Recently, Christine Benz of Morningstar interviewed Ed Slott about recent legal changes that impact retirement and tax planning. Ed Slott (self-proclaimed retirement expert) discusses the impact of the SECURE Act and promotes his latest book on retirement. Propel Advisor Danielle Woods covered the impact of the SECURE Act in a recent blog post "Traditional Retirement Savings: Why Tax-Deferred Accounts like 401(k)s May Be the Wrong Choice for Some Taxpayers" and our Jan. 27, 2021 Webinar, "New Year, New Strategies: Rethinking Your Savings Plan".

Did you know that the concept of saving for retirement has only been around for two generations? In 1940, the average life expectancy for men was 60.8 years. Women fared a bit better with an average life expectancy of 65.8. Historically, people typically worked until they died or physically couldn’t work any longer. In 1935, when the Social Security Act was signed into law, citizens had to be 65 years old to receive Social Security, which meant a small percentage of people ever received payment. Today, the average life expectancy for men and women is over 78 years, and non-disabled citizens can receive Social Security payments as early as age 62. On top of that, the desire to retire “early” is growing like wildfire. When considering the length of our lives and the cost of living compared with 1940, it’s no wonder we are having trouble keeping up with our retirement needs.

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances. This week's reads include: (1) Low interest rates leave savers with few good options, (2) Ant Challenged Beijing and Prospered. Now It Toes the Line., (3) The Idea That Raising Wages Destroys Value Is A Fallacy, (4) Is it time to forget what you learned about investing in bonds? (5) IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More, and Bonus article - Ghost Stories of Tripadvisor is a dreadful directory of hotel hauntings

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances. This week's reads include: (1) America Has Lost Its Taste for Iceberg Lettuce, (2) The Best Pastries Are Now Being Sold Via Instagram, (3) Mainstreaming MMT, (4) Florida Sees Signals of a Climate-Driven Housing Crisis, (5) The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O., and Bonus article - The American Latino Experience: 20 Essential Films Since 2000

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances. This week's reads include: (1) Sizing Up the Rural-Urban Travel Divide: Who’s Up and Who’s Down, (2) The anti-Spotify: How online music company Bandcamp became the toast of the COVID age, (3) Are markets in a bubble because traders live in one?, (4) Biden’s Tax Plan Would Spur Economic Growth, (5) Small investors have pushed big companies toward social change. A new SEC rule will limit their influence, (6) I Had Lost All Hope’: Clorox Wipes Are Still the Hard-to-Find Pandemic Item, and Bonus article - HEARTBREAKER - To women in search of love, Shaun Rootenberg seemed like a catch. What they didn’t know: he’d spent decades stealing from just about anyone who crossed his path.

Did you know that writing your concerns down often helps to reduce the stress of worrying about them? Many of our clients worry about the future, but do not know how to get those worries on paper in a meaningful way. We strongly encourage clients to consider working with us to create a written FINANCIAL PLAN.

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances. This week's reads include: (1) ArcelorMittal to Sell Steel Business in U.S. to Cleveland-Cliffs, (2) BTS to become multi-millionaires after label goes public, (3) How Stories Drive Financial Behavior--and What to Do About It, (4) Destruction of value in US real estate revealed, (5) Bonds Are Beating Stocks in Topsy-Turvy 2020, and Bonus article - Horseshoe crab blood is key to making a COVID-19 vaccine—but the ecosystem may suffer.

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances. This week's reads include: (1) No Job, Loads of Debt: Covid Upends Middle-Class Family Finances, (2) Coronavirus crisis caused 40% of parents to change their job situation, survey finds, (3) Exclusive: The Billionaire Who Wanted To Die Broke . . . Is Now Officially Broke, (4) Brooklyn Museum to Sell 12 Works as Pandemic Changes the Rules, (5) Huang’s Law Is the New Moore’s Law, and Explains Why Nvidia Wants Arm - WSJ, and Bonus article - Black Entrepreneur Gets Saucy, Signs Deals with 30 Grocery Stores.

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances. This week's reads include: (1) Exxon Used to Be America’s Most Valuable Company. What Happened?, (2) ANALYSIS-Nvidia acquisition of Arm throws company into tech spat between U.S. and China, (3) Medicaid rolls swell amid the pandemic’s historic job losses, straining state budgets, (4) Military Forced Into Payroll Tax Deferral; 1.3 Million Can’t Opt-Out, (5) The Biggest Money Mistakes People Make in a Recession, (6) A Free Market Manifesto That Changed the World, Reconsidered, and Bonus article - Chuck E. Cheese wants to destroy about 7 billion prize tickets amid bankruptcy.

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances. This week's reads include: (1) Evans of the Chicago Fed worried about politics effecting the economy, (2) Farm cash receipts to hit a decade-law, (3) Financial firms failing to disclose misdeeds, (4) Chief of the Atlanta Fed Bostic rethinking the Fed mandate, (5) Broadway's sturggle to come back, and Bonus article on a San Diego icon - a doctor who quit his practice to pursue rollerblading very, very slowly.