Consumer borrowing increased in January for the first time in a year, the Federal Reserve has reported, in what is definitely a bullish sign for the stock market.
The increase, according to LowCards.com, is even more significant since it occurred despite another drop in credit card loans.
According to the Federal Reserve, total consumer borrowing rose to [...]
Today we conclude our series, crucial to anyone approaching age 62 or older, on Social Security.
It is tremendously complicated, especially for couples when they both have worked. The Maffe Financial Group has specialists who have closely studied the ins and outs of Social Security and have allowed me to videotape a [...]
This is the year that those in the higher income brackets with traditional IRA plans need to look at the pluses and minuses of a unique opportunity to convert the IRA into a Roth IRA.
Robert A. Laraia, a West Hartford certified planner who has studied the conversion, says it it highly unlikely that there will again be another opportunity [...]
Today we continue our new series, this one crucial to anyone approaching age 62 or older – Social Security. It is tremendously complicated, especially for couples when they both have worked. Making the right decisions could add or take away as much as $400,000 to your income stream from Social Security. The Maffe Financial Group [...]
If you think the stock market is due for a correction, you have another good choice beside selling your stocks.
Consider buying Exchange Traded Funds (ETFs) that go up when the market goes down.
They are similar to mutual funds, but they trade like stocks and usually (not always, so do your homework) have a lower expense ratio.
My [...]
Today we begin a new series, this one crucial to anyone approaching age 62 or older – Social Security. It is tremendously complicated, especially for couples when they both have worked. Making the right decisions could add or take away as much as $400,000 to your income stream from Social Security. The Maffe Financial Group [...]
My guess is that most people who have watched Jim Cramer on his CNBC show Mad Money have strong feelings about the former hedge fund manager turned investment guru/entertainer. Many can’t stand him and scream when they hear one of his booyas – that goes double for most button-downed financial advisors/planners who roll their eyes when someone mention his name.
If you are getting close to be eligible for Social Security, you NEED to attend the Jan. 6 free seminar in East Hartford put on by the Maffee Financial Group. Al D’Agasto, a financial planner/advisor, is an expert on all the ins and outs of Social Security. I had the pleasure of moderating a financial [...]
One good way to separate the wheat from the chaff when it comes to investment pundits is to go back a few months to see if their recommendations now make any sense.
I did that today with Ken Fisher, a columnist for Forbes who also the CEO of Fisher Investments, a multi-billion dollar money management firm, and the author of several financial books.
Tuesday evening is your opportunity to get a free education in investing at the financial seminar being hosted in Glasbonbury by Rockville Bank.
I will moderate the event, making sure there are no sales pitches, just the best information we can provide you.
We are lucky to have three experienced and smart financial planners who are donating [...]