Social Security and Medicare are the cornerstones of most retirement planning strategies. One provides an income stream that you cannot outlive. The other provides health insurance when you are most likely to need it.
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You would think that with the stock market at an all-time high and interest rates at exceptionally low levels, the United States must have its financial house in order. Nothing, however, could be further from the truth.
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The Department of Labor (DOL) decided the rule will go into effect on February 16, 2021, and will publish related guidance soon.
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Your 401k is one of the most significant assets you own. Deciding what to do with it when you leave your employer is a critical financial decision.
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For twenty-odd years, investment spending by companies has lagged, which has caused economic growth to become dependent on consumer spending.
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