With traditional pensions in decline, it’s up to the individual employee to build retirement savings in a work-based account.
Closed-end funds are considered to carry higher risk but may provide a higher income stream than traditional mutual funds holding similar securities.
This article looks at the Fed’s dilemma in setting monetary policy to address slowing employment with rising inflation, and the potential effects of lower rates on businesses and consumers.
It’s important for heirs to consider how a windfall might be used to strengthen their finances now and over the long term.