Stocks, loonie down
Canada’s main stock index edged lower in late-morning trading, weighed down by losses in the industrials sector and energy stocks. The S&P/TSX composite index was down 5.77 points at 16,496.65. In New York, the Dow Jones industrial average was down 41.35 points at 27,294.28. The S&P 500 index was down 7.72 points at 2,996.32, while […]
Gas producers ‘in jeopardy’
The CEOs of nine Alberta natural gas producers have released an open letter to Premier Jason Kenney asking him to show “bold leadership” in supporting a plan to restrict production to boost low gas prices. The letter warns that the viability of the natural gas sector is in jeopardy and the province faces a high […]
How To Use Any IRA Or 401(k) To Generate Lifetime Retirement Income
Worried about making your retirement savings last the rest of your life? Don’t know how much you can spend on living expenses throughout your retirement? Concerned about stock market crashes that could derail your retirement in future years? If so, you’re not alone. Millions of middle-income, older workers are approaching their retirement years and are […]
Fears of a retirement crisis are overblown — and these numbers prove it
You read about the “retirement crisis” in newspapers and on the internet. You see members of Congress pushing to expand Social Security and bail out insolvent “multiemployer” pensions, all in fear of retirees falling into poverty. In a country of 325 million people, it’s certainly not hard for reporters to find legitimately heart-rending stories of […]
Recession fears rise for middle-class families
The average family doesn’t feel as good today as yesterday. Middle-class Americans are less optimistic about their economic prospects than they were just six months ago, according to a new report from CUNA Mutual Group. Although the majority of those polled said they feel relatively stable overall, they graded their chances of achieving the American […]
Will You Be Able to Afford the Average Cost of Retirement?
There is no magic number for retirement savings because everyone’s goals and expenses are unique. That said, averages can still be a useful jumping-off point to let you know if your retirement savings estimate is in the right neighborhood. Charles Schwab Retirement Plan Services recently conducted a nationwide survey of 401(k) participants and found that […]