Have you ever heard someone say that they know exactly where the stock market is going in the future? It might sound tempting to believe, but the truth is that no one can accurately predict the future of the stock market. Read More
Picking the Winning Team in the Super Bowl Doesn’t Make You a Good Investor
As we approach the Super Bowl, many of us are excited about the big game and might even place bets on your favorite team. However, it’s important to understand that just because you can pick the winning team in the Super Bowl, it doesn’t mean AT ALL that you are a good investor. Read More
The Art World and Your Retirement
Using art as a retirement plan might seem like a good idea, but there are some major drawbacks that you should be aware of before making this decision. Read More
A 40 Year Retirement
Are you ready for a 40 year retirement? Read More
IRS Audits More Low-Income Families
A new report by Syracuse University’s Transactional Records Access Clearinghouse (TRAC), a nonprofit data and research gathering organization, found that the IRS may target low income earners more often than high income earners for an audit. Indeed, during FY 2022, the odds a millionaire was audited by an IRS revenue agent was just 1.1 percent while low-income families have a 1.27% audit rate.
The IRS may target low-income earners more often than high income earners for an audit for several reasons. Read More
How Secure 2.0 Changes Your RMD
The Secure Act 2.0 was signed into law on December 29, 2022 bringing some major changes when it comes to retirement planning. Among the most notable is a change to Required Minimum Distributions (RMD). The new law builds on earlier legislation that allows retirees to delay required minimum distributions (RMDs) until a later age. This can be a significant benefit for retirees who don’t need the income from their retirement accounts and want to keep their savings invested for as long as possible. Read More
The BIGGEST (often ignored) Risk to Your Retirement
Retirement is a time when many people look forward to leaving the workforce and enjoying what should be the most enjoyable phase of your life.
There are many risks when it comes to investing and preparing for retirement. However, there is one threat that is often ignored which has a HUGE impact on the success and reliability of your retirement. The government can impact your retirement negatively. Here are a few examples: Read More
Understanding Needs vs. Wants
Is it a need or a want?
When it comes to personal finance decisions and planning for retirement, it is important to differentiate between needs and wants. While both are important factors to consider, understanding the difference between the two can help you make more informed and strategic decisions about your financial future. Read More
The Stock Market Can’t Save You
As you get closer to retirement, much of your success will be determined on how much you have saved. Unfortunately, if you didn’t do a great job of putting money away, the stock market can’t save you.
The stock market can be a great way to grow your wealth and since its inception has provided extremely generous returns to patient and prudent investors. However,if you don’t save enough money, the returns can’t save you.
A lot of people think that investing in the stock market is easy. All they have to do is invest their money and then let the market do its thing. But that’s not true! Read More