Hi, everyone. Today we’re looking closely at the rise and fall of that latest Bitcoin rally, as well as the money-markets funding bonanza. In retirement news, learn some essential tips to avoid the pitfalls of changing jobs with a retirements plan. And cuts to Social Security could have an unbalanced and negative impact on single women when compared to their coupled counterparts. Finances can be stressful, but what impact could this have on you and your body in the long term?
The cryptocurrency climbed to a high of $13,485.85 Wednesday afternoon, its highest price since January 2018, according to industry site CoinDesk, before starting to drop.
So said Peter Crane, president of Crane Data, on Monday, the first day of the Crane’s Money Fund Symposium, which bills itself as the largest meeting of money-market fund managers and cash investors in the world.
More than 4 in 10 adults polled by Edelman Financial Engines don’t know that you can let your 401(k) savings continue to grow in an old employer’s retirement plan.
Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue.
The Merrill Edge is the latest, which finds that our financial lives weigh heavily on their minds, affecting both their mental (59%) and physical (56%) health—even more so among today’s younger generations and women of all ages.