Recently in a meeting Phil and I were talking to someone, and he brought up a very interesting strategy. He mentioned that he and his wife were talking about getting a divorce so he could continue to work and not reduce his wife’s social security benefits. He mentioned that they would continue to live together …
May 10,2024 The Dow Jones Industrial Average is on a remarkable 7-day winning streak. This consistent upward trend is a positive sign for the market. Earning season is also concluding on a high note, with 80% of the S&P 500 companies reporting earnings and an impressive 77% of them surpassing estimates. These figures are not …
In the ever-evolving landscape of retirement planning, savvy investors are always on the lookout for strategies that can maximize their savings while minimizing taxes. One such strategy that has gained popularity in recent years is the Backdoor Roth IRA. Offering the promise of tax-free growth and withdrawals in retirement, the Backdoor Roth IRA can be …
Navigating the Promise And Peril of Backdoor Roth IRAs Read More »
I am very fortunate to live in Wilmington, NC. We have beautiful beaches, a thriving downtown area, incredible restaurants, and a wonderful neighborhood. With everything Wilmington has to offer, it’s easy to understand why it has been a vacation destination for years and continues to grow in popularity. My family and I live near Carolina …
The market closed strong on Tuesday in anticipation of The Federal Reserve’s announcement on interest rates and the fate of our economy. Federal Chairman Jerome Powell announced Wednesday that additional rate hikes are unlikely. However, The Federal Open Market Committee (FOMC) left the target range for the federal funds rate unchanged. So rates are not …
It’s been a rollercoaster week for the market. At the close of market on Thursday, the S&P 500 was up 1.75% for the week and 6.01% year-to-date. According to the advance estimate, real gross domestic product increased at an annual rate of only 1.6% in the first quarter of 2024. In the fourth quarter of …
Have you heard the groans of college grads and young professionals, overwhelmed because they can’t find an affordable house? We have, and we believe their concerns are justified. Appropriate financial planning and establishment of healthy financial habits starts with foundational ratios and discipline. Purchasing a house is a huge milestone for anyone, but particularly those …
Navigating the financial maze of retirement planning is no small feat. Yet, for many individuals, it’s a critical task that must be approached with the utmost care and strategic thinking. The decisions you make now can profoundly impact your golden years, shaping the legacy you leave and the lifestyle you’ll lead. In this comprehensive post, …
Expert Advice on Retirement Planning: Why You Should Consider Professional Assistance Read More »
In the latest budget proposal from the Biden administration, significant changes to tax policies are on the table, and they are aimed at you. President Biden’s proposed budget for 2025 outlines key priorities for generating more revenue through tax increases. Basically, Biden is asking Americans to fund expansions of programs like the Child Tax Credit, …
President Biden’s Fiscal Year 2025 Budget Proposal Read More »
One of my favorite quotes by Albert Einstein is, “Every problem should be simplified as far as possible, but no further.” The 50/30/20 rule fails his axiom. United States Senator Elizabeth Warren popularized the 50/30/20 rule in her book, All Your Worth: The Ultimate Lifetime Money Plan. It’s a popular guideline that she calls “a good rule of …
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