Although most individuals have insurance coverage of some kind many don’t realize they are leaving themselves vulnerable to catastrophe by not having the correct type of insurance coverage or even by simply not having enough coverage.
Many couples enter the retirement stage of life, and find, not surprisingly, that their aspirations for retirement differ; sometimes only slightly but other times colossally. Thus, it is important to discuss your expectations with each other before you retire to avoid conflict when you get there.
Cybersecurity is always a hot topic, especially in the financial industry, but the recent Equifax data breach has brought it into the limelight once more. The recent breach of 143 million individual's sensitive information is just one of many that clouds headlines on a regular basis.
Most people, wealthy or not, make an effort to support a philanthropic cause, be it big or small.
Women now comprise 60% of the people receiving Social Security benefits, so it’s easy to say that it is a significant component of any woman’s retirement plan.1 As with many aspects of retirement planning, Social Security can be confusing -- not only to understand, but to implement correctly.
It is very popular right now to blame the worldwide stock market declines on China. Some analysts picked China's recent economic developments; others focused on their stock market decline; others chose to focus on the devaluation of the Yuan. I believe this is an easy, convenient excuse, rather than the core issue at hand. Consider:
On Tuesday, the People's Bank of China (PBC), the country’s central bank, announced a cut in its currency reference rate relative to the U.S. Dollar (USD) by 1.9%, down to 6.23 yuan/USD. This cut was followed by an announcement on Wednesday of another 1.6% decrease to 6.33 yuan/USD.
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