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.

3 Keys to Long-Term Prosperity, Health, and Happiness

By GRA News Blog | December 23, 2019

Prosperity should be everyone’s goal. Being prosperous means you have a life worth living. It means your internal and external worlds are congruent. GETTY IMAGES The definition of the word prosper is to: Succeed financially Flourish physically, to grow strong and healthy “Prosperity,” is far more than money, when you really think of the word. There is so much more…

Claiming Social Security retirement benefits? Don’t let these myths trip you up

By GRA News Blog | September 18, 2020

KEY POINTS When it comes to Social Security benefits, “the earlier the claim, the steeper the penalty,” according to Shai Akabas, director of economic policy at the Bipartisan Policy Center. While workers are first eligible to claim at 62, holding off until age 70 could increase their benefits by as much as 76%. But some…

Diversify, Rebalance, Rinse, Repeat

By GRA News Blog | September 17, 2020

In 1997, with its stock price in the mid $60 per share range and an average market capitalization valued around $16 billion, JC Penney (JCP), having an investment grade credit rating, issued a $500 million, 100-year bond, that paid a coupon of 7.625%. On Friday, May 15th, 2020, the 118-year old JC Penney filed for…

Wednesday Q&A Should I take my employers stock option plan?

By GRA News Blog | September 16, 2020

Should I take my employers stock option plan? Gregory answers this question during an episode of the Ask Gregory podcast. Click to listen below! Do you have questions for Gregory? Press the ASK GREGORY below and your question could be featured next! ASK GREGORY We’re Here to Help Have questions about this week’s content, or…

Retirees Beware: These States Tax Your Social Security

By GRA News Blog | September 16, 2020

Social Security benefits are meager enough, yet these states take some of that money away. Though it can be skimpy, Social Security is a major source of money for retired Americans: The Social Security Administratration says about 1 in 5 older married couples and nearly half of single seniors rely on their benefits for 90%…

Stimulus check: Who counts as a dependent for your taxes and how much money could you get?

By GRA News Blog | September 15, 2020

If a second round of stimulus payments gets approved, you could be eligible for more money based on your dependents. Here’s how to find out. If you claimed dependents on your 2019 tax return, you should have received $500 per dependent in the first round of stimulus checks. The rules for who qualified as a…

IRS updates cryptocurrency tax guidance

By GRA News Blog | September 14, 2020

Virtual currency received for small tasks on a crowdsourcing platform is taxable Watch the latest video at The IRS issued new guidance clarifying how cryptocurrencies are treated for tax purposes when they are received in exchange for certain services. The tax agency recently released a memorandum stating that an individual who receives digital currency through a crowdsourcing platform…

Many older workers entered the pandemic with little saved toward retirement. Here’s how they can improve their finances now

By GRA News Blog | September 11, 2020

KEY POINTS A lot of older workers do not have a pension or 401(k) plan to draw money from when they retire. Many approaching retirement often have meager savings — just $88,000. If that’s you, there are steps you can take to help you live more comfortably later. Many people’s retirement dreams received a reality check following the…

7 Must-Have Money Conversations You Need to Have Before Getting Hitched

By GRA News Blog | September 10, 2020

On the first date, you discuss splitting the bill. Soon, you’re planning your first vacation together. Before you know it, you’re engaged and planning a wedding. If you haven’t already, it’s time to have the money talk. Financial things to talk about before getting married Yes, talking about money can be heavy, but it’s important…

The ‘Stretch IRA’ Estate Planning Strategy Is Gone. Here Are 4 Other Options.

By GRA News Blog | September 9, 2020

  The Covid-19 era is a mess, and we’re still in the middle of it. But life goes on. So, let’s be more open to doing what we would do in more normal times. What I normally do is give tax advice. Here’s some updated estate planning advice for well-off folks to consider. Evaluate “stretch…

6 Mistakes You Don’t Want to Make When Choosing a Wealth Advisor

By GRA News Blog | September 8, 2020

When you decide to choose a wealth advisor, this is a major decision. You’ve worked hard earning this money or preparing for your retirement. Here are six areas of concern to consider:    1. Hiring an advisor who doesn’t put your needs first  You want to hire a wealth advisor who is prepared to answer all of your questions…