Retirement

Pexels.com Millennials aren’t strangers to economic recessions. Earlier this month the Wall Street Journal surveyed a majority of economic forecasters, and more than half predicted U.S. economic expansion would end in 2020. This means the private-sector economists believe the next recession will occur in approximately two years. Recessions are notoriously difficult to predict, and sometimes
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An IRS Form 5305, Simplified Employee Pension — Individual Retirement Accounts Contribution Agreement (AP Photo/Jenny Kane) Michael Kitces’ 2012 article, “In Defense of the 70% Replacement Rate,” examines the validity of the personal financial planning industry’s 70-80% replacement-rate target. Kitces points out that the income-replacement ratio is really a spending replacement ratio – the ratio
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Shutterstock By now you may have heard about the huge dividends and soaring price gains offered by closed-end funds (CEFs). But here’s something that will probably surprise you: you can lock in even bigger—and safer—income streams (I’m talking 7%+ dividends), plus massive upside with smaller CEFs. I know that sounds counterintuitive, and quite the opposite
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Photographer: Andrew Harrer/Bloomberg In SOUTH DAKOTA v. WAYFAIR, INC., ET AL., the Supreme Court ruled today that states can force online businesses to pay sales taxes whether or not they have “nexus,” which, roughly speaking, means having a physical presence in the state. I have a small online business, www.economicsecurityplanning.com, which sells personal financial planning
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Shutterstock These exchange-traded funds own equities from diverse emerging markets: Brazil, Russia, India, China and others. Growth will, or should be, rapid in countries that are just now creating a big middle class. But economic growth translates very imperfectly into stock market returns. There’s no reason that the fruits of expansion have to accrue to
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Shutterstock Each year, when it’s time to enroll and change up your employee benefits, do you find yourself wondering how much you should be putting into your 401(k), whether you should contribute on a pre-tax or Roth basis, and what actual investments you should use? Do you ever wonder what your colleagues are doing? If
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A team of five biomedical engineering undergraduates at John Hopkins University (JHU) plan to manufacture and sell a device that they say would achieve the same effect as nasal reconstructive surgery for sufferers of chronic nasal obstruction – a condition that affects tens of millions of Americans. Dubbed Team AssistENT, the five students – including
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