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 question, is there a retirement crisis in America, was answered earlier this month during an expert panel discussion moderated by the Founder of Retirement Media Inc., Phil Cannella. This eye-opening conversation took place just outside of Philadelphia at the Retirement Media Inc. production studios and featured some of...
Phil Cannella interviews former Federal Reserve finance manager, Andrew Huszar, on why he, after becoming an integral part of the creation of Quantitative Easing, wrote an Op-Ed in The Wall Street Journal that began with the words, "I can only say: I'm sorry, America." Andrew Huszar is a Senior Fellow...
This week, France set a precedent for governments around the globe when it approved a new law that will levy a 75% tax on French companies that are paying employees €1 million or more in annual salaries. The new tax is widely understood to be symbolic, as a message...
A recent study conducted by Wells Fargo illustrates just how nervous—and unprepared—the everyday American is for retirement. In the Wells Fargo Middle Class Retirement Survey, some 22 percent of middle-class Americans indicated that they would prefer to ‘die early’ over living well into retirement without the means to preserve their...
In less than two weeks on the job, the 114th United States Congress has taken major steps towards undoing one of the most important pieces of financial legislation this decade. Rep. Mike Fitzpatrick (R-PA) is a member of the House Financial Services Committee. Last week, Rep. Fitzpatrick introduced a bill...
Threats continue to be exchanged among world powers over the future of Ukraine. The United States and the European Union (EU) have promised to collapse Russia’s economy if it continues to meddle in Ukraine’s affairs. Russia has responded with promises of its own, even going as far as to...
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...
The rule of thumb holds that Americans need to maintain 70% of their pre-retirement income after they stop working. If that’s true, then the retirement crisis is even worse than we thought—and it’s worst in the Northeast, the most populous area in the country. A recent study from Interest.com found...