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One way for the government to potentially earn more tax revenue is by eliminating the early withdrawal penalty. This is the typical 10% tax penalty on distributions from retirement accounts by people younger than age 59 ½.1 If that penalty…
Read MoreHow much do you need to retire? The answer depends on many factors, the most important being you. Just like no two people are exactly alike, no two retirement plans are alike. This is why you should be skeptical about…
Read MoreAccording to the Federal Reserve, Minnesotan’s household debt-to-income(DTI) ratio for 2019-2022 stood at 1.286.1 That means that for every dollar a typical borrower in Minnesota uses to repay debts, they have about $1.30 in income. The national average debt-to-income ratio…
Read MoreBankruptcy. The word alone spells relief for some, yet sends shivers through others. The right to get relief from debt was important by the founders of America. They included bankruptcy in the U.S. Constitution at Article 1, Section 8.1 Of…
Read MoreAs a retirement vehicle, no investment is as secure, brings more benefits1 and is as financially rewarding2 as real estate. Yet, just buying up properties without careful consideration is unwise. While there are many things you need to know about…
Read MoreAnnuities are insurance products that some investors use as part of their retirement plan. Yet, there is a lot of confusion about their advantages and disadvantages. Many people who would be perfectly suited for annuities end up shying away from…
Read MoreThe national debt is a measurement of how much the federal government owes creditors, most commonly depicted as a percentage of gross domestic product (GDP). A high debt-to-GDP ratio is considered viable when the economy is expanding because that growth…
Read MoreIn November 2020, the Dow experienced its best month since 1987, while the S&P 500 and Nasdaq indexes enjoyed their best month since April of this year.1 With the election behind us and a vaccine on the horizon, the stock…
Read MoreIf you think the economic decline due to the pandemic has been difficult for you personally, the big picture numbers maybe even worse. Analysts project that the total economic disruption could eventually cost between $9 trillion and $33 trillion. Many…
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