Record Highs in 401(K) Contributions Retirement accounts in the U.S. reached record highs by the end of 2018’s third quarter. The average account balance was $106,500 for 401(k) plans, and the number of 401(k) millionaires in the U.S. increased to 187,400, up 41 percent from 2017. This trend may continue, because of an increase in 2019…

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In U.S. History, We Have Experienced Many Market Recessions: Causes varied greatly and could often be tied to contractionary monetary policy, instituted to reduce inflation. “Contractionary policy refers to either a reduction in government spending, particularly deficit spending, or a reduction in the rate of monetary expansion by a central bank. It is a type…

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  View this post on Instagram   I was recently featured in Texas Monthly as a FiveStar Best in Client Satisfaction Wealth Manager. No self nominations were accepted and only SEC compliant advisers were considered. This is my fifth year receiving this distinction and it’s truly an honor! #austin #austintx #atx #texas #wealthmanager A post…

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Political Legislation Affects Our Economy: Whether it’s a new tweet by the president, or something more controversial, politics has an impact on the way people manage their investments. However, even in times of political unrest, the stock market has remained relatively resilient. Recently, the market has successfully weathered political climates that had the potential to…

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Social Security is Running Dry But that doesn’t mean it will cease to exist! Social Security has been an important topic in retirement for decades, but a lot has changed in recent years. For preceding generations, a senior could obtain a sizable portion of their retirement income, solely from social security benefits. Nowadays, seniors that…

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