This Market Rally Could Be A Bear Trap!! Here’s why……
The recent stock market rally could end up being a bear market trap for investors. If it is, this would be the 4th bear market trap of 2022.
Medicare Is Projected To Be Insolvent In 2028
The trustees of the Medicare program just released their 2022 annual report and it came with some really bad news. The Medicare Part A Hospital Insurance (HI) Trust is expected to be insolvent in 2028 which currently provides health benefits to over 63 million Americans. We have been kicking the can down the road for the past 40 years and we have finally run out of road.
Social Security Income Penalties Are Refunded To You When You Reach Full Retirement Age
If you turn on social security prior to your fully retirement age andmake too much money in a given tax year, Social Security will assess an earned income penalty against your social security benefit but not many taxpayers realize that your get those penalties refunded to you once you reach Full Retirement Age
Removing Excess Contributions From A Roth IRA
If you made the mistake of contributing too much to your Roth IRA, you have to go through the process of pulling the excess contributions back out of the Roth IRA. The could be IRS taxes and penalties involved but it’s important to understand your options.
How Much Should You Have In An Emergency Fund?
Establishing an emergency fund is an important step in achieving financial stability and growth. Not only does it help protect you when big expenses arise or when a spouse loses a job but it also helps keep your other financial goals on track.
What Causes Bonds To Lose Value In Certain Market Environments?
Bonds are often revered as a safe investment compared to stocks but make no mistake, bonds like other investments are not risk-free, and there are certain market environments where they can lose value. As I write this article in May 2022, the Aggregate Bond Index is currently down 8% year to date.
Is Inflation Peaking? That’s The Wrong Question…….
While a lot of investors are asking if inflation has peaked, there is a more importnat question they should be asking which will have a bigger impact on our path forward…….
Can You Contribute To An IRA & 401(k) In The Same Year?
There are income limits that can prevent you from taking a tax deduction for contributions to a Traditional IRA if you or your spouse are covered by a 401(k) but even if you can’t deduct the contribution to the IRA, there are tax strategies that you should consider
