Congress alongside first year President Biden are planning major tax overhauls that would create several issues for beneficiaries. Raising taxes on wealthy Americans has become a focal point of the majority party in Congress and for President Biden, as Democrats plan to increase taxes to address certain...
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...
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...
It has been said for years now that women usually tend to outlive their male counterpart.  With the U.S markets standing on shaky ground and global markets starting to stutter, it becomes apparent that rough times are ahead. It’s generally worth the time to take note that 9 out of...
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....
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,...
The general rule is that retirees need 80% of their working income to maintain their current standard of living. We have scoured the internet and have found an overwhelming number of helpful tips** to assist you in saving money each and every month! Reevaluate Monthly Expenses – Take a look...
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...
The Internal Revenue Service’s proposed updates to their Uniform Lifetime Table are set to change  required minimum distributions starting in 2021. In 2018, the Trump administration signed an executive order directing the Treasury Department and IRS to revise their life expectancy and distribution tables. The purpose of...
While Federal Reserve Chairman Jerome Powell believes the U.S. economy is in good shape heading into the 2019 holiday season, top Wall Street firms beg to differ.  Powell cited a strong labor market and consistent consumer spending as signs of a healthy economy, although the Fed’s move...