The Good, the Bad and the Ugly of Interest Rates HikesMay 17, 2022The primary tool the Federal Reserve (the Fed) uses to conduct monetary policy is the federal funds rate. Changes in this rate influence other interest rates as well as broader financial and economic conditions.1 When inflation is too high, the Fed typically raises rates to slow the economy and help...Click Here To Read More
Un-RetirementMay 1, 2022The pandemic led to many people retiring earlier than they had planned to, in part because so many businesses had to shrink their payrolls in response to the lockdowns. As the pandemic has eased, now the American economy has a labor shortage problem, resulting in employers raising wages to...Click Here To Read More
Inherited IRAs For KidsMay 1, 2022One of the hot estate planning strategies earlier in this century was to name a minor child as the surviving beneficiary of an IRA. The child would have to take Required Minimum Distributions (RMDs) from the IRA every year, but they would be calculated using the child’s life expectancy,...Click Here To Read More
Elder Abuse in Estate PlanningMay 1, 2022This is a true story that took place in California. It is taken from court records, the names have not been changed to protect the innocent or the guilty.
Thomas and Wanda Tedesco had three daughters and a successful family...Click Here To Read More