Spain plans to reduce the fiscal burden of its national pension by dropping cost-of-living increases. Retirees will need to offset the loss of purchasing power with other savings. But the DC system here is in its infancy. (Photo of Seville's Metropol Parasol by K. Pechter.)
When interpreting the recent market lurch, many will think back to 2008. But a better historical precedent for current conditions is Black Monday: October 19, 1987, writes our guest columnist, the famed macroeconomist.
The industry 'remains plagued by macroeconomic and regulatory factors' as well as 'lackluster sales, rapidly evolving technological requirements and changing consumer preferences and behavior,' the ratings agency said in a new report.
Investors ages 30-39 and older investors with $2 to $5 million to invest showed the greatest enthusiasm for pure digital offerings, the research firm said.
In 1976, Jude Wanniski recommended the 'Two Santas' strategy, whereby Republicans would be as generous with tax cuts as Democrats were with spending. The Trump tax cut is only the latest unaffordable Christmas gift, writes our guest columnist.
“Contrarians should consider favoring U.S. equities over non-U.S. equities now,' the alert from the Los Angeles-based investment research firm said.
Securities America adds two new advisor groups; Transamerica Center for Retirement Research promotes Saver's Credit; new book from Wolters Kluwer explains new tax law; Great Western fee-based FIA joins Quovo platform; Securian adds a financial wellness service.
High number of investors are overweight in equities, despite, also, stating that equities are overvalued.