Here are 3 Practical Reasons for your coming Social Security haircut. Short History of Social Security The government formed the Social Security System in 1935. Monthly benefits began in 1940. As part of President Franklin Delano Roosevelt’s New Deal during the Great Depression, this initiative aimed to provide economic relief and reform. In 1950, a… Continue Reading: 3 Practical Reasons for Your Coming Social Security Haircut
Determine Roth IRA Eligibility Investors with earned income may be able to contribute to a Roth IRA. For 2025, the maximum Roth IRA contribution is $7,000. If you are aged 50 or older, you can make an additional $1,000 catchup contribution. For 2026, the maximum Roth IRA contribution is $7,500. And in 2026 for those… Continue Reading: Practical Steps to Fund a Backdoor Roth IRA Conversion
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
Here is what you need to know to understand the math of the stock market now. Price Earnings Ratio One ratio that all Average Joe’s should be familiar with is the Price Earnings (P/E) Ratio. It is one of the more common measurements of valuation. This ratio takes the price of a stock and divides… Continue Reading: What You Need to Know to Understand the Math of the Stock Market Now
Although I am no longer a practicing CPA, here are 7 Practical Steps to File Your 2025 Tax Return. And if you are looking for more financial guidance, do not miss the 6 Easy Ways a Financial Advisor Can Add Value. 1)Expect Delays with the IRS The IRS, like many other government agencies, has its… Continue Reading: 7 Practical Steps to File Your 2025 Tax Return
7 Easy Things Learned from the Roaring Twenties 2.0. All the way back in January 2020 we wrote about The Roaring Twenties 2.0. Looking back, what have been the biggest changes since then? The Pandemic No question. In fact, it might be easier to describe what the Pandemic has not changed rather than to list… Continue Reading: 7 Easy Things Learned from The Roaring Twenties 2.0
Diet and exercise, that’s what my doctor tells me after my annual physical exam: Every. Single. Time. When I press her on this, she offers a deeper insight – something like “portion control.” Seriously? Who would have thought? It sounds incredibly straightforward. But is it really that easy to put into practice? It may be… Continue Reading: Everyone Knows You Need to Diet and Exercise
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 2024 The top 5 New Year’s Resolutions were: 1) 1) Improve Fitness – 48% 2) Improved Mental Health – 36% 3) Improved Finances – 32.8% 4) Lose Weight –… Continue Reading: 3 Reasons to Skip the Financial New Year’s Resolutions This Year
I took a statistics class back in college. Like many of my other subjects, I did not do that well in it. I did, however, gain a deeper understanding of what average meant and continue to aspire to get up there someday. Here are Clear Reasons You Need to Carefully Review Government Statistics. The United… Continue Reading: Clear Reasons You Need to Carefully Review Government Statistics
Here are 3 simple reasons to avoid private equity in your 401(k). Private equity is all the rage now. I should clarify that. It is all the rage about having private equity offered to all the Average Joe’s through their 401(k) plans at work. Wait, what? Yes, it is possible you may be given the… Continue Reading: 3 Simple Reasons to Avoid Private Equity in Your 401(k)