Many professionals have sounded the alarm about a possible recession in 2023 for quite some time. A recession is scary for retirees because nobody can predict if or when it will occur.
A rise in withdrawals from retirement accounts might herald the potential for reverse lenders. As inflation strains budgets, Seniors are starting to contemplate reverse mortgages. People 62 and older can convert part of their equity in their homes into cash with a reverse mortgage.
PHOENIX, Arizona – A recent survey conducted by the Nationwide Retirement Institute has revealed that retirees are most concerned about inflation and potential Social Security benefit cuts. This study was further emphasized by the Harvard CAPS-Harris poll, which indicated that immigration was the top concern for over a third of Americans surveyed. The link between inflation, Social Security, and immigration is a complex one, with far-reaching implications for retirees and the future of the Social …
In recent months, we have all felt the impact of inflation, whether in a grocery store, a petrol station, or a restaurant. However, growing costs threaten not only our ability to spend now, but also our ability to fund our retirement.
WASHINGTON, DC – The latest report from the Labor Department demonstrates a surge in job growth and wage gains, pointing to a robust start for the US economy in 2024. January saw a significant increase in employment, with wages rising well above expectations. The strong job gains were widespread across various sectors, marking a healthy sign for the labor market. The report revealed that professional and business services, health care, retail trade, government, and social …
In the last several decades, retirement planning has seen a significant transformation. As a result of enhanced health care, people are living longer, and prices have climbed drastically across the board.
One further negative effect of inflation is that fewer people are putting money down for retirement. Everything from the cost of food, car repairs, and electricity has been impacted by inflation. Now inflation is beginning to chip away at people’s ability to save for retirement.
London, United Kingdom – Inflation rates have soared to 4.0 per cent, well above the Bank of England’s 2 per cent target, shocking economists who had predicted a decrease. This rise in inflation, coupled with a frigid start to 2024, has led to high bills, food prices, and rents, putting a strain on low-income households. According to research from the Joseph Rowntree Foundation, over half of low-income households reported struggling to afford food or heating …
Strong plans for retirement and estates always take into account bad times. We can’t deny that inflation is a big deal these days. It seems like inflation has reached every part of consumers’ lives, from the gas pump to the grocery store to the mall.
2024 in New York, New York is expected to be a year of both excitement and uncertainty, especially for those planning for retirement. With concerns about inflation, interest rates, and a presidential election, it becomes essential to seek expert insights to make well-informed decisions. To address these challenges, a curated network of 230 highly qualified registered investment advisers, or fiduciaries, offers expertise in maximizing savings and investments, minimizing taxes, and ensuring robust estate planning for …