What good is time without money? Many soon to be retirees are finding out that fact. Unfortunately, an overwhelming number of retiree’s have inadequate retirement savings, with 60% by some estimates, relying on Social Security as their primary income source during retirement. The Social Security Administration incentivizes beneficiaries to delay claiming benefits prior to… Read more »
The program sounds like something from a James Bond movie. Instead, Operation Warp Speed (OWS) is a newly created government program that gives billions of dollars to pharmaceutical companies in the hopes of accelerating development of a COVID-19 vaccine by year-end or shortly thereafter. This is an extremely aggressive timeline with no assurance it can… Read more »
In Western New York, things undoubtedly feel better. Restaurants are opening, little league teams are playing baseball and infection rates remain very low. But that is not the case elsewhere in the country. Many southern states (Florida, Texas, Arizona, etc.) are seeing huge spikes in infection rates, leading to new lockdown measures. So how does… Read more »
Commentators have pointed to last month’s drop in unemployment as a sign that a “V” recovery is in the making. Further, they point to the rising price of gold, the stock market and bonds as a sure sign of better days ahead. We cannot foretell the future, however, we can describe the present, and… Read more »
The argument against holding gold has long been that it doesn’t pay you anything. No interest or dividends. You are buying it simply in the hopes that someone will be willing to pay you a higher price for it down the road. But now, some bonds don’t pay you anything either. After adjusting for… Read more »
According to data released by the U.S. Small Business Administration, in total, the Payroll Protection Program helped save 246,619 jobs in WNY. The Buffalo News’ Jerry Zremski, David Robinson, and Matt Glynn interviewed Tony Ogorek about PPP loans and how it impacted the economy. Read the Article
Tony Ogorek shares his insight with The Buffalo News about the change in the stock market from a place where shares can be traded between buyers and sellers, to a mirror reflecting public perceptions of the president, the economy, the war on Covid-19 and an alternative to sports betting. He also explains what are better… Read more »
One of the more difficult tasks in drafting a trust document is selecting a trustee. Trustees are responsible for managing the trust assets, having tax returns and accountings prepared, and distributing assets to your beneficiaries. A trust is meant to stand in for you in the event of your incompetency or death. Most people… Read more »
The emergence of COVID-19 has created unprecedented volatility in the financial markets. During times of stress, the feeling of fear can be almost palpable. Emotion overrides rationality, and can result in seller’s remorse. If this sounds like you, with the market up nearly 25% since hitting it’s nadir, what are you thinking? Are you… Read more »
