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If you were born between 1946 and 1964 you are classified as a Baby Boomer.[i] And Baby Boomers are retiring at somewhere around 10,000 per day.[ii] Needless to say, this is putting a strain on the Social Security Administration’s ability to continue to pay benefits. As of June, 2019, 50% of retired married couples, and …
Continue reading “Three Hard Facts About Getting Old That Everyone Should Know”
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Risk tolerance is a big term in typical financial planning. Basically, risk tolerance is the amount of nerve you have to watch your investment portfolio lose money without flinching. According to typical financial planning, the higher your “risk tolerance” the more money you should risk losing to try and get big returns. But typical financial …
Continue reading “What Is Your Financial Risk Tolerance?”
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How is wealth created? According to George Gilder, there are three things that create wealth. (Listen to find out) People who put money in a 401(k) limit their access to their own money which makes it hard to create wealth… and 401(k)s aren’t treating people all that well to begin with. The average 401(k) balance …
Continue reading “Why 401(k)s Aren’t Making Americans Wealthy!”
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What is the SECURE Act? The SECURE Act of 2019, was signed into law by the president on December 20, 2019. It is an acronym for the Setting Every Community Up for Retirement Enhancement Act. The act is a far-reaching law which will affect the way Americans can save for retirement when using tax-deferred accounts. …
Continue reading “The Secure Act — What You Need to Know”
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Governments and central banks are taking the low road. They are attempting to artificially stimulate the economy by implementing negative interest rates. John says it will work probably work short-term Tom says it could cause people to hoard tangible assets like gold, silver, antique automobiles and art. What is it that really stimulates an economy …
Continue reading “Money and Politics meet again”
Read More...As reported by Buzznet, a recent study uncovered that 75% of millennials don’t have any life insurance, supposedly because they can’t afford it. But something millennials fail to realize is that the younger you are when you purchase life insurance, the cheaper your coverage will be for your entire life. Life insurance isn’t as trendy …
Continue reading “The Financial Mistake most Millennials are Making”
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Most people think saving money is about cutting lifestyle and luxuries. This is certainly one way to save, but it is not the only way because where you save your money can make a big difference in how much you get to keep. 💵 Benjamin Franklin says, “There are two ways to increase your wealth. …
Continue reading “How to Save more Money in 2020”
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The SECURE Act was signed into law by President Trump on December 20, 2019. Here are some key changes you should know as you plan for retirement: Generally, the SECURE Act: Removed Maximum Age limit for IRA Contributions Increased the age for Required Minimum Distributions (RMDs) from age 70.5 to 72 Enforces a 10yr distribution …
Continue reading “The SECURE ACT is Changing Stretch IRAs”
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According to Fidelity Investments, in order for your 401K to sustain you in your retirement you will need to have 8x your annual income saved by the time you reach age 67. To keep on track with your savings, you will need to have at least your annual income tucked away by age 35. By …
Continue reading “How Much Should You Have in Your 401k?”
Read More...After fighting Marxists, both here and abroad for at least the last 70 years, who would have ever thought that Americans today would be considering Marxism to be a better way of life? But that is exactly what is happening. From college campuses to the NBA, and from the politically naïve to progressives in the …
Continue reading “Wealth Inequality in America: Is it Wrong to Be Wealthy?”
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