In the good old days (before coronavirus), many people could rely on working longer to wrangle a wayward retirement plan back on track. Not anymore. The devastating loss of jobs set off by the COVID-19 pandemic is depriving many folks...
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Saturday, August 29, 2020
Folks didn't like this idea because it seemed too simple... Back in 2015, Neil Jordan proposed a simple way to save the cows in southern Africa. At first, experts in the conservation and biology fields took the scientist to task for...
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By Andreas Antonopoulos In October 2008, on an obscure electronic mailing list, a participant using the pseudonym Satoshi Nakamoto made an announcement. He said, “I think I have solved a problem in computer science. I have found...
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Saturday, August 22, 2020
Do you dream of life with no alarm clock, no commute, and no boss? Then you might be one of the many Americans who aspire to retire early. But for many, the dream of early retirement leads to a rude awakening when the reality of...
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In the old days, they had this rule of thumb that your age should be your percentage allocation to bonds. So if you were 70 years old, you should have a 70% allocation to bonds. The reason is simple. When you’re close to...
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Saturday, August 1, 2020
I often get the question about Mr. Ramsey...here are my candid thoughts... “Ramsey is the pro bono financial adviser to millions of Americans who otherwise could never afford one.”—Politico.com There’s a gap in...
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Lately, it can feel like each day brings a new headline about fluctuating market behavior. But amid the ups and downs of 2020, there may be some potential good news on the horizon. On July 16, 2020, the interest rate for a 30-year...
Read MoreAARP published a report in which it found that 71% of Americans believe they pay no fees at all to have a 401(k) plan. (Put another way, more than 7 out of 10 people in America today are completely unaware that they are even being...
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Thursday, July 9, 2020
As you may be well aware, Social Security retirement benefits can be taxable to you, depending upon how much other income you have. What you may not be aware of is how this can seriously increase your taxes for small amounts of...
Read MoreThe CARES Act made a few changes to the rules surrounding retirement account withdrawals... Under normal circumstances, if you withdraw money from your qualified retirement plan – like a 401(k) or 403(b) plan – or...
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An “eye-popping” $2 trillion in cash has been stashed in deposit accounts at U.S. banks since the COVID-19 pandemic first hit the country in January.1This surge of money into banks has no precedent in history.Several...
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Saturday, April 25, 2020
According to the Financial Times: “One of the basic rules of investment is coming unstuck, forcing some fund managers to rethink how they build their portfolios.” All to say the classic portfolio structure — 60%...
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Monday, April 20, 2020
For many people, the term 401k is synonymous with retirement preparation, and sometimes represents the full extent of their preparedness. Such accounts are often included as part of a benefits package provided by employers, and...
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Wednesday, April 15, 2020
A Roth IRA is an individual retirement account that offers tax-free growth and tax-free withdrawals in retirement. Roth IRA rules dictate that as long as you've owned your account for 5 years and you're age 59½ or older, you...
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