By Nirav Desai You don’t have to look far to find someone willing to give you financial advice. But what is hard to find is a financial advisor who advocates for your hopes and dreams and puts your interests first, always. That’s what Qubera Wealth is all about. Born out of seeing the devastating consequences of poor financial advice and planning, our firm strives to dig deep into your financial questions, concerns, and worries, and we’ll work hard on your behalf to build a future you can be excited about! Who We Are Qubera Wealth is an independent, fee-only fiduciary …
Do Presidential Elections Actually Impact The Stock Market?
More often than not, whenever a presidential election year is underway, you will hear a lot of news anchors and financial analysts will talk about the economy and the stock market. There will often be self-proclaimed experts who have their theories about how a presidential candidate will affect the market during election year, how investors may react as Election Day draws closer. But there’s a lot more to the workings of the stock market than simply the candidate or their political party. While an incumbent or new president can have some impact on the market, you have to look at …
2020 Contribution Limits for Employer Sponsored Plans
The 2020 contribution and benefit limits have been released by the IRS. The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased. The following limits are applicable to 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan: The contribution limit will be $19,500, up from $19,000 for 2019 The catch-up provision limit for employees aged 50 and over will be $6,500, up from $6,000 for 2019 For SIMPLE Retirement accounts, the contribution limit will be $13,500, up from $13,000 for 2019 2020 Contribution Limits for …
Does The Fed Lowering Interest Rates Really Hurt Retirees?
In most cases, the actions of the Federal Reserve lowering interest rates are a good thing because a lot of economic activity depends on the ability of businesses to borrow money. It is of course easier to borrow when interest rates are lower, but lowering interest rates too much could affect investors who may see lower returns on certain funds in their portfolio. Certainly the stronger the economy, the better the returns will be on certain investments, but lower interest rates could affect certain low risk investments that seniors may be more dependent on for when they can no longer …
2019 Catch Up Contributions
The IRS does a good job of providing the country’s elders with ways to save for retirement. Some of the most popular investment vehicles the IRS provides access to for the benefit of US taxpayers include 401(k) accounts and a variety of IRAs. While both options provide a variety of benefits to the taxpayer, the primary benefit involves taxation. In some cases, taxpayers can make investment with pre-tax dollars, effectively deferring taxes until they take distributions. In other cases, taxpayers can make their contributions with after-tax dollars with no taxation on the earnings that originate from those investments. For taxpayers …
Why I Became A Financial Advisor
By Nirav Desai There’s no denying it: money, and how you handle it, can make or break your life (and your stress levels). I saw firsthand the importance of financial planning and the difficulties created by poor plans when my father died and left an estate that was a mess. Not only did I have to muddle through the details and clean everything up in a time of grief, but I also experienced frustration at how the situation could have been avoided if my father had been given the right advice. I realized how hard it is to find competent …
Should You Delay Retirement?
Retirement is a dream for most Americans. Sure, there are people like Warren Buffett who love to work. Most people do not. If you’re one of those people who want to retire, the question arises of when a good time to retire might be. Some people will be fine retiring next week while some should wait for a few more years. Can You Do Without Income? If you’re working a job that pays well, it’s unlikely you’ll be able to bring in as much money when retired. There are exceptions to this rule. If you’ve routinely saved half of your …
Modern Day Scams To Avoid
The possibility of being targeted for a scam or a malicious scheme is well-known, and you may be aware of some of the more common or outdated scams. Today’s criminals, however, are increasingly devious. They know that many people are onto their efforts, so they can go to great lengths to trick consumers like you into providing vital personal or financial details to them. This may include everything from your bank account or credit card account info to your Social Security number, account password and other details. These are some of the more advanced schemes that you should aware of. …
Are You Prepared For Medicare Open Enrollment?
If you are approaching the age of 65 or already an eligible beneficiary, open enrollment for 2020 Medicare health benefits starts soon. For new enrollees over 65 or turning 65 and don’t have medicare, you can sign up from October 15th to December 7th of this year. Existing enrollees will receive information including a notice of annual changes and evidence of coverage the beginning of October. Whether you are an existing or a new enrollee, it is better to prepare yourself for Medicare Open Enrollment. First, learn what Medicare means if you are a new enrollee, how to change existing …
Life Insurance, It’s Not For You!
September is Life Insurance Awareness Month which gives us a reason to talk about a subject that some try to avoid. Life insurance can conjure up dark images. Many people are jarred into realizing the importance of buying life insurance after a close friend or family member has passed away or even after hearing a news story about a tragic death that hit close to home. The reality is that we are all mortal, and there will very likely come a time when your loved ones will be left to fend for themselves without you. Consider these important questions to …