Ben Steverman
Personal finance reporterBen Steverman is a personal finance reporter at Bloomberg.
Ben Steverman is a personal finance reporter at Bloomberg.
The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.
Only 4% of U.S. retirees are waiting until they turn 70 to claim benefits, the age when payments reach their maximum level.
The White House has made fiduciary part of investors' vocabulary.
Never make a major decision after a funeral, the financial advice goes, because grief can warp judgment. And much of the country might as well be wearing black.
Advisers are betting that the president-elect’s promised tax cuts will come as early as next year, and they’re telling wealthy clients to move now to make the most of it.
A tax bill passed in 2017 normally would go into effect in 2018, but the fear is that it could be retroactive, which happened once before under a President Clinton.
Failed marriages for aging baby boomers has doubled, forcing them to work longer and impacting financial planning, sometimes in the wrong way.
The surge of women in the workforce in the 1970s and 1980s means that they have job skills, connections and careers that they can continue to pursue, says Ben Steverman.
These funds were once an insult to investors who prided themselves on picking the best stocks out of thousands.
Under the current estimate, 2034 is the year when the administration can no longer pay full benefits. But the program should still be able to pay three-quarters of benefits at that time and for decades afterward.