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 money that you want to save every month, and then...
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?
First Quarter GDP Growth Revised Upward, But Still Low
The US Commerce Department’s Bureau of Economic Analysis (BEA) recently revised its estimate of the US economy’s growth in gross domestic product (GDP) upward...
Analysis of Minutes of the Federal Reserve’s May FOMC Meeting
The Federal Reserve Board recently published the minutes of the May 2-3 meeting of the Federal Open Market Committee (FOMC), giving an insight into the thinking of Federal Reserve policymakers regarding the strength and health of the economy.
Gold Demand Trends of 2017
The World Gold Council, a trade group for the gold industry, published in early May its report on trends in gold demand for the first quarter of 2017. The report is well worth reading, as it contains numerous insights that could help gold investors. Investment Demand for Gold The highlight of the report was that inflows of gold into exchange-traded funds...
How Draining Your 401(k) Could Cost You
When taking a new job, it’s tempting for many workers to cash out their 401(k)s and take what could be thousands of dollars of cash...
Household Debt Exceeds 2008 Peak
The Federal Reserve Bank of New York announced last week that total US household debt has just risen past levels not seen since the 2008 financial crisis...