by Mike Maharrey When the Federal Reserve started raising rates, it precipitated a financial crisis. The central bank managed to paper over the problem with a bailout program, but the crisis continues to bubble and percolate under the surface. According to the latest data from the FDIC, the U.S. banking system is sitting on $517 [...]
by Christine Luken Ever wonder how it would feel to stop worrying about money? Before I hit financial rock bottom at age 26, I constantly worried about money. Will I have enough money for all the bills this month? Will that check clear my account before payday and cause me to be overdrawn? Where in [...]
By Jerry Yu When you contribute to qualified tax-deferred retirement accounts such as traditional 401(k), thrift savings plans (TSP), or IRAs during your working years, you'll have some significant benefits. For one thing, you contribute to these using pre-tax dollars. These contributions reduce the current year's tax liability. Over time, these retirement accounts [...]
The following article is based on a chapter of Sean Sparkman's upcoming new book, "Income-Do: The Way of Mastering Your Money and Your Life." By Sean Sparkman Pathfinders Wealth According to author Patrick K. Hyland, mindfulness is the capacity to perceive our world clearly, without adulteration or manipulation. Mindfulness is one of the most effective [...]
by Rick Sparkman Pathfinders Wealth Created by President George W. Bush in 2006, "donor-advised funds," or DAFs, are a $230 billion industry that’s gone largely unnoticed by most Americans. The idea behind DAFs was to increase philanthropic giving by offering the wealthy better tax benefits to encourage them to support more charitable giving. As [...]
Investor and Youtube influencer Michael Bordenaro takes a look at the giant canary in the coalmine- debt delinquencies. https://www.youtube.com/watch?v=orDLHU_I-C0&t=10s
By Brian Swerdlow Anchor Financial If Americans gained anything positive from the last five tumultuous years, it's the realization that they must drastically re-think their financial planning to include more savings for long-term care. A study from financial services company Genworth concluded that rates for assisted living facilities in the United States increased by an [...]
We're being told by those supposedly in charge that the economy is on an upswing, that everything is OK. But is this truly the case? Dan from the massively popular "IAllegedly" channel explains that millions of ordinary people are surviving by living on credit cards, creating a precarious economic situation. https://www.youtube.com/watch?v=9GaXc788l1Q
by Brian Swerdlow Anchor Financial Greater numbers of hospitals are closing across the United States, especially in rural areas. With all that’s going on in the world right now, you may have missed a quiet but growing crisis that’s affecting seniors, especially those living outside large cities. For the last several years, a [...]
by Brian Swerdlow Two popular choices for retirement savings are annuities and mutual funds. While both annuities and mutual funds serve as retirement savings vehicles, they differ significantly in their features and benefits. However, both can contribute to your financial security and retirement advantage, and both are worth looking into. It pays to understand how each works and the [...]
by Brian Swerdlow 2024 is now well underway, with the landscape of personal finance poised for significant shifts. These changes, driven by a confluence of economic, technological, and regulatory factors, will change the way you earn, invest, save, and spend money. Here are just a few of the critical financial trends to watch out for [...]
by Allison Bell, Think Advisor Contributed by Jerry Yu Drug overdose deaths are combining with COVID-19 to increase mortality in the United States. The U.S. Centers for Disease Control and Prevention recorded 739,429 deaths during the first 12 weeks of the year. That was 0.01% higher than in the first quarter of 2023, and [...]
