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
Retirement is a significant milestone in everyone’s life. It’s the time when you finally get to reap the fruits of your labor, relax, and enjoy the rest of your life. Unfortunately, there are many myths that people believe about retirement before they retire, which can lead to unrealistic expectations and financial troubles down the line. In this post, we’ll discuss these common myths about retirement so that you can be better prepared for your new journey. Read More
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
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
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
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
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
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
So if you’re considering investing in real estate, you should know the benefits (and the downfalls).
Including real estate in your investing portfolio adds diversity to reduce your overall investment risk. And there are many ways to achieve this. Some options may be buying real estate investment trusts (REITs). Others, may be more active like buying and holding rental properties for cash flow and capital appreciation. This type require active involvement and a fair amount of knowledge to be successful.
Here are the advantages of real estate investing; Read More
