In This Issue:
In 2018, Americans’ debt hit $13 trillion, with the average American carrying more than $38,000 in debt – not including home mortgages. For many, debt is simply a way of life, with more Americans living from paycheck to paycheck.
In over 40 years of business, our firm has never lost any money for our clients, in part because they don't own mutual funds. The following article seeks to simplify the many complexities of mutual fund expenses so investors are able to discover the true costs associated with mutual fund ownership.
If you are between 40 & 60, beware of these financial blunders & assumptions.
Are you paying attention? This Saturday's Powerball jackpot is already north of $625 million and climbing. Let me spell that out: that's $625,000,000+ bucks, clams, scratch. And with just a little bit of luck, it can be yours for a skanky little $2 bet. Think about it: one Jefferson and you rake in racks. Yeow!
By Eric Kinaitis
Although C-corporations today have become a smaller share overall of American business classifications, there are approximately 1.8 million businesses currently that are classified as "C-corps."
For 2019, the IRS has raised the limits on how much you can contribute to your 401K, and the limit on IRA contributions has been increased for the first time since 2013.
Notice the title -Managing Debt not eliminating debt. While the goal of eliminating debt is admirable, I have found that most people can enjoy an improved quality of life by learning how to, and practicing, managing debt. It is possible to live debt-free.
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