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August 25, 2023
In spite of almost daily claims by the crisis-obsessed media and politicians that Social Security is going broke and those who paid into it over their careers are at risk of losing their benefits, everyone can put their mind at ease because that is not going to happen. Social Security is a pay-as-...
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July 5, 2023
The second quarter of 2023 brought the first pause by the Federal Reserve in its blistering campaign of rate hikes that began in March of last year and has taken interest rates to a 16-year high. Following ten consecutive increases in the fed funds target rate, which soared from a range of 0.00%-0....
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June 21, 2023
Health Savings Accounts, more commonly known as HSAs, are becoming an important tool in helping many individuals better manage their personal health care costs while offering triple tax benefits for those who qualify and can afford to fund them. Contributions to HSAs are tax-deductible, grow tax-...
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May 16, 2023
Most anyone of my generation can remember the popular TV police drama Hawaii Five-O, starring Jack Lord as Detective Steve McGarrett that ran from 1968 through 1980. It was reprised in 2010 with a new set of characters running for another ten years. “Book ‘em Danno.” was a phrase often delivered...
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April 3, 2023
In the blink of an eye, events during the year’s first quarter turned the banking industry upside down, revealed new risks, added a layer of complexity to the Federal Reserve’s monetary policy decisions and created more questions than answers for bank depositors and investors alike. It also...
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March 23, 2023
Our previous blog, Unintended Consequences addressed the possible impact from recent bank failures on retail depositors. The damage could range from a slight inconvenience to financial ruin if the FDIC failed to cover deposits greater than $250,000. In the case of Silicon Valley and Signature Bank...