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Retirement Plan Contribution Limits Are Going Up in 2023
Although 2022 has been a tough year for retirement savers, the IRS has good news for those who are trying to build a nest egg. On October 21st, 2022, the IRS announced that retirement plan c...
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This Week’s Radio Show: Newton’s Law
In January 2022, Phil Cannella and Joann Small predicted that the stock market was going to crash and urged risk investors to protect their hard-earned retirement funds. In the months that followed, investors witnessed multiple bear markets throughout 2022 and heading...
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Social Security’s Largest Cost-of-Living Increase in 40 Years: Will it be Enough?
As inflation stayed consistently high throughout much of 2022, the Social Security Administration (SSA) announced an 8.7% cost-of-living adjustment (COLA) for Social Security beneficiaries starting in 2023. This is the largest COLA since they increased benefits by 14....
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Are You Missing Out on Government Benefits in Retirement?
American seniors today face more financial challenges than any other group of retirees in history. A declining economy, combined with record-high inflation, has depleted retirement accounts, and raised the prices of goods and services across the board. Even two consec...
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Adjusting Your Investment Strategy as You Age
There are three phases that every investor goes through as they make investment decisions during their life. While it would seem logical for investors to naturally progress through these phases, the truth is that many investors fail to adjust their investment strategy...
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How Your Budgeting Needs Change During Your Retirement
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...
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Federal Reserve Raises Interest Rates – Again
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 ...
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Conditioning Investors for Risk
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...
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Everything You Need to Know about IRA Rollovers
According to data from the Investment Company Institute, 37% of US households own an Individual Retirement Arrangement (IRA), ...
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Gross Domestic Product Shrinks for Second Quarter in a Row: What it Means for Your Retirement
The Bureau of Economic Analysis (BEA) reported on July 28th that U.S. Gross Domestic Product shrank by 0.9% in ...
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