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Investors ignore the yield to worst at their peril, said Andrei Costas, a senior investment analyst at STA Wealth Management LLC, which sold its holdings in the ETF in February.
“Changing the yield to worst can change the return profile. It factors into an investor’s decision whether to buy or sell a fund,” Costas said. For the PowerShares Preferred Portfolio, the yield to worst is less than a third of the distribution yield.
Written By: Sabah Karimi of GO Banking Rates
About 40 percent of Americans said saving for retirement simply isn’t a priority for them, found the GOBankingRates survey. “People spend more time planning for their next vacation than for retirement — a huge mistake,” said Scott Bishop, partner and executive vice president of financial planning at STA Wealth Management in Houston, Texas.
Written By: Scott Crowder of IHeartMedia
For too many Americans the retirement plan is death. A survey finds some of us will never retire and a third of us plan to have a part time job until we die. Scott Bishop at Houston’s STA Wealth Management says most of us are clueless about retirement. “Most people have no plan, they cannot visualize their retirement, they have no idea what direction they’re going and they have not saved enough; they live for the moment.” Bishop says you can’t just stick your head in the sand; you’ve got to have a plan. “What types of needs will you have in retirement? What type of income can you rely on — possibly Social Security — and what’s the gap?”
Two-thirds of middle-income Americans don’t have a comprehensive financial plan, according to a new study by investment advisor Financial Engines. Without a plan, it can be difficult to achieve financial success. It’s like trying to get to a destination without a map. Now is a great time to review your finances and make a plan to get on track for 2017
The jobless rate in America is now about half of what it was during the Great Recession — 4.9 percent versus a high of 10 percent in 2009, according to figures from the Bureau of Labor Statistics. Still, seven states saw big increases in their unemployment rates this past July.
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