Estate planning may sound like something that’s just for “old folks.” It’s not. At almost any age, adults can benefit from estate planning. The need for estate planning becomes even more crucial once you’ve had children. Read on to learn what estate planning is, when you should start estate planning, and the advantages of getting…
How Soon Is Too Soon? When to Start Estate PlanningDetailsToday (November 11, 2021) is Veterans Day. And as we’re spending this month’s Gold News & Views examining the things that make us feel thankful, I want to step away from gold for a week and discuss a topic that’s very important to me as well as our entire team here at U.S. Money Reserve:…
If You’re Thankful for Your Freedoms, Thank a Veteran Today.DetailsMillionaires and billionaires aren’t the only people who can leave a financial legacy—you can, too. Regardless of your income, you have the ability to make a positive mark on your family’s future or a favorite charity by leaving a financial legacy. What Is a Financial Legacy? A financial legacy is something of worth that you…
What Does It Mean to Leave a Financial Legacy?DetailsEvery day, I take a minute to remember all the things I’m thankful for: my health, my family, my “work family” here at U.S. Money Reserve. I’m also thankful for the opportunity to retire (someday!)…but that doesn’t mean I’ll ever stop working to make my retirement more comfortable or working to make a better life…
Being Thankful May Help You Achieve Your Retirement Goals.DetailsNever rebalancing. Cashing out your savings. Forgoing tax planning. These are just three of the ten biggest retirement mistakes that could leave you with a ghost of a retirement portfolio. Take action now to help avoid these retirement missteps. 1. Failing to Diversify Your Portfolio Diversification can help put you in the driver’s seat in…
10 Retirement Moves That Could “Haunt” You for Years to ComeDetailsOn October 22, 2021, Reuters reported that Federal Reserve Chairman Jerome Powell says he finally “think[s] it’s time to taper” the Fed’s massive bond-buying program aimed at injecting extra money into the recovering U.S. economy. Jan Hatzius, chief economist at Goldman Sachs, says that U.S. economic growth is “clearly slowing.” If this shift away from…
Choose Your Assets Based on Their Benefits, Not Their Names.DetailsHalloween can be a fun time to dress up and pretend to be someone or something else. It’s all fun and games because you know who or what is underneath the costume. But what if you didn’t? Likewise, are you sure you fully understand what’s behind some of your asset choices? Learn here about gold…
Do You Have Assets “Dressing Up” as Gold?DetailsThe debt ceiling crisis has been pushed back until December…but there’s still much work to be done, both by Congress and consumers. The Senate has passed a limited increase to the debt ceiling that will allow the federal government to pay its bills until December—but that means Congress has only two months to decide if…
America Is About to Get Its Next Annual Bill—And It’s a DoozyDetailsAn IRA rollover allows you to consolidate former employer-sponsored retirement plans and potentially access a greater variety of asset options. When you’re weighing a rollover of retirement funds, there are two types to consider: direct and indirect. Follow along as we explore the difference between direct and indirect rollovers, the rules for each, and how…
Direct vs. Indirect Rollover: What’s the Difference & What Are the Rules?DetailsFor those in leadership positions within their companies, the start of a new fiscal year is of incredible importance and irreplaceable value. We get the clearest picture of how we did the previous year, showing where we did well and where we might still improve. For the federal government, as well as the U.S. economy,…
As a New Fiscal Year Starts, the Debt Crisis ContinuesDetailsThe U.S. government runs on a different financial schedule than the rest of us. For the federal government, the fiscal year begins October 1 and ends September 30. We discuss why that’s the case and what significant issues are looming for the 2022 fiscal year. What Is a Fiscal Year? “Fiscal year” refers to a…
What Is a Fiscal Year, and How Is it Different From a Tax Year?DetailsRetirement accounts are often “lost” when people switch jobs, go through a major life change like a divorce, or transition among financial institutions. “There are more than 24 million ‘forgotten’ 401(k) accounts containing some $1.35 trillion in assets,” according to a report from Capitalize. The issue is so prevalent that Congress is considering legislation to…
How to Find a Lost IRA and What to Do With ItDetails
