Many fall prey to the common misconception that setting up an IRA and investing money in it will ensure you will be taken care of when retirement rolls around.
The sad truth is, just because you fund an IRA doesn’t mean you’ll have enough to retire with when the time arrives. The fact is, many households (35%) do not even have a retirement savings plan such as an IRA. The ones that do have retirement plans underutilize them.
Aging is inevitable, and part of the American Dream is to be able to retire when we reach our golden years, or earlier, with financial security.
One of the hottest topics in the financial world is passive income. It seems like almost everyone in this space is reading, writing, and working towards it. So what exactly is passive income? In short, passive income is cash flow generated from investments without you actively working for it. It is essential for generating wealth and financial security.
Real estate pundits love to talk about millennial population trends and how to tailor your investments to profit from them.
One of the most common examples is younger people plan to rent rather than buy, at least in the near future. What almost nobody is talking about, yet, is the fact that many Baby Boomers are set to follow this same trend and here’s why…
Historically, interest rate uncertainty and stock market volatility have gone hand in hand.
This has proven true in 2018 where the Fed has raised rates three times, in March, June, and September by a quarter of a point each time.
The surprise of the three increases along with the uncertainty of future rates has contributed to significant stock market volatility, with October of 2018 being the most volatile October in over a decade.