Americans are woefully unprepared for retirement. As survey after survey has shown, the average person is simply not saving enough to provide for a comfortable retirement. That’s why Congress is currently proposing reforms to retirement plan rules.

According to the U.S. Department of Health and Human Services, someone turning age 65 today has almost a 70% chance of needing some type of long-term care services and supports in their remaining years. Whether you or your spouse will require long-term care is difficult to predict. But it is wise to consider long-term care insurance and whether it may be a good idea for you.

A closely watched point on the Treasury yield curve has fallen negative for the first time in this economic cycle.

In the latest Street View video, John Lynch, LPL chief investment strategist, discusses recent market volatility and the trade war with China. Check out 2 minute video below:

It used to be, investors seeking steady income turned exclusively to bonds, whose regular interest payments provided a dependable income source, especially for retirees. But times have changed.

The Federal Reserve (Fed) announced a 25-basis point (0.25%) rate reduction July 31. As shown in the LPL Chart of the Day, The Federal Reserve’s First Rate Cut in 10 Years, the rate cut was the first since the 2008 Financial Crisis.