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Should We Worry About The Massive Government Debt From COVID-19 Spending?

There are really two questions here. The first is whether or not the cost of the CARES Act and the other federal government rescue/stimulus spending packages could drive the U.S. government into bankruptcy. The second concerns the impact on our children and grandchildren of the mountain of federal debt that will be left to them.…
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The Most Tax Efficient Way To Contribute to Charity in 2020

Federal tax benefits for the charitably-inclined have undergone a seismic shift over the past three years. Between the Tax Cuts and Jobs Act of 2017, the SECURE Act of 2019, and the three acts passed earlier this year collectively known as the CARES Act, the federal government has not only changed the rules but has…
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One Action You Can Take During a Market Downturn

During times of stress we naturally feel the urge to do something, if only to create the illusion that we have some degree of control over the situation. But after a market meltdown advisors will tell you (correctly) that selling stocks now would achieve nothing except to lock-in losses. So doing nothing, especially if you…
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Stock Market Terms You Haven’t Heard Before

As I write this the S&P 500 had ended the day’s trading with a 12% decline. That’s the second greatest one-day loss in its history, and we are sure to hear all about it in the media. We will also be told that the S&P 500 is in “bear market” territory, the term used to…
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How The Stock Market Has Reacted To Pandemics

With the Coronavirus spreading and equity investors panicking, you might be wondering where this will all lead. Although the Coronavirus itself may be new, it certainly isn’t the first pandemic to strike the world. AIDS first appeared in June 1981. Since then we’ve had SARS, avian flu, swine flu, MERS, Ebola, and Zika, just to…
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Can An Annuity Be The Ideal Retirement Vehicle?

Among all the investment products designed to help you manage your savings throughout your retirement, a single premium immediate annuity (SPIA) is unique. For a given upfront investment amount it offers retirees a guaranteed lifetime stream of payments no matter how long they live. (The italics serve to point out that the promised payments could…
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