Illustration by Chris Gash
One of the many drawbacks of record-low interest rates is that they have made creating an income stream in retirement significantly more complicated. Retirees and near-retirees can no longer rely on certificates of deposit and U.S. Treasuries to provide reliable, risk-free income. Interest rates are so low that these investments no longer keep up with inflation, which means investors effectively lose money over time. Likewise, the traditional 60-40 portfolio 60% stocks and mutual funds and 40% government bonds has fallen out of favor with some analysts because of the abysmal returns from the bond portion.
That creates a conundrum for older investors who are reluctant to increase their exposure to an uncertain and volatile stock market. But the financial services industry specifically, the insurance industry has an antidote: annuities that provide higher returns than you’ll earn from CDs or government bonds, with limits on how much you can lose in a mark
The New Normal: More advisers are abandoning traditional offices to work from home
After more than a year of working remotely, financial advisers and their clients are embracing the upside of virtual interactions and remote worksites.
May 10, 2021 5 MINS
With the pandemic-induced remote work rules and social distancing now into its second year, a growing number of financial advisers are embracing the idea of working from home as just plain working.
While the forced shutdowns hurt a lot of industries and individual businesses, financial planning in general not only survived but in many ways thrived through the increased efficiencies of virtual interactions.
KXLY
January 12, 2021 8:08 AM Kate Ashford - Forbes Advisor
Posted:
Updated:
January 14, 2021 7:30 AM
Index funds purchase baskets of securities to track the performance of market indexes, like the S&P 500. Index funds are investment and retirement portfolio staples thanks to their low cost and ease of diversification. Here’s how you can get started buying index funds to help you reach your retirement and investing goals.
1. Open a Brokerage Account
You’ll need an investment account to buy index funds. Different kinds of investment accounts are best suited for different types of goals:
Mid- and Long-Term Goals. Taxable accounts allow you to build wealth through investing but require you to pay taxes whenever you receive dividends or make a profit off of investment sales. Taxable accounts are helpful for those looking to reach large money goals before retirement or for those who have already maxed out their retirement accounts for the year.
Channel3000.com
January 12, 2021 10:08 AM Kate Ashford - Forbes Advisor
Posted:
Updated:
January 14, 2021 9:36 AM
Index funds purchase baskets of securities to track the performance of market indexes, like the S&P 500. Index funds are investment and retirement portfolio staples thanks to their low cost and ease of diversification. Here’s how you can get started buying index funds to help you reach your retirement and investing goals.
1. Open a Brokerage Account
You’ll need an investment account to buy index funds. Different kinds of investment accounts are best suited for different types of goals:
Mid- and Long-Term Goals. Taxable accounts allow you to build wealth through investing but require you to pay taxes whenever you receive dividends or make a profit off of investment sales. Taxable accounts are helpful for those looking to reach large money goals before retirement or for those who have already maxed out their retirement accounts for the year.
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