The Federal Open Market Committee or FOMC is the Federal Reserve’s monetary policymaking body. It is responsible for the formulation of a policy designed to promote stable prices and economic growth. Simply put, the FOMC manages the nation’s money supply! The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings (usually every six weeks) during the year. Last month,…read more →
The Social Security Act (SSA) was signed into law by then-President Theodore Roosevelt on August 14th, 1935. In addition to several provisions for the general welfare, the new Act created a social insurance program designed to pay retired workers aged 65 or older, a continuing income after retirement. As per SSA.gov taxes were collected for the first time in January of…read more →
Your credit score is one of the most important measures of your financial health! I have found that few advisors have a handle on how to coach their clients to improve their credit scores. There are ripple effects to having good or poor credit. The better your score, the easier you will find it to be approved for new loans and or…read more →
By the time you read this, we will thankfully have waived “good riddance” to 2020! Wishing you and your family a Happy, Healthy, and Prosperous 2021! Covid-19 has created many behavioral shifts in the year 2020! Some behavioral shifts are temporary, and some could be here to stay. One of those shifts has been toward internet shopping for holidays, tangible gifts, and sometimes…read more →
When “The CARES Act” was enacted in late March. Everybody knew the $600/week unemployment benefit portion was expiring on July 31, 2020. If politics were like golf, originally (in July) the Senate was playing for the “COVID” 19th hole, whereas the House of Representatives was playing for the next round.
You don’t need me to tell you that this country is upside down right now. There has never been a more important time to think clearly and adapt to the current situation. With 40 million unemployed and another 10 million not seeking work, many are in a “financial” survival mode. One in three Americans have yet to receive their unemployment…read more →
As you probably already know, other than the 5 boroughs, New York State has reopened this week. What does this mean for Rockaway and Queens? The way business owners decide to spend their CARES Act stimulus package Payroll Protection Program (AKA the Triple PPP) money, will have a direct effect on our economy and the unemployment rate through this summer…read more →
Six out of ten American’s will make some type of financial-based new year’s resolution for 2020. Usually, there’s a triggering event like receiving your December 2020 credit card bill or spousal pressure to name two. Follow these tips; Consolidate Financial accounts: Close 1 or 2 existing financial accounts that you are not tracking or have insignificant monies in. This will…read more →
The year’s end is hectic between the holidays, parties and kids being home from school. It’s easy to get off track during the 4th quarter. Follow these 6 tips and with a little time and effort your 2019 finances will be more organized and less stressful. Organize your paperwork: It’s hard to feel in control when you can’t find anything. …read more →
Six out of ten American’s will make some type of financial based new year’s resolution for 2019. Usually, there’s a triggering event like receiving your December 2018 credit card bill or spousal pressure to name two. Follow these tips: Consolidate Financial accounts: Close 1 or 2 existing financial accounts that you are not tracking or have insignificant monies in. This…read more →
Recent Comments