by Asset Strategy | May 17, 2023 | Investopedia, Social Security
Every October, the U.S. Social Security Administration (SSA) announces its annual changes to the Social Security program for the following year. For 2023, the changes consist of an 8.7% cost-of-living adjustment (COLA) to the monthly benefit amount, an increase in the...
by Asset Strategy | Jan 25, 2023 | Investopedia, Retirement, Retirement Planning
When you change jobs, you generally have four options for your 401(k) plan. One of the best options is doing a 401(k) rollover to an individual retirement account (IRA). The other options include cashing it out and pay the taxes and a withdrawal penalty, leave...
by Asset Strategy | Sep 14, 2022 | Financial Planning, Investopedia, Private Wealth Management
Investopedia How should interest rate changes affect your decision to refinance? That, of course, depends on the interest rate you are currently paying on your mortgage. Even in times of rising rates, an older mortgage could still have a higher interest rate than...
by Asset Strategy | Aug 31, 2022 | Investopedia, Retirement, Retirement Planning
Investopedia High-income earners can’t contribute directly to a Roth IRA. But thanks to a tax loophole, they can still make contributions indirectly. If you take advantage and maximize your retirement savings, you can save tens or even hundreds of thousands of dollars...
by Asset Strategy | Jun 8, 2022 | Economy, Investopedia, Private Wealth Management
Investopedia In a sluggish economy or an outright recession, it is best to watch your spending and not take undue risks that could put your financial goals in jeopardy. A recession can impair your personal finances. Being prepared and taking a few simple steps to...
