Retirement Plans for Self-Employed People
March 15, 2022As America’s work environment continues to evolve, one thing that has become evident is that — in many cases — the work-from-home (WFH) model has proved to be effective and even cost efficient. However, many companies with significant investments in their office buildings and campuses are not likely to want their employees to keep working…
The Fed Changes the ‘FAIT’ of Economic Recovery
March 8, 2022In the summer of 2020, the Federal Reserve announced its new approach to monetary policy on inflation. The Fed previously used a 2% inflation target. If inflation rates fluctuated above or below 2%, it would contemplate a change in the federal funds rate (FFR) to either restrict or enhance money flow in the economy.1 The…
Millennials Step Up
March 1, 2022In 2019, the millennial generation (born from 1981 to 1996) surpassed the number of baby boomers (born between 1946 and 1964) in the United States. Today, one in four people is a millennial.1 Many millennials came of age at the turn of the millennium, which means they were aware of the fallout from the 9/11…
Financial Perspective: Marry, Cohabitate or Stay Single?
February 22, 2022People have many different reasons for getting married or not getting married. But for some committed couples, it can come down to a few basic points. One of those is finances. If they hold very different opinions or have contradictory habits when it comes to spending money, finances can become a deal breaker — much…
Market and Economic Outlook
February 15, 2022The last month of 2021 was filled with lots of new information — the new omicron variant of the coronavirus first hit U.S. shores, along with cautions that its level of vaccine resistance is best mitigated by a booster shot.1 That’s good news for the fully vaccinated. The unvaccinated, unfortunately, are months away from that level…
The Taxing Landscape of the IRS
February 8, 2022It seems that millions of taxpayers still have not received their tax refunds from 2020 and even 2019.1 A major reason is due to the defunding of the IRS. Between 2010 and 2019, the department’s funding was cut by 20% in inflation-adjusted dollars, which has led to a 22% reduction of staff.2 Not only has this…