The number of Americans aged 90 and older almost tripled between 1980 and 2010 and is expected to quadruple by 2050.1 This trend reflects the fact that life spans have been increasing steadily since 1900 (see chart). Of course, life expectancies represent the average number of years someone of a certain age is expected to live. You […]
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The London Interbank Offered Rate, commonly known as Libor, has been in the news this year because of allegations that a number of banks tried to manipulate it during the 2007–2009 financial crisis. If you are not familiar with Libor, you may wonder what it is and how it might affect your own financial situation. […]
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The beginning of the year is a time when many people reflect on the past and look forward to the future. It may also be a good time to review your beneficiary designations to make sure they reflect your current wishes. This is especially important if there have been changes in your life, such as […]
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The Patient Protection and Affordable Care Act (ACA) has been the subject of speculation and uncertainty since it was passed by Congress in 2010. Nonetheless, the law’s provisions have been enacted according to a specified timetable, and after surviving legal and political challenges, the ACA enters a pivotal phase of implementation in 2013. This may […]
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Not long ago, small businesses may have found it difficult to compete with larger companies, especially those with the financial resources to develop or purchase more advanced technology. In the last couple of years, however, innovative and relatively inexpensive apps for tablet computers may have helped some small businesses save time, increase productivity, and reduce […]
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It may not be pleasant to think about the possibility of being unable to take care of yourself, but about seven out of ten people over age 65 are expected to need some form of long-term care during their lifetimes.1 Many people might be able to stay in their own homes and receive care […]
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More than one-third of retirees lack confidence that they will have enough money to live comfortably throughout their retirement years.1 Committing to a savings strategy during your working career could go a long way to help alleviate this concern, but it’s also important to make sound decisions when withdrawing assets from the portfolio you worked so […]
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As of March 1, 2013, paper Social Security checks will be a thing of the past, and all retirement and disability payments (with minor exceptions) will be made electronically. Beneficiaries may choose to receive their monthly payments by direct deposit to a bank or credit union account or to a Direct Express® debit card. The […]
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As an investor, you probably own mutual funds and have an understanding of how they work. However, you may not have considered that the vast majority of mutual funds are open-end funds that don’t restrict the number of shares but rather issue and redeem them in response to investor demand.1 You might want to expand […]
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The American Taxpayer Relief Act of 2012, approved by Congress on January 1, 2013, left current income tax rates in place for most households. However, it raised taxes on high earners for the first time in about 20 years.1If a deal had not been struck, federal income taxes were scheduled to return to higher pre-2001 […]
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