Avoid Taking Auto Loans For More Than 5 Years – The Negative Equity Wave
There is a negative equity problem building within the U.S. auto industry. Negative equity is when you go to trade in your car for a new one but the outstanding balance on your car loan is GREATER than the value of your car. You have the option to either write a check for the remaining balance on the loan or “roll” the negative equity into your new car loan. More and more consumers are getting caught in this negative equity trap.
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.
