RMDs in 2021

September 15, 2021

Last year, the Setting Every Community Up for Security Enhancement (SECURE) Act increased the age for required minimum distributions (RMDs) from 70½ to 72. The purpose of RMDs is to spread out the tax burden associated with the years of tax-deferred earnings investors accrued in qualified retirement plans.1   If you expect RMDs to be…

Market Thoughts: Looking Ahead and Abroad

September 15, 2021

The mid-year U.S. economic recovery numbers look strong. On Wall Street, analysts predict that our economy will expand by trillions of dollars and create 2 million good-paying jobs throughout the next 10 years. However, despite nearly 1 million jobs reported in July alone, the White House cautioned that the resurgence in COVID-19 cases among unvaccinated…

The Economic Impact of Immigration

September 1, 2021

The US has more jobs than people to work them. It’s an interesting dilemma, considering concerns in recent years that technology, robots and artificial intelligence (AI) would replace many positions. However, labor intensive jobs that require hands-on human capital, such as food and beverage, hotel and hospitality, construction, nursing and long-term care are in demand…

Payday Lenders Hit by New Regulations

August 26, 2021

In June, Congress overturned a set of regulations enacted in late 2020 by the Office of the Comptroller of Currency (OCC). The nullified rules, which have been signed off by President Biden, end a payday lender practice that was referred to as a “rent-a-bank” scheme. The rule stated that to be considered a lender, a…

What is Investing on Margin?

August 24, 2021

This year, investors are making record-high margin investments against their accumulated assets. According to FINRA, margin debt had reached $847 billion by the end of April.1 Much of this activity is fueled by low interest rates and rising stock prices, making leverage investing more appealing. However, investing on margin poses significant risks. You can purchase securities…

A Perfect Storm Ahead for Retirees

August 22, 2021

There’s a perfect storm ahead for retirees. Learn what it is and how you could protect your hard-earned savings on Retirement Solutions Radio, “A Perfect Storm Ahead for Retirees“.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, a…

Putting Inflation Expectations in Perspective

August 17, 2021

Historically, inflation has been highly correlated with unemployment levels. When more people were out of a job, inflation was lower. As more people got jobs, inflation increased. From an economic point of view, this makes sense. Jobs increase income, which increases spending, which increases demand — supplies drop and prices rise. The opposite is true…

Restoring Trust

August 16, 2021

We tend to have complex lives, juggling the demands of family, work, school, finances, friendships and the broader community. Twenty-first century living has only increased the quagmire of what we are responsible for, from paying multiple bills for the same type of service (landline/cellphone, cable/streaming services) to repairing more household items (modems, computers, wearable devices)…

Why the 4% Rule is Broken and How Much You Can Safely Withdraw in Retirement

August 15, 2021

How much money can you safely withdraw in retirement? And does “The 4% Rule” still apply today? Don’t miss Retirement Solutions Radio, “Why the 4% Rule is Broken and How Much You Can Safely Withdraw in Retirement“.Listen Now! Our firm assists retirees and pre-retirees in the creation of retirement strategies utilizing investment and insurance products.…

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