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.
When the Trump administration nominated Kevin Warsh to replace Jerome Powell as chairperson of the Federal Reserve Board, Wall Street expected a swift pivot toward monetary easing. The political signals were clear: the administration had repeatedly demanded aggressive rate cuts, openly criticizing Powell for maintaining a tight monetary stance. Warsh, widely viewed as a choice aligned with the administration’s economic vision, was largely expected to deliver those cuts. However, the economic reality on the ground is rapidly upending those expectations. Instead of the anticipated rate cuts, a...
A sharp selloff in the fixed-income market has pushed the yield on the U.S. government’s benchmark 10-year Treasury bond to 4.7%, its highest level since January 2025. The rapid rate escalation has triggered a mini-bear market in bonds, casting a...
July saw a shift in market leadership as investors moved beyond the large...
For the estimated six million Americans working in tipped industries, a...