How Do Demographics Affect the Economy? Posted by CopyTeam Back in 2019, economists claimed that the large population of older Americans, dubbed the “silver tsunami,” was creating a drag on the economy. The fear was that Americans were aging toward retirement at a faster rate than young adults were entering the workforce. Not only …
What the Stimulus Could Mean for Investors Posted by CopyTeam Millions of Americans have embraced the new relief money resulting from the $1.9 trillion America Rescue Plan. They’ve been able to pay for utilities and put food on the table while looking for employment. Those who maintained their jobs throughout the pandemic have embraced …
Automation, the Pandemic and the Fed Posted by CopyTeam The prodigious bank ledger used to be one of most important components of America’s financial system. Hand-written entries detailed every account holder’s deposits, withdrawals, loans and payments. A lot has changed since then. In fact, in just the last decade, banking has become as …
Life Insurance Applications on the Rise During the Pandemic Posted by CopyTeam It may come as no surprise to learn that there was a jump in life insurance applications during 2020.1 While contemplating one’s demise may feel like something you can delay when healthy, financial planning clearly weighed heavily on the minds of Americans during …
What is Your Retirement Plan? Posted on April 27, 2021 by CopyTeam Amid lost jobs and a scaled-back economy in 2020, some workers may have decided to retire earlier than planned. There are a couple of Social Security strategies worth considering in this scenario. First, if both spouses are over age 62, determine if …
Updates on FSAs and HSAs Posted on April 20, 2021 by CopyTeam 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 …