When the stock market enters bear territory, as it has in 2022, nearly every stock takes a hit, because the market tends to overcorrect. Amazon (NASDAQ: AMZN) long been a stock market darling, but in the past year, it has become more of a pariah after falling more almost 40% from its all-time high. Amazon Web Services (AWS) is firing on all cylinders and highly profitable. Read More...
MarketWatch
1 in 5 retirees don’t see this expense coming — or its $315,000 pricetag
Only about one in four retirees has not experienced any kind of shock event in retirement, according to a study from the Society of Actuaries. “With retired clients, one of the bigger items that we talk about is how many months of distributions we want to set aside for extra money for unforeseen, or irregular expenses,” said Peter T. Palion, certified financial planner and president of Master Plan Advisory in East Norwich, New York. This is one of the most unforeseen expenditures in retirement, and includes the medical needs of a spouse, parent, child or grandchild, says Spencer Betts, a certified financial planner, chief compliance officer and financial consultant at Bickling Financial in Lexington, Massachusetts.
