With national elections just weeks away, we are getting more inquiries from clients, as well as others, about who we think will win the presidential election, and what that may mean for the markets and the economy. A common misconception, promulgated by the current resident of 1600 Pennsylvania Ave., is that the stock market… Read more »
There has been much discussion about whether the now expired $600 per week enhanced unemployment benefits paid under the CARES Act served to disincentivize workers from returning to their lower paid jobs. While logic would seem to suggest that workers would elect to sit on the sidelines for more money, the reality for the most part,… Read more »
Six months ago our lives were put on hold in response to the Coronavirus. Many companies were forced to rely on new technologies to continue providing their services. Tech companies such as Zoom, Docusign and Slack have dominated the workspace, allowing team members to be connected, while physically separated. Clients have been able to access… Read more »
WKBW’s Ed Reilly spoke with Tony Ogorek about the payroll tax deferral President Trump is enacting. This Executive Action will result in no Social Security or Medicare tax taken out of paychecks from September through December 2020. Watch the Interview and Read the Article
This is the final installment in our four part series on Social Security (if you have not read the previous blogs, here are the links to part 1, part 2, and part 3). We’ve talked about the numbers, and it’s clear that waiting as long as possible to claim Social Security will generate the greatest monthly benefit; but not… Read more »
In response to the pandemic, the Federal Reserve has forced interest rates to their lowest level in history. 10-Year Treasury bonds currently pay just 0.60%. Money market accounts pay next to nothing. With yields so anemic, investors (and savers) have looked elsewhere for better returns, and instead, pushed money into high-growth stocks such as Amazon… Read more »
How your accounts are titled will determine whether they will be transferred through the costly and time consuming process of probate upon your death. Probate is the process of authenticating the Last Will and Testament, paying the final bills and taxes, and distributing the remainder of the estate to the listed beneficiaries. Proper account… Read more »
It should come as no surprise to most readers that the U.S. Government has been on a multidecade debt binge. The fact that Congress has had to provide massive stimulus programs during the Financial Crisis of 2008, as well as the Covid-19 pandemic, may obscure the fact that the road to deficit spending began decades… Read more »
Last week, we talked about the ways Social Security disincentives beneficiaries from claiming benefits early. But when is the best time to commence benefits? Examining the breakeven point for delaying benefits versus your life expectancy may provide some clues. Breakeven Point At what age will you break even and come out ahead if you… Read more »
