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.

Thinking of Buying a Fixed Annuity? Ask These Questions First

By GRA News Blog | July 3, 2020 |

Of all the types of annuities out there, a fixed annuity is the one that’s most straightforward. Is it the one that’s right for you? by: Ken Nuss Fixed-rate annuities are popular because of their guarantees, simplicity and higher rates than most competing products. A fixed-rate annuity — also known as a multi-year guaranteed annuity —…

12 Ways to Get Your Retirement Plan Back on Track

By GRA News Blog | June 23, 2020

If your financial situation hits a rough spot, there are a number of things you can do to get your retirement plan moving in the right direction again once you get back on your feet. by: Diane Davis Does it feel like the coronavirus pandemic has pushed all your retirement plans by the wayside? If you…

More Than a Meal

By GRA News Blog | June 19, 2020

When we lost restaurants this spring — when their doors closed and many of their workers were sent home — we didn’t just lose places to be fed. We lost a theater of experience. Here, several renowned writers recount some of their most memorable meals out. Our New Friends by Ruth Reichl “Do we have…

The Fun Stuff: Deductions & Credits

By GRA News Blog | June 18, 2020

The Story Doing taxes probably isn’t your idea of a good time. Deductions and credits are here to change your mind. I’ll bite… We’ll start with some definitions. Tax deductions indirectly lower your tax bill by lowering your taxable income – by subtracting eligible costs you’ve paid throughout the year. Tax credits are even better. Because it’s a…

Here’s why you need to up your financial literacy: It’s costing you money

By GRA News Blog | June 17, 2020

Carlina Teteris When it comes to money, you can’t make wild stabs and think everything will be OK. Maybe it will be. Maybe it won’t. Less-than-great news for Gen Z: They have the lowest financial literacy of any demographic, according to a survey from TIAA fielded in January. In the annual P-FIN Index of financial literacy, the overall population of American adults on average…

Wednesday Q&A – How will I be taxed on my retirement income?

By GRA News Blog | June 17, 2020

How will I be taxed on my retirement income? Gregory discusses taxes pre and post-retirement and what that means for this Winning at Life listener. If you would like to submit a question that may be featured on the Wednesday Q&A, use the form below! We’re Here to Help Have questions about this week’s content, or…

4 Things Baby Boomers Should Focus On After The Fed Stimulus Ends

By GRA News Blog | June 16, 2020

As the “easy money” era runs its course, money management doesn’t have to be difficult. A look at what’s next. From low rates to where? There was a time when retirement planning was straightforward. It went something like this: invest some money in stocks for growth, and buy bonds with the rest. After all, bond prices…

13 Frugal Habits of the Super Rich and Famous

By GRA News Blog | June 15, 2020

Becoming wealthy and staying that way takes a certain level of discipline. Sure, an occasional splurge won’t put you in the poor house, but frequent frivolous spending can quickly erode your net worth. The frugal habits necessary to achieve financial success and maintain it can be surprisingly simple. Read on to meet 14 business leaders…

Retirement Planning Can Be Stressful. These Tips Can Help.

By GRA News Blog | June 12, 2020

“The main thing you can do to plan for your retirement is to save.” PointImages / Shutterstock Retirement may seem like an abstract, far-off goal (unless you’re already independently wealthy or a 401(k) ninja, in which case—respect). But you’ll never drink mai tais on the beach in your seventies unless you start saving money now.…

How the Federal Funds Rate Affects Your Wallet

By GRA News Blog | June 11, 2020

Jerome Powell is the finance world’s Cardi B. As the chair of the Federal Reserve (aka America’s central bank), Powell is the face of a lot of gov money moves that affect you. Like changing the federal funds rate. That’s an important percentage that influences everything from inflation to what you pay to borrow money. Increasing rates means the…

Federal Reserve Vows To Help Economy Weather The Pandemic Recession

By GRA News Blog | June 11, 2020

The Federal Reserve left interest rates near zero Wednesday and once again promised to deliver whatever monetary medicine it can to an economy that’s badly ailing from the coronavirus pandemic. “The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time,” the central bank said…