The stock market cannot sustain a rally and that bodes ill as the selloff accelerates. THE S&P500 the index fell 2.5% last week, while the Nasdaq Composite decreased by 2.6%, and the Dow Jones Industrial Average fell 2.1%. This puts the S&P 500 and Nasdaq in correction territory, down 10% or more from their highs …
The fiscal year ends in less than three months, and financial advisors face a challenge: reassuring their clients about changes to retirement plan required minimum distribution, or RMD, laws. Over the past four years, two laws have changed the rules regarding RMDs. There is confusion, says Scott Bishop, managing director at Presidio Wealth Partners in …
BlackRock offers target date exchange-traded funds aimed at helping people save for retirement outside of a 401(K) plan. Investors can select a fund from a new group of professionally managed ETFs that most closely matches their retirement date. On the scheduled date, the funds will be transferred into the iShares Target Retirement ETF, according to …