Some Clear Thinking About Stagflation
.Some Clear Thinking About Stagflation
Notes From The Field By Simon Black August 29, 2022
Let’s not mince words: stagflation is here. Let’s also not overreact: the world is not coming to an end. And, like all things, there are both risks and rewards that will arise.
First, what do we know?
Historically high inflation is obvious. Plus many major economies around the world are already sputtering.
Germany’s economy stagnated with 0% growth last quarter. China’s economy practically ground to a halt. Economies in the UK and Hong Kong contracted slightly. And the US economy has already contracted for two consecutive quarters.
6 Causes of Financial Problems and How You Can Solve Them
.6 Causes of Financial Problems and How You Can Solve Them
Nicole Spector Thu, August 25, 2022
So many Americans are trapped in debt and underfunded for retirement that one has to ask, “What is going on? Why are so many of us in such financial trouble?”
A lot of it isn’t our fault and is beyond our control, but we do need to get to the root of the money problems that we can control. So, it’s important to understand the causes of financial problems. What are they and how do they manifest? More importantly, how can we solve them?
What Happens to Your Mortgage When You Die?
.What Happens to Your Mortgage When You Die?
Mark Henricks April 18, 2022
If you die owing money on a mortgage, the mortgage remains in force. If you have a co-signer, the co-signer may still be obligated to pay back the loan. A spouse or other family member who inherits a house generally has the right to take over the payments and keep the home. Alternatively, terms of a will may direct that the estate’s assets be used to pay off the mortgage, and sometimes a life insurance policy will pay off the mortgage if the original borrower dies.
If no one will assume the mortgage and there is no provision to pay it off, the lender may foreclose on the property and sell it. A financial advisor can help you deal with mortgage challenges during the estate planning process.
What Is 5 by 5 Power?
.What Is 5 by 5 Power?
By Barclay Palmer Updated June 18, 2022
Reviewed By Pamela Rodriguez Fact Checked By Michael Logan
A 5 by 5 power clause in a trust document gives the beneficiary the right to withdraw either $5,000 or 5% of the fair market value of the trust account per year, whichever is greater. This is in addition to the regular income payout benefit of the trust.
The clause is intended to guarantee the beneficiary a minimum dollar distribution in years in which the assets invested for the trust decline. A trust is established in a will in order to provide a regular annual income to one or more beneficiaries from the assets of the estate.
Which of the 3 Financial Phases Are You In?
.Which of the 3 Financial Phases Are You In?
by: Kelli Kiemle, AIF® April 11, 2022
Knowing which of the financial phases of life you are in can help you better plan to build, protect and enjoy your assets, no matter what your age.
Every year we see the same months, holidays and seasons – it’s all pretty predictable. While you may not know when a winter storm will hit, you can usually count on chillier weather come winter. The same can be said for financial phases. While not always easy to predict, you can find patterns if you look for them.
But how does knowing a financial phase pattern help? When it comes to financial planning, the answer is a lot.
You’ve Worked a Lifetime to Build Your Wealth. Here’s How to Keep It!
.You’ve Worked a Lifetime to Build Your Wealth. Here’s How to Keep It!
Michael Torney, CFP®, JD, LLM (Taxation), Senior Adviser Sat, August 20, 2022
The first half of 2022 was one of the worst starts for the S&P 500 since 1970. Many investors saw their portfolios decline by 15% or more during the first six months. On top of that, bonds – usually a safe haven for investors – also experienced a significant decline.
For investors nearing retirement, there is a good lesson here. The skills required to build wealth are different than those required to keep wealth. Just as you had a goal to build your wealth, now you need a goal and skill set to maintain it.
Future Historians May Call This The ‘Crisis Of The 21st Century’
.Future Historians May Call This The ‘Crisis Of The 21st Century’
Notes From The Field By Simon Black August 22, 2022
In the year 210 AD, after two decades of constant warfare, Roman Emperor Septimius Severus was finally satisfied: he had conquered nearly the entire known western world.
This was the year that the Roman Empire reached its maximum territory-- approximately 5 million square kilometers, stretching from Morocco to Georgia, from southern Scotland to western Iran.
8 Best Financial Lessons My Partner Taught Me
.8 Best Financial Lessons My Partner Taught Me
GoBankingRates Jennifer Taylor Thu, August 18, 2022
Your special someone is an amazing person who has improved your life in more ways than one -- including financially. Maybe you were decent at managing money before you met them, but they helped you become even better or perhaps your finances were a mess until they stepped in.
No matter the situation, you received at least one valuable financial lesson from them that changed the way you view money. Now that you're a more responsible spender, less stingy or better at putting money aside for savings, you'd like to share your experience with others.
The New Global Digital Currency That Will Shock The Whole World
.The New Global Digital Currency That Will Shock The Whole World
midmessfair Mid Mess Fair 14th Aug 2022
There is a huge international market of both digital products and physical goods. It is very easy to create, print any paper or any digital number software that can called as “money”. The only problem is how can you persuade other to get them accept your idea and your new currency money.
Now let’s look at the current whole banking finance industry to find the loophole, weakness first before finding a real solution, method to defeat it.
Breaking Points
.Breaking Points
Collaborative Fund Jul 31, 2022 by Ted Lamade
Guest post by Ted Lamade, Managing Director at The Carnegie Institution for Science
Two weeks ago, Mitt Romney wrote an opinion piece in The Atlantic titled, “America Is in Denial”. The piece highlights numerous potentially “cataclysmic events” facing the nation, namely droughts out west, inflation, rising debt levels, profligate government spending, melting ice caps, illegal immigration, and the events of January 6th. Interestingly though, Romney argues that the most significant threat is actually not the events themselves, but rather Americans’ refusal to address them.
The question is why?
20 Ways You’re Throwing Away Money and How to Fix It
.20 Ways You’re Throwing Away Money and How to Fix It
Tweak your habits to keep more money in your pocket.
GoBankingRates -- By Sabah Karimi Aug 2, 2022
You probably don’t realize all the ways you’re wasting money and leaving free money on the table — and these little missteps can add up to big dollar losses. Fortunately, once you’re aware of these bad money behaviors, you can take steps to change them. Making small tweaks to your lifestyle and spending habits could pay off in a big way.
Keep reading to find out the costly money mistakes you’re making — and how to stop making them so you can keep more money in your wallet.