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The Planned Solutions, Inc. Blog is your one stop shop for all your financial planning advice and news to keep you up to date with your financial goals.  If you would like to subscribe to our email newsletter which includes blog posts plus extra announcements, please email Katie@plannedsolutions.com.

 

Wednesday, August 7, 2019

The declining mortgage rates continue to present opportunities for homeowners to refinance their mortgage loans to lower the interest rate or cash out equity. Refinancing your loan could provide many financial benefits including access...

 

Friday, August 2, 2019

Underfunded public and private pension plans has been a major source of concern in recent years. A lot of emphasis has been put on the grossly underfunded public pension plans in states like California and Illinois. However, many...

 

Thursday, August 1, 2019

The stock market responded positively to the US second quarter economic growth rate. According to the Bureau of Economic Analysis, the US economy grew 2.1% in the second quarter of 2019. This has been called the Goldilocks number as it...

 

Wednesday, July 31, 2019

As of 2018, the de minimis annual gift limit increased from $14,000 to $15,000 per year. This means that any individual can gift up to $15,000 to as many recipients as they desire without creating any gift tax reporting requirement...

 

Tuesday, July 30, 2019

Even with the gridlock in Washington there are some bipartisan bills that are advancing through the process to become law. Among the bills inching forward is the SECURE Act (Setting Every Community Up for Retirement Enhancement). This...

 

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Monday, July 22, 2019

The recent earthquake in Southern California is a reminder of the potential for a natural disaster that many people are not insured against. Fortunately, the earthquake in Southern California occurred in a relatively low population...

 

Friday, July 19, 2019

Interest rates declined sharply in the first half of 2019 as the bond markets priced in expectations for slower economic growth. The yield on the benchmark 10-year US Treasury bond decreased from over 3% last Fall to just below 2% in...

 

Tuesday, July 2, 2019

The Bank of America Merrill Lynch Fund Manager Survey reported that professional mutual fund managers are the most bearish they have been since the financial crisis. The survey shows that 21% of fund managers are underweight global...

 

Friday, June 28, 2019

Following the passage of the Tax Cuts and Jobs Act of 2017 many speculated that charitable contributions could decline in 2018. While the bill did not do away with the ability of taxpayers to deduct charitable contributions as an...

 

Friday, June 14, 2019

Typically, when a retiree reaches age 65 they sign up for Medicare which is the foundation of their health insurance plan. Medicare consists of several parts. Part A, which covers hospital expenses, is no cost. Part B, which covers...

 

Thursday, June 13, 2019

Financial abuse of the elderly is becoming more prevalent as creative scammers continue to prey on a growing demographic. While senior citizens may be the most vulnerable to financial abuse, financial abuse can happen to anybody and it...

 

Tuesday, June 11, 2019

Fraudulent calls from the IRS demanding payment for past taxes have become so common that many people have caught on and know to hang up on the callers. So, as they usually do, the scammers have changed their tactics. Now they are...

 

Monday, June 3, 2019

You can’t leave your money in an IRA forever, nor can you leave it in your 401k plan forever either. Eventually, Uncle Sam will want to collect tax revenue on the money you have deferred into your 401k or IRA by requiring that...

 

Monday, June 3, 2019

Graduation season is upon us and in only a few months many high school graduates will be off to college. For many, college will be their first time away from home and the first step towards independence. Legally, they will also be...

 

Thursday, May 16, 2019

To insure, or not to insure? When thinking about planning for potential Long-Term Care expenses, many ask if they need insurance and if they do, what the most cost-effective method is. The first task is to determine the estimated...

 

Friday, May 3, 2019

A report recently issued by the trustees of the nation’s Social Security system offers some dire predictions. The report estimates that Social Security benefits will exceed the income from Social Security taxes in 2020....

 

Wednesday, May 1, 2019

No detail is too small. While naming a beneficiary can be as simple as listing the name of an individual or entity, it is often the most overlooked and neglected task in one’s financial plan. The financial and administrative...

 

Monday, April 29, 2019

Just as the summer driving season is about to begin oil prices have once again become a popular topic of conversation. The higher prices at the gas pump may make a summer road trip more expensive.

 

Thursday, April 18, 2019

Property and Casualty insurance (home, auto, and liability insurance) is one of those things that most people don’t spend much time thinking about. The renewal notice comes in every six months or year, we pay it, and ignore it...

 

Friday, April 5, 2019

The IRS recently released its “Dirty Dozen” tax scams for 2019. This annual list covers the major areas where the IRS is seeing the largest amount of tax cheating and fraud. This year the IRS chose to focus on the more...

 

Monday, April 1, 2019

Now that we’re in the second half of tax season, we’re observing that the rumors were indeed correct. While many taxpayers may have benefited from the Tax Cuts and Jobs Act, they unfortunately don’t feel the benefits...

 

Monday, March 18, 2019

The Bureau of Economic Analysis posted its first estimate of US economic growth in February following a one month delay due to the government shutdown in January. The report shows that the US economy grew 2.6% in the fourth quarter,...

 

Thursday, March 14, 2019

The US trade deficit has been a hot topic in recent years as the US has imposed or increased tariffs on a variety of foreign sourced goods in an effort to reduce the US trade deficit. Yet the result has been the opposite of what many...

 

Wednesday, March 13, 2019

This tax season there has been a misconception that the mortgage interest deduction is capped or was eliminated. In fact, following the Tax Cuts and Jobs Act, taxpayers can deduct home mortgage interest on the first $750,000 of home...

 

Friday, March 8, 2019

Consumer spending makes up approximately two-thirds of US economic output. Therefore, the attitudes of US consumers and their pace of spending is an important indicator of the overall health of the US economy. One of the data points...

 

Thursday, March 7, 2019

One of the primary objectives of tax planning is to reduce an individual’s tax liability. This is often done by finding tax deduct-ions that can be used to offset income that would otherwise be taxable. In some cases an...

 

Monday, February 25, 2019

Consumer spending is an important driver of US economic growth. Consumer spending represents approximately two-thirds of all US economic output making it a very important determinate of the health of the US economy. Recently, economic...

 

Thursday, February 21, 2019

The Tax Cuts and Jobs Act of 2017 expanded the definition of “qualified higher education expenses.” In the past this definition required enrollment in a qualified post-secondary educational program that qualifies for...

 

Friday, February 15, 2019

This time of year millions of Americans prepare their income taxes, sign the E-file forms, and then transmit their financial information to the IRS. Where does the information go? What does the IRS do with it? How does this impact the...

 

Thursday, February 7, 2019

The IRS recently announced that it will reduce the underpayment penalty threshold from 90% of the tax owed to 85%. Historically, taxpayers who paid in at least 90% of their total tax liability during the year would not be subject to a...

 

Wednesday, February 6, 2019

The IRS expects a significant increase in the number of taxpayers using the new Standard Deduction for tax year 2018. The new Standard Deduction increases to $12,000 for Single Filers and $24,000 for Married Filers, which is nearly...

 

Wednesday, February 6, 2019

As many financial analysts expected, part way through the fourth quarter 2018 earnings season the reports have reflected mixed results. Some industries, such as financials, have reported fairly solid earnings compared to...

 

Monday, January 21, 2019

Tax season is approaching, which means for some taxpayers they will finally receive their tax refunds to replenish their savings or tackle the home improvement project they’ve been saving for. For others, their refunds may be the...

 

Friday, January 18, 2019

It has only been a couple of weeks since the calendar turned over to 2019. Yet a clear theme has already emerged as the key risk that threatens to define the year when it comes to the economic data and the markets: Political risk in...

 

Wednesday, January 9, 2019

Consumer spending represents approximately two-thirds of US economic output. Therefore, economists track consumer activity and sentiment indicators closely when creating economic forecasts. However, in the fourth quarter the consumer...

 

Friday, January 4, 2019

The trade war between the US and China has drawn on for six months with little progress toward a resolution. The US placed tariffs on a variety of Chinese goods in June. China responded in-kind by increasing tariffs on US exports,...

 

Friday, December 21, 2018

Taxpayers have just a few weeks left to make their charitable contributions for the 2018 tax year. In order to qualify for the tax deduction, the deduction must be made by the end of the year and must be made to a qualified...

 

Thursday, December 20, 2018

Interest rates have made headlines this year as the Federal Reserve continued to push short-term rates higher. Longer-term interest rates also increased although by less than short-term rates and the yield curve (graphical depiction of...

 

Wednesday, December 19, 2018

Market sentiment appears to have shifted abruptly in 2018. For the first part of the year Wall Street seemed quite optimistic following the corporate tax cuts in late 2018 which translated into strong earnings reports and solid...

 

Monday, December 17, 2018

Tax Loss Harvesting is a strategy that involves selling certain investment positions (stocks, bonds, mutual funds, ETFs, etc.) at a tax loss to offset realized capital gains or other taxable income up to the $3,000 limit. A capital...

 

Friday, December 14, 2018

One of Warren Buffett’s many notable quotes seems particularly timely at the moment. Buffet once said: “The less prudence with which others conduct their affairs, the more prudence with which we should conduct our own...

 

Monday, December 10, 2018

The stock market has become increasingly focused on Federal Reserve policy and the future path for interest rates. So much so that the comments from various Federal Reserve Open Market Committee (the committee tasked with setting...

 

Wednesday, December 5, 2018

The IRS recently announced an increase in retirement plan contribution limits for 2019. These limits are tied to the rate of inflation and typically have a minimum adjustment amount of $500. The contribution limits for 401k type plans...

 

Monday, December 3, 2018

The US federal government ran a deficit of over $100 billion in the month of October. This is a 59% increase from October 2017 and puts the deficit on pace total $1 trillion for the year. The combination of the tax cuts passed in late...

 

Friday, November 30, 2018

The home construction industry has been reeling recently as a combination of factors has caused builders to become more cautious. The National Association of Home Builders added the most recent bad news when they announced that...

 

Monday, November 12, 2018

Technology stocks led the way for the first seven months of 2018. The relative strength of technology stocks for the first part of the year shows a strong upward trend indicating that technology outperformed the broad market by a large...

 

Friday, November 9, 2018

The days of sales people fighting for a larger expense account has been changing over the past year. Instead of working out how to leverage an expense account to find new customers and keep existing customers happy, many companies have...

 

Friday, November 2, 2018

The Social Security Administration recently announced the 2019 Cost-of-Living Adjustment (COLA). Starting January 2019 Social Security beneficiaries will receive a 2.8% increase in benefits, which is 0.8% higher than the 2018 increase...

 

Friday, October 26, 2018

In the past cash management was a big part of financial planning. The goal was to allocate cash holdings, whether it be money set aside for future expenses, an emergency fund, money to which a goal has not yet been assigned, to an...

 

Monday, October 22, 2018

IRA owners are required to begin taking Required Minimum Distributions by April 1st the year after they turn 70½ at the latest. The RMD is calculated using the IRA balance as of the end of the prior year and an age factor that...

 

Friday, October 19, 2018

Longer-term US interest rates may have finally given in to the upward pressure from short-term interest rates. This month the benchmark 10-year Treasury bond yield moved through its long-term trading range to levels that have not been...

 

Monday, October 15, 2018

The amount of student loan debt outstanding increased substantially following the Great Recession. Student loan debt now represents over $1.5 trillion and continues to increase, partly because borrowers are not aware of their options...

 

Wednesday, October 3, 2018

A recent survey of investment managers by Bank of America Merrill Lynch shows that they are becoming more pessimistic. In fact, according to the most recent survey, pessimism is at its highest level since late 2011 with nearly a...

 

Monday, October 1, 2018

Revocable Living Trusts provide the grantor(s) of the trust (the individuals who create the trust and provide the assets that fund the trust) the flexibility to make changes throughout their lifetime. The assets of a Revocable Living...

 

Friday, September 28, 2018

US interest rates have increased this year as the Federal Reserve continues to hike short-term rates and investors demand higher returns on longer-term lending. This has pushed the yield on the 10-year US Treasury bond, a key interest...

 

Friday, September 21, 2018

The US Conference Board announced that consumer confidence reached a cyclical high in August of 133.4. This is the highest reading since October 2000 following the boom years of the late 1990s. This is a strong sign that consumers are...

 

Wednesday, September 19, 2018

A Revocable Living Trust is an estate planning document used to transfer one’s property effectively and efficiently upon one’s passing. Many families and individuals establish a Revocable Living Trust to avoid the probate...

 

Monday, September 17, 2018

It is important to avoid making investment decisions purely on the basis of fees. It is more important to make sure the investment fits the investment objectives, long-term goals, and diversification target for the investment portfolio.

 

Friday, September 14, 2018

The House Ways and Means committee has released the details of a second tax bill that is largely designed to help Americans save for their future. Naturally, the bill is just a draft and will likely go through a number of changes and...

 

Wednesday, September 12, 2018

Many people do not realize that Medicare Part B and Part D premiums are means tested until it is too late.

 

Friday, August 31, 2018

The US stock market recently set yet another milestone -according to the methodology used by some financial analysts the current bull market is the longest recorded. It has now been 9.5 years since the stock market bottom in March of 2009.

 

Friday, March 23, 2018

We are often asked how long an individual should keep their income tax records.

 

Monday, March 19, 2018

Under the new tax law, many taxpayers will not benefit, or benefit very little, form the mortgage interest tax deduction.

 

Tuesday, March 6, 2018

One of the tax deductions that can be the most difficult to track is the Vehicle License Fee paid to a state’s Department of Motor Vehicles.

 

Thursday, May 11, 2017

Many taxpayers who engage in a Roth conversion (transferring money from a traditional IRA to a Roth IRA) are unaware of the option to undo the conversion if needed. The process of undoing a Roth IRA conversion is called a Roth IRA recharact

 

Thursday, May 11, 2017

US stocks have outperformed foreign stocks by a wide margin over the past several years. This has led to reduced returns for well-diversified portfolios which typically hold 30-40% of their stock allocation in foreign stocks. However, this

 

Wednesday, April 26, 2017

The Trump administration appears to be shifting gears away from health care reform and immigration issues to focus on tax reform. Trump recently announced that his admin-istration will be announcing the broad outline for tax reform this wee

 

Wednesday, April 26, 2017

Taxpayers who are not eligible to contribute to a Roth IRA may still be able to invest in a Roth IRA. The process, called a Roth Conversion, involves transferring money from a Traditional IRA into a Roth IRA. However, it is important to not

 

Wednesday, April 26, 2017

The first round of the French Presidential election occurred on Sunday. The election narrowed the field to just two candidates, Emmanuel Macron and Marine Le Pen. Macron, who represents the pro-globalization and pro-Euro view, received the

 

Thursday, April 20, 2017

The March Federal Reserve minutes contained several statements expressing concern about the high level of stock prices compared to valuation factors, such as company earnings. This could be a sign that the Fed is becoming concerned about th

 

Thursday, April 20, 2017

The Roth IRA is a valuable tax and retirement planning tool. Contributions to a Roth IRA do not give an income tax deduction but the distributions are tax-free in retirement. In some cases taxpayers can contribute to a Roth IRA directly, wh

 

Thursday, April 20, 2017

The Federal Reserve faces a difficult task in normalizing its interest rate policy. Not only will the Fed need to increase short-term rates at a pace that will not tip the economy into recession, but it will also have to shrink its holdings

 

Wednesday, April 5, 2017

The high level of household debts in the US is showing up on the financial statements of deceased individuals. According to a recent study, 73% of Americans carry some form of debt when they pass away. The average amount of debt is $61,554

 

Wednesday, April 5, 2017

It is an unfortunate fact that the US tax withholding system is not very effective. This can lead to large refunds or large amounts owed depending on an individual’s situation. In addition, when income changes from year to year, the a

 

Wednesday, April 5, 2017

The stock market has posted strong returns since the presidential election. Much of this has been fueled by investor optimism over the prospects for corporate tax reform and reduced regulation on certain industries. However, given the failu

 

Wednesday, March 22, 2017

The January inflation date exceeded 2% for the first time in many years. One of the major contributing factors was the year-over-year increase in oil prices from January 2016 to January 2017. However, oil prices have declined by 13% in the

 

Wednesday, March 22, 2017

Individual Retirement Arrangements (IRAs) are personal investment accounts that allow individuals to save for retirement in a tax-advantaged manor. There are two types of IRAs, traditional IRAs and Roth IRAs. Each comes with a different set

 

Wednesday, March 22, 2017

It is tax time again. This makes it a great time to review where the federal government actually spends our tax dollars. The largest spending categories are Social Security (33%), Medicare (27%), and military (16%). The next in line is inte

 

Friday, March 3, 2017

We are often asked how long an individual should keep their income tax records. The general answer is that the IRS has three years from the due date of a tax return to review or audit the return. After the three year statute of limitations,

 

Friday, March 3, 2017

US household debt is once again near its 2008 peak. A rebound in auto debt and student loan debt has led the increase in household debt. Meanwhile, the increase in mortgage debt, the largest segment of household debt, has increased slowly a

 

Friday, March 3, 2017

Official US data shows a strong increase in both retail sales and inflation in January. This contributed to a year-over-year increase of 5.6% for retail sales and 2.5% for consumer prices. Energy prices were a large contributor to both reta

 

Friday, March 3, 2017

Housing prices continued to increase in 2016. Prices continued their upward trend despite an increase in interest rates over the past six months of the year. While rising interest rates can be a negative for housing prices, there are others

 

Tuesday, February 28, 2017

The average cost of a wedding increased nearly 10% to $35,329 in 2016. When the average cost of the honeymoon of $3,400 is added, the total cost of getting hitched is now nearly $40,000. In addition, the couple (or their parents) are increa

 

Wednesday, February 22, 2017

As a reminder, our biweekly newsletter is available via a podcast hosted by Planned Solutions. The podcast is available on the Apple podcast App and on Andriod devices via Google Play.   Search Planned Solutions on your podcast ap

 

Tuesday, February 21, 2017

People tend to think in terms of extremes. As our environment changes, our outlook for the future changes, causing us to alter our behavior in response. We tend to ignore the benefits from moderation, which requires a longer-term view and a

 

Friday, February 17, 2017

One important income tax deduction for many taxpayers is the personal income tax exemption. In 2016 taxpayers can claim a deduction of $4,050 for each taxpayer or dependent listed on their return. However, it is important to make sure that

 

Wednesday, February 1, 2017

Federal Reserve Governor John Williams was the keynote speaker at the Sacramento Business Review this year. During his presentation he made a case for the Federal Reserve Open Market Committee, of which he is a voting member, to increase in

 

Wednesday, February 1, 2017

The Dow Jones Industrial Average finally broke through the 20,000 level in late January. In anticipation of the event many news outlets have published stories about what large round numbers on major market indices mean. In reality, the 20,0

 

Wednesday, February 1, 2017

Individuals who have an IRA and are over age 70 ½ or who inherit an IRA may be subject to Required Minimum Dist-ributions (RMDs). This is a minimum amount that must be withdrawn which is based on the value of the account and an age fac

 

Wednesday, February 1, 2017

Chase recently participated in the Sacramento Business Review (SBR) economic forecasting event. The SBR focuses on the factors that are driving the economy of the Sacramento Region including labor market growth, residential and commercial r

 

Thursday, January 19, 2017

In preparation for the upcoming tax season, we mailed out tax organizers to all of our tax preparation clients last week.   If you did not receive a tax organizer but are interested in having Planned Solutions prepare your income

 

Thursday, January 19, 2017

According to the US Department of Agriculture, the cost of raising a child from birth to age 17 increased 3% last year to over $233,000. The increase was largely driven by an increase in housing costs, which can account for nearly one-third

 

Monday, January 16, 2017

Last year the stock market started the year out on a sour note after the Federal Reserve increased interest rates in December 2015. This year many expected the same reaction following the Fed’s December 2016 rate increase. However, th

 

Thursday, December 15, 2016

The holidays are often a time when people are more motivated to give to charity. In addition to the good feeling that charitable donations can bring, they may also qualify for a tax deduction. However, the IRS rules are complicated. So if a

 

Thursday, December 8, 2016

Mortgage rates are on the rise. Mortgage brokers are now changing their tactics away from emphasizing lower rates to focusing on shortening the term of the mortgage. Often the message is that refinancing to a 15 year mortgage will result in

 

Thursday, December 8, 2016

The IRS recently released the retirement and Social Security contribution limits for 2017. Many of these limits are adjusted for inflation, subject to certain minimum adjustment amounts. Therefore, some of the limits increased this year whi

 

Tuesday, December 6, 2016

As a reminder, our biweekly newsletter is available via a podcast hosted by Planned Solutions. The podcast is available on the Apple podcast App, on Andriod devices via Google Play, and on a desktop computer through SoundCloud.com. Just sea

 

Wednesday, November 16, 2016

A recent poll by BankRate.com shows that nearly two-thirds of Americans report that they are pulling back on spending. Given that approximately 70% of US economic growth is personal consumption spending, this may be an indication of slow ec

 

Wednesday, November 16, 2016

Little about the current economic cycle has conformed to historical norms. The employment recovery proved to be sluggish compared to past cycles. Interest rates have been held at low levels for most of a decade. And many historical economic

 

Wednesday, November 16, 2016

The Affordable Care Act, with its broad and diverse set of new regulations, has been a challenge for individuals and business leaders. It has also been a challenge for the IRS, the agency tasked with enforcing the law. This has led to confu

 

Thursday, October 6, 2016

Several central banks around the world have pushed interest rates into negative territory. If they continue to decrease rates, it may cause savers to hoard cash which offers zero return rather than negative returns. This could put a limit o

 

Thursday, October 6, 2016

Fixed Indexed Annuities have gained popularity following the financial crisis. Clients are often drawn to these products for principal protection. Financial advisors often sell them because they pay high commissions. However, many clients w

 

Thursday, October 6, 2016

S&P 500 earnings rebounded slightly in the second quarter. This ended a six quarter (18 month) streak in which the trailing 12 month earnings for the S&P 500 declined. However, despite the small rebound, S&P 500 earning are now

 

Thursday, September 22, 2016

The Congressional Budget Office (CBO), the bipartisan financial research arm of the US Congress, recently announced that the US budget deficit is projected to increase in 2016. This will be the first year since 2009 in which the budget defi

 

Thursday, September 22, 2016

Peer-to-Peer money transfer services in which individuals transfer money to each other without using a traditional bank intermediary are becoming more popular. These services can be a good way to transfer money quickly without incurring hig

 

Thursday, September 22, 2016

The Institute for Supply Management (ISM) reports for both the services and manufacturing sectors of the U.S. economy declined sharply from July to August. The reports showed declines in several sub-indexes including new orders, business ac

 

Wednesday, August 31, 2016

One of the themes to watch this earnings season is the reduction in stock buyback announce-ments. So far, stock buyback announcement have totaled just $1.6 billion dollars. This is a four year low and well below the average of $50 billion p

 

Wednesday, August 31, 2016

Individuals who utilize a high deductible health insurance plan may be able to make tax deductible contributions to a Health Savings Account (HSA). Health Savings Accounts can be used to fund medical expenses that are not covered by insuran

 

Wednesday, August 17, 2016

Many people believe that they are not saving enough to fund their retirement income needs. Of those surveyed, a large portion said they will plan to work into their retirement years to subsidize their income should their savings prove insuf

 

Wednesday, August 17, 2016

Some people choose to forgo signing up for Medicare part D when they become eligible for Medicare. Part D covers prescription drugs which may not be a large concern for a healthy 65 year old. However, those who do not sign up for part D whe

 

Wednesday, August 17, 2016

Despite expectations that Federal Reserve money creation would lead to hyperinflation, official inflation rates have been below the historical average since the Great Recession.  This is partly due to the deflationary pressure that dec

 

Wednesday, August 3, 2016

The Federal Reserve Open Market Committee, which sets short-term interest rates in the US, voted to maintain its target of between 0.25% and 0.50% in July. The committee’s official statement referenced stronger economic data in the US

 

Wednesday, August 3, 2016

Housing data has continued to be strong. Home prices as well as new home sales, starts, and permits have all been strong. This is likely the result of a housing shortage which has created a supply-demand imbalance. Even at current rates, th

 

Wednesday, August 3, 2016

Low interest rates and below average stock returns have created a challenge for the nation’s pension systems. Many pension systems, including CalPERS, the nation’s largest pension system, are now underfunded by a wide margin. Th

 

Wednesday, July 20, 2016

Charles Dow, the creator of the Dow Jones Industrial and Transportation averages is also known for Dow Theory. Dow Theory states that transportation companies often foreshadow changes in the overall economy and therefore should be watched c

 

Wednesday, July 20, 2016

Mortgage rates have declined significantly following the Brexit vote. US Treasury bonds rates or are now at a historic low. This decline is evident in mortgage rates, which are now at levels not seen since 2013. If you still have a mortgage

 

Wednesday, July 20, 2016

A recent study shows the average IRA account balance by age. It highlights the fact that the average American has not saved enough to maintain their standard of living in retirement. There are a variety of reasons for this shortfall, only o

 

Tuesday, July 5, 2016

The ninth key to financial happiness is to have a sufficient emergency fund. Financial emergencies can lead to stress. Not having an emergency fund can lead to feelings of financial instability. Building up and maintaining an emergency fund

 

Tuesday, July 5, 2016

The UK is scheduled to vote on Thursday, June 23rd as to whether the UK should leave the European Union (EU). While the vote was primarily triggered due to concerns about EU migration policies, it could have short-term and long-term implica

 

Wednesday, June 15, 2016

The eighth key to financial happiness is to save more and avoid using debt for purchases that will not offset future expenses or increase future income. This may require deferring personal consumption expenditures until after saving the mon

 

Wednesday, June 15, 2016

According to official data the US economy added just 38,000 jobs in May, well below economist estimates. In addition, the March and April job numbers were revised downward potentially signaling weakness in the labor market. While one month

 

Thursday, June 2, 2016

There has been a lot of talk in the media about the possibility of another Federal Reserve interest rate hike in June. Interest rates are a popular topic in the financial press because they have a large and diverse impact on the economy and

 

Thursday, June 2, 2016

The seventh key to financial happiness is to make sure that you have a plan to fund your financial needs, both now and in retirement, before spending a significant amount of your financial resources on wants. Failing to fund your needs will

 

Tuesday, May 3, 2016

Interest rates in Europe and Japan are negative, with bank depositors and bonds investors actually paying institutions to hold their money. In the US, real interest rates (interest rates less the rate of inflation) also turned negative rece

 

Tuesday, May 3, 2016

The sixth key to financial happiness is to avoid spending more than you can afford. This may seem simple in theory but can be difficult to do in practice. The key is to calculate the amount that you can afford to spend after funding other f