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How Your Budgeting Needs Change During Your Retirement
- October 3, 2022
- By: Phil Cannella
- Blog
- 0 Comment
As you transition from the accumulation phase of your life – your working years when you save money for the future – to your retirement phase, it is important to think about your short- and long-term budget needs. You might factor in expenses like your mortgage, utili...
Read MoreFederal Reserve Raises Interest Rates – Again
- October 3, 2022
- By: Phil Cannella
- Blog
- 0 Comment
The Federal Reserve raised their benchmark interest rate another 75 basis points at their most recent meeting on September 21st, 2022. This was the sixth-rate hike of the year and the third ...
Read MoreConditioning Investors for Risk
- October 3, 2022
- By: Phil Cannella
- Blog
- 0 Comment
Brokers, regulatory agencies, and the mainstream media often blur the lines between annuity vehicles. Purposefully conflating these types of investment vehicles condition investors to believe the common misconception that all annuities have risk, when in reality, this...
Read MoreEverything You Need to Know about IRA Rollovers
- September 1, 2022
- By: Phil Cannella
- Blog
- 0 Comment
According to data from the Investment Company Institute, 37% of US households own an Individual Retirement Arrangement (IRA), ...
Read MoreGross Domestic Product Shrinks for Second Quarter in a Row: What it Means for Your Retirement
- August 15, 2022
- By: Phil Cannella
- Blog
- 0 Comment
The Bureau of Economic Analysis (BEA) reported on July 28th that U.S. Gross Domestic Product shrank by 0.9% in ...
Read MoreUnraveling This Summer’s Unusual Economy
- August 1, 2022
- By: Phil Cannella
- Blog
- 0 Comment
While 2021 was a boom year for the U.S. economy, it started to crack in the first quarter of 2022. Over the first three months of 2022, Gross Domestic Product (GDP) decreased at an annual rate of 1.6%, down from a 6.9% increase in the fourth quarter of 2021. Throughou...
Read MoreHow to Track Your Expenses as You Prepare for Retirement
- August 1, 2022
- By: Phil Cannella
- Blog
- 0 Comment
Have you ever thought about how much money you spend on gas, groceries, utilities, and other necessities to have a comfortable life? If you want to be prepared for retirement, it is important that you know how much money you will need every month to meet your goals. T...
Read MoreWhat is Your Risk Tolerance and How Does It Change as You Get Older?
- June 2, 2022
- By: Phil Cannella
- Blog
- 0 Comment
If you are saving for retirement, there are a range of investment vehicles to choose from that can help you reach your goals. Most of them, however, come with a certain degree of risk. When the economy crashes, investors typically lose the gains they have made; others...
Read MoreGlobal Banks and Economists Predict a Recession within the Next Year
- May 2, 2022
- By: Phil Cannella
- Blog
- 0 Comment
The U.S. economy mounted an artificial recovery following the COVID crash in 2020. Since January 3rd, the stock market has fallen in and out of correction territory causing economists and gl...
Read MorePresident Biden’s Executive Order on Cryptocurrency
- May 2, 2022
- By: Phil Cannella
- Blog
- 0 Comment
On March 9th, 2022, President Biden issued the “Executive Order on Ensuring Responsible Development of Digital Assets.” This order outlined multiple objectives related to cryptocurrencies an...
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