Someone recently asked me, “How can people avoid financial stress during this pandemic?” As a financial planner and financial therapist, my only honest answer has to be, “Most Americans can’t.” The economic fear and stress of the COVID-19 crisis affect many of us:...
Recessions are typically not good times for real estate owners. We are in the worst recession since the great depression. Yet residential real estate prices in many parts of the country are rising, not falling. Usually, as the economy shrinks, so do jobs, paychecks,...
HOW TO DEAL WITH BIDEN TAX HIKES August 23, 2020 | Larry Light So now the presidential race really begins. With the Democrats nominating Joe Biden last week and the GOP this week re-nominating President Donald Trump, it’s instructive to look at what the future could...
I recently wrote a column about an aging friend who, after years of doing it himself, hired someone to clean out his gutters. His reasoning was that at this stage in his life he had more money than energy. One of my retired clients, this past March, bought the second...
Although US Presidents’ influence on the economy is limited, their tax plans can affect Americans’ personal finances. Given Biden’s current lead in the polls and the real possibility of Democrats gaining control of the Senate, his tax plan may eventually be passed by...
