You’ve probably heard the phrase, “There’s no such thing as a free lunch,” but when it comes to tax-deferred retirement accounts, it might seem like the government is offering just that. A closer look, however, unveils an intriguing retirement strategy that benefits both parties: the individual saver and the government. It’s a tale of tax-time savings for you and eventual tax revenue for Uncle Sam. Read More
In the golden years of life, financial stability is paramount to maintaining your lifestyle and achieving true financial independence. Retirement planning plays a crucial role in securing this comfort, and the key to a successful retirement plan is a reliable, guaranteed income. While growth through investments such as the stock market is essential, they should not be the sole focus. Without a steady stream of income, retirement could be more of a challenge than a reward. Read More
The U.S. debt ceiling has been a hot topic of debate in recent years. Despite the serious overtones attached to this topic, is it possible that the hullabaloo surrounding the debt ceiling is more of a political maneuver rather than a genuine fiscal concern? Let’s delve into the history and the underlying constitutional provisions to find out. Read More
In today’s world, we are inundated with negative news at every turn. From political turmoil to natural disasters to economic uncertainty, it can be difficult to avoid the constant barrage of bad news. For investors, this can be especially challenging. In this blog post, we’ll discuss why living in a world of negative news is the greatest challenge for investors to overcome and what they can do to manage it. Read More
The Federal Reserve is currently developing a new instant payment system called FedNow. This service aims to enable banks and financial institutions to offer real-time payments to their customers, allowing for the instant transfer of funds 24/7. FedNow could have a significant impact on how individuals manage their money, as it will make it easier and faster to send and receive payments, pay bills, and transfer funds between accounts. Read More
Divorce is always a difficult and emotional experience, but it can become even more complicated when it happens during retirement. Not only does a divorce in retirement affect your personal life, but it can also have a significant impact on your financial future. Retirees who have carefully planned for their golden years may suddenly face unexpected changes in their financial situation due to a divorce. Read More
Environmental, Social, and Governance (ESG) investing has seen an unprecedented surge in recent years. While ESG factors should lead to more sustainable and responsible investments, there are concerns that the government push for ESG is distorting markets and negatively impacting retirees and their portfolios. In this blog post, we will discuss how government involvement in ESG investments create unintended consequences, and what retirees can do to protect their portfolios from volatility and maintain a reliable income stream. Read More
As an investor, you want to protect your assets and ensure that your money is secure. Two organizations that provide this type of protection are the Federal Deposit Insurance Corporation (FDIC) and the Securities Investor Protection Corporation (SIPC). While both FDIC and SIPC protect investors, they do so in different ways, and it’s important to understand how each works to make informed decisions about where to keep your money. Read More
Social Security is a vital retirement benefit that provides financial support to seniors who have contributed to the workforce for many years. While many people choose to claim their Social Security benefits as soon as they are eligible, this decision can have negative consequences. In this blog, we will explore four problems associated with claiming Social Security early and why waiting until full retirement age may be a better choice. Read More
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
