Debt Ceiling Explained: What You Need to Know

Basics of the Debt Ceiling The national debt ceiling pertains to the maximum amount of funds the US Government can borrow to cover its expenditures. These expenses include various items such as military salaries and purchases, tax refunds, Social Security and Medicare benefits, and interest payments on any outstanding debt. The country currently operates with […]
A Review of the Current Debt Ceiling

Background The US government is facing a critical decision regarding the debt ceiling, a cap on government borrowing that affects only the ability to pay existing bills, not to approve more spending. Currently, the US is getting perilously close to the current limit of nearly $31.4 trillion, at which point it could lose the ability […]
SECURE Act 2.0: 3 Key Changes to Retirement Planning

Recently, Congress approved the SECURE 2.0 act which has made some major changes to the ways that retirement works. The bill affected many important elements of retirement. Read on to find out how these changes might affect you. Required Minimum Distributions (RMDs) If you are a person who is considering options related to RMDs, starting […]