What does it mean for the U.S.? With more research and data coming out since COVID-19, the U.S. is facing an economic and retirement crisis. Still, many of the world’s countries are reporting the same retirement crisis as they borrow to make pension contributions. When discussing a ‘crisis,’ there are …
Are You Ready for Retirement? Americans are starting to see the impact of increasing prices at the supermarket and the start of inflation. Also, clothing at retail stores is depleting as manufacturing has halted, creating demand for products ordinarily accessible. What impact will it have on taxes and inflation? Today’s economic conditions …
Read moreInflation and Taxes Could Rise. Are You Ready for Retirement?
COVID-19 has changed the way that Americans shop and travel, impacting our spending habits indefinitely. With stores, hotels, and restaurants closed or at limited capacity, many choose to cancel travel plans, stay at home and purchase online or locally, helping to support their local small businesses. The positive impact of …
Financial stress is a concern for many, especially during today’s pandemic. The consequences of not having an emergency fund, excessive debt, and limited retirement savings along with COVID-19 will financially impact many for the next decade or beyond. Many factors influence an individual’s saving or spending habits. However, financial literacy …
The unemployment rate is the percentage of unemployed workers in the total labor force and indicates the health of the U.S. economy. COVID-19 has significantly impacted unemployment to record numbers not previously seen since the government began tracking the data in 1939. COVID-19 has surpassed The Great Depression in the …
Read moreUnemployment: Problems for the United States Economy?
Revise Your Plan Now What a decade this has been for retirement planning! Coming out of The Great Recession and into COVID-19 has many Americans nearing retirement considering not retiring as they have planned. Sometimes revising your financial plan and way of thinking is all you need to make retiring …
While it seems strange, the stock market continues to rise while many corporate earnings fall. Stock valuations base on the available data investors have at their disposal, which are the company’s facts, expectations, assumptions, and the current economic conditions. All of this is considered and not just the impacts of …
Read moreWhy is Stock Market Performance Up During a Pandemic?
During times of uncertainty, communicating with others, and your advisor can be beneficial during any life-altering or world-changing event. For some, survival is their only plan when their financial resources are depleting. Others are more fortunate, and their finances are holding while they continue to work. But for most, dealing …
Safeguarding Your Financial Future Experiencing the death of a loved one and what can financially happen if not appropriately planned for is an unfortunate reality for many. Not having protection through insurance and legal documents can turn a tragic situation into a financial crisis. Having safeguards in place provides your …
Read moreCrisis Preparation: Safeguarding Your Financial Future
What You Need to Know The CARES Act (The Coronavirus Aid, Relief, and Economic Security Act) became law on March 27th, 2020, and contains significant legislation for Required Minimum Distributions (RMD) for those over age 70 ½ who have already started RMD. Under previous IRS distribution laws, a minimum distribution …
Read moreThe CARES Act, RMD, and Hardship Distribution Changes
