With the stock market hitting record highs and many economic indicators reporting strong numbers recently, many Americans are left asking why it doesn’t feel like the economy is doing great and why many analysts continue to predict a recession. While individual...
Many Americans think about saving for retirement, but how many actually have a retirement account? According to data from the Board of Governors of the Federal Reserve System, 25% of non-retirees have no retirement savings at all, and of those who do, 55% have a...
After nearly three years of stubbornly high inflation, the rate of price increases in the United States finally appears to be slowing down. U.S. Consumer Price Index data for October 2023 shows an overall 3.2% increase in prices year-over-year and no increase for...
It is no great secret that America is getting older. The birth rate in the U.S. has fallen by more than half since the early 1960s. Typical life expectancy in the U.S. has increased by about a decade over the same span. The last members of the Baby Boomer generation,...
Tax season is a great reminder to review your retirement savings strategies and make changes that will enhance your prospects for long-term financial security. It's also a good time to start an Individual Retirement Account (IRA) if you don't already have one. The...
Most people have heard of an IRA, or individual retirement account. However, many people are surprised by the number of types of IRAs that exist, as well as the number of strategies they can utilize to maximize their retirement savings. One such retirement savings...
Gold has played a pivotal role in human societies for thousands of years. From its uses in jewelry and technology to serving as a monetary standard for major economies, gold has held multifaceted significance in history. Today, the appeal of physical gold endures,...
An individual retirement account (IRA) is a financial tool used by millions of people to save money for the years after they are done working. But what if you don’t work outside the home? What if you’re a spouse who decided to focus on taking care of your home and...
Efficient frontier is a financial strategy that’s all about gauging return versus risk. It’s a concept that is used by financial advisors to inform which assets or asset classes should be included in a portfolio. The goal of efficient frontier is to maximize returns...
Back in the 2010s, a Rhode Island couple made a smart move when they purchased gold to include in their IRA. However, they overlooked one important guideline regarding storage of precious metals. They kept their IRA gold in home storage instead of at an IRS-approved...
If you have accumulated wealth, you may be wondering if you should focus on preserving that wealth or accumulating more. While many people may automatically think accumulating more wealth is the way to go, that may not always be the case for every financial situation....
The U.S. political landscape has become more polarized than ever before. In fact, a study of developed democracies around the world found that the political polarization trend in the U.S. is more dramatic than in any other country in the study. In the months prior to...
