(Should You) Borrow to Invest?
October 13, 2021
Mortgage rates remain near all-time lows, real estate prices are escalating, and the stock market has been on fire for the past few years. Inevitably, an age-old question has resurfaced, “Should I borrow against the equity in my home to invest in the market?” Seems like a no-brainer, with cash-out refinancing and Home Equity Lines […]
Subtle Inflation Indicators
October 6, 2021
Inflation is saturating national news these days, which should come as no surprise to anyone. Blatant examples of rising prices are everywhere, exemplified by gasoline, where prices are announced on the marquee before you even reach the pump. Driving past the same station day after day, you have likely noticed the price change from under […]
More Economic Stimulus Needed – Not!
September 29, 2021
Millions of Americans remain unemployed, while even more millions of job openings remain unfilled. One of the most unusual sights today is a business’s door front without a “Help Wanted” or “Now Hiring” sign. Amazon is adding 125,000 jobs during the Holiday Season, starting wage $18.00/hour. Restaurants are so desperate for help that some are […]
Dangerous “Progressive” Tax Plan 2021
September 22, 2021
Behind closed doors and protected from average Americans by a newly reconstructed fence around the Capitol Building, Joe Biden, Nancy Pelosi, and Bernie Sanders recently hammered out their Taxation Wish List. In true Washington style, the euphemism American Families Plan, or AFP, was bestowed upon their List. The plan is to implement AFP in a […]
Did You Get the Dreaded IRS Math-Error Letter?
September 15, 2021
May 17, 2021, is long gone, and many of you probably forgot why it was an important date. Due to COVID-19 and other factors, the usual IRS April 15 tax filing deadline was extended for 2020 Tax Returns. Today, except for those taxpayers who filed for an Automatic Extension, 2020 Returns have been examined. Now, […]
Needless Evictions Coming?
September 8, 2021
Financial giant Goldman Sachs recently released a dismal report regarding potential upcoming evictions of American renters. According to Goldman, in the absence of government action, about 750,000 American households are subject to eviction by the end of the year 2021. This group owes their collective landlords about $17 Billion in back rent. Landlords, whether individuals […]
Be Responsible for Your Advisor Relationship
September 1, 2021
Becoming a responsible Client is partly about your financial advisor, who must (but may not) be honest, but the onus is on you, the Client, who must remain alert. Looking out for Number One (that’s you, the Client) requires attention. While realizing an appropriate return on your investments over time is the important objective, not […]
Is Your 401(k) Underworked?
August 25, 2021
Average American workers miss out on $1,336 annually of “free” money. According to Fidelity Investments, that is the amount that workers fail to receive in 401(k) employer matching funds every year. This is due to insufficient salary deferrals by working people, who are not contributing enough to reach the employer’s contribution matching limits. Failure to […]