7 Ways You Could Grow Your Retirement Savings in 2021

December 29, 2020

Just because 20-20 is in the rearview mirror, doesn’t mean you can breathe a sigh of relief. Learn 7 ways you could exponentially grow your wealth in 20-21.   Don’t miss Retirement Solutions Radio show, “7 Ways You Could Grow Your Retirement Savings in 2021”Listen Now! Our firm assists retirees and pre-retirees in the creation of…

What’s Ahead for the Stock Market?

December 29, 2020

In November, the Dow experienced its best month since 1987, while the S&P 500 and Nasdaq indexes enjoyed their best month since April of this year.1 With the election behind us and a vaccine on the horizon, the stock market has plenty to celebrate. Many consumers used the pandemic period to shore up their savings,…

The Effect of Debt on the Global Economy

December 22, 2020

The national debt is a measurement of how much the federal government owes creditors, most commonly depicted as a percentage of gross domestic product (GDP). A high debt-to-GDP ratio is considered viable when the economy is expanding, because that growth allows the government to generate higher tax revenues to help pay down the debt. However,…

Tuck in for a Long Winter’s Night

December 14, 2020

We were warned by health experts that the coronavirus outbreak would get worse with the flu season – and here we are. The pandemic has taken a huge toll on the lives of nearly every American. Some have suffered sickness and loss of life. Some have lost their jobs, businesses, or customers. What happens from…

China’s Rebound

December 14, 2020

In mid-November, China signed an important and symbolic free-trade agreement with 14 countries, including Japan, South Korea, New Zealand, and Australia. The deal, which represents 30% of the world’s population, eliminates tariffs and quotas on 65% of goods traded in the Asia-Pacific region. Global economists say the deal is further evidence of Asia’s growing power,…

Open Enrollment: Health Care Insurance Takes Priority

December 14, 2020

The Patient Protection and Affordable Care Act (ACA) – passed in 2010 and known colloquially as “Obamacare” – has experienced quite a ride. Initially, it was embraced by millions of Americans for whom it afforded tax-subsidized health insurance without access to employer-sponsored coverage. At the same time, it was derided for increasing government sharing costs…

Troubled Mortgages

December 8, 2020

A lot of factors affect real estate prices, including interest rates, inventory, local foreclosure, and short-sale rates, and even natural disasters. This year, as it was during the Great Recession, underwater mortgages and the potential foreclosure rate is a concern. Being “underwater” or “upside-down” means that you owe more on your mortgage than the current…

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…

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