A spike in annuity sales from the fourth and final quarter of 2020 suggests that there is an increasing trend of investors looking for safer investment alternatives to high-risk stocks, bonds, and mutual funds. Overall annuity sales were up 2% compared to the final quarter of 2019,...
When saving for retirement, investors have a multitude of options to save their money. Two popular types of investments for retirement savers are traditional and Roth IRAs. Both traditional and Roth IRAs offer tax-free growth for the life of these vehicles and have unique attributes that can...
When preparing for retirement it is essential that investors transitioning into the retirement phase of their lives have a financial plan in place to ensure that their assets are protected and are not outlived. One of these preparations includes the process of taking required minimum distributions from...
There is a growing concern that older Americans who were displaced from their job due to the COVID-19 pandemic will remain unemployed as state economies begin to reopen in the coming weeks and months. Historically, older workers have found difficulty reentering the workforce following an economic downturn or recession, forcing many...
President Trump’s approval ratings are at an all-time high as his campaign ramps up their efforts to secure reelection in November. His increasing approval is due in large part to American’s level of confidence in the economy, which is higher than it has been in twenty years....
There are winners and losers in every financial crisis. When the stock market dips, there are individuals that benefit from the fall. That was certainly the case when the Coronavirus became a global threat. In this case, real estate received a boost. Mortgage rates have fallen to...
Starting in 2020, IRA owners will have to think twice about their retirement account. With recent changes being made to IRA laws in the SECURE Act, non-spouse beneficiaries can no longer stretch an IRA if the account holder passes following the end of 2019. Instead, the SECURE...
Reports from late 2019 and early 2020 have identified numerous restaurant and food chains that either closed or plan on closing stores across the country. Although each brand has specific reasoning for closing particular stores, the status of the economy certainly has an impact. In a strong...
Starting January 27, 2020 the IRS began accepting 2019 tax returns. The IRS stated in a recent news release that they are expecting to receive more than 150 million returns this year and are prepared to assist filers to ensure a manageable transition. Despite the large volume...
Social Security is becoming a hot topic once again as the trust funds responsible for the benefit are set to be depleted by 2035. According to projections from a 2019 report by the Board of Trustees for the Federal Old-Age and Survivors Insurance Trust Fund and the...