Economy
Now is a Good Time to Review Your Retirement Savings – New York Retirement News
One advantage to a tax deferred IRA or deferred comp plan is if you plan to leave New York State for retirement you can avoid ever paying state income tax on your earnings. For example, Pennsylvania while it has a state income tax on income it doesn't tax withdrawals from retirement accounts.
What a Border-Wall GoFundMe Campaign Says About America
"Individuals start or contribute to crowdfunding campaigs for their own reasons, but on a collective scale, Americans’ willingness to pitch in 20 bucks to a stranger online is among the defining phenomena of 2018. Its popularity is made possible by two intersecting realizations: Some of the vital structural underpinnings of life in the U.S. don’t work very well, and the ideas that end up mattering most are often those with money behind them."
The Current State of Affairs
The Bubble’s Losing Air. Get Ready for a Crisis
"Investors need to focus on how few options are left to deal with a major economic slowdown."
NPR
All good advice. Saving money these days is so easy with automatic withdrawal and so many low cost index funds and higher interest FDIC insured online only savings accounts.
Investors Are Getting Nervous, And Topsy-Turvy Rates Are Proof
"In a worrisome sign for the economy, the interest rate on short-term U.S. Treasury securities actually rose above that of longer-term instruments. The unusual phenomenon is known as an inversion of the yield curve, something that hasn't occurred since 2007. It often signals a slowing of growth and perhaps even a recession, economists believe. Uncertainty about the economy spilled over into the stock market on Tuesday. The Dow Jones Industrial Average was down nearly 600 points, or about 2.3 percent, in afternoon trading."