This Economist Says Most Retirement Planning Is Fallacious. Right here’s Easy methods to Assume About It.

Economist Laurence Kotlikoff thinks that almost all monetary planners go about it improper. Relatively than serving to shoppers amass wealth for a retirement-income goal, the Boston College professor says the emphasis must be on smoothing and defending spending all through an individual’s life after which saving towards that purpose. Kotlikoff advises most retirees to attend … Read more

Powell dangers his legacy if he doesn’t begin tapering quickly

The Federal Reserve ought to transfer rapidly to taper purchases of Treasury and mortgage-backed securities, or it dangers dropping its independence from the whims of politicians and monetary markets. In August 2020, the Fed introduced that it will give priority to “maximum employment” and not act pre-emptively to stem inflation. It could settle for a period of inflation … Read more