Bear Market Strategies for Retirees

Those who take regular distributions from their accounts should avoid selling into bear market lows and locking in market losses, resulting in long-term portfolio damage. Baby boomers must protect their portfolios to make it through a bear market with minimal damage to their retirement savings.

Stocks Surge as Cannabis Stocks Skyrocket on DEA Reclassification Reports

Phoenix, Arizona – Cannabis stocks experienced a significant surge following reports about the potential reclassification of marijuana by the U.S. Drug Enforcement Administration (DEA). The DEA’s proposal revolves around acknowledging marijuana’s medical benefits and recognizing its lower potential for abuse compared to other drugs like heroin and LSD. Currently categorized as a Schedule I drug, marijuana could potentially move to a less restrictive Schedule III classification, indicating moderate to low potential for physical and psychological …

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Investing: Pension funds shift billions away from stocks, signaling market turbulence

New York, NY – Pension funds in the United Kingdom are facing a wave of challenges as retirement obligations mount and investment strategies come under scrutiny. Recent reports suggest that pension funds are shifting their focus away from stocks, with Goldman Sachs warning of the implications this could have on the market. The shift away from stocks is a significant development that could have far-reaching consequences for both pension funds and the stock market as …

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Retirement Planning: Boost Income Streams Beyond CPP with GICs and Dividend Stocks

Toronto, Canada – The Canada Pension Plan (CPP) provides a taxable monthly retirement benefit to help replace a portion of individuals’ employment income after they retire. Typically, individuals can start receiving the CPP at the age of 65. However, the Canada Revenue Agency allows for early payouts starting at age 60 or delaying until age 70. When individuals choose to advance the CPP payment, the payout reduces by 0.6% each month. Conversely, delaying the payment …

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Aging Society Set to Boost Stocks and Real Estate, Experts Say

NEW YORK – As the population continues to age, there are opportunities for growth in both the stock market and real estate sector. The trend is a result of the increasing number of elderly citizens who need to downsize or transition into retirement communities. This shift is expected to drive demand for senior housing and medical facilities, as well as create opportunities for investment in pharmaceutical companies and healthcare services. According to analysts, the growing …

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Insurance Stocks Take a Hit as Medicare Increases Rates by 3.7%

Orlando, FL – The Centers for Medicare and Medicaid Services (CMS) recently approved a 3.7% payment rate increase for Medicare Advantage plans for the 2025 calendar year. This decision had a significant impact on leading health insurance managed care stocks, causing a sharp decline in stock prices for companies like Humana, CVS Health, and UnitedHealth Group. Investors were surprised by the modest 3.7% rate increase, as many had anticipated a larger hike to help offset …

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Insurance Stocks Plunge as US Regulators Hold Firm on Medicare Payments

New York, NY – Health insurance stocks experienced a significant drop in late trading on Monday following the unexpected decision by US regulators to keep payments for private Medicare plans steady for 2025. This move by President Joe Biden’s administration marks a departure from recent practices, catching Wall Street off guard. According to research from JPMorgan Securities analysts, final rates have typically improved from regulators’ initial proposals over the past decade, making this decision a …

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Undervalued Korean Stocks to Get $8.2 Billion Boost from National Pension Service

Seoul, South Korea – South Korea’s National Pension Service (NPS), known as the world’s third-largest pension fund, is gearing up to inject up to 11 trillion won ($8.2 billion) into undervalued Korean stocks. This move comes as part of a broader initiative by the government to elevate the country’s sluggish stock market. According to sources within the investment banking industry, discussions are underway between the Korea Exchange (KRX) and NPS to establish a new index …

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Nvidia Grace Hopper Superchip Sends US Stocks Skyrocketing to Record Highs

New York – U.S. stocks surged to new heights on Thursday following the impressive earnings report from Nvidia, the third-largest company on Wall Street. The stock market was bolstered by this news, with both the S&P 500 and Dow Jones Industrial Average reaching new record highs, and the Nasdaq coming close to its own all-time high. The Dow closed the day 457 points, or 1.2%, higher, while the S&P 500 gained 2.1% and the Nasdaq …

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How Do Americans Really Save for Retirement?

Diversifying your retirement portfolio is always good, but do we do it? From August 9-11, 2022, GOBankingRates polled 997 Americans ages 18 and older to determine what they are investing in for retirement. The survey included 16 questions regarding various financial matters, with one, in particular, focusing on the assets in respondents’ retirement accounts. Multiple responses were permitted based on each survey respondent’s portfolio components. The results were filtered using several different criteria, including age …

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