New findings from the New York Federal Reserve reveal that millennials have now racked up over US $1 trillion of debt.
This troubling amount of debt, an increase of over 22 percent in just five years, is more than any other generation in history. This situation may leave you wondering how millennials ended up in such a sorry state.
You should expect gains and losses in every asset class you own
The turmoil witnessed by investors in Boeing in mid-March 2019 sadly demonstrated the benefits of diversifying your assets.
Boeing’s stock price dropped over 10% in two days and then sharply again after President Trump ordered the grounding of all 737 Max planes in the US.
After years of saving and planning for their golden years, many people nearing retirement fail to consider the tax burden they may face on income they receive after they stop working. While you will likely see a reduction in the amount of taxes you owe after the age of 65, you still need to plan ahead if you want to minimize your tax bill from the IRS.