Even after they retire, affluent Americans are growing wealthier, thanks to the strong stock market.
As more and more baby boomers start eyeing the coastline of retirement, thoughts turn from the daily worry over the Monday-through-Friday commute to concerns about how to fund the golden years. How about your 401(k), IRA and other retirement accounts that make up your nest egg? Do you have a good handle on when to claim Social Security benefits?
For many 401(k) retirement-plan participants, choosing the right fund can be hard enough. It gets even harder when they don’t have the best funds to choose from in the first place. New academic research shows that mutual-fund companies tend to favor their own funds when setting the menus for the 401(k) plans they administer.
When a worker becomes eligible for social Security, other family members may qualify for benefits on that worker’s record, too. Although the family maximum can range from about 150% to 180% of a worker’s full retirement age benefit, the cap is typically 175%, says Jim Blair, a former district manager for an Ohio Social Security office and a partner at Premier Social Security Consulting, in Sharonville, Ohio. If you have two or more benefits coming off your record, the family maximum will apply, he says.
The Supreme Court ruled Monday that Puerto Rico can’t restructure more than $20 billion in public debt as it tries to overcome a decade-long economic crisis. The 5-2 ruling said that federal bankruptcy law bars Puerto Rico from enacting its own law to restructure the debt of its financially ailing public utilities. The decision means the U.S. territory must wait for Congress to pass debt-relief legislation that would address its fiscal woes.
Financial advisors to same sex couples on marriage: not so fast
Housing market trends bode well for sellers this spring, but some may encounter hurdles even after they land a buyer. Rising home values and a lack of inventory in many markets could set them up to receive ...
More than half of Americans are considering working during their retirement, and not simply out of necessity, according to Franklin Templeton's 2015 Retirement Income Strategies and Expectations survey. ...
Irish residential property prices fell for the second successive month in February, dropping 0.4 percent to slow a recovery from a real estate crash. Property prices have rebounded sharply - as much as 14.9 percent - after being cut in half by the bursting of a bubble in 2008. They were the fastest growing in the European Union in the 12 months to end-September 2014, according to the EU's statistics office. The month-on-month drop last month followed the first contraction for 10 months in January, with property prices in Dublin, which led the recovery, falling by 0.7 percent in February to stand 21.4 percent up on a year earlier.
Los Angeles is a sprawling city full of diverse topography, nearly perfect year-round weather and distinct neighborhoods. Whether you prefer the glitz and glam of Beverly Hills or the laid back vibe of Venice, nearly every LA neighborhood has something special to offer its residents. While Santa Monica is beautiful and one of the more walkable areas in Los Angeles, it's also less affordable than nearby Mar Vista. Your rent should be no more than roughly 30 percent of that income, which can be challenging in an expensive city like Los Angeles.
New-home sales rose to a seven-year high in February, the Commerce Department said Tuesday, defying forecasts for a drop amid harsh winter weather. The news boosted shares of homebuilders such as Toll ...
In the US, the National Association of Realtors released its existing home sales figures for February. There was some good news for the housing sector.
The Picerne Group, in collaboration with Rockwood Capital and The Muller Company, have formed a joint venture on a 2.76-acre site to build ELEVEN10 West, a 260-unit multifamily rental community one-block ...
You'd be foolish to think you couldn't be fooled in a real estate transaction. While the majority of sellers, buyers and renters are presumably honest, there can be additional players with skin in the game, from landlords and real estate agents to title agency workers and bankers. As Sacramento real estate broker Alexis Moore observes: "The crooks don't always have on orange jump suits. Joe Rand, managing partner for Better Homes and Gardens Rand Realty, which sells and rents home in New York and New Jersey, says that about once a week, he hears of a renter who saw a house but didn't actually go inside.
Colorado-based Red Dot Storage announced today that it has completed the acquisition of two Stor Trek storage properties located in Richton Park and Monee, Illinois. The two new facilities contain an aggregate ...
House price growth Stateside slowed down in January, to a 0.3% month-on-month rate of rise, according to the Federal Housing Finance Agency (FHFA).