Global Wealth Management Blog


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Young People: Who Said You Have To Be Wealthy To Invest?

By Global Wealth Management | September 18, 2021 | Comments Off on Young People: Who Said You Have To Be Wealthy To Invest?

Young adults have weathered difficult times the past two decades: mass school shootings, extreme weather conditions, student loan debt, and a global pandemic. But now they’re witnessing an unprecedented job market, where even those with little to no work experience can dictate their own terms. It’s important that we steer our young adults to good…

College Savings: An Update

By Global Wealth Management | September 2, 2021 | Comments Off on College Savings: An Update

Congress is known for passing enormous bills with lots of little-known provisions that are not entirely central to the key objectives of the bill. Alas, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 is one of them. It contains changes to how students and parents apply for student aid via the Free Application…

Reshoring: What’s the Future for Products and Services Made in America?

By Global Wealth Management | August 18, 2021 | Comments Off on Reshoring: What’s the Future for Products and Services Made in America?

According to a recent survey of supply chain professionals, the COVID-19 pandemic interrupted 98% of global supply chains. Among the most disruptive supply challenges was the procurement of personal protective equipment, pharmaceuticals and semiconductors. Companies that had outsourced manufacturing to other countries experienced firsthand the types of risks associated with offshoring. The previous administration placed…

Retirement Withdrawal Strategies

By Global Wealth Management | August 2, 2021 | Comments Off on Retirement Withdrawal Strategies

As hard as retirement saving and investing may seem, that’s the easy part. The real challenge is figuring out how to make your accumulated savings last throughout your and your spouse’s retirements. You need a strategy, and it’s best to have that strategy developed before retirement begins. Because life expectancy is longer these days, many…

All About RMDs

By Global Wealth Management | July 18, 2021 | Comments Off on All About RMDs

There really is a purpose behind required minimum distributions (RMD) of tax-advantaged retirement accounts. IRAs and employer-sponsored retirement plans feature tax-deferred income contributions and earnings growth throughout the lifetime of the account. There’s just one catch — when you take money out of that account, it then gets taxed at ordinary income tax rates. Some…

Tax Strategies

By Global Wealth Management | July 2, 2021 | Comments Off on Tax Strategies

In an effort to pay for new legislation, the Biden administration has proposed higher taxes for the nation’s highest earners. The president advocates returning the top tax rate to 39.6% for individuals earning $452,700 or more, and married couples with more than $509,300 in combined taxable income.1 This top tax rate was just reduced in…

Survival of the Fittest

By Global Wealth Management | June 18, 2021 | Comments Off on Survival of the Fittest

The coronavirus pandemic worsened income and wealth disparity in the U.S.1 However, if you were on a good path for retirement planning and financial stability, chances are you were in the group that came out ahead. According to the latest Retirement Confidence Survey by the Employee Benefit Research Institute (EBRI), a majority of retirees and…

Gen X Prepares to Ascend the Throne

By Global Wealth Management | June 2, 2021 | Comments Off on Gen X Prepares to Ascend the Throne

Generation X, comprised of adults between the ages of 40 and 55, have entered their prime earning years while at the same time enjoying a bull market for stocks. This demographic represents about a quarter of households in the U.S. (26.8%) and a similar share of household net worth (26.9%). However, many economists see Gen…

Social Security Proposals and Strategies

By Global Wealth Management | May 18, 2021 | Comments Off on Social Security Proposals and Strategies

As the Social Security Trust Fund approaches its expiration date, many existing entities are offering helpful suggestions for funding alternatives. For example, the Association of Mature American Citizens (AMAC) recommends a combination of changing how cost of living adjustments are made, delaying retirement age and updating the delayed credit strategy. Among its proposals, the AMAC…

Updates on FSAs and HSAs

By Global Wealth Management | May 18, 2021 | Comments Off on Updates on FSAs and HSAs

A recent survey found that 40% of respondents with access to a health savings account (HSA) do not fully understand how they work. Basically, HSAs are paired with high-deductible health plans to help people save money for their plan’s high deductible, copayments and other qualified expenses. However, the real value of an HSA lies in…