Social Security provides a foundation of income on which workers can build to plan for their retirement. It also provides valuable social insurance protection to workers who become disabled and to families whose breadwinner dies.
America’s Baby Boomers are at the threshold of the most widely heralded passage into retirement of any generation. Maturing into seniorcitizen status brings to the forefront major concerns for their financial security and wellness.
The dot-com crash haunts the memories of many of the more seasoned investors on Wall Street, and this year’s stock market rout is conjuring up some serious déjà vu.
The S&P 500 has gotten obliterated in a widespread sell-off this month, and the benchmark index is likely to drop even lower if the economy experiences a return to 1970s-style stagflation, according to Bank of America analysts.
The stock markets are in for a grim summer with the Nasdaq Composite and S&P 500 in for huge slides, according to Guggenheim's Scott Minerd.
Craft Ventures co-founder and general partner David Sacks warned on Thursday that the U.S. is headed for a "very serious" recession later this year as markets have been experiencing the "worst downturn since the dot-com crash."
Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach.