First, it was the SECURE Act that passed at the end of 2019. Then the Coronavirus happened sending the markets and the economy into a tailspin. We may be only talking about a couple of months here but planning for retirement has changed because of recent events. So, what will be the new normal? We’re… Read More
Beware of Coronavirus Scams
After a press conference in which President Trump mentioned scientists were testing the potential of using disinfectants as a coronavirus cure, poison control centers across the country reported a spike in calls. In Maryland alone, the Emergency Management Agency fielded more than 100 calls asking about the president’s suggestion. In less than 24 hours of… Read More
When Retirement Comes Sooner Than Expected
Preparing for retirement is discussed so often, that sometimes we can neglect the instances where retirement is suddenly thrust on someone because of unforeseen complications, like a health-related problem. This show dives into that scenario and what can be done to help ensure a comfortable retirement for the retiree. It also discusses the inverse of… Read More
How to Deal With Financial Stress
A recent survey by the National Endowment for Financial Education found that almost 90% of Americans were feeling anxious about their money situation.1 39% were worried about job security 48% worried about paying bills 28% didn’t know if they could pay their utilities 41% were worried about not having enough emergency savings 23% were worried… Read More
What Does National Stimulus Relief Mean for You?
On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security (CARES) Act, a historic $2 trillion stimulus package designed to provide economic relief to Americans affected by the coronavirus pandemic, which by now includes every single person in the country, not to mention around the world.1 While everyone… Read More
Ways the Pandemic May Change the Future of Employment
About 8.5% of U.S. households are headed by a self-employed person. While self-employed households tend to earn higher income than salaried households, research shows they also tend to take the biggest hit during an economic downturn.1 The emergence of independent contractors and the gig economy helped make self-employment a more viable option for Americans after… Read More
America in Recession: A Story Told Before
A recession in America is nothing new, but even after a historic bull run in the market, many Americans still remember the Great Recession of 2008 well. If only there were a crystal ball that could tell us when the next recession will be, but that’s fantasy. However, once you’re retired, there are strategies that… Read More