What Do People Have Against Retirement Income?
Over the past few years, economists have expended a lot of time and energy attempting to explain what they call ” the annuity puzzle.” The puzzle is this: A guaranteed lifetime income is a valuable thing (especially if it comes with regular cost-of-living adjustments), and people who receive one through a traditional state or corporate pension are generally very happy with it.
Retirement: Time To Abandon The 4% Rule
With the prolonged era of historically low interest rates artificially created by central banks, retirement savers have been forced out of conservative assets like Treasury bonds, CDs, and high-grade bonds and pushed into riskier assets like growth stocks and junk bonds.
Market will be 10 percent higher in 2020 than 2019: Gradient Investments’ Mariann Montagne
Mariann Montagne, Gradient Investments, and Rich Weiss, American Century Investments, join ‘The Exchange’ to discuss if market valuations are turning more profitable.
Markets reached new highs on Thursday boosted by reports the US & China were ready to announce a trade deal. Once the deal was broadcast on Friday, markets were little changed. See Economic Data below for details. The S&P 500 rose 0.77% for the week, with the Russell 2000 up 0.30% and the NASDAQ up 0.93%.
