With weak business investment and government cutbacks, the consumer and housing sectors will be the two main legs of growth in the current economy's unbalanced stool, writes Morningstar's Bob Johnson.
Financial expert Michael Kitces details the pros, cons, and trade-offs of common longevity-planning strategies as well as tips for how retirees can be realistic about their life expectancies.
Morningstar's top strategists discuss their tips for investing in a rising-rate environment, where equity values lie, and some of their favorite investment ideas right now in this special midyear roundtable.
Although June payroll gains were better than recent averages and hourly wages rose, the report was not entirely upbeat, says Morningstar's Bob Johnson.
Morningstar's Heather Brilliant says investors could see a lot of market volatility this upcoming earnings season, but that could make for tremendous buying opportunities of quality names.
Financial-planning expert Michael Kitces cautions retirees about holding too much cash in their portfolios, as simple rebalancing of stocks and bonds can provide needed income.
The outcome of the Detroit's distressed-debt situation could be a litmus test for how other municipalities nationwide move forward with their payment obligations.