Wise investors take the “big picture” view. Provided by Marc Aarons  CNBC’s Mad Money host Jim Cramer created the popular FAANG acronym to denote some of the largest, most powerful companies in the world: Facebook, Amazon, Apple, Netflix, and Google. Recently, changes in those companies are reflected in Cramer’s new acronym: MAMAA, which stands for […]

While some initiatives are left behind, others are seeing renewed interest.  Provided by Marc Aarons  While it’s still too early to draw any final conclusions, Congress is getting closer to outlining what tax law changes are under consideration to pay for the proposed $1.75 trillion Build Back Better Plan.1 For now, it appears that changes […]

Certain financial & lifestyle choices may lead you toward a better future.  Provided by Marc Aarons  Some retirees succeed at realizing the life they want; others don’t. Fate aside, it isn’t merely a matter of investment decisions that makes the difference. There are certain dos and don’ts – some less apparent than others – that […]

5.9% is the biggest COLA increase in decades.  Provided by Marc Aarons  On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the largest increase in four decades. This adjustment will begin with benefits payable to more than 64 million […]

Enrollment period begins October 15.  Provided by Marc Aarons  Medicare’s annual open enrollment period begins October 15 and ends December 7. During this time, current Medicare beneficiaries have the option to adjust their coverage for the coming year. Any changes to your plan will go into effect on January 1, 2022.1 This is an opportunity […]

Wise investors take the “big picture” view.  Provided by Marc Aarons  Most likely, you’ve heard what’s brewing in Washington, D.C., called by one of these names. The Build Back Better Act. Or the $3.5 trillion budget reconciliation bill. Or the Jobs and Economic Recovery Plan for Working Families.1 Regardless of what name you’ve heard, one […]

Some parents and grandparents have that possibility in mind.  Provided by Marc Aarons  Individual Retirement Arrangements (IRAs) are for retirement saving, right? Absolutely. Is that their only purpose? Not necessarily. Imagine using an IRA not only to save, but to facilitate a home purchase. This would obviously be a tall order for an adult, given […]

POAs and other advanced directives are becoming more important.  Provided by Marc Aarons  The point of the POA. A power of attorney (POA) is a legal instrument that delegates an individual’s legal authority to another person. If an individual is incapacitated, the POA assigns a trusted party to make decisions on his or her behalf. […]

What does this mean for your overall retirement strategy? Provided by Marc Aarons  Your workplace retirement account can play a critical role in your overall retirement strategy. However, some have gone further with the accounts than others, especially recently. CNBC reported on findings that place 401(k) accounts at all-time highs, with some even joining the […]

Are the Fed presidents telling tales out of school? Provided by Marc Aarons  If you have a secret, don’t tell anyone at the Federal Reserve Bank. They may leak the story before you’d like. In early August, multiple regional Federal Reserve Bank presidents hit the speaking tour. They made headlines by suggesting that the economy […]