After a 7-10% pullback in May, stock earnings estimates are in retreat. Is more weakness to come? As volatility trends higher, Liz Ann Sonders and her team at Schwab take a look at the numbers. 36.9% of seniors lose money to scams, financial exploitation and abuse over any given five-year period. Schwab’s Resources for Senior Investors lists the red flags seniors and their loved ones should watch for. The mistakes people make in buying car insurance can be expensive. Mia Taylor of Simple Money describes seven of them to keep in mind when you buy your policy.
Schwab Market Perspective: Dangers Rising…or Potential Opportunity Emerging? — May saw equities pull back between 7-10% as trade tensions and growth concerns ratcheted up. The selling was disconcerting and bouts of weakness could persist, but potential opportunities may also emerge. Read more…
What Elder Financial Exploitation Looks Like — As Baby Boomers continue to retire and advance in age, increasing numbers of American seniors are at risk of falling victim to schemes aimed at separating them from their money. While hard to quantify, a 2019 study by Consumer Financial Protection Bureau estimated the average loss to victims at $34,000—that number jumped to $46,000 for adults ages 70 to 79. Fortunately, there are red flags to watch for. Read more…
Don’t Make These Seven Car Insurance Mistakes — When it comes to shopping wisely for a car insurance policy, perhaps the number one rule to keep in mind is the age-old adage about not being penny wise and pound foolish. But there are other rules that can save you money, as Mia Taylor explains for Simple Money. Read more…
John R. Day, Bill Ennis, Stephanie Hall, and Matt Heller