There’s another financial pitfall looming as well. Inflation is poised to take off in a big way. How do we protect ourselves?
Chad Benson here. In my previous post, I talked about the various benefits of precious metal investments like gold and silver and why I personally believe investing today is the smartest choice you can make for your future. In this post, I want to discuss the benefits of gold from a different perspective…
Your pension is a vital part of your long-term planning, and it’s essential that you take into account accurate forecasts. Pension benefits for some individuals have been recently cut in a trend that seems to be impacting numerous organizations across the nation. This poses worrying problems for those who have relied on company or public pensions to supplement their income when they retire, and it illustrates the dangers of relying too heavily on any one income or investment stream.
Recent economic uncertainty has propelled the dollar down against the yen, resulting in a gradual reduction in the dollar’s overall value. The dollar has also performed relatively poorly against the euro, and some are blaming uncertainty about the Affordable Care Act for sluggish performance.
With the Fed’s announcement that it’s increasing interest rates, it seems likely that inflation is going to be a concern for investors in the near future. Much of this is fairly predictable, as the policies put forward by the new administration typically lead to inflationary pressures.
Public education after high school is now seen as a necessity by many Americans, particularly given that many companies require some form of degree to even be considered for an entry-level position. Unfortunately, this is coupled with spiraling college debt, which has recently exceeded $1 trillion.
Retirement is a key part of most Americans’ plans, and many are saving via 401(k)s and IRAs. However, different generations save in different ways, and the focus on saving shifts throughout the years.
This sudden drop in the markets is an important reminder that nothing goes up forever. If it rises too high, it’s likely that they’re overvalued and have turned into a bubble, a bubble which could burst at any moment.
Much has been said of the latest proposed amendments to the Affordable Care Act, with most media focused on middle and low-income earners. If it is repealed in whole or in part, it could affect the retirement plans of individuals at all income levels, especially for those who have to retire early and haven’t planned for it.
A couple weeks ago, the company behind Snapchat, Snap Inc., went public. The valuation was a little over 29.3 billion dollars by the end of day one. While that may seem appealing to investors, we have to keep in mind that they lost 514 million dollars last year; that is a lot of money to lose.