Despite the growing popularity of market-linked instruments like mutual funds and stocks, fixed deposits (FDs) remain the go-to investment choice for many retirees and senior citizens. The reason? Stability, predictability, and peace of mind — even if it means sacrificing higher returns.
> Fixed Deposits: Capital Protection and Predictable Income
For retirees who rely heavily on passive income,
Georgia State University professor David Maimon, head of the school’s evidence-based cybersecurity research group, says he’s found Social Security accounts for sale by scammers online.
“You can see the name, date and the balance,” he told Channel 2 Action News in a story published March 24. “The whole point of the scam is to try to take over those individuals’ Social Security payments.”
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Maimon shared a video with the local broadcaster,
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A new round of Social Security payments begins on May 3, 2025, with some retirees eligible for checks up to $5,108. Here’s who qualifies, what dates to expect, and how to avoid delays.
Not all Social Security recipients will get their check on May 3.
» Read more about: Social Security Payment: Who Gets $5,108 And Who Has To Wait Until May? »
The S&P 500 (SNPINDEX: ^GSPC) tumbled as much as 19% from its high during the recent stock market rout. The benchmark index rebounded more than 9% on April 9 when President Donald Trump announced a 90-day delay on the reciprocal tariffs he unveiled a week earlier, but it dropped sharply again on April 10 and remains firmly in correction territory at 15% below its record high.
Stocks aren’t the only thing that have collapsed in short order over since Trump’s tariffs have taken effect.
The University of Michigan’s Consumer Sentiment preliminary April data released on Friday revealed astounding declines in how consumers feel about the economy.
Many of the gauges in the survey have seen sentiment deteriorate to levels seen in prior economic fiascos.
» Read more about: Why the stock market's precipitous decline may have a long way to go »
Tariff concerns has many concerned about their retirement accounts.
BUFFALO, N.Y. — There are many questions about 401(k) retirement savings accounts.
Anthony Ogorek, of Ogorek Wealth Management, said if anyone is planning to retire soon remember, ‘it’s a very difficult time.’
“The first piece of advice is you need to understand what you own,”
Through a remarkable career spanning more than 70 years, Warren Buffett has demonstrated a blueprint for investing success. His disciplined approach, focusing on high-quality companies with strong fundamentals, anchored through a long-term perspective, is perhaps more important than ever amid the stock market volatility at the start of 2025.
Under Buffett’s leadership,
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