Here are 5 Easy Reasons for a Pending Economic Slowdown. 1)Trade Wars At the top of the list is the current trade wars. Frankly, it is hard to keep up. So far, President Trump has signed 93 Executive Orders and counting. If he signs 7 more by April 29, 2025, he will have averaged one… Continue Reading: 5 Easy Reasons for a Pending Economic Slowdown
With April 15th right around the corner, well its Tax Day. Time to settle with Uncle Sam. If you have state income taxes, you will also have to settle with Cousin Sam. A Brief History of Income Taxes The first modern day income tax in the United States was in 1913 with the passage of… Continue Reading: “I Love Paying Taxes.” Said No One, Ever!
IRA To be eligible for an IRA, you will need to have earned income. This is from your wages as an employee. If you are self-employed, this would be from your self-employment income.In the past, there was an age restriction on who can contribute to an IRA. This is no longer the case. If you… Continue Reading: IRA vs. Roth IRA. What You Need to Know.
1) It Has Been a Heck of a Run Many Average Joe’s have done well in the markets for an extended period. From the market low in 2009, the Standard & Poor’s 500 Index (S&P 500 Index) has averaged over a 15% annual return. 1) Even if you do not use the starting point of… Continue Reading: 3 Easy Reasons You Need a Financial Lifeboat Drill
Everyone knows they shouldn’t drive through the rear-view mirror when investing. It was obvious that a lot of people were doing this during the Bull Market that ended poorly in 2000. This was known as the dot-com bubble. Many investors were chasing the latest investment fad which was technology in the late 1990’s. We were… Continue Reading: Why you Shouldn’t Chase the Latest Investment Fad
Here are 3 Great Reasons to Fund a Health Savings Account 1) Contributions are Tax Deductible To contribute to a Health Savings Account (HSA) you need to be eligible. To qualify you need to have a High Deductible Health Plan (HDHP). There are two requirements for this. Having a minimum deductible and a maximum out… Continue Reading: 3 Great Reasons to Fund a Health Savings Account
In my opinion, many investors will need to open a Roth IRA for their retirement. Here are 3 reasons why. 1) To Fund Your Retirement Sorry to state the obvious. If you do not realize this already: You are on your own with your retirement. Let that sink in. You (likely) will not be getting… Continue Reading: 3 Easy Reasons to Open a Roth IRA
All the way back in January 2020 we wrote about The Roaring Twenties 2.0. What have been the biggest changes since then? The Pandemic No question. It would be easier to describe what the Pandemic has not changed rather than what it has changed. The answer is…not much. You name it, and the Pandemic has… Continue Reading: 7 Easy Things Learned from The Roaring Twenties 2.0
Happy New Year! You didn’t make up another list of New Year’s Resolutions again this year, did you? According to Forbes 62% of Americans feel pressured to make New Year’s Resolutions. In 2023 The top 5 New Year’s Resolutions were: 1) 1) Improve Fitness – 48% 2) Improved Finances – 38% 3) Improved Mental Heath – 32% 4) Lose Weight –… Continue Reading: 3 Reasons to Skip the Financial New Year’s Resolutions This Year
Winter is coming up on the calendar, just like it does every year. The squirrels will be gathering their nuts and the Snow Birds will be heading south. In New England, some winters are harsher than others. Through the years, I have definitely become a fan of mild winters. Weather wise, as we say a… Continue Reading: It Is Easy to See, Winter Is Coming