Consumers see their banks as more of a stressful utility, rather than a financial advisor. According to the Future of Money report released by Cognizant, banks are not proactive with the financial needs of their consumers; 90% of consumers surveyed stated that they primarily deal with their bank for simple transactions only. 'Simple transactions' exclude any discussion around financial health, including insurance coverage or retirement savings, according to the report, which surveyed about 3,000 consumers in the United States and the United Kingdom. The report also concludes that consumers are keenly feeling the lack of financial advice, especially as they often
What’s the best age to retire?
Retirement columnist BOSTON (MarketWatch)—If you’re going to do it—retire, that is—you might as well do it at the right age. And doing it at the right age, according to the authors of a soon-to-be published paper, involves a bit of homework Retiring at the optimal age should not be left to chance, according to Kenn Tacchino, a professor of taxation and financial planning at Widener University, and Patricia Tacchino, co-authors of a soon-to-be-published paper in Benefits Quarterly Rather, choosing a retirement age needs to be a rational decision that accounts for a variety of confusing and competing consideration, the Tacchinos wrote. And to reach a rational decision, the authors say, would-be retirees would benefit from…
Should You Hold Bonds or Bond Funds When Interest Rates Rise?
Bond investing in a rising interest rate environment requires careful thought. Here are some things to consider about bonds and bond funds.
Article 50: Views from Invesco Perpetual equity teams
Article 50 – views from the European Equities team Europe has proven remarkably resistant to global macro-economic turbulence and its recovery is hard to d
2017 Investment Outlook
2016 brought many wild surprises. The biggest and most obvious is summed up perfectly in two words: President Trump. Donald J. Trump, despite no political or military experience, overcame long odds…