Blog Archives - Crash Proof Retirement®

Unraveling This Summer’s Unusual Economy

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...

How to Track Your Expenses as You Prepare for Retirement

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...

What is Your Risk Tolerance and How Does It Change as You Get Older?

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...

Global Banks and Economists Predict a Recession within the Next Year

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...

President Biden’s Executive Order on Cryptocurrency

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...

How to Invest for Retirement When You Have Reached Your IRA Contribution Limits

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 ...

5 Financial Planning Mistakes That Will Cost You Big Time

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...

New IRS Life Expectancy Tables for 2022: How Will They Affect Your Required Minimum Distribution?

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...

Prescription Drug Prices Continue to Rise: What Happens When You’re in the Medicare “Donut Hole”

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 ...

China’s Evergrande Group Misses Debt Payment: What This Could Mean for Your Retirement

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 ...