The inventors of the pension plan never counted on people living as long as they do today. But people are living longer. This is making it harder for pension plans to meet obligations. That’s why if you have a pension plan, you can’t assume your benefits won’t be altered. Listen to Ric Edelman’s advice on what you can do if you have a pension.
A recent survey found that 17 percent of people were asked for money by someone they met online. The FBI reports there were 15,000 victims of romance fraud in 2017. Half of these victims were more than 50 years old and financial losses from this type of fraud totaled $220 million. Listen to Ric Edelman explain how to protect yourself from romance fraud.
Do you really know the differences between stocks and bonds? Can you define capital gains and losses? Can you explain to a friend the meaning of asset allocation? Join Ric Edelman for a lesson in financial literacy and improve your understanding of the fundamentals of personal finances.
This material was prepared for informational and/or educational purposes only. Neither Financial Engines Advisors L.L.C (also referred to as Edelman Financial Engines) nor its affiliates offer tax or legal advice. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.
Investing strategies, such as asset allocation, diversification, or rebalancing, do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.
Kids these days don’t even know what to do when presented with physical currency, like a $10 bill. That’s because everything they do is online with PayPal, Venmo or their parents’ debit cards. Listen to Ric Edelman explain the ramifications and opportunities of the trend toward digital currencies.