The “Setting Every Community Up for Retirement Enhancement” (SECURE) Act passed the U.S. House of Representatives last May, passed the Senate a few days ago in December 2019, and then was signed by President Trump. It is among the...
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Free Advice is Worth Every Penny. A weathered sign hangs in our local mechanic’s garage: We offer three kinds of service – GOOD, CHEAP, FAST. You can pick any two: GOOD service CHEAP won’t be FAST GOOD service FAST...
Similar to today, the Roaring 1920s saw rapid technological change with cars and electricity. This created a farm surplus as fewer horses consumed less feed. Prices fell, and farmers complained of foreign competition. Herbert Hoover promised higher tariffs in...
The Fed cut rates by 25 basis points today as expected. The notes show officials were split on the need for more easing, and made comments about acting as appropriate to sustain expansion. As defined on the Federal Reserve...
Unemployment is still at historic lows, the economic expansion in the U.S. is at record length, and consumers are spending money, so why did the Fed lower interest rates? This is called an “insurance cut.” The central bank wants...
Friday is the day of Summer Solstice. This is the longest day of the year in the northern hemisphere. For us this means an early dawn, long day, and a late sunset. Meanwhile, south of the equator, winter begins....
Experts say that healthcare alone could cost the average couple hundreds of thousands of dollars during their retirement. That high amount doesn’t even include other bills such as groceries, mortgage payments, and everyday living expenses. According to Psychology Today,...
It’s earnings season for the banks, and report cards are coming out. Margins continue to shrink. Banks are beginning to move to an online model, attracting millennials, and possibly you could see less brick and mortar buildings in the...
Retirement is changing. There is a shift taking place on how we retire and who can help us get there. Gone are the days of working somewhere for 40 straight years and leaving with a pension to live on. ...
Have you noticed how often we talk about planning? We are all busy planning trips, making plans for our busy week ahead, and even planning what to eat for dinner. The headlines are full of plans in motion too....