The good news for parents and their college-bound kids: The U.S. Department of Education’s Free Application for Federal Student Aid (FAFSA®) makes it relatively easy to apply for federal and state, and many institutions’ financial aid opportunities in a single session. This “one-stop shopping” certainly beats having to submit separate applications for each source of funding!
The catch? While you are generally required to submit your FAFSA application for the 2020–2021 academic year by June 30, 2020, ...Continue Reading →
If there’s one question on every investor’s mind, it goes something like this: “How am I doing so far?” This universal query is especially relevant when you’re making plans to retire or pursuing other substantial financial goals.
Since we cannot accurately predict the future, Monte Carlo simulation allows for risk analysis and decision making using a mathematical computer model applying quantitative analysis theory. Monte Carlo Analysis allows you to see alternate possible outcomes and measure the impact ...Continue Reading →
Whether due to disability, dementia, or simply enjoying an exotic vacation, there are many ways you can end up unavailable to make critical financial or health care choices for yourself or your loved ones. If this happens the only way to insure your wishes are carried out is to document them.
One source of confusion is understanding which legal logistics apply during your lifetime, and which don’t come into play until after you pass.
Today, we will ...Continue Reading →
The U.S. Federal Reserve (the Fed) had been gradually ratcheting up the federal funds rate, until it reached its December 2018 level of 2.25–2.50%. On August 1, 2019 that changed when the Fed lowered the federal funds rate by a quarter point, to 2.20–2.25%. Even though the announcement was not a huge surprise, it was the first rate decrease since the thick of the 2008 Economic Crisis. As such, the move is receiving wide media ...Continue Reading →
Guest Blog By: Daniel Satchkov, CFA – RiXtrema Market Commentary
Donald Trump yesterday suddenly threatened to increase tariffs on many Chinese goods from 10% to 25% effective this Friday. He also threatened to institute many new tariffs. According to his math, the new tariffs will amount to 25% on about $375 Billion in goods or roughly $94 Billion per year. Chinese Communist Party is not yet used to bludgeoning by Twitter and Shanghai Stock is down 6% for ...Continue Reading →