The Sharing Economy

The Sharing Economy Is Growing I think we are in a really exciting time for all generations as the sharing economy is growing. In this post, let’s look at companies that allow you to work remotely instead of for one employer. Traditionally, you would graduate from college and be at the same job for 30 […]

Saving Rates Are Decreasing

Younger people in the workforce are not saving as much as the baby boomer generation did. We, as young people, millennials, do not have a high enough emphasis on saving for the future. We live more for the right now and we have a huge issue with instant gratification. I am at fault at this myself […]

Pension Funds and Assumed Rates of Return make an A** out of You and Me

Last week I had an interesting conversation with my client regarding our fears about pension funds and assumed rates of return. I mentioned that two of my biggest fears are this year’s seven year bull market and the market’s correction.  My client agreed with me, but I was left confused and intrigued. I wanted to know more. What are […]

Baby Boomers Forced to take Required Minimum Distribution

Baby Boomers are a very large portion of our population. They’ll be taking their first RMDs this year. RMD stands for Required Minimum Distribution. The Government forces us to pay taxes on our retirement account when we turn 70 years of age. This is only on  qualified plans (being IRAs, 401Ks, and other qualified accounts). Consequently, only the […]