When it comes to saving for retirement, conventional wisdom would lead us to believe that 403b’s are essentially the same as 401k’s. In fact, even the financial planning community tends to think of these accounts as interchangeable. Both these plans provide employees with the opportunity to invest for retirement in a very tax-efficient manner. This …
When the Social Security Act was signed into law by President Franklin D. Roosevelt in August of 1935, the intention was to provide an economic safety net for aging Americans. Over the years, as the original law was expanded upon, Social Security became a truly viable source of substantial retirement income for many citizens. After …
Americans are coming off more than a decade of lackluster returns on their cash accounts, and it’s caused a lot of us to get a little too relaxed in our cash management strategy. Starting in the midst of the 2008 Financial Crisis, interest rates were cut to nearly zero, and held to historically low levels …
You might not know Jerome Powell, but he knows you. He knows how Americans think, and the crucial role that each of us will play in bringing down inflation. As a former attorney, investment banker, US Treasury advisor, and now Chairman of the Federal Reserve, Mr. Powell has worn many hats throughout his career. Recently …
Unlike the pension generations before us, today most retirees rely on IRA accounts as their primary retirement income source. The money in your IRA is characterized as tax-deferred, meaning you haven’t paid taxes on it yet. A good way to think about tax-deferment is as a business agreement that you have with the US government. …
While Millennials begin to pony up for their first homes, many Baby Boomers have been happy to oblige the younger generation’s pursuit of a dream house. Since the start of 2020, a booming housing market has enticed a wave of retirees to consider downsizing from their existing home. Downsizing refers to homeowners, oftentimes retirees now …
Downsizing Retirees Can Unlock Tax-Free Generational Wealth Read More »
Rule 1A in investing is “Know what you hold, and know why you hold it”. Many investors will admit to not fully understanding what’s in their investment accounts, or how much they’re paying in fees. To their credit, it’s not always straightforward. It is, however, crucially important not only to understand how much it’s costing …
For decades the financial advice industry has been dominated by advisors selling products for a commission. Even today most financial advisors are partially or fully compensated through product-based commissions. Meaning they get paid more when they sell more. When it comes to a commission-based compensation structure, we can very quickly see how the interests of …
The books are now closed for the first half of 2022, and investors are struggling to find a reason to be optimistic. The S&P 500 closed out the first half of the year down 20% from its January open. That makes it the S&P’s worst start to a year since 1970. The bond market hasn’t …
