Since 2020 members of the Ruedi Wealth team have been writing weekly investing and retirement planning columns for our local newspaper, The News-Gazette.
As a financial advisor I can’t help but notice when people build walls and trap themselves financially. It often happens slowly, or doesn’t seem like a serious issue at first, only for a person to discover the seriousness of the issue when it is far too late.
Last week on our radio show we received a text from some super-savers who wanted to know if it was ok for them to save slightly less this year to treat themselves to a Formula 1 Race in Las Vegas. It was a great reminder that the most responsible savers often need “permission” to spend more.
The 10-year Treasury plays a unique role in the modern global financial system. As it is often considered the “risk free rate” – a return an investor can receive with practically no risk, it serves as a hurdle rate or benchmark of the cost of borrowing in general.
Series I Savings Bonds or “I-Bonds” for short, are designed to offer inflation protection to investors by providing a return that is made up of a fixed base rate, plus adjustments for inflation.
Lately I’ve been noticing several posts with the same features pop up: a retirement account balance, current age, desired retirement age, and the question, “am I cooked?”
A 529 College Savings Plan is a special type of savings account that allows investments to grow tax-free and withdrawals to be made tax-free for qualified college or trade school expenses.