The Forgotten Victims of Puerto Rico’s Bankruptcy
The US territory of Puerto Rico declared bankruptcy in early May. The island’s government has more than $70 billion in debt that it cannot pay, along with $49 billion in unfunded pensions.
Spanish Bank Fails – Harbinger of Things to Come?
Last week Spanish bank Banco Popular was in danger of failing and was purchased by Banco Santander...
Arizona Is Latest State to Adopt Pro-Gold Reforms
Arizona Governor Doug Ducey recently signed into law HB 2014, a bill to eliminate capital gains taxation on gold and silver coins...
Investors Spooked by Gold, Bitcoin, and Stocks Rising in Unison
Some investors are getting nervous that prices of gold, silver, Bitcoin, stocks, and bonds are all rising at the same time. That isn’t supposed to happen. Gold is supposed to do best when stocks and bonds aren’t, and vice versa...
Negative Interest Rates, the Federal Reserve, and Your Retirement
Recent news reports have indicated that President Trump has filled two of the open positions on the Federal Reserve’s Board of Governors. One of them, Randal Quarles, was formerly involved in the President’s Working Group on Financial Markets, a.k.a. the Plunge Protection Team. The other, Marvin Goodfriend, is an...
What Will You Spend Your Money on in Retirement?
The Bureau of Labor Statistics’ most recent Consumer Expenditure Survey provided many insights into the spending habits of Americans...
5 Financial Landmines Facing Retirees
Even though retirement planning is the most prominent financial issue facing seniors, it isn’t the only one...
Avoiding Common Financial Mistakes
If you want to be financially successful and enjoy your retirement, there are a few common financial mistakes that you’ll want to avoid. Not Creating a Budget Creating a budget should be the first step towards taking control of your finances. Saving for retirement takes planning, setting a target amount of...
Saving Enough Money for Retirement
If you’re like most Americans nearing retirement age, you may be wondering if you can afford to retire. The decision to give up a steady paycheck can be a daunting one...
The Downsides to Retiring Early
Many people may fantasize about retiring early; is this really a smart idea?