Blockchain and Normalization
Blockchain technology is coming to radicalize business as we know it. Blockchain technology is often talked about in conjunction with cryptocurrency. This is only natural as the technology was developed in order to make cryptocurrency viable. However, blockchain technology is quickly being adapted into everyday business, in the same way that the cryptocurrency market […]
Spousal IRA
Key Takeaways If you’re looking for an additional way to save for retirement, you may want to consider a spousal IRA. Spousal IRAs allow employed individuals to contribute to an IRA for their spouse, if the spouse is not employed. There are some limits to the contributions, but a spousal IRA could be a tax […]
The SECURE Act’s Mandatory Lifetime Income Disclosure
Key Takeaways The new SECURE Act requires 401(k) plan administrators to disclose projected monthly incomes to investors. Previously, investors only received information regarding the lump sum of their 401(k)s. By understanding how the lump sum translates into monthly amounts, investors gain a clearer idea of what their retirement income will be. There was a time […]
Maximize the Yearly Limit on Your 401(k)
Key Takeaways One positive that came out of this year is that many Americans found themselves saving more money than usual. If you have extra savings, you may want to take advantage of maximizing your 401(k) contributions for the year. Consider having the entire amount of your last paycheck of 2020 put into your 401(k).
4 Key Items in Your 401(k)
Key Takeaways A 401(k) is a smart way to save for retirement and help you reach your future financial goals. If you’re investing in your company’s 401(k), it’s important to understand the math behind it. There are four key items you’ll want to be aware of when it comes to your 401(k).
Blissfully Married
Key Takeaways For many reasons, getting married is a huge life transition. Combining incomes and budgets is a major part of that transition. Make sure you communicate with your future spouse about your spending strategy – and avoid the stress that can come from keeping money a taboo subject!
The Stock Market – It’s Similar to Ripples in Water
Key Takeaways The stock market’s movements can be compared to ripples in water when you drop a pebble in: big at first, but evening out over time. Looking at 20-year cycles, versus performance over one year, can provide a better perspective of the stock market. A blended 50/50 portfolio of stocks and bonds can help […]
Understanding the Risk Around Investing
Key Takeaways You’re probably aware that there are risks associated with investing, but you may not know what all of those risks are. There are risks not only with stocks, but with cash and bonds as well. Having an understanding of the risks around investing can help you think about how to diversify your investments.
Living with Wine & Investments
The Drunken Sommelier came up with 14 Things Every Wine Student Should Know after reading a list in a wine article published by GQ Magazine. Paul Strid read The Drunken Sommelier’s list and he
Making Decisions with Your Third Eye
Charlie Munger, longtime business partner of Warren Buffett, was recently interviewed by Wall Street Journal’s Jason Zweig posted on April 17, 2020. In it he said