Personal Finance
The COVID-19 pandemic has not only created health challenges but also serious economic disruption and job losses. The lack of adequate actionable scientific information and the element of surprise has people, companies and the government reeling. Once normal existence has become intensely difficult for people in all walks of life. In the wake of the […]
Even a cynic recognizes that opportunity is a key to prudent business timing. Consider home buying. If you’re in the market for a new home, and are informed and discerning according to need, now might be the best time to buy. Because of mandatory lockdowns, rising unemployment and COVID-19 panic, mortgage applications fell by 24% […]
Congress recently passed the SECURE Act, which made substantial changes to many of the existing regulations governing qualified retirement savings plans. Presumptive Democratic presidential nominee Joe Biden has offered several proposals to change the manner in which current worker retirement plans, including Social Security, are structured. Specifically, the Biden plan would implement changes to the […]
Are you committed to investing a part of your monthly income towards retirement? You can insulate your financial future against unforeseen emergencies and economic risks if you use an automatic investment plan (AIP) to ensure consistency in your retirement contributions. An AIP is like putting your investments on auto-pilot. Automatic investment plans are investment programs […]
According to a 2017 FBI Internet Crime Report, individuals and companies lost over $5.5 billion between 2013 through 2017 due to email phishing scams. Email phishing scams are deceptive emails designed to trick people into revealing private financial information or sending money. These scams are so successful for scam artists because they depend on victims […]
The Razzies are the tongue-in-cheek counterpart to the Academy Awards. As the Oscars rewards creative achievements in filmmaking, the Razzies honors underachieving and badly acted films. It turns out that 2020 might be a big year for the next Razzie nominations. That’s because even renowned Hollywood superstars like Robert Downey Jr., Harrison Ford, and Blake […]
In the United States, the richest 1% controlled more than 40% of the wealth in 2016. The last time wealth inequality gaps were this wide was during the Great Depression. You don’t have to just assume things are unequal. Global economists actually track the gap and tally it annually. The Gini Index is an economics […]
That may be because there are now more rich people in the United States than ever before. What changing is what they are willing to spend money on — such as increasingly pointless displays of wealth. David M. Thompson is the managing director for Phoenix Marketing International, which tracks data analytics related to the markets […]
We all want to be successful at what we do and become rich. Not many, however, actually manage to do so. Why do so many people fail at what they do? Why do they struggle to improve their financial situation? Why are they not able to become rich, despite their best efforts? If you aspire […]
Even though the country is moving toward erasing the gender boundaries, there are some things where women and men have to acknowledge they are different. Retirement planning is one of them. Research has shown that women in general are better investors. Data going back years show that their aversion to risk usually leads to better […]
