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Hemingway, as an expat, implied high adventure in a foreign land The first definition of “expatriate” appeared in a French dictionary in the late 1700s and denotes a person who has been banished from his or her native land. This elucidation came just in time for Napoleon’s exile to the island of Elba in 1814; … Read more
A 401(k) is the primary retirement-savings vehicle for many Americans. But despite the 401(k)’s importance, the average participant’s only investment strategy is to plow money into the accounts – then do nothing. They rarely if ever make changes to the investment selections their plans offer. “I’ve known people who had the money in the same … Read more
Investor Sentiment Jumps Six Points in 2016’s Second Quarter, Following Three Quarterly Declines BOSTON, July 5, 2016 /PRNewswire/ — Investor sentiment increased in the second quarter of 2016 as measured by the John Hancock Investor Sentiment Index, rising to +25 from +19 in the first quarter of this year. Sentiment had reached an all-time high of … Read more
How many people have enough savings for retirement now? Today’s statistic is that a person over age 50 who loses his job will have a 90% chance of not finding another one. Everyone needs a retirement plan because no-one knows when an industry shift, or economic downturn could effect your career and your life, in … Read more
$17 Billion a Year at Stake for U.S. Retirement Savers and Investors if House of Representatives Overrides President’s Veto Wednesday Millions of U.S. retirement savers and investors could suffer an estimated $17 billion in higher fees and lower returns on their nest eggs each year if the U.S. House of Representatives votes Wednesday to override … Read more
If we wrote a book about the Malta U.S. Pension Scheme it would be about 12 pages even if we covered everything imaginable in great detail…otherwise it would be a couple of paragraphs and not worthy of a white paper because it is NOT an occupational retirement plan it is a life time annuity with … Read more
U.S. Census Bureau Facts for Features: Older Americans Month: May 2016 President Kennedy first celebrated older Americans by designating May 1963 as Senior Citizens Month. After a meeting with the National Council of Senior Citizens, Kennedy encouraged all Americans to pay tribute to older people across the country. Every President since has issued a formal proclamation … Read more
America’s Retirement Crisis Highlights The Need For Better Financial Advice Ideally, people investing for retirement always should have been able to feel confident that their financial advisors were giving them unbiased advice and recommending what was best for them. That wasn’t necessarily the case, though, which prompted the Department of Labor to issue new fiduciary rules … Read more
As older Americans approach retirement, many may be realizing their financial planning isn’t what it should have been. That could mean they need to postpone retirement – or abandon the idea altogether. “Most people don’t spend much time even thinking about retirement,” says Stephen Ng, author of “10 Financial Mistakes You Should Avoid: Strategies Designed … Read more