Posts in Financial Articles

Cash Balance Plans

Should professional practices look into them?  Provided by Marc Aarons In corporate America, pension plans may be fading away. Only 14% of Fortune 500 companies offered them to full-time employees in 2019. In contrast, legal, medical, accounting, and engineering firms are keeping the spirit of the traditional pension plan alive by adopting cash balance plans.1 […]

Does Main Street Need a Wall Street Strategy?

How will the self-employed strategize for retirement? Provided by Marc Aarons As Wall Street pushes higher, a pandemic-weary Main Street is relearning how to manage cash flow with the hope of keeping its retirement dreams alive. Self-employed Americans, and the people working for them, account for roughly 30 percent of the nation’s workforce.1 In the […]

Coronavirus Vaccines and the Economy

Hopeful markets react.  Provided by Marc Aarons As the United States sees a rise in cases of COVID-19 across the nation, news of two promising vaccines out of hundreds being tested has offered a ray of hope for a fatigued world.1 A positive reaction to these vaccines affects every aspect of human life, including the financial […]

Interest Rates and Your Mortgage

What you need to know. Provided by Marc Aarons With the Federal Reserve keeping interest rates at or near zero, you may wonder about your mortgage. Is it a good time to refinance or even pay off the debt entirely? After all, your mortgage is one of the biggest expenses you may have in life, […]

Long-Term Rates Are Creeping Higher

What’s fueling the rally?  Provided by Marc Aarons With all the election chatter and stock market volatility, it may have been easy to miss the ongoing uptrend in long-term interest rates. The yield on the 10-year Treasury bond is sitting just below 1%. Just a few short months ago, the 10-year was yielding roughly 0.5%.1 […]

How and When to Sign Up for Medicare

Breaking down the enrollment periods and eligibility. Provided by Marc Aarons  Medicare enrollment is automatic for some. For those receiving Social Security benefits, the coverage starts on the first day of the month you turn 65.1 If you are not receiving Social Security benefits at 65, you may be delaying until you reach full retirement […]

Managing Money as a Couple

What are the keys to prepare to grow wealthy together?  Provided by Marc Aarons  When you marry or simply share a household with someone, your financial life changes—and your approach to managing your money may change as well. The good news is that it is usually not so difficult. At some point, you will have […]

Robo-Advisors vs. Human Financial Professionals

If an investor chooses a non-human financial advisor, what price could they end up paying?  Provided by Marc Aarons  Investors have a choice today that they did not have a decade ago. They can seek investing and retirement guidance from a human financial professional or put their invested assets in the hands of a robo-advisor. […]

The Social Security Administration Announces 2021 COLA

What you should know about the most recent cost-of-living adjustment. Provided by Marc Aarons  On October 13, 2020, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 1.3 percent cost-of-living adjustment (COLA) for 2021. This adjustment will begin with benefits payable to more than 64 million Social Security beneficiaries in […]

How Medigap Choices Have Changed

What you need to know about Plan F and Plan G.  Provided by Marc Aarons As many may recall, seniors who previously enrolled in Medicare are facing some changes. Medigap Plan F might not be sold after 2020 and Medigap Plan G will be undergoing some changes.1 These changes only impact new Medicare enrollees, however. […]

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