- Pandemics Depress the Economy, Public Health Interventions Do Not
MIT Sloan study shows public health interventions in COVID-19 Pandemic could lead to faster economic recovery
The COVID-19 pandemic has raised critical questions about the impact of public health responses on the economy. An important issue for policymakers is whether current interventions like social distancing have economic costs.
read more - Are HSA Investors Born Or Made?
Both...And familiarity with the mechanics of the account often propel owners toward investing
A new EBRI study has found only about 6 percent of accountholders invest their health savings accounts (HSAs), despite unique tax benefits extended to them. Those investors, the research finds, appear to be inherently prone to invest but can also be educated to invest.
read more - What are the Odds of a Depression, Given the Current Circumstances?
Look to the technology sector to lead a recovery
Dr. Tenpao Lee, economist and economics professor at Niagara University (quoted recently in MSN Money and other publications), says if a depression hasn't occurred by now, we're probably looking at a recession that will last at least through the rest of this year.
read more - Recession Length Depends on COVID-19 Path
U.S. growth, spending expected to slow dramatically in Q2
In this episode of AMBestTV, Ann Modica, economist, AM Best Rating Services, said U.S. growth is expected to slow dramatically in second-quarter 2020, as is consumer spending, exports and other macroeconomic factors...
read more - Retirement Investors Holding the Line During Market Correction
Majority of savers in defined contribution plans are not planning to take drastic actions
Americans in defined contribution retirement savings plans are largely maintaining their investment positions and not taking overly drastic actions in response to market volatility caused by the COVID-19 (coronavirus) outbreak, show new studies from Empower Retirement.
read more - FSI Applauds Inclusion of Retirement Savings Provisions in Coronavirus Relief Package
Brown: Main Street Americans should have the ability to access and manage their savings and investments
Today, the U.S. House of Representatives passed a spending package providing relief to the millions of Americans impacted by the coronavirus (COVID-19) pandemic.
read more - Is it Possible to Keep Your Retirement Plan on Track in Volatile Times?
An actuary provides counsel for those in various life stages
By Dennis Ho
As markets continue to plunge and uncertainty about the impact of COVID-19 remains, the health of our retirement funds is adding to the concerns many of us are facing. Rest assured there are action most of us can take, even during these difficult times, to make sure our retirement plans remain on track.
read more - Americans are Rattled over Recent Market Volatility but Trying to Stay the Course
Quarterly study from Allianz Life finds consumers fretting over market risks to investments and retirement savings
With the stock market experiencing some of the biggest swings in history and the bull run officially over, Americans are concerned that the worst is yet to come. But the good news is, they are not panicking quite yet.
read more - When Clients Ask: How Can I Make My Retirement Savings Last?
Withdraw only 4% to 5% from savings yearly, with adjustments for inflation
After decades of saving, it's time to start spending once you enter retirement. But how much can you safely withdraw each year without needing to worry about running out of money? The answer is critical, as retirement can last 25 years or more these days, so you need a strategy that's built for the long…
read more - Innovate: Early SSI Retirement Benefits As COVID-19 Solution
California financial advisor Ric Edelman calls on Congress to permit temporary start of benefits -
Asks for policy shift to provide income to those in or near retirement during the COVID-19 crisis
Congress must pass legislation immediately to permit Americans age 62 and older who have not yet started receiving Social Security retirement benefits to do so – and to then stop receiving their benefits when the COVID-19 crisis ends, says financial advisor Ric Edelman, founder of Edelman Financial Engines, an independent financial planning and investment advisor1…
read more - After The Close… Part II
A Senate bill remains elusive, as the Fed steps in once again with support
There is little precedent for where we stand today. Coming off one of the most challenging weeks since October 2008, stocks continued their trend lower today.
read more - More Coronavirus Volatility
As markets slide, Fed expands credit access
The stock market suffered through another volatile week as it wrestled with the health and economic fallout of the domestic spread of the coronavirus. Swift and decisive actions by the Federal Reserve and policy responses from the federal government did not keep stocks from recording losses for the week.
read more - Empower Retirement Urges Congress to Enact Disaster Relief for Retirement Savers
American savers need help during unprecedented time of COVID (19) and market volatility
Empower Retirement is asking the U.S. Department of Treasury and the Internal Revenue Service for regulatory guidance and relief packages for Americans saving for retirement.
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