Retirement planning

'What are the odds?  I retire and the stock market crashes.  All my plans are upside down.'  I want to draw on my 401(k) to renovate my new home.  What options do I have?

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?

Dear Quentin, I’m due to retire in two months and I have already moved to my new home in the sun. I have not sold my apartment in a major US metropolitan area on the east coast, as I wanted to see how I settled into my new life. It’s a quiet, but beautiful city …

‘What are the odds? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have? Read More »

Your new 'retirement' home could be a cruise ship

Your new ‘retirement’ home could be a cruise ship

Jeff Farschman, 72, is a serial cruiser from Delaware who spends months at sea in retirement. Jeff Farschman For nearly two decades, Jeff Farschman, 72, has spent his golden years like many other adventurous retirees — enjoying leisure cruises to exotic ports of call. But unlike many of his fellow cruise passengers, Farschman basically lives …

Your new ‘retirement’ home could be a cruise ship Read More »

What Bitcoin Could Be Worth to Fidelity.  You'll Be Surprised.

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the …

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised. Read More »

Worried about a recession?  Here's how to prepare your portfolio

Worried about a recession? Here’s how to prepare your portfolio

FGTrade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and recession is part of the cycle that we may be facing,” said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts. …

Worried about a recession? Here’s how to prepare your portfolio Read More »

Worried about a recession?  Here's how to prepare your portfolio

Worried about a recession? Here’s how to prepare your portfolio

FGTrade | iStock | Getty Images More from FA Playbook: Here’s a look at other stories impacting the financial advisor business. “We all understand that markets go through cycles and recession is part of the cycle that we may be facing,” said certified financial planner Elliot Herman, partner at PRW Wealth Management in Quincy, Massachusetts. …

Worried about a recession? Here’s how to prepare your portfolio Read More »

Here's where financial advisors say I bonds may work in your portfolio

Here’s where financial advisors say I bonds may work in your portfolio

I bonds are currently paying 9.62% annual interest through this October, presenting an opportunity for investors with a range of goals, according to financial experts. These assets, backed by the federal government, are nearly risk-free and inflation-protected, with rates changing every six months based on the consumer price index from the US Bureau of Labor …

Here’s where financial advisors say I bonds may work in your portfolio Read More »

I bonds to deliver a record 9.62% interest for the next six months

I bonds to deliver a record 9.62% interest for the next six months

Marko Geber | Digital Vision | Getty Images If you’re eyeing ways to fight swelling prices, I bonds, an inflation-protected and nearly risk-free asset, may now be even more appealing. I bonds are paying a 9.62% annual rate through October 2022, the highest yield since being introduced in 1998, the US Department of the Treasury …

I bonds to deliver a record 9.62% interest for the next six months Read More »

My stepfather died.  He inherited my late mother's estate and always said he'd take care of us in his will.  How do I tactfully broach this issue with his children?

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children?

Dear Quentin, My former stepfather passed away a month ago. He was married to my mother in Nevada at the time of her passing 21 years ago. During their marriage she gave him quite a bit of money from her retirement fund to buy and upkeep properties that he/they owned. When she passed away, her …

My stepfather died. He inherited my late mother’s estate and always said he’d take care of us in his will. How do I tactfully broach this issue with his children? Read More »

Worried about rising inflation?  Nearly risk free I bonds may soon pay 9.62%

Worried about rising inflation? Nearly risk free I bonds may soon pay 9.62%

eatgrunge | Istock | Getty Images Less risk often means lower returns. But that’s not the case with I bonds, an inflation-protected and government-backed asset, which may soon pay an estimated 9.62%. I bonds currently offer 7.12% annual returns through April, and the rate may reach 9.62% in May based on the latest consumer price …

Worried about rising inflation? Nearly risk free I bonds may soon pay 9.62% Read More »

78% of workers are ignoring 'the greatest money-making asset'

78% of workers are ignoring ‘the greatest money-making asset’

Saving for a secure retirement requires a number of money-smart strategies coming together, and in the eyes of workers, some factors seem more integral to success than others. Topping the list in a recent survey from Principal Financial Group: getting a matching contribution from your employer in your 401(k) plan. Nearly two-thirds — 62% — …

78% of workers are ignoring ‘the greatest money-making asset’ Read More »