by kpetersen | Sep 24, 2024 | Financial Insight
When was the last time the Fed cut interest rates? A. 1994 B. 2008 C. 2016 D. 2020 See the answer below! Last week, the Federal Reserve cut interest rates by 50-basis points. But why, what does it mean for you, and… what’s next? Read on to find out. Why? The...
by kpetersen | Sep 12, 2024 | Financial Insight
Imagine your financial portfolio as a toolbox. Inside, you have a variety of tools, each designed to serve a specific purpose. You might have a hammer for construction, a screwdriver for repairs, and a wrench for tightening bolts. And to top it all off, you have your...
by kpetersen | Sep 6, 2024 | Financial Insight
When was the first Labor Day? A. 1776 B. 1862 C. 1882 D. 1982 See the answer below! The first Labor Day was celebrated in New York City to honor the contributions of laborers across the five boroughs. It was a day to reflect and honor the men and women who...
by kpetersen | Aug 29, 2024 | Financial Insight
In July, the IRS finalized the rules surrounding required minimum distributions (RMDs) for inherited IRAs. This is important for anyone who has (or who might in the future) inherit a retirement account, as it clarifies how and when you need to withdraw funds. Over the...
by kpetersen | Aug 21, 2024 | Financial Insight
GDP. CPI. PCE. PPI. S&P. Hidden in the alphabet soup of economic acronyms is an indicator that can help you gauge inflation: The Consumer Price Index, or CPI. Think of CPI like a shopping cart filled with everyday items – from groceries to gas, rent to haircuts....
by kpetersen | Aug 15, 2024 | Financial Insight
If you or your parents are over 65, still working, and relying on employer health insurance, a new Medicare rule could significantly impact your prescription drug coverage and costs. Currently, seniors can avoid late penalties for Medicare Part D (prescription drug...
