuition costs continue to escalate across the nation, many...