August is National Black Business Month
National Black Business Month reminds us of the crucial role of Black entrepreneurs and business owners in fostering economic growth, creating jobs, and enriching communities. “At David Lerner Associates, we recognize the importance of diverse business communities. Join us as we delve into the significance of...
Achieving Financial Wellness with an Investment Counselor
Statistics show that financial uncertainty is on the rise. Two-thirds of Americans believe their financial planning needs improvement. Americans say having a financial advisor boosts confidence; however, according to a 2023 Planning & Progress Study, only 37 percent work with one. Financial wellness has become more...
Interest Rates on Federal Student Loans Jump to Decade Highs for 2024-2025 Year
Every May, interest rates on federal student loans are reset for the upcoming school year. The rates are calculated by combining the yield on the 10-year U.S. Treasury note with an extra fixed amount set by Congress. Based on this calculation, interest rates on federal student...
The Economic Impact of an Aging World
During the week of June 10, 2024, French markets were rocked by a government bond sell-off after a strong showing by the far-right National Rally party in the European Union election. With polls suggesting the party might win a plurality of seats in the upcoming...
What to Know About the New Retirement Security Rule
The Department of Labor (DOL) recently announced a new Retirement Security Rule that will take effect on September 23, 2024. The rule aims to “safeguard the millions of American workers saving for retirement diligently and relying on advice from fiduciaries on how to invest their hard-earned...
Retirement Anxiety More Pronounced Among Millennials and Gen X
Retirement anxiety is a shared experience across generations, but it’s particularly pronounced among Millennials and Gen Xers. You're not alone if you’re feeling cynical about attaining financial security in retirement. Why Millennials and Gen X are so concerned about Retirement According to the 2024 Annual Retirement Study...
Enhancing Pension Plans: Strategies for America’s Retirement Crisis
As the landscape of retirement planning continues to evolve, it's becoming increasingly evident that many Americans are facing significant challenges in preparing for their golden years, particularly with the decline in traditional pension plans. With the shift away from traditional pension plans towards individual retirement accounts...
Maximizing Retirement Benefits: A Guide to SEP-IRAs for Small Businesses
In an era where retirement planning is essential, small businesses often struggle to find accessible and cost-effective retirement solutions. Luckily, a handful of retirement plan options work well for small businesses. Among these, the Simplified Employee Pension plan, or SEP-IRA, stands out as versatile. This article explores SEP-IRAs,...