When saving for retirement, one of the first steps is determining where to put your money. Look up retirement plans and you’ll find a peculiar medley of letters and numbers, such as 401(k), IRA and Roth IRA, 457, SEP IRA and 403(b). What may sound like a list of secret societies or highway interstates is essentially government code for retirement accounts and plans available to American workers and savers.
At the most basic level, college commencement speeches are intended to inspire and motivate graduates about to enter the “real world.” But these speeches often convey timeless pieces of wisdom that are relevant to anyone – including those 10, 20, 30 or even 40 years out of college.
Advance Capital Management’s president and chief investment officer, Christopher Kostiz, provides his key economic and market insights from the most recent quarter.
Something that hasn’t been high on the list of retirement risks for many years is inflation.
On a Mount Rushmore of famous investors, two prominent faces you would find are Warren Buffet and Charlie Munger. The long-term investment decisions of this dynamic duo turned Berkshire Hathaway into a multinational conglomerate worth more than half a trillion dollars -- and made themselves among the richest people in the world.
Advance Capital Management prides itself on the talent and hard work of its staff. That’s why we’re pleased to announce three of our financial advisors – Ryan Sheffer, Michael Hohf and Daniel McHugh – have been named to Forbes magazine’s 2021 Best-In-State Wealth Advisors.
As you know, government policies can affect our lives in many ways. So, when a new administration is elected or a major piece of legislation is announced, it’s reasonable to wonder what it means for your finances.
Congratulations Gen Xers and millennials. The “Great Wealth Transfer” is on. Baby boomers are expected to pass on upwards of $30-$40 trillion in assets over the next 25 years, according to Cerulli Associates.
We made it – a new year and a fresh start! Sure, the pandemic is still with us. But with the distribution of vaccines, a rising stock market and an economy that is slowly rebounding, it’s safe to work toward improving your financial life.
The investment world is much bigger than your portfolio. It encompasses a wide variety of investments, and it evolves as new investments and marketplaces are created. Perhaps, the newest addition making the biggest splash is cryptocurrency.
