Money News

Rick Sparkman: IRS Finalizes 2024 RMD Rules: What Beneficiaries Need to Know

by Rick Sparkman Pathfinders Wealth The Internal Revenue Service (IRS) and the Treasury Department have issued the final rules for required minimum distributions (RMDs) for beneficiaries under the 10-year rule, effective September 17, 2024. These rules affect beneficiaries of retirement accounts, mandating annual distributions with the requirement to deplete the entire account within [...]

By |2024-08-08T16:27:01+00:00August 5th, 2024|Investing, Money News, Retirement, Taxes, Watch and Listen|

Brian Swerdlow: What’s being done to help workers affected by AI?

by Brian Swerdlow Artificial intelligence (AI) is poised to transform the workforce, bringing both opportunities and challenges. Predictions suggest that AI will significantly impact job tasks for a substantial portion of the workforce, potentially automating thirty percent or more of work hours. Despite these impending changes, businesses and Congress have done little to [...]

By |2024-08-02T18:19:40+00:00July 31st, 2024|Federal Employees, Lifestyle, Money News, Watch and Listen|

Sean Sparkman: What is financial integrity and how do you achieve it?

Integrity, often defined as doing the right thing even when no one is watching, is a cornerstone of a fulfilling and successful financial life. In Sean Sparkman's upcoming book, "Income-Do," integrity is explored not just as a virtue but as a practical guide to economic success. Integrity means making the right decisions consistently, [...]

By |2024-07-29T23:51:57+00:00July 26th, 2024|Business Owners, Investing, Lifestyle, Money News, Retirement|

Hacks and hackers everywhere- As many as 1-in-3 Americans’ personal information has been compromised

Authored By Tina Reed, published on Axios.com The Change Healthcare cyberattack shook U.S. health care to its core for months and exposed major cyber vulnerabilities. But the likely ripple effects on individuals are only now becoming apparent. Why it matters: As many as 1 in 3 Americans may have had personal information compromised, some of [...]

By |2024-07-17T16:40:55+00:00July 17th, 2024|Lifestyle, Money News, Protect your wealth|

Jerry Yu: Fraud against seniors has reached epidemic proportions in 2024; know how to protect yourself and your loved ones.

Approximately one in six Americans are now 65 or older, a percentage that is only going to increase in the coming years. This demographic shift has resulted in many challenges, particularly when it comes to financial issues. Financial exploitation of older adults, many of whom hold significant assets and economic decision-making power, is [...]

By |2024-07-02T01:15:34+00:00July 1st, 2024|Money News, Protect your wealth|

Could your bank be in trouble? New study shows many banks could be on the verge of collapse.

Authored By FAU BY NA | 6/3/2024 More than 60 of the largest banks in the country are at increased risk of failure due to their commercial real estate (CRE) exposures, according to a data analysis from a finance expert at Florida Atlantic University. Sixty-seven banks have exposure to commercial real estate greater than 300% [...]

By |2024-07-17T16:24:27+00:00June 27th, 2024|Business Owners, Investing, Money News, Protect your wealth|

Jerry Yu: Approaching retirement? It’s crucial to consider these often overlooked expenses in your planning.

by Jerry Yu Financial services marketing can be seductive and somewhat deceiving. In brochures and on websites, you often see a happy couple lounging on a calm white beach. They're holding hands like love-struck teens and sipping icy cocktails without a care in the world.   If you believe the marketing hype, once you've retired, the [...]

Sean Sparkman: (Video) Creating financial confidence.

(this video is based on Sean Sparkman's upcoming book: Income-Do:The Way of Mastering Money and Your Life. ) Find out more about Sean Sparkman and get on the waiting list for your copy of Income-Do. Office Line: (313) 246-9278 Cell Phone: (248) 325-7059 Safe Money Trends Articles: www.safemoneytrends.com/author/seansparkman/ Learning Center: seansparkman.retirevo.com Company Site: safeandsoundretirement.net Insight Folios: www.insightfolios.com/team-member/sean-sparkman Facebook: facebook.com/safesoundretirement [...]

Sean Sparkman:Discipline can be the path to a more prosperous financial life.

(this article is excerpted from Sean’s upcoming book: Income-Do:The Way of Mastering Money and Your Life. ) by Sean Sparkman Pathfinders Wealth   Martial arts legend, actor, and author Bruce Lee believed that acquiring the faith to pursue any goal involves possessing a positive mindset.  Unfortunately, positivity doesn't come naturally to most of us.  [...]

Sean Sparkman: Perseverance and wealth- what the “Rule of 72” teaches us.

(this article is based on an excerpt from Sean's upcoming book: Income-Do:The Way of Mastering Money and Your Life. ) “Instant gratification is bad for your health and your wealth.”  Sean Sparkman  by Sean Sparkman Many people, myself included, find they struggle with the concept of delayed gratification, at least occasionally.  Most of [...]

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