Interest rates have been in the news recently due to the Federal Reserve’s decision last month to cut the target for its benchmark interest rate level by .25% to a range of 1.75% to 2%. This cut on Sept. 19 (announced Sept. 18) was the second time the Fed cut rates in 2019.Read more
First Semester For A Freshman is Full of Challenges
Help Your Graduate Avoid Financial Stress by Teaching Them Sound Money-Management Habits
In an effort to encourage workers to save for retirement, the United States government allows individuals to save part of their income tax-deferred into retirement accounts. Workers do not have to pay taxes on these funds or on the investment gains until the money is withdrawn from the account as income, usually during retirement.Read more
The 2019 tax filing season is here, and as millions of Americans prepare to file their 2018 returns, the Internal Revenue Service (IRS) is reminding consumers to protect themselves against the many tax scams thieves often employ in an attempt to steal money and personal information from unsuspecting victims. Read more
A 401(k) plan is a great vehicle for employees to save for retirement. The money invested into this employer-sponsored retirement plan is saved pre-tax and grows on a tax-deferred basis. Taxes on this deferred income are not paid until the money is withdrawn from the plan, usually in retirement. Read more
When planning for retirement, it is important to figure out what income you will need and where that income will come from once you leave the workforce. For most American retirees, Social Security benefits will provide an important source of income in retirement, but many people aren’t sure when they should start taking the benefits. The answer to this question will depend on your individual situation and your immediate and long-term financial needs. Read more
A new federal law that went into effect this September, makes it free for Americans to have their credit files frozen and unfrozen by credit reporting bureaus.
The Economic Growth, Regulatory Relief and Consumer Protection Act, signed into law on May 24, adjusted the federal law dealing with consumer credit guidelines. The law went into effect on September 21. Read more
Are you being paid for the risk you are taking?
This is a question consistently asked in the investing world. If the underlying companies in a portfolio are not growing earnings, a higher price and return on the investment generally isn’t justified. Facebook’s recent miss and price drop is a prime example. Investors do not “like” it when companies fail produce the results they said they would. Read more
A frequent question of late is what to make of a flattening yield curve and what action should we take?
In short – the yield curve is used as a tool which can illustrate high probability recession risk with considerable lead time of about a year and should not affect drastic portfolio decisions this early on. This is perhaps a topic not worthy of a rapidly moving news cycle but does play into the drama and thus emotions of investors. Read more