For many Americans, your 40s are your peak earning years. At this point, you are halfway between the point in your life when you entered the workforce and when you’ll reach the traditional retirement age. This is why this decade is an essential time to stay on track or get on track with saving for […]
Your 20s can be a tough time financially. Many 20-somethings are graduating from college, entering the workforce for the first time and figuring out how to navigate the financial responsibilities of adult life. When it comes to building toward and meeting your financial goals, your 30s is a great time to get started. If you […]
A bear market and high rates of inflation have many people wondering if the country is heading toward another recession. When a recession hits, there’s a decline in economic activity that continues for several months. Sales, income, employment and production all tend to drop during a recession. Even if the idea of a recession has […]
As we continue to see the bogus numbers coming out of Washington, and the political rhetoric that comes from the President’s reelection, we thought we would look at what stands in the way of solid recovery and compare that to what the government is doing. Issue 1 – The National Debt The United States is […]
Securing a new job is an exciting time. It represents an opportunity to advance your career, develop as a professional, and make positive changes to your life overall. Getting a new job isn’t just about you and your growth, however. Ranging from your daily earnings to your retirement savings, changing jobs also has serious implications […]
Millennials have less of a safety net than the generations before them. In fact, retirement will be different for millennials than it is for the baby boomer generation. Student loan debts — coupled with the fact that they lived through a recession and face higher-than-average unemployment and job insecurity rates — mean that retirement is […]
This digital asset has seen a boom over the entire year of 2021, so what’s the fuss about? What is an NFT, how does it compare to cryptocurrency, how will the IRS treat the asset, and more. What is an NFT? Non-fungible token. NFTs (or “non-fungible tokens”) are a special kind of crypto asset in […]
Approaching saving for retirement as a self-employed person has its strategies and can often appear not feasible for savers. We want to dispel any doubts that you may be feeling and help you feel confident that we host the perfect account for you. Each of these account types has its distinct tax advantages, just like […]
It’s easy for investors to feel invincible during an economic boom. The problem is that this can lead investors to think that nothing can ever go wrong, and there’s no risk of losing all their money. But as we’ve seen over the past few months, things can change in an instant. Technically, we are in […]
People taking advantage of temporary CARES Act rules that allowed for easier loans and distributions from 401K retirement plans increased slightly through November, a month before the Dec. 30 cutoff. As many as 1.4 million people have taken a CARES distribution from a major retirement savings firm, about 5.7% of participants on their system, according […]
With slowing global growth, trade wars, and inverted yield curves, it seems everywhere you look someone is talking about a recession. Will we have one? When? Will it be mild or severe? The only question anyone can accurately answer is the first one. Yes, we will have a recession. Recessions are part of normal economic […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act has gotten a lot of attention because it promises stimulus checks and expanded unemployment for millions of Americans, but there’s a lot more to the 880-page law than that. It contains several provisions that affect retirement savings, including some that give you immediate, penalty-free access to […]