by Leif Jensen | Jun 7, 2023 | Money Management |
The Glass-Steagall Act effectively separated commercial banking from investment banking and created the Federal Deposit Insurance Corporation, among other things. It was one of the most widely debated legislative initiatives before being signed into law by President...
by Leif Jensen | Jun 6, 2023 | Money Management |
The Gold Standard was a system under which nearly all countries fixed the value of their currencies in terms of a specified amount of gold, or linked their currency to that of a country which did so. The gold standard was the basis for the international monetary...
by Leif Jensen | Jun 5, 2023 | Money Management |
I have clients asking me regularly if they should start taking their Social Security at 62, 66 or 70. So, I look into my crystal ball (yes, I have one just for this) and then ask them how long they are going to live. The longevity issue is the crux of the issue. To...
by Leif Jensen | Mar 21, 2023 | Money Management |
How much did you pay in credit card interest, last year? Was it in the hundreds or thousands? I have recommended to clients “zero interest” credit cards for faster debt repayment. These cards typically do not have balance transfer fees. These cards typically have...
by Leif Jensen | Mar 13, 2023 | Money Management |
I had a client who was desperate to sell his business, to the point that he settled on self-funding the purchase. It is recommended that you exercise a certain caution and be truly careful with whom you self-fund for the sale of your business. I was not made aware of...
by Leif Jensen | Jan 25, 2023 | Money Management, Taxes |
In determining whether converting a traditional IRA to a Roth IRA benefits a particular taxpayer’s situation, many additional factors must be weighed. These include the following. The taxpayer’s present income tax rate versus the rate expected during retirement — If...
