April 25– Apr. 25– When preparing for your first home, you take on a mortgage. Now when you’re about to retire, what do you do? These were the questions that Kris Heichel of Fairway Mortgage Company hears about regularly.

It’s almost impossible to save too much for retirement. After all, you could spend two, or even three, decades as a retiree. And retirement is not cheap even if you maintain a relatively modest lifestyle, some of your expenses, especially those involving health care, may continue to rise over the years.

After a sharp decline in the stock market in the fourth quarter of 2018, stocks surged in the first quarter of 2019. Combined with near record high job openings, the market pushed Americans’ personal financial satisfaction to a new record high, according to the AICPA’ s Q1 2019 Personal Financial Satisfaction Index.

A Raleigh man is accused of defrauding a Durham woman of $246,000 through mail and wire fraud, the U.S. Attorney’s Office said Tuesday. Furman Alexander Ford was a financial advisor for New York Life, a release said, and helped the woman set up a charitable trust with New York Life.

It’s almost impossible to save too much for retirement. After all, you could spend two, or even three, decades as a retiree. And retirement is not cheap– even if you maintain a relatively modest lifestyle, some of your expenses, especially those involving health care, may continue to rise over the years.

WASHINGTON– It’s unclear whether one or both, or neither, of President Trump’s selections for the Federal Reserve Board– Stephen Moore and Herman Cain– will win Senate confirmation. But if you think the Fed is simply a political lackey of the president or Congress, then you are also misinformed. Most members of Congress don’t have the time or the temperament to…

Bob and Dawn Grimard of Grimard Financial Group Grimard Financial Group is a family-owned financial advisory and wealth management group out of Litchfield, New Hampshire. The husband and wife team works with clients to better understand their retirement position and how to safely navigate the sometimes murky waters of the modern economy. By Zoey Thompson…

The boom market in small businesses is showing signs of cooling. The number of small business sales counted by online market BizBuySell.com fell 6.5% during the first quarter from the same period of 2018, following a 6% fourth quarter drop. BizBuySell.com reported 2,504 first quarter transactions, down from 2,678 a year earlier. Despite the dip, sales remain strong; however, higher interest rates and a slowing economy could dampen potential buyers’ appetite for small businesses.

The United States is on the verge of a retirement crisis. As Chairman of the Senate Aging Committee, ensuring that more Americans are financially secure in their retirement years is one of my highest priorities. Here in Maine, at least 46 percent of private sector employees work for an employer that does not offer a retirement plan.

Commissioner Robert Jackson appeals for clarity on “best interest,” stronger prohibitions on business models that incentivize conflicted advice.

2019 APR 18– By a News Reporter-Staff News Editor at Daily Real Estate News– Modern Money, a new study released by Ameriprise Financial, reveals 78 percent of investors say achieving financial success has been the same or easier for them than it was for their parents at the same age, but over half think it will be harder for the next generation in their family to feel…

The Federal Reserve says the economy was expanding at a “slight-to-moderate pace” in March and early April with some regions seeing signs of strengthening after a winter slowdown. In its latest report on economic conditions around the country, the Fed said that the reports on manufacturing were favorable although some business contracts noted uncertainty caused by tensions over President Donald Trump’s get-tough trade policies.

Some clients, especially women, might show little interest in the financial planning process, so advisors need to educate them.

Still, some products with higher yields also have higher Sharpe ratios. Could that indicate better risk-adjusted performance?

Nearly two-thirds of the largest and mid-sized 401 consultants and advisers believe that sponsors want to continue to serve individuals once they retire, according to PIMCO’s 13th annual Defined Contribution Consulting Study. This is up 14 percentage points from the year before. PIMCO’s findings are based on a survey of 238 large and mid-sized consultants…

UnitedHealth, the nation’s largest insurer and a Dow Jones component, topped Q1 earnings views. But shares turned negative on “Medicare for All” fears.

It wasn’t so long ago that many investors regarded dividends as roughly the financial equivalent of a record turntable at a gathering of MP3 users- a throwback to an earlier era, irrelevant to the real action. But fast-forward a few years, and things look a little different. Since 2003, when the top federal income tax rate on qualified dividends was reduced from a…

The Federal Reserve gave Wall Street just about everything it wanted, helping to make the first three months of 2019 a great time to be in stocks and bonds. Bond funds were up 3.8 percent, and international stocks rose 11.1 percent, with funds that focus on China and other emerging markets doing best. The Fed abruptly signaled, just as 2019 began, that it was shifting…

In case you missed it, here are a few headlines from this week in financial services news.

President Trump’s executive order directing the U.S. Department of Labor to look into whether private pension funds that have engaged with oil and gas companies on climate change are complying with federal law is “misguided and ignores the very clear information related to the financial risks of climate change,” Ceres CEO and President Mindy Lubber said in…

A recession is caused by two consecutive quarters of negative gross domestic product numbers. In effect, it is the end of an economic expansion and the beginning of a contraction. People often confuse a market drop, or a correction, with a recession.

—When thinking about retirement, your main focus may center around not being a burden to your loved ones. In fact, 81% of middle-income Boomers have made at least one formal preparation for when they pass away1. Bankers Life President Scott Goldberg shares three steps to help prepare for retirement care.

The American College of Financial Services today announced that Wade D. Pfau, PhD, CFA (R), has been named Director of The American College’s leading Retirement Income Certified Professional (R) Program. Pfau has been with The American College since 2013 and is a Professor of Retirement Income in the Financial and Retirement Planning program and has been a…

We spend a lot of time daydreaming about and planning how to achieve our goals. Charting a new career, creating a bucket list, helping a loved one reach success and other goals all have financial implications that deserve consideration. This is where a financial plan comes in.

From their tax advantages to their investment potential, health savings accounts have a range of benefits to both workers and retirees.

We spend a lot of time daydreaming about and planning how to achieve our goals. Charting a new career, creating a bucket list, helping a loved one reach success and other goals all have financial implications that deserve consideration. This is where a financial plan comes in.

Unexpected expenses can come out of nowhere. Here are some tips to be prepared.

LIMRA issued the following news release:. New LIMRA Secure Retirement Institute announces its annuity sales forecast for the next five years. Looking ahead to 2023, LIMRA SRI predicts overall annuity sales could exceed $280 billion.

Sherrod Brown, D- Ohio, ranking member of the Senate Banking, Housing and Urban Affairs Committee, issued the following opening statement at a hearing entitled “The Application of Environmental, Social, and Governance Principles in Investing and the Role of Asset Managers, Proxy Advisors, and Other Intermediaries”:. “I hope today’s hearing will allow the Committee…

Concerns about turning current savings into retirement income jumped significantly year-over-year, according to BlackRock’s 2019 DC Pulse Survey of more than 1,000 defined contribution plan participants and some 200- plus plan sponsors. When it comes to the critical task of turning savings into retirement income, six in 10 workers are worried, up 14…

The plans you make now need to take into account the effects they’ll have 10 or 15 years down the road.