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Global Banks and Economists Predict a Recession within the Next Year
- May 2, 2022
- By: Phil Cannella
- Blog
- Comments are off
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...
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President Biden’s Executive Order on Cryptocurrency
- May 2, 2022
- By: Phil Cannella
- Blog
- Comments are off
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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How Will the War in Ukraine Affect the Economy — And Your Retirement?
- April 8, 2022
- By: Phil Cannella
- Blog
- Comments are off
Russia’s invasion of Ukraine impacted consumers all over the globe — not just politically, but economically. As a result of the war in Ukraine, consumers around the world have experienced supply shortages, increased prices, and growing uncertainty about the future. Th...
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How to Invest for Retirement When You Have Reached Your IRA Contribution Limits
- April 8, 2022
- By: Phil Cannella
- Blog
- Comments are off
If you are saving for retirement, there are several tax-advantaged investment vehicles you can use to build a healthy nest egg. These include IRAs, 401k plans, 403b plans, and more. A Roth IRA is another type of retirement account that allows you to pay taxes upfront ...
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5 Financial Planning Mistakes That Will Cost You Big Time
- February 28, 2022
- By: Phil Cannella
- Blog
- Comments are off
No matter how old you are, your retirement planning strategy will determine your standard of living in the future. Ask yourself, are you prioritizing the right kind of investments? Are you getting advice from the right people? Will you be prepared for any unexpected e...
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How Will Interest Rate Hikes Affect Your Retirement?
- February 28, 2022
- By: Phil Cannella
- Blog
- Comments are off
Ever since the Federal Reserve began slashing its benchmark interest rate in response to the 2008 financial crisis, investors have wondered when rates would start to rise. With the stock market consistently reaching record highs over the past two years and inflation r...
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SEC Proposes Regulations to Prevent Another GameStop Incident
- February 3, 2022
- By: Phil Cannella
- Blog
- Comments are off
In January of 2021, the stock market investing community was turned on its...
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New IRS Life Expectancy Tables for 2022: How Will They Affect Your Required Minimum Distribution?
- February 3, 2022
- By: Phil Cannella
- Blog
- Comments are off
Individual Retirement Arrangements (IRAs) and other types of tax-deferred retirement accounts provide a great way for investors to save money for retirement. If you invest in any IRA-based account or a 401(k), 403(b), or 457(b) plan, it is important to remember that y...
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Prescription Drug Prices Continue to Rise: What Happens When You’re in the Medicare “Donut Hole”
- December 22, 2021
- By: Phil Cannella
- Blog
- Comments are off
If you take prescription drugs and you have noticed higher prices at the checkout counter, it’s not your imagination. An American Association of Retired Persons (AARP) study on retail prices for 260 commonly used medications found that prescription drug costs rose at ...
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China’s Evergrande Group Misses Debt Payment: What This Could Mean for Your Retirement
- December 22, 2021
- By: Phil Cannella
- Blog
- Comments are off
You probably remember the name Evergrande from late September 2021, when the Chinese real estate giant nearly missed an $83 billion bond interest payment on more than $300 billion in debt. The announcement that Evergrande risked missing this payment sparked a selloff ...
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