In light of the challenges facing Americans in saving for retirement, recent findings suggest a concerning trend in financial preparedness. According to a survey by FinanceBuzz, a mere 23% of participants initiated…
Tag: financial advice
Retirees Beware: What You Must Know About Today’s Sky-High Mortgage Rates
The financial landscape is ever-evolving, and as of Thursday, October 26, 2023, we find ourselves in a period of rising interest rates, with the average 30-year fixed mortgage rate at a staggering…
Should You Borrow from Your 401(k)?
When faced with financial challenges, many individuals often consider various sources of funds. Your 401(k) retirement account can be a valuable source of funds. While borrowing from your 401(k) can provide quick…
Is Your Portfolio Missing This One Crucial Element? Hint: It’s Shiny
Gold, a precious metal that has been a symbol of wealth for centuries, is a unique investment avenue. Its rarity, universal acceptance, and the fact that governments can’t print it make it…
The Roth Conversion Penalty You Didn’t See Coming
Numerous individuals find the prospect of transferring their assets from a conventional IRA or 401(k) plan to a Roth individual retirement account appealing due to the tax-free income it provides during retirement,…
Resilience in Adversity: Your Path to Retirement Redemption After Being Laid Off
Losing your job when you’re on the brink of retirement can be a daunting experience. However, it’s crucial to remember that this unexpected turn of events can also be an opportunity to…
Say Goodbye to Human Advisors! AI is Revolutionizing Retirement Planning
Recent media attention has focused on Artificial Intelligence (AI); and how students, lawyers, and writers are using this technology to fuel their careers. But what about using AI as a personalized and…