Countdown to Social Security Cuts: Are You Ready?
According to the latest official projections, the Social Security trust fund is expected to be depleted by 2033—just eight years from now. Benefit checks will be slashed by 23% by 2035, less than a...
View ArticleHow to Protect Your Family from Life’s Biggest Hidden Expense
As Andy Rooney noted, “It’s paradoxical that the idea of living a long life appeals to everyone, but the idea of getting old doesn’t appeal to anyone.” As medical science improves, people with chronic...
View ArticleShould You Treat Your 401(k) Like a Bank?
A recent article in the Wall Street Journal says it’s time to consider borrowing money from your 401(k). These loans have become more popular as more Americans get deeper into debt at high interest...
View ArticleAre You Prepared for These 3 Financial Shocks?
In today’s crazy world, it’s crucial to remain vigilant against major financial shocks that often catch people unprepared. Here are three shocks many people will face and strategies to help you...
View ArticleAverage 401(k) Balances Have Barely Budged in 5 Years
Fidelity Investments, the largest provider of 401(k) plans, just reported that the average 401(k) account balance barely budged in the 5 years since the 3rd quarter of 2018. They increased by only...
View Article3 Tips to Unlock Prosperity Through Gratitude this Holiday Season
As Thanksgiving approaches, I want to extend my warmest wishes to you and your loved ones. It’s a time of year when we gather to express gratitude for the abundance in our lives, and I believe that the...
View ArticleShould You “Ride Out” the Volatile Stock Market?
Both the Dow and the S&P 500 were back to where they were more than two years ago, as of May 31st. It’s been a stomach-churning roller coaster ride along the way. The S&P 500, however, has been...
View ArticleIs There a Safer Place for Your Money Than in a Bank?
The problems at Silicon Valley Bank, Credit Suisse, and First Republic Bank are fueling anxiety for people who want to make sure their money in banks and money market funds is safe. Adding to the fear...
View ArticleWhy “10 Times Your Income” Isn’t a Smart Retirement Goal
ChatGPT has been making headlines since it launched last year and gained 1 million users in the first week. If you’re not familiar with ChatGPT, it’s an artificial intelligence computer program that...
View ArticleThe 5 Biggest Financial Threats You Face in 2023
As the New Year gets underway, it’s good to set goals and make plans – but it’s also important to review the biggest threats you face. Here are the top 5 threats to your financial future in 2023…...
View ArticleThe Secret to Eliminating Your Financial “Icks” in 2023
Two-thirds of Americans intend to make a financial New Year’s resolution for 2023, but only 20% are confident they’ll be able to keep their resolution. That’s according to a new survey from The Ascent,...
View ArticleSocial Security’s Big Cost of Living Increase (COLA) Means MORE Taxes to Pay
I just turned 70… Which means I’ll be receiving a special “birthday gift” from Uncle Sam for the first time. Yes, I’m talking about my first Social Security check. Even though I could’ve started...
View ArticleAre “Termites” Destroying Your Financial Foundation?
Chomp… Chomp… Chomp… That’s the sound of termites destroying your financial foundation. But most people aren’t aware it’s happening. And it’s claiming more victims than you might think. Of course,...
View ArticleShaky Economy Stressing You Out? Here’s What to Do…
Feeling like a deer in the headlights right now? You’re not alone! Soaring inflation, stock market crashing, a pandemic that just won’t go away – and the only light at the end of the tunnel looks like...
View ArticleHow to Shield Yourself from Market Volatility, Inflation and Interest Rate Woes
Stock market volatility has returned with a vengeance, as this chart of the Dow over the last 3 months starkly illustrates. We’re facing a whirlwind of economic challenges we have little or no control...
View ArticleTrading a Pension for Tension: Why You Need a Safe Money, Guaranteed Income...
Today, as you try to figure out a safe money retirement income strategy, you’ve got a lot to consider: The market goes up, and the market goes down. Will it be down when you need to sell some of the...
View ArticleHow to Avoid Depleting Your Retirement Nest Egg
The #1 retirement fear of Americans is running out of money. AARP reports that 50% of Americans share that fear. And with good reason, because the average 65-year-old (the average retirement age in the...
View ArticleRetirement Plan Unpredictability is a Major Wealth Killer
I have written at length about my research into the wealth-killing traps of 401(k)s, IRAs, 403(b)s, and Roth plans… and how to avoid them. In this post, I’m going to talk about the trap of retirement...
View ArticleTax Deferral is a Scam and Here’s Proof
Tax deferral is a con, and I’m going to prove it to you. Actually, I’m going to let you prove it to yourself, with this 5-second experiment. The conventional wisdom says, “Maximize your contributions...
View ArticleWhen Does Taxation Become Theft?
In his first 100 days in office, President Biden unveiled three colossal spending packages earning him the nickname, “The Six Trillion Dollar Man.” Biden and Congress are just getting started with the...
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