Three Eroding Forces on Your Retirement Savings

Over 60% of Baby Boomers are more afraid of running out of money than of dying, according to a recent survey.[1] Even retirees who have saved a substantial amount for retirement may be worried about outliving their savings, and there may be good reasons for this. The potential for higher taxes, inflation, and healthcare costs [...]

By |2021-09-07T01:41:10+00:00September 7th, 2021|Economy, Healthcare, Retirement Income, Taxes|0 Comments

How Will Social Security Respond to Higher Inflation?

Inflation is on the rise, and Federal Reserve Chairman Jerome Powell recently testified to Congress regarding the Federal Reserve’s commitment to controlling inflation. He admitted that inflation is “well above target” but didn’t indicate any major changes in Fed policy in the near future.[1] Retirees may need to be concerned about inflation, which can eat [...]

By |2021-08-02T04:05:35+00:00August 2nd, 2021|Economy, Social Security|0 Comments

Is Our Government Anticipating Inflation?

The Consumer-Price Index (CPI) rose to 4.2% in April as compared to last year.[1] We could see higher prices when it comes to travel, food, cars, and other common goods and services. High inflation can hurt retirees who are living off their savings, especially when we have near-zero interest rates. We already see bigger Social [...]

By |2021-06-07T15:36:57+00:00June 7th, 2021|Economy, Financial Planning, government|0 Comments

Have You Factored Inflation into Your Retirement Plan?

We’ve seen increased government spending due to COVID and significant increases in government debt. Some economists theorize that this could lead to increased inflation, and many claim that we are already seeing the effects. Although the official inflation rate may remain low for now, you may notice price increases of everyday items and services. If [...]

By |2021-05-10T11:15:12+00:00May 10th, 2021|Economy, Financial Planning, Retirement Planning|0 Comments

The Pandemic Won’t Be the Last Retirement Challenge You’ll Face

The pandemic has been hard on Americans nearing and in retirement, but there are likely other obstacles coming. Increased government spending on COVID relief plus strain on our healthcare system could mean we’ll see higher taxes, inflation, and healthcare costs in the future. It’s crucial to have a comprehensive retirement plan for the future because [...]

By |2021-03-29T01:00:50+00:00March 29th, 2021|Economy, Retirement Planning|0 Comments

3 Recent Events That Could Show the Future of Your Finances

Planning for retirement is never a “set it and forget it” activity. There are unexpected disasters, market drops, and changing laws that invariably cause retirees to reevaluate their plans of action. Recently, the Federal Reserve’s statements regarding interest rates and inflation, as well as the GameStop stock frenzy, may have you wondering how to respond. [...]

By |2021-02-16T18:50:04+00:00February 15th, 2021|Economy, Retirement Planning, Stock Market|0 Comments

What’s In Store For Us in 2021?

We’re all looking forward to the new year more than usual. Even though COVID will remain in 2021, the changing of the calendar can bring about a new mindset and optimism. But before we forget all about 2020, let’s look at the latest COVID relief bill, which includes more stimulus checks and some changes that [...]

By |2021-01-11T17:04:20+00:00January 11th, 2021|Economy, Financial Planning|0 Comments

What to Know Before Returning to Normal

The good news is that you survived the worst of the coronavirus pandemic, and the bad news is that it’s not quite over yet. For those who are returning to the workplace, restaurants, and socializing again, it’s an exciting time – but also a time that requires caution. Americans age 50 and older are considered [...]

By |2020-06-27T00:55:53+00:00June 27th, 2020|Economy, Lifestyle|0 Comments

Are We Entering the Roaring 20’s Round 2?

While no one knows what this decade will bring, we might look to history for some insight. One hundred years ago, America was reeling from the Spanish Flu and uncertain economic prospects. At the time, many may have been pessimistic, but then we entered the Roaring 20’s. While there is much uncertainty now, we may [...]

By |2020-06-22T04:44:55+00:00June 22nd, 2020|Economy, Financial Planning|0 Comments
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