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 Fed Could Start Pulling Back on Support Next Year. What That Means for Stocks.

By GRA News Blog | January 20, 2021

As the economy heats up, the Federal Reserve may start reducing the size of its bond-buying program, removing one layer of stock-market support. In the Fed’s December minutes, released this week, Federal Open Market Committee members highlighted the economy’s recent strength, saying that it has shown “resilience in the face of the pandemic.” The economic recovery…

Cheap Fun Cars Are Dying Because Young People Can’t Afford Them

By GRA News Blog | November 27, 2020

Why are attainable enthusiast cars disappearing? Because young working people can no longer afford to buy them. Car fans are tired of being told we can’t have nice things. The ensuing refrain is that the enthusiast market is too small to be sustainable. Given the U.S. population alone has increased by 80 million people over…

Wednesday Q&A What are the taxes on a deferred compensation plan?

By GRA News Blog | November 25, 2020

What are the taxes on a deferred compensation plan? Gregory addresses a question about deferred compensation plans and what the tax implications are on those types of company savings plans. Find out what taxes will look like if you are forced to take a lump sum. Do you have questions for Gregory? Press the ASK…

Jeff Bezos on why you should trust your gut, not data

By GRA News Blog | November 25, 2020

Amazon takes pride in its ruthless efficiency: fast delivery, a gigantic variety of products, and demanding work culture. But efficiency isn’t the key to Amazon’s success. During an interview at the Economic Club of Washington, Founder and CEO Jeff Bezos said: “I believe in the power of wandering. All of my best decisions in business and in life…

Should I take a $1,913-a-month pension or a $445,000 lump sum?

By GRA News Blog | November 23, 2020

My husband and I are 65 years old. He’s retired with a monthly pension of $1,800, and when he dies, I will be collecting the same amount for life. My husband and I will start to collect Social Security benefits Jan. 1, 2022, when each of us will collect $2,600 a month. We have total…

Using a credit card is as easy as swiping or tapping, but understanding how payments and interest work is key to staying out of debt

By GRA News Blog | November 20, 2020

On the surface, using a credit card is easy; you just swipe, tap, or insert to pay. It’s important to understand how credit card payments and interest work too, so you can avoid large interest fees. The key to using a credit card responsibly is to pay off your balance in full each month. This…

How to Save Money

By GRA News Blog | November 19, 2020

Across all personal finance websites, magazines and books, whether you listen to a big-wig guru or consult with a financial advisor, the most common advice you’re bound to hear is “save your money!” It’s not because anyone thinks you should sit on a pile of cash and never touch it, but because it is impossible…

Wednesday Q&A Should I cash out my old 401k or roll it into an IRA?

By GRA News Blog | November 18, 2020

Should I cash out my old 401k or roll it into an IRA? A Winning at Life caller has a question about what to do with an old 401k from an old job. Should he roll it into an IRA or cash out? Get Gregory’s thoughts in this clip from the show. Do you have…

Here’s the salary you need to make to get the maximum Social Security benefit possible

By GRA News Blog | November 18, 2020

  More than 69 million people received monthly Social Security checks in 2019. Nearly nine out of ten people aged 65 and older receive Social Security benefits, making it an essential part of retiring in the U.S. Benefits are based on your income, the year you were born and the age you decide to start taking money…

Loaning friends and family money? Here’s how to avoid the awkwardness

By GRA News Blog | November 16, 2020

While you might be anticipating a dreadful conversation about the state of American politics with your cousin, before or after all of the ballots are counted, there’s an even more awkward conversation lying in wait: money. Perhaps a family member has a great idea and needs some early funding to get their business off the…

Revocable trust vs. will: A guide to estate planning in the age of coronavirus

By GRA News Blog | November 16, 2020

Coronavirus has proven to be a major threat to our overall well-being. And with all the trouble it’s caused to families, now could be a good time to review your own estate planning needs. It’s something that many people may be overlooking, either accidentally or on purpose, as this economic and health crisis plays out.…