Find income in the right places. Our present low interest rate environment makes for a difficult time to be a conservative investor. Bank interest rates are very low and bond funds are very sensitive to rising interest rates. You may have to change your investment strategy and look to equities that pay dividends but be […]
Recognize that taxes are very likely to go up in the future and add some tax efficient strategies to your retirement plan. Current tax rates are low. In the past the federal tax rate has been as high as 94%. With our federal deficit over 18 trillion dollars and unfunded entitlement promises close to 100 […]
Invest in a way that is appropriate for your objectives and your comfort level. I taught a class on the Thrift Savings Plan at the US Patent office in January 2014. Many of the participants were in high spirits because the S & P 500 index had finished 2013 with an increase of 32%. At […]
How much do you need in savings to sustain your retirement over your life time? First you need to determine how much income you need to pay your needs and wants. Your needs are your necessary expenses: utilities, car payments, insurance, taxes, etc. Now what do you want to do in this phase of your […]
Here at FedSavvy we’re ending the year with 10 Financial Tips for 2016! We’ll be posting one every day until the full list is available on January 2nd. Be sure to check back for more tips and have a Merry Christmas! Did you ever wonder what you did with your money? Make 2016 different by […]