Archive by Author

Retirement In Sight: What Will $50,000 Be Worth in 25 Years?

If you are on the verge of retiring, this question is well worth asking. You cannot know what the exact answer will be; however, you can anticipate that it will be worth less. Inflation will exact a slow, but significant, toll on your retirement savings. Historically, consumer prices have risen about 2–3% per year. Your […]

Comments Off on Retirement In Sight: What Will $50,000 Be Worth in 25 Years? Continue Reading →

Monthly Economic Update

Bulls took charge of Wall Street as 2018 began: The Dow Jones Industrial Average rose 5.79% in the first month of the year, even with a mild sell-off on the verge of February. Foreign equity benchmarks largely advanced as well. Oil and gasoline futures surged, while bitcoin continued to roller-coaster. Personal spending, manufacturing, and consumer […]

Comments Off on Monthly Economic Update Continue Reading →

What Is Bitcoin? To know how it will affect the economy, we need to be able to define it.

By George Friedman Bitcoin has transformed from an idea that some treated with great enthusiasm to an asset of  strikingly growing value. It is digital currency, of which there are many others, and its price has soared in recent weeks. I will admit to not understanding what bitcoins are in principle, to the extent that I […]

Comments Off on What Is Bitcoin? To know how it will affect the economy, we need to be able to define it. Continue Reading →

Retirement In Sight: 3 Important Retiree Tax Considerations

After you retire, your tax situation will change. Recognizing that oncoming change is crucial. Some ideas that may seem smart from a pre-retiree standpoint might be ill-advised once you have transitioned into retirement. Other retiree tax concerns may not yet be on your mind. For example, tax-loss harvesting can be handy when your capital losses […]

Comments Off on Retirement In Sight: 3 Important Retiree Tax Considerations Continue Reading →

Monthly Economic Update

Financially speaking, the last month of 2017 was also the year’s most newsworthy. Congress reformed federal tax law to a degree unseen since the 1980s, the Federal Reserve raised the benchmark interest rate, and bitcoin took its investors for a wild ride. Hiring, retail sales, and personal spending numbers were all impressive, as were consumer […]

Comments Off on Monthly Economic Update Continue Reading →

Monthly Economic Update

In November, the S&P 500 gained 2.81% and advanced for a 13th straight month—an unprecedented milestone in the index’s long history. Consumer confidence and investor confidence were both abundant, as further evidence arrived that the economy was growing at an impressive rate. Solid fundamental indicators, upbeat earnings announcements, and hopes for 2018 tax cuts motivated […]

Comments Off on Monthly Economic Update Continue Reading →

Retirement In Sight: Possible Ways to Produce More Retirement Income

Your income determines your level of financial comfort in retirement more than any other factor. Some midlife financial moves may help boost it. One important move is to max out retirement accounts. Yearly contributions of $5,500 to an IRA starting at age 45 will grow to $214,460 by age 65 at a 6% annual return. […]

Comments Off on Retirement In Sight: Possible Ways to Produce More Retirement Income Continue Reading →

Monthly Economic Update

October saw the S&P 500 rise 2.22% in response to results from the fall earnings season, encouraging fundamental indicators, and anticipation of tax reforms. An impressive jump in personal spending complemented excellent readings on consumer confidence and purchasing manager indexes, although hiring suffered a setback. As the European Union contended with disunity in Spain, the […]

Comments Off on Monthly Economic Update Continue Reading →

Retirement In Sight: A Retirement Plan … or a College Plan?

Some parents believe that they should pay for part or even all of their children’s college education. They make it a financial priority and put saving for retirement further down on their to-do list. If their kids can graduate without any student loan debt, the thinking goes, they will be better positioned to provide financial […]

Comments Off on Retirement In Sight: A Retirement Plan … or a College Plan? Continue Reading →

Monthly Economic Update

In August, investors witnessed a terrible natural disaster and heard threats of war on America, and the S&P 500 still managed to gain 0.05%. September brought two terrible natural disasters and more threats of war on America, and the broad benchmark rose 1.93%, topping 2,500 for the first time. In other words, the bulls remained […]

Comments Off on Monthly Economic Update Continue Reading →