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Typical person yanked $12,000 from 401(k) during coronavirus pandemic: Vanguard

Typical person yanked $12,000 from 401(k) during coronavirus pandemic: Vanguard

The typical 401(k) saver making a withdrawal due to the coronavirus pandemic pulled out $12,000. That's a slight increase from earlier in the crisis.

5 years ago
How can the U.S. boost retirement planning for minorities? Start with access and education

How can the U.S. boost retirement planning for minorities? Start with access and education

Families of color lag White peers in retirement planning, and the coronavirus pandemic may make this gap even worse. Here's what experts say could help.

5 years ago
The Investments Most of Us Can’t Buy

The Investments Most of Us Can’t Buy

CATO Institute | Jennifer J. Schulp and Caleb O. Brown | Nov 11, 2020 Regular folks don’t have access to a vast array of investments, and that’s because of Securities and Exchange Commission rules. Why is that? Jennifer Schulp explains. "Jennifer Schulp says that it is time for the SEC to give Americans the freedom


The post The Investments Most of Us Can’t Buy first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago
Vanguard says the median 401(k) withdrawal was $12,000 amid coronavirus

Vanguard says the median 401(k) withdrawal was $12,000 amid coronavirus

The typical 401(k) saver making a withdrawal due to the coronavirus pandemic pulled out $12,000. That's a slight increase from earlier in the crisis.

5 years ago
After a 9% gain in 6 days, the stock market is nearing 'overbought' territory, some traders say

After a 9% gain in 6 days, the stock market is nearing 'overbought' territory, some traders say

Some bank stocks are trading at multiples above where they have been for the last couple years.

5 years ago
Here’s how much higher-income Medicare beneficiaries will pay for coverage in 2021

Here’s how much higher-income Medicare beneficiaries will pay for coverage in 2021

For the roughly 8% of Medicare's 62.8 million beneficiaries who pay more for Parts B and D due to their higher income, those monthly surcharges are rising.

5 years ago
Here’s what’s ahead for President-elect Biden’s tax plan

Here’s what’s ahead for President-elect Biden’s tax plan

Whether President-elect Joe Biden's tax plan moves forward will depend on the outcome of two Senate runoff races. Here's what could happen.

5 years ago
401(k) money moves to make now as the stock market rallies

401(k) money moves to make now as the stock market rallies

The recent market rally may have swelled your 401(k) balance, yet this sugar rush isn't sustainable. Instead of trying to time markets, take these steps.

5 years ago
Despite promises, Beam depositors still can’t get access to their money. Now the lawsuits have begun

Despite promises, Beam depositors still can’t get access to their money. Now the lawsuits have begun

Former vendors for Beam Financial, who say they are being unfairly blamed for customers being locked out of their accounts, have taken the company to court.

5 years ago
Renewing the National Strategy for Financial Literacy

Renewing the National Strategy for Financial Literacy

Government of Canada - Let's Talk Financial Literacy | Nov 10, 2020 Five years ago, we launched our country’s first-ever National Strategy for Financial Literacy — Count me in, Canada(External link). It is now time to update the strategy to make sure it reflects the evolving needs of Canadians and our changing world, which includes


The post Renewing the National Strategy for Financial Literacy first appeared on National Crowdfunding & Fintech Association of Canada.

5 years ago
Free college could be a reality under a Biden administration

Free college could be a reality under a Biden administration

President-elect Biden promised to make community college tuition-free.

5 years ago
The Covid pandemic is worse than 2008 crisis for a majority of Americans, study says

The Covid pandemic is worse than 2008 crisis for a majority of Americans, study says

A majority of U.S. adults say the Covid-19 economy is worse than the 2008 Great Recession, according to a Edelman Financial Engines 2020 Financial Insights study.

5 years ago
Op-ed: The pandemic forced advisors to adapt and find new ways to engage with clients

Op-ed: The pandemic forced advisors to adapt and find new ways to engage with clients

The pandemic changed how advisors and their clients do business — to online. Advisors must dedicate time and resources to effectively make this strategy shift.

5 years ago
What a Biden presidency may mean for consumer protections

What a Biden presidency may mean for consumer protections

President-elect Joe Biden will likely prioritize the economic fallout of Covid-19 and get more aggressive with policing Wall Street, experts said.

5 years ago
It could take until January before more coronavirus stimulus relief is finalized

It could take until January before more coronavirus stimulus relief is finalized

Millions of Americans want more government aid amid the Covid-19 pandemic. But more help may not get approved by lawmakers until January.

5 years ago