B.O.S.S. RETIREMENT
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Social Security Updates

November 24, 2020

The Social Security Administration (SSA) recently announced a new cost-of-living adjustment (COLA) starting in 2021. Beneficiaries can expect a 1.3% increase in their income payouts next year, which is actually smaller than the COLA increase was for this year.1 For single households, that’s an average increase of about $20 a month; $33 for married retirees.2 Among…

Let’s Talk About … the 401(k)

November 17, 2020

The 401(k) originally began as a company profit-sharing plan. Companies had been funding defined benefit pensions for years, but as their annual profits and stock prices experienced volatility, they looked for ways to share that burden with employees. Through profit sharing, workers made money when the company did and made less during down years. While…

America’s Need for Better “Infloodstructure”

November 11, 2020

In February, Spirit Airlines decided to transfer a portion of its operations from Miramar, Florida, to Nashville, Tennessee. The key driver of this decision was a recurring hurricane and tropical storm risk. This means a loss of 240 jobs for the Panhandle area.1 By mid-September of the 2020 hurricane season, mainland U.S. had already been…

The Millennial Economy

October 28, 2020

The millennial generation hasn’t had it so great. A recent economic analysis reports that since entering the workforce five to 20 years ago, the average millennial has experienced slower economic advancement than any other generation in U.S. history.1 It’s not just a matter of long periods of high unemployment. It’s also because getting that first “real”…

Fixed Income vs. Stock Portfolio

October 28, 2020

Early this year, many stopped spending and began saving money. This wasn’t difficult as many areas of the economy were — and possibly still are — shut down. For some, vacation plans were canceled, and the normal level of entertainment activities and dining out has been curbed. If you’ve remained employed, chances are good you’ve…

The Precarious Status of the Affordable Care Act

October 28, 2020

There is a lot riding on both the outcome of this year’s federal elections and the appointment of the new Supreme Court justice. One of the most predominant issues scheduled to be argued before the court this fall is the constitutionality of the individual mandate within the current health care law. By extension, it’s possible…

Is the Economy Slowly, Silently Sliding?

October 28, 2020

Prospects for stock market growth have remained resiliently and optimistically cheerful this year, despite the nine-month-long pandemic. Unfortunately, the time may be at hand for a stock market price correction that better reflects the state of the global economy. The lack of ongoing fiscal stimulus which, even if passed, may not feasibly be able to…

Housing Notes

October 28, 2020

Millennials can’t seem to catch a break. From their late teens through college, many saw their parents suffer from tremendous financial distress, job loss and, for some, even losing their family home. Many of these young adults graduated from college with overwhelming student loan debt as they entered a terrible job market. Now, having settled…

How Climate Change Could Affect the Economy

October 28, 2020

Some people believe that climate change is exacerbated by human intervention, while others argue that humans are not a factor. Regardless of what may or may not influence extreme weather events, economists are predicting that the long-term results of climate change could affect more than just our homes and possessions. In fact, the Congressional Budget…

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