News Blog

GRA has compiled a news feed to keep you up-to-date on

the latest financial and retirement news that could affect your wallet

See the latest headlines below.

The Covid-19 Recession Could Hit Women the Hardest. Here’s How.

By GRA News Blog | May 1, 2020 | Comments Off on The Covid-19 Recession Could Hit Women the Hardest. Here’s How.

Volatile markets have made it difficult to look at 401(k) and IRA balances, but the Covid-19 crisis could have farther-reaching consequences for the retirement security of those working for small businesses without plans and in hourly jobs. Women, in particular, could feel that crunch. Retirement security for many Americans was shaky to begin with, especially…

The average household spends $5,102 a month. Here’s the average breakdown.

By GRA News Blog | May 22, 2020

Is your spending way above — or below — the average? Find out here. Every household has different priorities when it comes to what you do with your money. But it’s important to make sure your overall total spending isn’t so high that it prevents you from accomplishing important financial goals, such as paying off debt or…

What To Expect from the Economy During Reopening

By GRA News Blog | May 21, 2020

It’s a huge question weighing on the minds of many of us. What will happen to the economy as states start to reopen? Will we quickly return to the economic normal we enjoyed just before coronavirus? How long will that take? How will the various outcomes impact my life? Those are tough questions to answer…

Wednesday Q&A – I’m a retired veteran. What can I do with my depleting 401(k)?

By GRA News Blog | May 20, 2020

I’m a retired veteran. What can I do with my depleting 401(k)? Gregory helps a retired Veteran find a solution to his depleting 401(k). Let’s talk about options….roll over IRAs & the Age 55 Exception Take a look at this video Have questions about this week’s content, or need help with your financial plan?  We’re here to…

When will we be going to concerts and sporting events again? Here’s what experts are saying

By gregoryricks | May 20, 2020

KEY POINTS Attending sports event or concerts with packed crowds probably won’t happen until 2021 at the earliest, say health experts and government officials The entertainment, arts and recreation industry has cut its new job openings by a higher percentage than any other industry since the Covid-19 quarantines began, according to data by CareerBuilder. Large…

How to Be a Great Virtual Grandparent

By gregoryricks | May 19, 2020

7 ways to strengthen the grandparent-grandchild bond while sheltering in place Credit: Adobe Nothing is “normal” these days. While we don’t yet know how bad COVID-19 will ultimately be, we do know that people over 60 are at particular risk for complications, should they become ill. That has many grandparents sheltering in place and unable…

Why You Didn’t Get Your Full Stimulus Payment From The IRS

By GRA News Blog | May 19, 2020

Some 130 million COVID-19 stimulus checks have been issued by the federal government, courtesy of Congress. But they may not be the amount you expected. When my family’s check came in the mail, it was slightly less than I thought. I’m not complaining, although I looked into the IRS guidance on how they determine the…

Where’s my stimulus check? Answers to common payment questions

By GRA News Blog | May 18, 2020

The U.S. government has distributed about 130 million economic impact payments to taxpayers in less than 30 days. The IRS anticipates sending more than 150 million payments as part of a massive rescue package to help consumers weather the impact of the coronavirus pandemic. The distribution has had some hiccups, including an overwhelmed website, payments to…

April grocery store prices made highest jump in more than 40 years

By GRA News Blog | May 18, 2020

Grocery store prices saw the highest month-to-month jump in more than 40 years as waves of Americans stocked up on provisions and hunkered down in April. The Labor Department released its monthly consumer price report on Tuesday, and the data revealed a 2.6% spike in supermarket prices last month led by higher costs for meat and eggs. Americans paid 4.3% more for meats,…

No Emergency Fund and No Job. Now What?

By GRA News Blog | May 15, 2020

Short on income and cash? Here are five steps you can take now to manage through this crisis. Caught in the crossfire of economic meltdown? Unfortunately, you’re not the only one. In the last week of March, nearly seven million Americans filed for unemployment. That number shatters the previous peak of 665,000 claims filed the…

Think Twice Before You Invest in a Private-Equity Fund

By GRA News Blog | May 14, 2020

Have individual investors missed out by not having access to private equity? In weeks like these , when publicly traded stocks are getting clobbered, it might seem so. We’re about to find out the answer, courtesy of Vanguard Group’s recent decision to create a private-equity fund. Though the fund initially will be available only to institutions such as…