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...
WHAT YOU SHOULD KNOW How much do you know about social security and its actual “fine print”, as they say? Believe it or not, Americans have a huge misunderstanding as to how Social Security works, from how taxes are collected to overestimating the average monthly benefit.
President Donald Trump has had a number of very significant accomplishments during his first one hundred days in office. However, many of his biggest achievements might not have gotten the attention they deserved because of the main stream media’s liberal slant and bias, or by a continued effort from...
Last year in a stunning and revolting revelation, it was discovered that Wells Fargo, one of the world's biggest banks, had instructed (and gave incentives) to employees to use aggressive sales techniques to set up 2 million fake accounts on behalf of thousands of unsuspecting Wells Fargo customers. As a result...
CNN-Money grabbed our attention with this headline recently: The International Monetary Fund (IMF) has sharply cut its economic growth forecast for Saudi Arabia. For years Saudi Arabia has been the world’s biggest exporter of oil, but now a severe budget crisis is forcing the oil rich nation to re-figure its finances.  With...
There are many economists and global financial strategists talking about the ever-expanding U.S. debt which is quickly approaching $20 trillion dollars. One of those experts is Peter Schiff, president and CEO of Euro Pacific Capital. He is an investment broker, investor, author, financial commentator, and radio personality. For the...
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...
Last week, the United States celebrated the 80th anniversary of the ratification of the Social Security Act, the law that created one of the most important government programs in our country today. The Act was a direct response to the economic disaster of the Great Depression. Unemployment surpassed 25%, forcing...
Even experts and investors accustomed to the volatile world of Wall Street had to admit that last week was a particularly worrisome time. The week started with the markets ending a seven-day losing streak on Monday, as the Dow bounced up 241 points. But the very next day, the index...