Posts Tagged With ‘ retirement ’

Avoidable Retirement Mistakes 6 Retirement Mistakes To Avoid by; Jeremy Reif, CRPS Are you approaching retirement or already enjoying your golden years? It’s crucial to manage your finances wisely. Here are some common mistakes retirees make that you should avoid. Mistake 1: Not having a budget. That is unless you have endless amounts of money.  Without a budget, it’s easy to overspend and run into financial trouble.  Take control of your expenses by creating a budget and sticking to it.  Sometimes it is best to set up your retirement account distributions once a month, two weeks apart from... Continue Reading

  As the magical season of Christmas approaches, our hearts are filled with joy, warmth, and the anticipation of spending quality time with our loved ones. While the holiday spirit revolves around love and togetherness, it’s also a time to reflect on the importance of family.  We’ll explore how the true wealth of Christmas lies in the shared moments with our family and how smart financial decisions can enhance the holiday experience. Investing in Experiences Over Material Gifts: In a world often obsessed with material possessions, Christmas offers a unique opportunity to prioritize experiences... Continue Reading

7 Tips To A Successful Retirement by Jeremy Reif, CRPS Retirement The transition to retirement can cause a lot of stress and anxiety, which can be avoided or reduced substantially by doing a little planning.  Rather than reinventing the wheel, it is much easier to find the keys to others that have had success in retirement.  If you’re planning on retiring soon, here are some essential tips to help you prepare. Tip 1: Assess your financial readiness. Determine your retirement goals and calculate how much money you’ll need to support your lifestyle. Review your savings, investments, and pension... Continue Reading

Inflation Unmasking Inflation: The Hidden Side of Rising Prices By, Jeremy Reif, CRPS Inflation is the steady increase in the prices of goods and services over time. It affects the economy, our wallets, and even our daily lives. But why does it happen? I know I’ve done previous articles talking about the cause and effect of inflation and things that are going on with the rising interest rates by the Fed chairman. I never took the time to explain what inflation is or why it happens. In this article, I’m going to give you three causes of inflation and expound on each of them.  The goal is to... Continue Reading

Fixing Social Security 8 Ideas To Fix Social Security, What Is The Government Waiting For? Years ago, when I was writing my thesis in college for my Economics degree, I wrote it on the problems that Social Security “S.S.” was facing, i.e., running out of money.  I won’t reprint my original thoughts, as my thesis was extremely long, full of facts, and would bore you to death.  It’s funny how things don’t change.   The program is still on pace to run out of money in the early to mid-2030s. I will attempt to solve the S.S. issue.  Especially since Congress will continue to look the... Continue Reading

Thanksgiving As Thanksgiving approaches, it’s the perfect time to take a break and reflect on the blessings that have enriched our lives throughout the year. During our daily routines and the hustle and bustle of life, we often forget to express gratitude for the simple yet profound things that make each day a gift. Join me in this Thanksgiving blog as we explore the reasons to be thankful and cultivate an attitude of gratitude. Family and Friends: At the heart of Thanksgiving is the celebration of togetherness. This year, I am immensely thankful for the steady support of my family and the joy... Continue Reading

Win The Lottery While Growing Your Nest Egg More than anyone, poor people need to analyze their budgets and watch where they spend their money. Usually, the poor fall victim to the pressure of falling behind and the need to catch up.  The elusive dream is to get rich quickly.  It is simple: spend a few bucks and win the lottery. Playing the lottery is one of those get-rich-quick ideas that pan out for a very small number. Every dollar counts for the poor, as they can’t afford to make mistakes with their money.  Statistically speaking, the poor are more likely to gamble than the rich, even... Continue Reading

  Crafting Your Ideal Retirement: Navigating the Path to Financial Freedom By Jeremy Reif, CRPS Are you worried about saving enough for your retirement? We all want to spend our golden years stress-free, enjoying the things we love. But to achieve that, we need to crack the retirement code and determine how much money we need to save each month to reach our financial goals. First, let’s assess your retirement dreams. Picture your ideal lifestyle.  What are the activities you want to pursue and the places you want to explore? What hobbies will keep you busy?  Will you travel for relaxation,... Continue Reading

Inflation Federal Reserve Interest Rate Hikes By Jeremy Reif, CRPS The big news from banks in the last few weeks was in their internal financial reporting that account balances continue to trend down for consumers.  Speculating on two things.  The first is that consumers have spent all or most of their COVID-19 relief money.  The second is that despite the lagging inflation warning information that the Fed is reviewing, consumer spending will slow down in the near future.  Signaling that the US economy could be close to slowing down despite the unemployment rates and consumer spending. To some,... Continue Reading

By Jeremy Reif, CRPS This article will attempt to break down the complexity of the stimulus package, interest rates, and inflation into something a little more relatable. First Stage – Stimulus, Free Money?: Imagine you have a big jar of cookies, and each cookie represents money. When the government decides to give people more cookies (money) through a stimulus package, it can sometimes lead to a problem called inflation. Inflation is when the prices of things you want to buy go up, and you need more cookies (money) to buy the same things. So, if the government gives out too many cookies (money)... Continue Reading