Inflation or Recession – Which is Worse?
Lately, it’s hard to watch the news or go online without seeing two popular buzzwords being tossed about – inflation and recession. Many ask, which one is worse? How worried should I be? Or even – what do they mean and how are they different?
10% Social Security COLA in 2023? We Will See!
Once in a while, times like this offer us a glimmer of hope – a silver lining, if you will. And right now, that silver lining is in the form of a potentially impressive COLA on Social Security benefit.
Are You Tapping Your Pandemic Savings to Cope with Inflation?
We’re seeing families having to draw on their savings, which includes money from the child tax credit as well as pre-pandemic savings, to combat higher costs on gas, food, healthcare and more, especially because wage gains are not keeping up.
Estate and Gift Taxes – Here’s What You Need to Know
These are just a few of many considerations when planning your legacy, but it’s key to have a plan – and then keep it current.
Kids and Money . . . It’s Up to You & Me
Why is it so important for parents to teach their kids financial literacy? A 2022 study by Fidelity discovered that roughly 72% of the teens say they have “no knowledge about trading stocks and ETFs.” And almost half the 13- to 17-year-olds surveyed said that investing “feels out of reach” for them.
Is There a Magic Bullet for Retirement?
For almost three decades, the 4% rule has often been used as the rule of thumb for retirees in determining their withdrawal rate. But considering today’s market and economic conditions, can retirees really rely on this old standby to guarantee they won’t run out of money?
Financial Planning Breeds Financial Success!
With no shortage of financial myths and mysteries to choose from, there is possibly none bigger than the concept that financial planning is only for the wealthy. The truth for most folks, however, is just the opposite – financial planning is actually a path to becoming wealthy.
Forgive the Loan – or the Interest?
Potentially forgiving student loans is a controversial topic these days. I’ve weighed in before on the current administration’s proposals and ideas. There are additional financial consequences to this proposal for the borrowers, too.
Strapped for Cash Before Retirement? This New Rule Can Give You More
SEPP, which stands for “Substantially Equal Periodic Payments” isn’t necessarily commonly understood by a lot of folks, but it’s a viable option if you find yourself in a pinch and need to access your retirement funds early.
Retirement Savings – Another Victim of Today’s Inflation
Higher prices at the gas pump, the grocery store, the airport, and many other items affected by today’s high inflation are challenging us to stretch our dollars as far as they can go – and for some, their retirement savings are taking the hit.
