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The lingering shadows of the Gilded Age stretch into the present, casting a long silhouette over America’s economic landscape. Families like the Waltons, the Mars clan, and the Cargill-MacMillans stand as pillars of enduring wealth, their fortunes built over decades and, in some cases, centuries. These dynasties have accumulated vast resources and mastered the art […]
If you’ve been waiting for a sign to make big moves with your finances, this is it. The Federal Reserve just made its first interest rate cut since 2020, slashing the federal funds rate by a full half percentage point. This is no small step—it’s a loud and clear signal that the era of “cheap […]
Housing in America is in crisis. Skyrocketing rents, climbing mortgage rates, and a relentless shortage of affordable homes have left millions of Americans struggling to keep a roof over their heads. In response to this mounting challenge, Vice President Kamala Harris has unveiled a sweeping plan aimed at lowering housing costs and expanding access to […]
Democrats keep floating the idea of taxing unrealized gains, but let’s be real—it’s a non-starter. Why? Because they’re unrealized. Sure, they’ll tell you it’s aimed at the ultra-wealthy, those sitting on $100 million or more, and they’ll calculate it by subtracting liabilities from assets—essentially boiling it down to net worth. But let’s pause for a […]
From Dot-com to U.S. Housing to Chinese Real Estate, there have been about nine notable global asset bubbles since the Great Depression. The most recent was the Special Purpose Acquisition Company (SPAC) bubble, which resulted from hyper-speculation. SPACs are shell companies created to take private companies public. Nikola Corporation, DraftKings, and Trump Media are notable […]
The difference between the Roth IRA and the traditional IRA is to choose whether you want to save now pre-tax or post-tax dollars for retirement. A traditional IRA lets you save pre-tax income and let the earnings grow tax-deferred. You...
By Article Posted by Staff Contributor
Participating in your employer’s 401(k) plan is the most convenient way to save for retirement Your employer 401(k) lets you save part of your pay before federal and state income taxes are withheld. The standard employer 401(k) match is 50...
By Article Posted by Staff Contributor
You should buy your home now because historic low-interest rates will not last forever. A couple of weeks ago, one of my Facebook connections posted, “I cannot wait until the economy crashes, so I can buy a home.” I don’t...
By MacKenzy Pierre
Congress passed, and President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The bi-partisan law made severe changes in how Americans save and withdraw from their retirement account. The Secure Act now requires the inherited IRA...
By MacKenzy Pierre
When managing your finances, two terms often pop up: saving and investing. But what’s the difference, and how do you decide which one’s right for you?...
By Article Posted by Staff Contributor
Introduction In 2023, about 4.2% of U.S. households—equivalent to approximately 5.6 million families—remained unbanked. Despite years of economic growth and increased financial services accessibility, millions of...
By FMC Editorial Team
The question of whether to rent or buy a home has been overanalyzed by just about everyone with a calculator and an opinion. And yet, too...
By MacKenzy Pierre
Introduction: The Safety Net You Can’t Afford to Ignore Life is full of unexpected events—whether it’s a surprise medical bill, a sudden car breakdown, or a...
By Article Posted by Staff Contributor
Maximize Your Retirement Savings in 2024: Key IRS Adjustments to Know Saving for retirement just got a bit easier—and potentially more lucrative—thanks to new cost-of-living adjustments...
By Article Posted by Staff Contributor
The Bureau of Economic Analysis (BEA) report indicates solid economic growth in the third quarter of 2024, with the U.S. real GDP increasing by 2.8% annually....
By FMC Editorial Team
Introduction: Why Zero-Based Budgeting? Have you ever gotten to the end of the month and wondered where all your money went? You’re not alone. Most people...
By Article Posted by Staff Contributor
When you’re on the hunt for a credit card, there are many things to consider—the rewards program, perks, fees, and perhaps most importantly, the Annual Percentage...
By Article Posted by Staff Contributor
You might think delaying your financial decisions isn’t a big deal. But let me tell you, financial procrastination can cost you more than you realize. It’s...
By Article Posted by Staff Contributor
Being underwater on your car loan can feel like you’re sinking financially, but you’re not alone. According to the Federal Reserve Bank of New York, auto...
By MacKenzy Pierre
When managing your finances, two terms often pop up: saving and investing. But what’s the...
Introduction In 2023, about 4.2% of U.S. households—equivalent to approximately 5.6 million families—remained unbanked. Despite...
The question of whether to rent or buy a home has been overanalyzed by just...