Fixed income is an essential part of every portfolio no matter how conservative or aggressive your approach is. And for retirees, this asset class is exceptionally critical.
The Federal Reserve is attempting to reduce the inflation rate by hiking interest rates. Here's what that means for your portfolio in the years to come.
Inflation is a buzzword that can incite anxiety in even the calmest investor. It's used as a major talking point in business, economics, and politics. And whenever there is a dramatic price increase, discussions on inflation take center stage. But there’s one problem – Not many people truly understand what an inflation rate is.
In today’s market, just about anyone can call themselves a financial advisor. To make matters more complex, there are various credentials an advisor can invest in and use to highlight their expertise and "trustworthiness". So who can you trust?
The prospect of running out of money in retirement is becoming increasingly more likely. Across the US, retirement savings average out to about $255,200 despite the fact that most workers feel they will need $1.9 million.