getty There are three risks that are most likely to derail retirement plans. The risks are real and substantial, almost regardless of an individual’s net worth. Fortunately, the potential damage from the risks can be reduced. Longevity risk is talked about a lot by economists and financial advisors but not by many retirees and pre-retirees.
The latest round of stimulus has offered help to individuals, but includes some desperately needed, … [+] and hopefully, very helpful stimulus aimed at small businesses. getty The Consolidated Appropriations Act (CAA) gave us some last-minute fiscal relief, notably $600 stimulus checks for individuals and provisions for some hard-hit areas aimed at mitigating the continuing
getty The $15 minimum wage, on the agenda of activists for upwards of a decade and now a part of President-Elect Biden’s covid-relief plan, is, depending on who you listen to, either a boon to workers or the source of substantial lost jobs. After all, a CBO analysis from 2019 concluded that both effects would
Corporate Profits Quickly Recovered From the Initial Shock. getty The country is experiencing two quite different paths since it plunged into a recession in the spring of 2020. Many families struggle with widespread and increasing job losses, long-term unemployment, more debt, hunger, poverty and the threat of evictions among a surging pandemic. In contrast, corporations
What is a Swap Power and Why do you Care? A “swap power” is also called a “power to substitute.” It is a special right reserved to you (or someone else) in a trust you create while you are alive. This right gives you the power to swap an asset of yours, say cash, for