I Bonds: What You Need to Know to Earn Nearly 10% on (Some) of Your Money

I-Bonds, issued by the Federal Government, have become very popular this year (2022) as inflation is top of mind (and financial news) for most people.

What’s the Best Investment You Can Make? Partnering with a Financial Advisor

Nobody wants to hand over the money they worked so hard for without a good reason. Hiring a financial advisor is no different in these times of simple online brokerages and streamlined apps. Since the stock market is as accessible as ever, one may find themselves pondering the necessity of a financial planner. Indeed, however, there is a multitude of reasons why partnering with a financial professional is one of the most profitable long-term investments one can make.

Expertise

On the surface of things, investing is basic enough. Plus, there are a plethora of guides floating around the internet explaining overall strategies, plus more than a few ‘get rich quick’ schemes waiting for a gullible investor.

5 Things That Have Changed In Modern Retirement Planning

People are retiring (living) for a lot longer.

The Social Security system hasn’t been around for even 100 years yet. When it began making regular payments to Americans back in 1940, the average retirement age was 65… and so was the average life expectancy for those that made it to adulthood. At birth, the life expectancy was actually only 58 due to the high infant and child mortality rate. It was normal to work your entire life and then pass away after only a very short (if any) retirement. Oh, how things have changed!

Life expectancy has risen dramatically over the past century and today is almost up to age 80.

Most People Are Unknowingly Borrowing Tax Money from the IRS, Are You?

Did you realize that you’re taking a small loan from the IRS each time you contribute to your IRA or 401K?

 

Well, are you contributing to a tax-qualified plan, like an IRA or 401(k), as a way to save for retirement?

 

Millions of Americans are, every payday. This is slowly and steadily creating several ticking tax time bombs for you, just waiting to go off in retirement, or sooner in some cases. If you’re tired of borrowing from the IRS and don’t want the burden of a tax lien on your retirement accounts, read on.

 

Your Tax Deductions are a Loan

 

Here’s a secret.…

The Biggest Problem with Retiring Early? Health Insurance

Is health insurance preventing you from retiring early?

 

This is the reality for many hardworking individuals who want to quit working before they turn 65 or think of retiring early. But dealing with the high costs of health insurance (and the increasing need for it as they age) before becoming eligible for Medicare means that they feel forced to keep working. 

Even those that have made savvy financial choices during their working lives and have saved a considerable amount are finding it nearly impossible to retire early. And those that do proceed with an early retirement find that they’re spending a sizable portion of their nest egg on healthcare since they’re no longer covered under their employer’s plan.

How Much Risk Is In Your Portfolio?

If you knew you could pursue any dream or make any major change without risk, what would you do?

By Jimmy Miller

The fear of taking a risk and experiencing loss or failure tends to hold us back. We’re not saying to throw caution to the wind and do something crazy without evaluating potential consequences, but it’s important to recognize that human beings are naturally averse to loss. In our minds, the pain of losing is more powerful than the potential to achieve gains.1

How does this foray into psychology connect to your finances? Quite simply, one thing we are most afraid to lose is money.…

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