Fresno Financial Consultant
Fresno Retirement Consultant News: The Future of Retail Raises More Questions Than Answers
Will we learn to live with less? Some lessons were learned when the U.S. initially closed up shop and told everyone to stay home. For example, we can live without extra-soft, double-ply toilet paper and go a whole weekend without shopping at a store or eating at a restaurant — but we’d rather not. Yet…
Read MoreLose Home If You Use Medi-Cal?
Will You Lose Home If You Use Medi-Cal? If you or a loved one uses Medi-Cal, will the state put a lien on your home? It’s true that all your benefits paid to a person 55 years old or older by Medi-Cal is like a loan and they have the right to ask it back…
Read MoreFresno Retirement Consultant News: The Perks and Pitfalls of Self-Employment
Sole proprietors in the U.S. caught a huge break in April. The Paycheck Protection Program, borne out of the economic hardship caused by the COVID-19 pandemic, became available to solo entrepreneurs and independent contractors on April 10, 2020.1 According to a 2017 survey, 36% of U.S. workers are part of the gig economy.2 With so many…
Read MoreFresno Retirement Advisor News: Beware of Coronavirus Scams
After a press conference in which President Trump mentioned scientists were testing the potential of using disinfectants as a coronavirus cure, poison control centers across the country reported a spike in calls. In Maryland alone, the Emergency Management Agency fielded more than 100 calls asking about the president’s suggestion. In less than 24 hours of…
Read MoreFresno Retirement Consultant News: Health Care Woes Predicted Long Ago
“The federal pandemic influenza plan and public health experts predict that should the H5N1 influenza virus mutate in such a way that human-to-human transmission can easily occur, approximately 30 percent of the U.S. population could develop the disease. An influenza pandemic of some type could occur in the next few years … It is expected…
Read MoreFresno Retirement Advisor News: Contingency Plans Helpful to Weather the Unexpected
Financial advisors often tell clients to keep an emergency fund of liquid assets, with enough to cover three to six months of living expenses. It makes you wonder why America’s largest companies don’t maintain a similar practice, with three to six months of emergency savings to help keep workers on payroll during difficult times. Unfortunately,…
Read MoreFresno Financial Advisor News:Your Money
The federal minimum wage is set at $7.25 an hour, a rate that has not increased in more than 10 years, not even to keep pace with the cost of living. Even so, the national average minimum wage is $11.80, but only because some states have increased their minimum floor.1 In 2020, another 24 states…
Read MoreFresno Financial Advisor News: The Coronavirus and Other Oddball Risks
One of the reasons investing never gets boring is because it is an ever-changing, never-sleeping industry that presents new opportunities — and new risks — every day. One of the most recent threats to the global business economy, and therefore investors, is the coronavirus and its far-reaching impact. China, home to much of the world’s…
Read MoreFresno Financial Advisor News: Baby Boomers Staying Home for Retirement
In 1989, Harvard economists published a study concluding that as baby boomers aged out of the residential real estate market, there would be a glut of empty homes and prices would plummet.1 That clearly hasn’t happened yet, for a variety of reasons. Economists didn’t account for boomers’ life expectancy extending so much longer. People are…
Read MoreFresno Financial Advisor News: Student Loan Debt Affects More Than Millennials
Common sense would suggest older workers have a much easier time saving than young adults. They are more likely to have already purchased a home, put kids through college and, by that point, are putting more money away for retirement. A recent study by the Transamerica Center for Retirement Studies confirms this is true, but…
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