The current economic landscape, coupled with concerns about the future of Social Security and rising inflation, has many pondering their financial stability in retirement. While market fluctuations can be unsettling, there are…
Author: Matt
Retirement Crisis Alert: Why Millions Are Raiding Their 401(k) Early
Recent findings from the Bank of America Q2 2023 Participant Pulse Report have highlighted a concerning trend: many Americans are making early withdrawals from their retirement savings. The data reveals a 36%…
The Looming 401(k) Catastrophe No One’s Talking About
Recent data reveals an alarming trend: more Americans are prematurely tapping into their retirement savings. In the second quarter, there was a 12% increase in hardship withdrawals from 401(k) accounts compared to…
COLA’s Dark Secret: Why 2023’s Record-Breaking Increase Spells Trouble for 2024
The U.S. economy faced its most aggressive inflation in 40 years in 2022. This surge affected every American, with rising costs for essentials like gas, groceries, and utilities. However, those relying on…
Why Your Inherited IRA Might Be Worth Less Than You Think
In 2023, the total value of IRAs in America surpassed $12 trillion. With diligent savings, many individuals hope to pass on a significant portion of these funds to their heirs. However, recent…
Risky Business or Smart Move: The Saga of Storing IRA Gold at Home
A glance at Home Storage Gold IRA advertisements may convince you of the advantages of storing your gold reserves right in your home. While the concept may seem attractive, keeping gold at…
Red Tape Terror: Medicaid Coverage at Risk
The Biden administration has recently expressed grave concerns over many individuals losing their Medicaid coverage. This is mainly due to procedural issues such as non-compliance with paperwork requirements or failure to return…
The Ultimate Game Changer: AI Chatbots and the Extraordinary Redesign of Retirement Plans
In an unusual yet innovative move, Newfront, a tech-centric insurance brokerage, and retirement advisory firm, hosted a hackathon earlier this year. The goal? To integrate artificial intelligence (AI) into their client-facing products…
Shocking Tax Loopholes: Lifelong Gifting vs. Bequests
Retirement is the perfect time to plan your legacy. Among the most important decisions are how and when to pass your assets to your loved ones. Should you gift during your lifetime…
Retirement Bucket List: 15 Trips That Will Make Your Friends Green with Envy
Retirement is a golden period that opens up opportunities for travel enthusiasts. Retirees can explore the world at their own pace, no longer bound by the constraints of limited vacation time. According…
