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.

Many 401(k) investors don’t use target-date funds the right way

By GRA News Blog | July 23, 2021
401k saving

KEY POINTS Target-date funds are meant as a one-stop shop for 401(k) plan investors. A third of investors don’t use them this way, however, according to Vanguard data. This may inadvertently skew one’s asset allocation over time. The trend has improved over the past decade, however. And some investors may not be misguided in their…

Parents anxiously await the start of monthly child tax credit payments

By GRA News Blog | July 12, 2021
child tax credit

In just a few weeks, millions of families will start to receive monthly payments from the federal government through its new, expanded child tax credit. For Marla Snead, 52, the money will mean the world. Snead and her youngest daughter, Carlee, 14, live in Chesapeake, West Virginia – her eldest, Kelsie, is 22 and out…

5 warning signs that you’re not ready to start investing, according to financial planners

By GRA News Blog | July 9, 2021
working at the computer

It might seem like everyone is investing, but are you financially ready? It almost seems like investing has become a national pastime during the pandemic. The meme stock craze captured our imagination this winter, and many people made a lot of money: Beginner investors who purchased shares of AMC and Gamestop were earning returns of at…

Inherited an IRA? You Could Pay Major Taxes if You Don’t Follow the New Rules

By GRA News Blog | July 8, 2021
IRA highway

Did you inherit an IRA or know you’ll be the beneficiary of an IRA? Know the rules outlined by the SECURE Act so your money doesn’t get eaten up by 50… Do you expect to inherit the contents of an individual retirement account (IRA)? If you are not the spouse of the individual who died…

Wednesday Q&A Gregory Explains Meme Stocks and the Short Squeeze

By GRA News Blog | July 7, 2021

Gregory Explains Meme Stocks and the Short Squeeze Adam in Gulfport asks Gregory about the potential for a short squeeze with meme stocks. Gregory assures Adam that a short squeeze could happen, but the meme stock arena is off the rails and in speculation territory. Do you have questions for Gregory? Press the ASK GREGORY…

5 Important Steps to Managing Your 401(k)

By GRA News Blog | July 7, 2021
401k plan

Saving independently for retirement is a great way to help ensure that you have enough money to cover your living expenses as a senior. While Social Security may provide you with a nice chunk of cash, it generally isn’t enough to live on in the absence of other income. If you have a 401(k) plan,…

A Crash Is Coming for Meme Stocks, ‘Big Short’ Investor Michael Burry Says

By GRA News Blog | July 6, 2021

Long before retail investors on Reddit flooded online forums theorizing about GameStop, investor Michael Burry spotted an out-of-favor stock that was misunderstood. Now, Burry says he sees shades of 1999 and 2007—periods of other market frothiness. “I don’t know when meme stocks such as this will crash, but we probably do not have to wait too long, as I…

Bobby Bonilla Day explained: Why the Mets still pay him $1.19M today and every July 1

By GRA News Blog | July 1, 2021
baseball money

The calendar has turned to July 1, and that means one thing: It’s time for Mets fans everywhere to wish each other a Happy Bobby Bonilla Day! Why? On Thursday, 58-year-old Bobby Bonilla will collect a check for $1,193,248.20 from the New York Mets, as he has and will every July 1 from 2011 through…

How to Prepare Financially for the Death of a Spouse

By GRA News Blog | June 30, 2021

You and your spouse did everything right, financially. Except you didn’t consider the consequences when one of you dies first. There are things you can do to help prepare financially for the death of a spouse while you’re both alive. You’ve done everything to prepare for a financially secure retirement as a couple except one…

Wednesday Q&A Can Trusts Own IRAs?

By GRA News Blog | June 30, 2021

Can Trusts Own IRAs? Gregory explains why trusts cannot own IRAs in this clip from the Winning At Life financial radio show. 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 need help…

Special-Needs Trusts: How They Work and What Has Changed

By GRA News Blog | June 29, 2021
special needs trusts

Trusts give parents of special-needs children additional options for extending care and financial assistance. But you might need some expert help. Can you explain how a special-needs trust works? We have an adult child on disability and have been told we can set up a special-needs trust for her. We have an individual retirement account…