by Daniel White | Feb 27, 2023 | Economy
February 27, 2023 Last week we covered some major changes resulting from the new SECURE ACT 2.0 law. Now I’d like to dive deeper into one of the specific provisions – allowing rollovers from 529 college funds to Roth individual retirement accounts (IRAs) (I also did a...
by Daniel White | Feb 20, 2023 | Economy
February 20, 2023 With the late 2022 adoption of a $1.65 trillion omnibus package to keep the government funded, lawmakers made the SECURE ACT 2.0 the law of the land. The new law includes big changes to retirement account rules. Many of them affect workplace plans as...
by Daniel White | Feb 13, 2023 | Economy
February 13, 2023 Personal finance company NerdWallet did a study on American household debt and credit card use. The results are a bit somber. For 2022, NerdWallet found the average American household has outstanding debt of $165,388. That’s up 7.65% from 2021 and a...
by Daniel White | Feb 6, 2023 | Economy
February 6, 2023 The U.S. debt ceiling is the maximum amount of money the government can borrow via issuing bonds. It is intended to maintain fiscally responsibility. But as it is today, the debt ceiling makes little sense. See, the government already hit the ceiling...
by Daniel White | Jan 30, 2023 | Economy
January 30, 2023 As of this writing, the national debt stands at more than $31 trillion and it’s growing fast. Yet our fiscal budget deficit fell sharply in 2022. The national debt continued to rise because the government continues to spend more money than it receives...
