Posts by Mark McMahon
Is your savings account working hard enough?
You may have heard recently that the Federal Reserve raised interest rates again. Specifically, they raised the target for the Fed Funds rate, putting it at 2.00% to 2.25%. I can hear you yawning already… STOP! Before you move on, ask yourself when was the last time you checked the interest rate you’re earning on…
Read MoreFalling Assets
Here’s some good news: The Center for Retirement Research (CRR) at Boston College reports that between 2013 and 2016, households led by someone between age 55 and 64 in the second-highest income quintile had an increase in retirement income. These wealthy households more than doubled their combined 401(k)/IRA assets – to a median total of…
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