The word “guarantee” comes with a heavy burden. When you make a guarantee, or someone makes one to you, it’s expected. It’s promised. It’s considered a “lock.” Not surprisingly, not many things in life are guaranteed – guarantees are tough to actually follow through on.
Wouldn’t it be nice to not have to worry about your mortgage payment? Wouldn’t it free up a lot of extra cash for other expenses?
Topics: Financial Planning
Despite the holiday-shortened week, there is a deluge of economic data this week. Specifically, Wall Street will be paying very close attention to the May jobs report released on Friday, June 1.
At Simply Money Advisors, we like to educate you on all of your options for retirement planning. There are many different aspects you have to consider, including lifestyle, tax strategies, insurance, and retirement accounts.
Another factor to think about is a potential ‘in-service distribution.’ Not all 401(k) plans give you this option, but it may be something to consider if yours does.
The U.S. and China have declared a truce on the trade war that has been troubling Wall Street. Over the weekend, Treasury Secretary Steven Mnuchin said, “We are putting the trade war on hold. Right now, we have agreed to put the tariffs on hold...”
With more Americans forgoing or prolonging marriage, as well as an increase of divorces for those over the age of 50, many of you may end up retiring single. And while being single can have its advantages such as not saving for college if you don’t have children, there are some specific retirement planning challenges that single individuals may face.
U.S. relations with the rest of the world dominated headlines last week and will likely take center stage again this week.
“You give a poor man a fish and you feed him for a day. You teach him to fish and you give him an occupation that will feed him for a lifetime.”
The devil is in the details. Even though April's unemployment rate dropped from 4.1% to 3.9%, hitting a 17-year low, it wasn't because significantly more people found jobs. It was actually due to 236K people dropping out of the labor force. In a separate part of the April jobs report, businesses reported they were employing 164K more people than the prior month.
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