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Category: In The News
The financial world is constantly changing. Keep up to date on the current headlines that may affect your financial planning and goals.
How To Celebrate National Retirement Security Month
According to PwC’s Retirement in America Report, 1 in 4 Americans have no retirement savings at all. Of those who are saving for retirement, only 36% feel like their retirement planning is on track. The median savings is estimated to be $120,000 for those approaching retirement (ages 55 to 64), which provides less than $1,000 per month […]
Read MoreWhat Investors Should Know about the Current State of the Economy
This week we are fortunate to share our interview with Mr. Kevin Kliesen, a business economist and Bank Officer in the Research Division at the Federal Reserve of St. Louis. Mr. Kliesen holds an M.A. in Economics from Colorado State University and joined the bank in 1988. In his position as a business economist, […]
Read MoreDisaster Preparedness in a Self-Directed IRA
The IRS has declared September to be National Preparedness Month. The timing certainly seems to be right. Extreme weather events have been battering the U.S. and many people find their properties severely damaged. This is obviously a huge headache for homeowners and tenants as they have to scramble to find temporary lodging. However, it can also mean big trouble for properties owned by a Self […]
Read MoreCan You Trust Your Financial Advisor?
Any service provider requires a certain level of trust. You want to know that your car mechanic is honest, your doctor is interested in your best welfare, and your teachers are knowledgeable. This is especially true for financial advisors. These professionals are instructing you as to the best way to invest and grow your retirement funds. Not only is it […]
Read MoreHow To Protect Your IRA From Scams
IRAs, and especially Self Directed IRAs, require account holders to be vigilant in investment choice. This is because these kinds of retirement plans are choice destinations for scammers and con men. IRA accounts possess a sizable amount of funds and the account holder is actually looking to entrust those funds with somebody else. This is a gilded invitation for unscrupulous individuals who are looking to […]
Read MoreCongress Looks to Enact Mandatory Retirement Accounts
Congress is getting their new budget ready. As with every new budget, it provides a time to amend existing laws and enact new ones. Of the new enactments this year, Congress is proposing the implementation of a mandatory retirement account. This legislation would require employers to have retirement accounts set up for their employees and make automatic contributions […]
Read MoreCongress May Restructure Your Retirement Accounts
President Biden recently presented the Build Back Better Plan. This is a multi-trillion dollar spending proposal that provides a Covid-relief package, an infrastructure and jobs plan, and an investment strategy for childcare and education. Having had a first pass through the House’s Ways and Means Committee, Congress has sent it back with a number of mark-ups. These mark-ups cover a lot of ground, and […]
Read MoreThe Great Fed Taper – What You Need To Know
The future of any economy, even in the short term, is essentially unpredictable. Events like natural disasters, pandemics, and political upheaval can set financial systems spinning. Governments are cognizant of this and to the best of their ability seek to stabilize their respective economies. Here in the U.S. that responsibility is given to the Federal Reserve. Using the tools on monetary policy, the Fed tries to keep the […]
Read MoreThe IRS Cares About Your MAGI
There are many numbers that are used to measure consumers. Everybody knows about credit scores, tax brackets, and net worth. There is one number, though, that is quite important, yet most people have never heard of it. This number is personal to you and the government utilizes it to determine your eligibility for a number of programs. Get ready to meet MAGI – Modified Adjusted Gross […]
Read MoreThe Investing Power Combo – Pairing a Company 401(k) With a Self-Directed IRA
Balancing a 401(k) and a Self Directed IRA The basic tenet of successful investing has never changed: thoughtful diversification. It’s impossible to accurately predict which assets or investments will be profitable. However, with thoughtful diversification you don’t need a crystal ball. Financial history has shown that investment spread out over a wide variety of assets will usually deliver a decent return. If you or your advisor can […]
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