My passion is Financial Literacy - Helping people make really good money decisions. Licensed Insurance, Securities, Certified Financial Education Instructor.
Knoxville, TN
Joined February 2020
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myFinancialExcellence retweeted
BREAKING: Fulton County, Georgia, acknowledges that 3,600 ballots from the 2020 election audit were duplicated; now the discrepancy has been turned over to the GA Attorney General for investigation.
Another “right with conspiracy” comes true!
myFinancialExcellence retweeted
JUST IN: Mortgage demand is now down 50% from pre-pandemic levels and at its lowest level since 1994.
From its peak in 2021, mortgage demand is down ~64%.
Current mortgage demand is ~75% below the 2005 peak.
The most incredible part of this?
Mortgage rates are still only at their historical average.
Housing market activity is coming to a halt.
myFinancialExcellence retweeted
🚨Breaking Tax News🚨
Retirement-related inflation adjustments have just been released by the IRS. Key numbers for 2024 include...
🔸IRA contribution limit: $7,000 (⬆ $500)
🔸401(k) salary deferral limit: $23,000 (⬆ $500)
🔸Max SEP IRA contribution: $69,000 (⬆ $3,000)
🔸Max QCD: $105,000 (⬆ $5,000)
🔸Max one-time QCD to split interest entity: $53,000 (⬆ $3,000)
🔸IRA catch-up ($1,000), 401(k) catch-up (($7,500), max QLAC ($200,000) all remain unchanged all remain unchanged.
For full list of adjustments, see: irs.gov/pub/irs-drop/n-23-75…
myFinancialExcellence retweeted
"Homes unaffordable in 99% of nation for average American"
A lot of regular people ask me why I care so much about dry topics like monetary policy, debt & fiscal stimulus
THIS is why
It's because they impact our destiny far more than most realize
cbsnews.com/news/homes-for-s…
myFinancialExcellence retweeted
The capital gain exclusion amount on home sales has never been indexed for inflation. Since 1997! I wrote about that, and the importance of keeping good records on home improvements. morningstar.com/personal-fin…
myFinancialExcellence retweeted
Important. 👇🏻
My latest:
Congress is forcing higher earners to forgo a big tax deduction and put some savings into Roth 401(k) plans.
But that could be for the best, especially if it helps prevent widows and widowers from facing huge tax increases.
wsj.com/articles/congress-en…
myFinancialExcellence retweeted
Are Western economies (and currencies) about to slam into a BRICS wall?
Find out when Stephanie Pomboy steps in to guest host for me in her interview w/ currency & trade expert Jim Rickards
Video out at 11amET!
@spomboy @JamesGRickards
myFinancialExcellence retweeted
Bankrate says...
To feel ‘comfortable,’ Americans think they need a $233,000 salary and $1.3 million for retirement.
I think the salary figure is high and retirement too low.
What do you think?
👇
myFinancialExcellence retweeted
Americans between 25 and 54 are flooding into the job market as the share of people considered in their prime either working or seeking jobs rose this year to the highest level since 2002 on.wsj.com/3O0dx8R
myFinancialExcellence retweeted
670 days since John's "suicide".
670 days & his remains have still not been released.
670 days & his autopsy report has still not been released.
670 days is an absurd amount of time to wait to bury your loved one.
What are they hiding?
#JohnMcAfeeDidNotKillHimself
myFinancialExcellence retweeted
Governments usually resort to fiscal stimulus during recessions.
When a government is already running a $2.2 trillion annualized deficit (~8% of GDP) during an economic expansion, it changes the nature of recessions and near-recessions in that economy.
myFinancialExcellence retweeted
More importantly:
Human life value theory
Time Value of money
Lost opportunity cost
Financial Leverage
Velocity of money
Taxation and tax avoidance
Asset titling/ownership
Good debt/bad debt
Old money/new money
Mortgage Choice
Arbitrage
Deferred tax liability
Risk Management
myFinancialExcellence retweeted
For once, I kind of agree with the Fed, assuming FedNow works the way it’s described.
And if you ever wondered if they pay attention to social media/YouTube there’s your answer.
Which is why, even when they roll out a CBDC, they won’t call it anything other than a Dollar.
#FedFAQ: Is FedNow replacing cash? Is it a central bank digital currency?
No. FedNow is not related to a digital currency. FedNow is a payments service the Federal Reserve is making available for banks and credit unions to transfer funds. (1/6) federalreserve.gov/faqs/is-f…
ALT FedFAQ: Is FedNow replacing cash? Is it a central bank digital currency? No. FedNow is not related to a digital currency. FedNow is a payments service the Federal Reserve is making available for banks and credit unions to transfer funds. It is like other Federal Reserve payments services, such as Fedwire and FedACH. The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash.
