by Daniel White | May 13, 2025 | Ed Slott
Can children have IRAs? There is no minimum age for having an IRA. Due to the power of compound interest, saving tax-free in an IRA from childhood can provide a significant head start on financial security. Saving $7,000 in an IRA annually from age 14 through 24 and...
by Daniel White | May 12, 2025 | Economy
May 12, 2025 The economy in the 2020s has not been boring. We’ve had a pandemic and inflation already. Now we have a trade war, recession fears, maybe more inflation, and capital flying out of U.S. dollar assets. In the past, the Federal Reserve would often step in to...
by Daniel White | May 5, 2025 | Economy
May 5, 2025 A lot has happened in the markets in 2025. But the truth is stocks were due to fall, whether from tariffs or something else. Not long ago, the stock market was trading at the highest prices measured against earnings. Stocks were more expensive than in 1929...
by Daniel White | Apr 29, 2025 | Ed Slott
April 28, 2025 Life insurance and Roth IRAs have a basic structure in common: they are both wealth transfer tools that help facilitate an efficient transfer of assets from one generation to the next and can provide a tax-free legacy. Despite their similarities, life...
by Daniel White | Apr 28, 2025 | Economy
April 28, 2025 In 1979, Federal Reserve Chair Paul Volcker inherited a real mess. Government overspending led to budget deficits and a massive increase in the national debt. By 1974, inflation climbed to as high as 12%. To combat that, the Fed raised interest rates as...
