Sat, 21 Jan 2017 11:55:00 -0500The stock market did well under Barack Obama, and it stands to keep going under Donald Trump. The key is the slow and steady pace of economic growth, not too fast or slow.
Fri, 20 Jan 2017 16:19:00 -0500This Next Avenue Influencer in Aging hopes the U.S. government will adapt policies to reflect the aging society.
Fri, 20 Jan 2017 16:19:00 -0500
The new Milken Institute’s Best Cities for Successful Aging rankings has selected its Top 10 for people 65 and older. The winners are selected from the 100 largest U.S. metropolitan areas that score best on 84 data indicators in eight categories, ranging from financial to health care to community engagement. This year’s No. 1: Madison, Wisc. The following slideshow has details on each of the Top 10.
Madison, home to the University of Wisconsin, leads the Milken Institute Best Cities for Successful Aging rankingsfor its high employment growth and low poverty rate for older adults; a low crime rate; quality health care; intellectual engagement at UW; low rates of smoking, falls and diabetes among older people and an abundance of recreational and fitness activities.
With five Fortune 500 companies, Omaha has a low jobless rate overall and high employment among older residents, in particular. The Milken Institute says Omaha’s cost of living is “reasonable” and its commute is “short-ish.” This metro area is laden with healthcare facilities and professionals. It’s big on volunteering; in fact, Omaha ranked No. 1 for community engagementamong all big cities.
Provo, which ranked No. 1 in the previous Milken Institute rankings in 2012, has been a magnet for older people in recent years. It scored well due to its residents’ healthy, engaged lifestyles and safe environment. No surprise, Provo has low smoking and binge drinking rates. It also has the fewest number of diabetes cases among the 100 biggest metros. Also, the Milken Institute says Provo is one of the top areas for volunteerism.
The biggest city in the Top 10, Boston was a winner for strong scores in many categories, especially health care (though it gets dinged for high costs). Boston is buzzing with doctors, physical therapists and orthopedic surgeons; one reason it also ranked No. 2 in the Milken Institute’s rankings for people 80+.Beantown also has “lots of 65+ employed adults,” says the Milken Institute, and has a “vibrant intellectual environment,” due to its 100+ colleges and universities. Getting around is easy; there’s a high usage of public transportation and ample special-needs transportation.
Utah’s capital is economically solid, according to the Milken Institute and has high employment among its older population. Residents looking to beef up their skills or switch careers can tap into the many retraining offerings at local community colleges. Salt Lake City also has a high density of home health[...]
Fri, 20 Jan 2017 09:30:00 -0500Today’s column examines widow(er)'s benefits, a potential filing strategy and spousal benefits.
Fri, 20 Jan 2017 09:12:00 -0500Trump may have a stealth health plan to offer universal coverage. Will he follow through?
Fri, 20 Jan 2017 08:33:00 -0500History looks unfavorably on stocks given the incoming President, but there is some good news. Sam Stovall, chief investment strategist at CFRA Research explains to Forbes contributor Simon Constable.
Fri, 20 Jan 2017 08:00:00 -0500If you have a student loan serviced by Navient, here's what you need to know.
Thu, 19 Jan 2017 16:08:00 -0500Unfortunately, the Internal Revenue Service (“IRS”) does not allow you to keep retirement funds in your account indefinitely. The required minimum distribution rules (“RMD”) were created in order to guarantee the flow of IRA funds into the federal income tax system as well as to encourage IRA owners to use [...]
Thu, 19 Jan 2017 15:41:00 -0500Mary Jo White, outgoing chairman of the SEC, listens during a Senate Banking, Housing and Urban Affairs Committee hearing in Washington, D.C., U.S., on Tuesday, June 14, 2016. Photographer: Andrew Harrer/Bloomberg The Securities and Exchange Commission recently announced its Office of Compliance Inspections and Examinations’ 2017 examination priorities. Public pension advisers [...]
Thu, 19 Jan 2017 14:55:00 -0500The two most germane statements Treasury Secretary nominee Steven Mnuchin made for global investors during the early parts of testimony surrounded the U.S. dollar and the U.S. debt ceiling.
Thu, 19 Jan 2017 14:55:00 -0500
From business tycoon to presidential frontrunner, here are some of the Donald's biggest milestones.
Though Donald Trump had joined the family business (here he is pictured with his father, Fred) when he graduated from Pennsylvania's Wharton Business School in 1968, he doesn't regain control of the real estate development company until 1971.
Donald Trump marries his first wife Ivana in 1977. The pair would have three children, Donald Jr., Ivanka and Eric, and separate in 1990. A divorce is finally settled in 1992.
Upon completion in 1983, Trump Tower on 5th Avenue becomes Manhattan's tallest all-glass structure. It houses luxury condominiums, offices, stores and restaurants.
Trump purchases the 126-room Mar-a-Lago landmark in Palm Beach, FL in 1985 and opens it as a private club a decade later.
It is the location for his wedding to third wife, Melania Knauss, in 2005.
Donald Trump's first book "The Art of the Deal" is released in 1987. It reaches#1 on the New York Times Bestseller list and holds a position on the list for 51 weeks.
Trump's airline, Trump Shuttle, operates from1989 to 1992. It never turns a profit and is sold off to US Airways.
In 1990, Donald Trump opens the $1 billion Trump Taj Mahal Casino Resort in Atlantic City, N.J. One year later, the venture would file for Chapter 11 reorganization after accumulating $3 billion in debt.
Meanwhile, Trump reportedly racked up nearly $900 million in personal liabilities. Hegives up half his personal stake in the casino and sells his yacht and airline.
Donald Trump acquires New York's Plaza Hotel in 1988 for a price of$390 million. By 1992, the hotel sits $550 million in debt. Trump keeps his title of CEO as he gradually sells off his ownership.
Donald Trump remarries in 1993 to Marla Maples, who he was rumored to be having an affair with while still married to Ivana Trump. The two have a daughter, Tiffany. They divorce in 1999.
In 1995, Trumptakes Trump Hotels & Casino ResortsInc. public on the New York Stock Exchange after raising $140 million. The stock's ticker? Trump's initials: DJT.
Nearly ten years later, the stock crashes and the company files Chapter 11 bankruptcy.
Trump purchasesthe Miss Universe Organization (which includes Miss Universe, Miss USA and Miss Teen). Refusing to say how much he paid, Trump says, "It's a very, very great entertainment format. It gets very high ratings, it's doing very well and we'll make it even better.''
Trump would co-own the pageants with NBC until September 2015. He bought out NBC's entire share to become the sole owner, and so[...]
Thu, 19 Jan 2017 09:48:00 -0500With President-elect Donald Trump getting ready to take office and the stock market reaching all-time highs, how are retirees and financial advisors feeling about 2017? The American College of Financial Services released a 2017 survey that focused on how the election and all-time market highs are impacting consumers and retirement [...]
Thu, 19 Jan 2017 09:30:00 -0500Today’s column explores the effects of continuing income, the Windfall Elimination Provision, benefit availability, retroactive benefits and Railroad Retirement Board benefits.
Thu, 19 Jan 2017 09:24:00 -0500Before we can discuss bonds in depth, it is important that we establish a common understanding of what bonds are and how they work.
Wed, 18 Jan 2017 20:21:00 -0500Your "must-have" 2017 stock picks.
Wed, 18 Jan 2017 19:24:00 -0500For baby boomers, the largest generation in U.S. history before the millennials, 2017 will begin a process where hundreds of billions of retirement dollars will be required to be taken as taxable distribution under the Internal Revenue Service’s required minimum distribution (“RMD”) rules.
Wed, 18 Jan 2017 15:29:00 -0500Finances aside, the decision on when to retire is a tricky one mentally.
Wed, 18 Jan 2017 15:27:00 -0500Republicans are stuck. They vowed to repeal Obamacare, yet have no replacement. The Purple Health Plan is the ideal reform. It gives everyone uniform basic coverage with multiple providers at a nationally affordable price. It fixes the core problem in health insurance and is highly progressive.
Wed, 18 Jan 2017 12:10:00 -0500The first two years of a Republican President’s term show a long and lousy record. Sam Stovall, chief investment strategist at CFRA Research explains to Forbes contributor Simon Constable.
Wed, 18 Jan 2017 11:53:00 -0500Shutterstock It costs families more to care for a frail older adult than to raise a child for the first 17 years of her life. Yet, while the government routinely provides a broad range of assistance and free services for children, it offers only limited benefits for those needing long-term supports [...]
Wed, 18 Jan 2017 11:17:00 -0500Ashton Applewhite, the Next Avenue 2016 Influencer in Aging, discusses how ageism is one of the many ways in which we can unite in a difficult time.
Wed, 18 Jan 2017 09:30:00 -0500Today’s column examines spousal benefits, obtaining records of benefit payments, the effects of incarceration on benefits, how disability benefits affect other benefits and sequencing benefits.
Wed, 18 Jan 2017 09:19:00 -0500Trump's "Insurance for Everybody" Looks Curiously Familiar. Here's what it could look like.
Tue, 17 Jan 2017 14:45:00 -0500Eric Ervin, CEO of Reality Shares, shares top DIVCON stock picks for 2017. See what's under the hood in some of Reality Shares' strategies.
Tue, 17 Jan 2017 13:39:00 -0500This financial adviser offers advice on where to go to get the best, safest returns on savings.
Tue, 17 Jan 2017 13:00:00 -0500There is a lot of advice out there about how to invest your money. But before you invest, you should have a better understanding of how your money works. Understanding the difference between cash, savings, non-qualified and qualified money is a basic fundamental to investing. Learn more now!
Tue, 17 Jan 2017 10:42:00 -0500Bonds can be a valuable tool in any retirement income plan, thanks to their low volatility, but how should you go about incorporating them?
Tue, 17 Jan 2017 10:33:00 -0500You don’t get a do-over when it comes time to retire. That’s why it’s critical to have your retirement plan in place earlier rather than later.
Tue, 17 Jan 2017 10:23:00 -0500Today’s column looks at the potential effects of public pensions, restricted applications, multiple exes and widow(er)'s benefits.