Does your retirement budget account for all of these costs? If not, they could derail your retirement. You may need to alter your strategy. Hidden Housing Costs First, there are housing costs to consider. Many pre-retirees fail to look beyond their monthly mortgage payment when estimating their long-term housing costs. Unanticipated home repairs and renovations […]
10 Hidden Expenses in Retirement Read More »
“In this world, nothing is certain except death and taxes.” Death may be a certainty, but some taxes actually aren’t, depending on the circumstances. The tax implications of your charitable contributions and what you leave to your heirs might not be a top concern of yours. However, it is an important thing to think about. What
A Tax-Smart Way to Leave Money to Charities and Your Family Read More »
President Biden has called this recent bout of inflation “transitory.” However, many people worry that it’s here to stay. So, needless to say, we’re going to have to learn to live with it. You may be wondering: What is inflation, how bad has it been recently, and is it possible to not only live with
Is It Possible to Benefit From Inflation? Read More »
You may be wondering: “How does the stock market work?” Furthermore, “What are the potential dangers of investing in stocks?” If you are worried about these things, you aren’t alone. Many people with limited financial experience are terrified of the possibility of losing their money to the stock market. Either that, or they’re unaware of
How Does the Stock Market Work? Read More »
Back in March, a hearing was held by the Senate’s Health, Education, Labor and Pensions (HELP) Committee. At the hearing, retirement professionals urged lawmakers to take action and increase the accessibility of workplace savings plans. Specifically, they’ve stressed the importance of making it easier for workers to save away more money for retirement. “It is
The Secure Act 2.0 Read More »
Wall Street economists are panicking after yields on two-year Treasury notes moved above yields on ten-year notes. Economists track how the interest rates of different maturity levels vary, looking for signs of coming changes in the economy. When short-term interest rates are higher than long-term interest rates, it’s what’s known as an inverted yield curve.
Economists Looking for Signs of a Recession Read More »
When it feels as if the world is spinning, it’s important that you remain skeptical of promises of sure things. Is a simple and reliable investment really simple and reliable, or does it just appear that way during complicated times? “As Russia launches its blitzkrieg against Ukraine, my inbox brimmed with reports from investment firms
Don’t Make Big Financial Decisions When Things are Stressful Read More »
Recent changes in the stock market have acted as a warning to some Americans. Importantly, Americans who are too old to be investing the amount they have in the stock market. Many of these individuals, unfortunately, will likely ignore that warning. You see, the market surprisingly rose during the pandemic. This, combined with more than
Do You Have Too Much Money In Stocks? Read More »
The third tax-filing season to happen during the Coronavirus pandemic is quickly approaching. This is likely to come with yet more frustration and uncertainty for taxpayers and tax preparers. Some things will return to normal this year. The individual tax deadline will return to its usual mid-April date, for the first time since 2019. Additionally,
Tax Season is Fast Approaching Read More »
Fixed Index Annuities Provide An Interest Rate – How Is That Calculated? Many wonder do annuities earn interest? The answer is yes, but it can be complicated. We will explain. Fixed index annuities (FIAs) provide an interest rate to their annuitants. Similarly, fixed annuities pay interest as well. The interest in this case is a
Fixed Index Annuities Provide An Interest Rate – How Is That Calculated? Read More »