Economy & Markets
The important economic and stock market news that advisors need to know.
How Reforming Social Security, Medicare Can Be Done
By Karl W. SmithThe GOP wants to mitigate rising costs by, among other things, raising the eligibility age for Medicare to 67 for those born after 1960.
November 21, 2022
Waiting to Claim Social Security Can Boost Income by 10.4%: StudyNew analysis finds "virtually all" workers ages 45 to 62 could benefit from waiting to collect the benefit.
November 21, 2022
Bear Market to Last in 2023: Goldman SachsThe view echoes that of Morgan Stanley's Michael Wilson, who said today that U.S. stocks will end 2023 almost unchanged from their current level.
November 21, 2022
4 Bond Moves to Consider Making NowDespite an inverting yield curve, steps like looking at higher yields and extending bond portfolio duration may be worthwhile for advisors and their clients.
November 20, 2022
Higher Rates Mean 'Bonds Are Back:' JPMorgan's Bob Michele"Every wealth-management platform in JPMorgan, every institutional client -- they're coming to us, they're putting money in bonds,"
said the CIO.
November 18, 2022
Industry Groups Press Lawmakers to Pass Secure Act 2.0If Secure Act 2.0 fails to get attached to a budget bill, the sweeping retirement bill "will languish" next year, says ERISA attorney Brad Campbell.
November 18, 2022
Magic Johnson's Firm Powers New Long-Term Care EffortEquiTrust, an insurer Johnson controls, built Assured Allies elder wellness tech into a new annuity.
November 18, 2022
T. Rowe Price Lays Off 2% of Workforce in 'Extremely Challenging' Year"The challenges we have faced are likely to intensify," the firm said.