Financial Abuse of Elderly Mushrooming, What to Do Now to Protect Yourself

Elder abuse perpetrated by financial scams are on the rise, to the tune of about $37 billion dollars every year. According to a study by New York State’s Office of Children and Family Services, over 5 million senior citizens are victimized by financial scams. The study’s authors called the figure “grossly underestimated.” For every instance […]

Survey Backs Bond King Gundlach’s Call to Own Gold Ahead of ‘Massive’ Buying Base

According to a recent report, gold is expected to deliver an unprecedented price performance in 2018 and beyond. The Gold Survey 2018, published by the GFMS Metals Research, a unit of Thomson Reuters, says that uncertainty in the markets is fueling the yellow metal’s safe-haven character, leading to an increase in investments in gold bars […]

How Much You Will Pay for Healthcare in Retirement, Beyond Medicare

A report by Fidelity Investments reveals that a healthy couple retiring in 2018 need more than $280,000 to cover post-retirement medical expenses. That number is an increase of nearly 2% over 2017, when it was $275,000, yet the smallest increase in post-retirement medical expenses since 2014. The rising costs in post-retirement medical expenses can be […]

Is Your State On the Hook for Billions in Unfunded State Worker Pensions?

Thanks to overly optimistic projections and plain old politics, a number of U.S. states cannot keep up with pension payment promised to millions of public sector employees. From 2015 to 2016, the pension payout shortfall owed by states grew by more than $295 billion dollars, reports the Pew Charitable Trusts. Currently, most American states that owe pension […]

A Dangerous Recession Warning, Long Dormant, Suddenly Reappears

Yield-starved investors once flocked to dividend-paying stocks. Now the tide appears to be turning. That could signal a recession, and soon. Given the relatively low coupon rates for high-grade bonds, retirement investment portfolios have been heavily weighted toward riskier equities. Many S&P 500 companies were paying generous dividends to their shareholders, making the shares of […]