Inflation. It’s all you hear nowadays. Inflation, Inflation, Inflation. The fear we hear from the word inflation when it is uttered on Bloomberg or CNBC is reminiscent of the name Baba Yaga in the movie John Wick. But why does the market fear inflation as much as the Russian mobsters who feared a widowed hitman …
Why Is The Market Afraid Of Inflation? Is Baba Yaga Transitory? Read More »
https://www.podbean.com/media/share/pb-7r7gj-fd0e24 Retirement expert Denise Downey joins us to discuss different approaches to retirement. Times have changed over the last 20 years and maybe our approach to retirement should too. And as always, we will discuss how college planning fits into her alternative retirements. For questions on working with Denise: https://www.financialtrex.com/ For Sona’s free eBook on …
An Alternative Approach To Retirement With Denise Downey Read More »
https://www.podbean.com/media/share/pb-utv27-f539f9 We all know that 529 Plans are one of the best ways for parents to save and invest for college. But one often overlooked account is the Roth IRA. Join Mark as he goes through the pros and cons of each account type and why the Roth should be looked at first for most …
Robin The Hood took from the rich and gave to the poor, or so the story goes. What you believe may depend on what movie you watch or book you read. Although, I tend to think Robin Hood: Men In Tights was probably the least historically accurate of all of them. When it comes to …
Robbin Retirement: The Good, The Bad, & The Ugly of the New Robinhood Trader Read More »
COVID-19 surprised everyone. As part of the response to COVID, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed. A less-publicized part of the act was the option for employers to offer very lenient 401k distribution and loan options for COVID-related hardship. One major takeaway for employees is to realize that the new …
401ks are for retirement. With pensions going the way of the dodo bird, flip phones, and fax machines, our retirements are dependent on 401ks and Social Security. While their primary purpose is retirement, 401k loans do have a feature that can be a great tool if used correctly: the ability to borrow money from yourself. …
The 401k Loan, A Useful Tool (If Used Correctly) Read More »
MNice Investor talked about the possibility of the Stretch IRA going away with passing of the SECURE act back in June 2019: , RIP Stretch IRA (Maybe?) SECURE stands for Setting Every Community Up for Retirement Enhancement. The accuracy of the name is debatable, unless you are selling annuities. For many of you, SECURE will have little …
The SECURE Act Is Here! What You Should Know. (before you buy that annuity) Read More »
Working with families, and having my own, I often use the seasons and holidays as signposts. They remind us of upcoming tasks or deadlines. Memorial Day is the start of summer, Labor Day, the end of summer. July 4this often a reminder that it’s time to get things together for back-to-school. Thanksgiving should act as …
I don’t think it was a coincidence that #HSAAwarenessday occurred right before Open Enrollment, nor was it a coincidence that I decided to write a blog post on HSAs (Health Savings Account) at the same time. Making smart choices during Open Enrollment matters more than ever: Rising healthcare costs being one of the major reasons …
Don’t Be Afraid of The HSA This Open Enrollment Season! Read More »
When an Individual Retirement Account (IRA) is left to a nonspouse, a popular option to delay the payment of taxes is to spread out the account distributions over the lifespan of a younger beneficiary. Each year the beneficiary would have a Required Minimum Distribution, or RMD. The practice of stretching out the distributions, and as …
