Risk-tolerance surveys often miss what financial advisers really need to know about you

In the early days of financial planning, advisers would assess a client’s attitude about risk. It was largely a subjective judgment. Nevertheless, their conclusion (or hunch) would guide their portfolio management decisions on behalf of that client. In addition to probing to determine a client’s tolerance for risk, advisers might consider one’s age, gender and … Read more

A record number of U.S. renters spent more than 30% of their income on rent in 2021 and mortgage rates fall to lowest level since mid-September. Freddie Mac says 3 million more people now qualify for a home loan.

Hi, MarketWatchers. Don’t miss these top stories. Death and deceit in Malibu: How yogi couple befriended and stole millions from vulnerable rich doctor Anton David and Anna Moore are accused of pretending to be caretakers for Dr. Mark Sawusch while really having an eye on his $60 million fortune. Read More ‘We are not visible, … Read more

Here’s how — and where — Netflix has started cracking down on password sharing

Coming soon: Netflix and chill-on-sharing-your-password. Netflix NFLX, +1.35% once pivoted from being a DVD delivery company to becoming a video streaming giant. And more changes are on the way for the streaming service as it faces growing competition from rivals like HBO Max WBD, +3.65% and Disney+ DIS, +3.49%. Now, Netflix is shifting from seemingly … Read more

What is cataract surgery and is it covered by Medicare?

If your eye doctor tells you have cataracts in one or both eyes, and he recommends surgery to remove them, don’t despair. When you cannot see as well as you could before, one reason can be that cataracts have developed in one or both eyes. Cataracts are the clouding of the natural lens in the eye. … Read more

Why it’s so hard for Black Americans to save for retirement – and how the pandemic escalated the racial wealth gap 

Financial adviser Pamela Capalad spends a lot of her time with clients breaking down job offers and coaching them on raise negotiations – she finds the strategies especially important for people of color. Income is one of the most important elements when saving for retirement and Black workers in America earn statistically less than their … Read more

‘Market volatility is to be expected’: After Fed’s latest rate hike, financial advisers tell clients where to put their cash — and earn up to 5.1%

The Federal Reserve boosted its influential interest rate yet again Wednesday, even as more signs indicate that inflation is cooling. It hiked the benchmark’s key rate by a quarter of a basis point, bringing it to the 4.5%–4.75% range. One basis point is equal to one hundredth of a percentage point. The Fed’s central bankers have said … Read more

Here’s the latest, most hopeful news on how to fight Alzheimer’s

The bad news about dementia you already know. It’s currently killing 6 million Americans, which is about six times the total number who have died from Covid-19. And the figures are rising, not falling. About one in three of us will get it. Scientists don’t fully understand what causes dementia. There is no treatment and no cure. And … Read more

Is virtual reality a way to battle loneliness in older adults?

Carl Hortsmann found a way to take his 87-year-old father scuba diving on the Great Barrier Reef, go skiing for the first time and bring him on a tour of his old neighborhood in Union, N.J., where he grew up – all with the help of virtual reality. As part of a first phase of … Read more

The 2023 Honda Accord has a new look and a hybrid option that’s front and center

The tech-rich 2023 Honda Accord midsize sedan enters a new generation, taking the bold initiative of moving hybrid power away from the sidelines to put it front and center. Pricing starts at $27,295. Following on from a track record of being the class leader, the 2023 Accord takes the unprecedented step of making its hybrid … Read more

This style of travel is growing more popular among the 50-plus set, and it can offer a richer, more relaxing experience

This article is reprinted by permission from NextAvenue.org. Travel for most of us falls into two categories: vacations and trips. Vacations are when daily life has you stressed to the max, so you arrive at your destination to relax and do as little as possible the entire time you’re there.  Trips are when you think you … Read more