March 2023

As a retirement specialist, I strongly advise people not to rely only on Social Security for their retirement. While Social Security payments can be a valuable source of income during retirement, they are rarely sufficient to cover all expenditures. Individuals must plan and save for retirement utilizing several ways. Contributing to a whole life insurance […]

Introduction The Federal Deposit Insurance Corporation (FDIC) is an independent United States government organization tasked with maintaining financial system stability and public trust. One of its key duties is to protect client deposits in banks and savings institutions. However, this begs the question: if the FDIC bails out banks, who is bailing out the FDIC?

Do you hate filing your taxes? Are you sick of sending the IRS a large cheque every year? If you owe a lot of money in taxes, it’s time to reconsider your spending patterns. When you have a large amount of income taxes to pay, it is your fault. Here are some reasons why: The

The Deposit Insurance Fund has a current balance of $129.9 billion as of June 30, 2021, while the Orderly Liquidation Fund has a balance of $22.8 billion. These funds are critical for safeguarding depositors and guaranteeing the financial system’s stability in the case of a crisis. It is worth mentioning that the DIF seeks to

Sales tax is an inescapable element of running a business. Each state in the United States has its own sales tax rules and regulations, which may be confusing and make it tough to keep track of what you owe. If you don’t keep track of it, sales tax can quickly spiral out of control, resulting

Introduction The United States suffered a financial crisis in 2008, which resulted in the biggest bank bailout in history. The government contributed more than $700 billion to the bailout of failing banks. The rescue, however, came at a cost to taxpayers. In this blog article, we will look at how much the taxpayers paid for

In recent days, there has been news of a surge in withdrawals from two major US banks, Silicon Valley Bank and Signature Bank, leading to questions about their stability and the broader financial system. A run on a bank is essentially a situation where a large number of customers simultaneously withdraw their deposits, leading to

Losing your money in a bank account can be a distressing experience, but did you know that there can also be income tax implications? Here’s what you need to know: Overall, losing money in a bank account can have several income tax implications depending on the circumstances. It’s important to keep accurate records and consult

As the month of April approaches, taxpayers in the United States are busy preparing their tax returns, filing forms, and ensuring they meet the deadline. April 15th has become a well-known date associated with tax season, but have you ever wondered who set this deadline in the first place? In this blog post, we will

What is Time Value of Money Investing? Time value of money investing is a concept that can be applied to any investment, but it’s most commonly used in the realm of stocks, bonds, and mutual funds. The idea behind time value of money investing is simple: the sooner you invest your money today, the more