Viruses are very efficient at math
COVID-19 crisis is not the Great Depression Recently I’m seeing articles comparing the 2020 drop in GDP, or the spike in unemployment to the Great Depression. This is not the Great Depression and here’s why.
Need to Know Facts!
4 feel good money tips you need to know regarding Corona Virus news… (hereon referred to ‘CV’ because quite frankly I’m tired of hearing the phrase Corona Virus!) Wow. Not many guessed that another virus would knock the stock markets into a fast and volatile correction*. Yet my prediction of an overdue market crash is not the same odds as picking how far it will fall, nor most importantly how fast it will recover. Here are 4 easy financial tips to benefit:
Just like Dorothy said in the Wizard of Oz, it’s a feeling. The math you must know if this is the crash of 2020. To reference my Roller Coaster article (Aug 2019), “We may very well be at the end of the longest Bull Market in modern history.” It’s just a feeling but it’s simply way overdue. Here is the math you must know:
What's really odd about the name: Setting Every Community Up for Retirement Enhancement Act (SECURE ACT) is who it's making more secure. The winner of this category is the United States Treasury. They're the ones that are going to receive the security from the Secure Act in the form of higher taxation to Americans, which by default would make “Every Community” less secure in retirement. So what's in a name? Evidently great marketing.
Are you a freelancer or self-employed? If yes, then you already have much to manage when it comes to your books, but adding taxes into the mix further complicates matters. Use these tips as a starting point to evaluate deductions and determine if you can file on your own or should seek help from a professional.
Wealth alone does not determine how much you will enjoy retirement. It’s a combination of health and wealth that can help you get the most out of your independence and freedom in retirement.