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
Are you ready for a 40 year retirement? Read More
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
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
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
We all know that in the grand scheme of things, retirement is an incredibly important part of life. It’s a time when we can finally live our lives how we want to, with no one to answer to but ourselves.
There are some obvious sure ways to have a successful retirement. Strategies like making sure to have protected reliable income, a diversified portfolio, reducing your taxes, are solid a solid start.
But what if you could make your retirement even more enjoyable? What if you could have a better quality of life during your golden years? Read More
Taxes impact decisions in a very real way. When it comes down to it, people like paying lower taxes because it means more money in their pockets!
Why did Tyreek Hill choose to play for Miami instead of the NY Jet’s? He has a great reason. Jerseyites think about it for a minute – same for New Yorkers, Californians and others! And this is just football. Think about major corporations and the jobs they bring. Read More
