BruceYenk

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Beginner’s Guide to Marijuana Strains

Cannabis use is on the rise in the United States. A 2018 study notes that, while cannabis use among teens has decreased, American adults are …

Cannabis

Replacing The 4% Rule For Retirees

My article last week cited some of the weaknesses of the “4% rule”, which says that it is probably safe for a retiree to draw an amount every year equal to 4% of the current value of a stock portfolio, rising modestly year by year with inflation. The principal weakness of the 4% rule is that the …

4 Buys With 5.5% Dividends And Low Taxes

Readers often ask me how to build a portfolio that holds its own in down times but hands them more income than the measly 2.6% long-term US Treasuries pay.<p>So today I’ll show you how to do that. With the 4 bargain-priced closed-end funds (CEFs) I’ll show you below, which also boast strong track …

Investing

These Popular Investments Are Supposed to Keep Your Money Safe. Here's How They Can Be Dangerous

Investors pay dearly for the safety promised by fixed indexed annuities.<p>Tony D’Amico noticed something new on television this summer: a surge in …

Retirement

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Retired? How much money should you keep in stocks?

<i>What percentage mix of stocks and bonds should I shoot for with my retirement savings once I retire?--R.M., Michigan</i><p>Considering how many retirees must grapple with this issue and the fact that allocating one's assets between stocks and bonds is a key element of any retirement income plan, you might …

The Easy Way to Make Your Retirement Savings Last

You can make your nest egg last for decades with as few as two index funds<p>It’s one of the most daunting financial challenges you’ll ever face: …

10 best podcasts by women you probably haven't heard — and need to now

Like other forms of media, the podcast industry is largely dominated by white, male voices. Take a quick look at the top 10 podcasts in iTunes, and …

Podcasting

This might be the best advice for stock market investors going into 2016

With the stock market basically flat for the year, it's easy to think that now's an opportunity to cash out of the market and get back in after the next sell-off occurs.<p>Unfortunately, markets are not that predictable. And while it doesn't feel good to lose money when the market falls, it isn't …

Stock Markets

60% of Americans have to retire sooner than they'd planned

So, your goal is to work until you're 65, then head to a condo in Florida where you can spend afternoons on the golf course.<p>But sometimes reality doesn't jibe with your plans.<p>According to a recent study by Voya Financial, 60% of retired U.S. workers said they had to stop working unexpectedly.<p>"It's …

Bonds are getting crushed

Near 1:50 p.m. ET, the Dow was up 71 points, the S&P 500 was up 4 points, and the Nasdaq was up 21 points.<p>Bond yields, which rise when their prices fall, are spiking.<p>The yield on the benchmark 10-year German bund jumped to around 0.88%, the highest level in several months.<p>US government bond yields …

The Executor's $1.2 Million Mistake

Here’s a tale of caution about being an executor, the person you appoint in a will to oversee your estate after your death.<p>The cast includes a 73-year-old high-school-educated homemaker named executor of a nonagenarian cousin’s will, an attorney who was battling brain cancer, seven distant …

Ernie Banks' contested will cuts out family, leaving assets to caretaker

The day after Cubs Hall of Famer Ernie Banks died, apparently of a heart attack, his longtime caregiver took to social media to describe in poignant detail the final moments of his life.<p>"There was a point where I whispered into his ear and said, 'Ernie, it's OK. You can go,' " Regina Rice said in a …

The Microwave Trick To Fancy Foamed Latte Milk

Cappuccinos are expensive. Macchiatos are too. But you know what's not pricey? Making those fancy espresso drinks at home. If you're thinking to yourself, "But I can't make <i>those</i> drinks, I don't have the proper tools, wah," we're here to tell you that <b>yes, you can</b>.<p>You do not need a thousand-dollar …

Social Security: Best Ways To Max Out Your Benefit

You think taxes are complicated? Try figuring out the best time and best way to claim your Social Security benefits.<p>Laurence J. Kotlikoff, co-author of <i>Get What’s Yours: The Secrets to Maxing Out Your Social Security</i> says: “There are 2,728 rules in Social Security’s handbook and maybe another …

Social Security Could Be In Worse Shape Than We Thought

Social Security is the backbone of retirement planning in the United States. Nearly one-third of retirees receive almost all of their retirement income from the system and nearly two-thirds receive more than half of their retirement income from Social Security. In short, America’s retirees need …

Cholesterol in food not a concern, new report says

<b>(CNN) —</b> For more than a week, speculation has been running rampant. Here's how it all started.<p>On February 10, The Washington Post published a headline that got a good amount of attention: "The U.S. government is poised to withdraw longstanding warnings about cholesterol."<p>Every five years, the …

Cleveland Clinic

The Caregiver’s Financial Guide

LIVING TILL YOU'RE 80 OR 90? A century ago the odds were decidedly against it, but today we take greater longevity almost for granted. The extra years can be a wonderful gift, providing more time for loved ones to spend with one another. But living longer also has added costs, among them a greater …

Retirement

Four Reasons to Use a Trust

Transcript of Video<p>Connect with an advisor and start a conversation about your goals.<p>Give us a call at<p>1.866.706.8321<p>9am - 9pm Eastern, Monday - Friday<p>Have questions for your financial advisor?<p>Connect with to continue the conversation.<p>Phone<p>Email<p><i>Andrew H. Friedman is the Principal of The Washington</i> …

Financial Planning

STOCKS FALL: Here's What You Need To Know