As the nation’s economy continues to emerge from the grip of the COVID-19 pandemic, concerns are that the five percent inflation rate increase in May’s Consumer Price Index (CPI) from the previous year is signaling the start of a potentially even greater spike.
Consumers express concerns that their hard-earned paychecks will not be enough to cover rising expenses for the rest of this year as the rules of supply and demand react to a marketplace that overall has more demand for good and services than are available.

The FOX News Analyst Talks About Her Patriotism, Role as a Mentor and Being a Dog Mom

Dana Perino was the tender age of seven when she made her first trip to the White House. It was 1979 during the Carter Administration. Her mom had a friend “on the inside” who secured the mother and daughter behind-the-scenes tour. While there, Perino was allowed to sit in front of an official White House typewriter and tap out a letter.

For some marriages, the COVID-19 pandemic produced the perfect storm: financial stress and too much quarantine togetherness. The result? An increase in divorce rates as American couples were pelted with the factors most often cited for splitting up.

According to Legal Templates, an online firm providing access to legal documents, the number of people searching for divorce information and purchasing the firm’s divorce kit was 34 percent greater from March to June 2020 as compared to same four months in 2019.

As retirement approaches: Become as well-prepared emotionally as you are financially

A well-planned retirement is something to look forward to. Those who are paying attention to the financial aspects are setting the stage “where they can experience their second childhood without parental supervision,” says Kenneth Moraif, CFP®, CRPC®, senior retirement planner and founder at Retirement Planners of America. Done right, “it can be like having the whole summer off for the rest of your life.”

When weighing retirement investment options and your tax responsibilities, your answer to this question is pivotal.
Do you want to pay taxes while you are working and socking away funds for retirement, or pay taxes when you stop working and begin withdrawing those saved funds?

Your answer determines if you will use tax-deferred accounts or tax-exempt accounts. Tax-deferred accounts are funded with monies that pay taxes later – when the money is taken out for spending. This strategy potentially creates a situation in which the saver’s income falls within a lower income tax bracket than

Emerging from the COVID-19 pandemic, everyone keeps looking for a return to “normal.” We long for life to settle down – especially when it comes to our finances. However, as the saying goes, “normal” is just a setting on the clothes dryer.

Some suggest that we’re moving into a “new normal” as evidenced by our new standards for social interactions and workplace rules. But this new normal extends beyond replacing handshakes with hand sanitizer.

Behind the Scenes of Restaurant: Impossible

As of December 2020, more than 110,000 U.S. restaurants were closed for business temporarily, or permanently, according to the National Restaurant Association. America’s eating and drinking establishments finished 2020 nearly 2.5 million jobs below the pre-coronavirus level, and total restaurant and food service industry sales fell by $240 billion in 2020.
Staggering data by almost any measure, the restaurant sector was negatively impacted more than any other industry in the country, according to the Washington-based association.