Take a look at someone’s savings account and you can learn a lot about what type of lifestyle they lead and how they feel about risk.
Moody’s lead retail analyst Charlie O’Shea didn’t sugarcoat his outlook last year regarding retail store closings in 2018. He plainly said, “I think the early part of next year will be pretty bad … I think it will be tough.”
Public school teachers, church staff, not-for-profit hospital workers and other employees of nonprofits are eligible to sock away thousands of dollars each year in a 403(b) retirement plan at work.
Former Fed Chair Alan Greenspan just warned about these new bubbles in the economy, saying it’s no longer a matter of if, but when the next one will pop. Here’s what you need to know now…
On January 31, two days before the stock market’s recent sell off, former Fed Chair Alan Greenspan warned:
“I think there are two bubbles. We have a stock market bubble and we have a bond market bubble.”
Greenspan believes the ever-increasing government deficit is behind these bubbles, pointing out that the federal debt to GDP ratio is greater now than it was during World War II.
Greenspan also revealed that he doesn’t have confidence in when this situation will be fixed:
“I think we’re getting to the point now where the breakout is going to be on the inflation upside. The only question is when.“
Other Experts See it Too
Greenspan isn’t alone in his concerns. William White, former Chief Economist for the Bank for International Settlements, said he believes that we’re in an even more dangerous situation today than we were at the peak of the last bubble. Meanwhile, Peter Schiff says:
“The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash.”
Could a downturn be just around the corner?
How to Hedge Against the Risk
With the stock market seemingly on the brink, and financial experts voicing their concerns, it’s no longer a matter of if, but when the bubble will pop. And when it does, do you want your IRA or 401(k) exposed during the crash?
Don’t leave your hard earned savings exposed. That’s why so many have already moved their savings into something that’s proved, time and time again, to protect against economic uncertainty: physical gold.
While you still can: Get a FREE Info Kit on Gold here. There is zero cost and zero obligation to you – we’ll even pay for shipping.
Plus, this 16-page “insider’s” guide reveals the little-known IRS Tax Law to move your IRA of 401(k) into an IRA backed by physical precious metals – without paying any taxes on the transfer.
It’s an excellent option for anyone who wants to take advantage of this opportunity with any savings in their retirement account.
But remember, you must act soon. Once the bubble pops, it may be too late to take advantage of this opportunity. To get started, click here to get this free info kit on gold.
Millions to be Hit Hard by this U.S. Scheme to Confiscate Your Savings
China Just Launched this Attack on the USD
The Sneaky IRS Tax Law that’s Sweeping the U.S.
Most people hate reviewing their estate plan, and I can’t say I blame them. From tax law and complex documents, to trusts and health care directives, the intricacies can be daunting. Plus, talking about life after death isn’t anyone’s favorite activity.
If you’re a parent with kids in their 20s or 30s — or any kids at all — you’re probably no stranger to worrying about their future, including their financial future.
If you’re upset about the Equifax data breach and want to get in on a class-action lawsuit against the company, you don’t have to do anything at this point. You—along with nearly 148 million others affected by the breach—would automatically be part of any class-action lawsuit, unless you opt out and sue on your own.
As those who have followed this column for a while know, I become nervous during stock market rallies and practically gleeful during market corrections. So when the market dropped by 7.8% over a one-week stretch in early February (which happened to contain my birthday), I considered it a gift.
There tends to be an awful lot of advice flying around regarding when you should claim Social Security. The most common answer that I hear from other advisers is that you should wait until age 70. That’s not always the case. So here are the five factors that help determine when YOU should claim Social Security.
While we all must pay our fair share of taxes, being tax efficient simply means not making simple mistakes that can cause you to pay an unnecessary amount.