In normal times, the stock market is often a reflection of the economy. But these are not normal times. Even though April was marked by a global shutdown of businesses, rampant unemployment, and low economic growth, the S&P 500 Index ended the month up 12.9%. This represented the highest one-month gain since 1987 and posted…

If you’ve been a good saver, you could walk into a minefield of taxes when you retire. Learn 6 tax strategies that could save you a bundle … on Retirement Solutions Radio Show, “How Much Will You Pay in Taxes in Retirement? 6 Ways You Could Save a Bundle.“ Listen Now! Our firm assists retirees…

Learn 5 proactive ways to jumpstart your IRA and 401K on Retirement Solutions Radio Show, “5 Ways to Jumpstart Your IRA & 401K Now!“ Listen Now! Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products. Advisory services offered through B.O.S.S. Retirement Advisors, an SEC Registered Investment Advisory…

Sole proprietors in the U.S. caught a huge break in April. The Paycheck Protection Program, borne out of the economic hardship caused by the COVID-19 pandemic, became available to solo entrepreneurs and independent contractors on April 10, 2020.1 According to a 2017 survey, 36% of U.S. workers are part of the gig economy.2 With so many…

After a press conference in which President Trump mentioned scientists were testing the potential of using disinfectants as a coronavirus cure, poison control centers across the country reported a spike in calls. In Maryland alone, the Emergency Management Agency fielded more than 100 calls asking about the president’s suggestion. In less than 24 hours of…

The Great Recession of 2008 was largely compounded by weaknesses in the U.S. banking system, making it vulnerable to economic and market declines. In an effort to shore up the system, Congress passed the Dodd-Frank Act of 2010, which levied sweeping reforms on the financial sector.1 As a result, the banking system is far stronger than…

A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation.1 39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their utilities 41% were worried about not having enough emergency savings 23% were worried…

What can you learn from previous stock market crashes … That could protect and grow your wealth?  Don’t miss a special edition of Retirement Solutions Radio Show, “4 Lessons Learned From Previous Stock Market Crashes That Could Protect & Grow Your Wealth in This Crisis“ Listen Now! Our firm assists retirees and pre-retirees in the…

Pandemic or not, America’s businesses clearly need a plan to survive an economic downturn. If the owner of a small business has not delegated authority, a health issue affecting the owner could derail that business. The closing of a town’s major employer can drive customers of small businesses out of town to work elsewhere. Damage…