You might be surprised to learn that 65-75 percent of the world’s cryptocurrency ‘mining’ (having computers solve complex but meaningless algorithms to be rewarded with a coin) takes place in China. As Bitcoin and other crypto values have soared, so too have the number of would-be ‘miners,’ so many that their furiously active processing engines [...]
For some, the worst part about traveling can be the financial fears that come with it. How will I afford this vacation or extended trip? What if I go over my budget? What’s the best way to save if I don’t know how long I’ll be staying? Dylan Pollock, COO and Financial Coach at R&D [...]
There have been reports that so-called “elder abuse” in a financial context is on the rise, costing elderly Americans an estimated $36 billion last year alone. By one estimate, roughly one in three older Americans has been scammed in the past five years—what an official at the Institute on Aging calls “an elder financial abuse [...]
Arguably the wildest consequence of the recent pandemic is the remarkable price boom in the U.S. housing market—which, some might remember, went spectacularly bust in the 2008-9 Great Recession collapse. Today, half of all houses put on the market are purchased in less than a week, often for more than the asking price. One recent [...]
The U.S. investment markets continued to defy gravity in the second quarter of the year, closing out the month of June—and the first half of 2021—at new record highs. This is the fifth consecutive quarter where the U.S. markets posted gains. Everywhere you looked in a diversified portfolio, you saw gains in the second quarter. [...]
Stimulus checks are still front page headlines. Did you know you may qualify for more through the Child Tax Credit Program? According to current law, a person must be a U.S. citizen with a social security number and not dependent on another taxpayer to receive a stimulus check. Individuals are also subject to the following [...]
Estate Management Checklist Estate planning can be complicated. To simplify the process, here are 9 questions that should be on your estate management checklist to ease the process for you and your loved ones when you go. Do you have a will? A will enables you to specify who you want to inherit your property [...]
If you are a small business owner or planning to become one, retirement planning for both you and your employees should be a big consideration. Small business owners are not required to offer retirement services to employees. According to data collected by SCORE in 2019, companies with ten or less employees are the least likely [...]
When you marry or simply share a household with someone, your life changes—and your approach to managing your money may change as well. The good news is it’s usually not so difficult. At some point, you will have to ask yourselves some money questions—questions that pertain not only to your shared finances but also to [...]
Inflation is in the news again, thanks to a recent jump in the Consumer Price Index. The Bureau of Labor Statistics has calculated that the price of a basket of goods and services rose 5% on an annualized basis in May, the largest increase since August of 2008. The inflation rate was 4.2% in April—which, [...]
