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September 23, 2024
Why Rents Are Plummeting in These 6 Cities, According to Experts
As with most things, what’s happening with the broader economy affects the rental market.
“Shutting down an economy, choking the supply chain and then following this up by raising the Federal fund rate skyrocketed inflation,” DeLuca shared.
This inflationary pressure has made life in already expensive cities even less affordable. As a result, it’s no surprise that people are moving out.
September 17, 2024
7 States Where Upper-Class Paychecks Could Suffer If Kamala Harris Wins in November
September 17, 2024
7 States Where Upper-Class Paychecks Could Benefit Most If Trump Wins in November
Interestingly, Anthony DeLuca, CFP and expert for Annuity.org, suggested that some of the biggest beneficiaries could be in traditionally high-tax states.
“Upper-class earners living in areas with high state and city taxes need federal and corporate relief,” DeLuca explained. “That would be New York, California, New Jersey, Massachusetts, etc.”
DeLuca pointed to Trump’s past tax policies as a guide.
“Trump enacted the TCJA of 2017 which gave huge tax relief to the upper-class,” he said. “It lowered both the individual tax rate from 39.7% to 37% and the corporate tax from 35% to 21%.”
September 1, 2024
Seven Best Passive Income Investments To Build Your Wealth in 2024
“First off, any excess cash should be placed in a money market account. Most are yielding around 5% at a time when CPI is now back down towards 2.9%. That yield differential is a no brainer,” said Anthony DeLuca, CFP, an expert contributor at RetireGuide. Just remember that investing comes with risks and everyone’s situation is different, so it’s a good idea to consult a financial advisor when making investment decisions.
August 26, 2024
Six Ways Kamala Harris Might Keep Your Money Safest as President
As DeLuca pointed out, “If you are a new family trying to live out the American dream, Vice President Kamala Harris’s policies might align with your wants and needs.”
As always, voters should carefully consider how each candidate’s policies might affect their personal financial situation and the broader economy.
August 26, 2024
Four Ways Trump Might Keep Your Money Safest as President
Trump’s tax policy has been a cornerstone of his economic approach. Anthony DeLuca, expert contributor at Annuity.org, explained, “One of the bigger dialogues surrounding former President Trump’s first term was the Tax Cuts and Jobs Act in 2017, which was supposed to create tax relief for all Americans.”
August 19, 2024
5 Ways To Become Wealthy by Investing Just $100 a Month
Anthony DeLuca, an expert contributor for RetireGuide.com, pointed out the power of maxing out tax-advantaged accounts like IRAs. “If you max out the IRA each year (assuming the maximum stays at $7,000), for 40 years with an annual return of 7.0% (roughly the S&P average over the last 25 years after inflation) you will have an ending value of $1.3 million,” he shared.
August 10, 2024
6 Keys To Managing Investments During an Election
August 6, 2024
Here’s What a Kamala Harris Presidency Would Mean If You Plan To Retire in 2025
To learn how a Harris presidency could impact the plans of boomers eyeing a 2025 retirement, GOBankingRates consulted two financial planners, DeLuca and Michael Collins, CFA, and CEO and founder of WinCap Financial.
“Always look at your financial plan,” said DeLuca. “It does not matter if there is a new president. Every six months, a financial plan should be revisited and adjusted as need be.”
August 2, 2024
Does Paying for Financial Advice Make People More Confident?
As both DeLuca and Bellak’s points illustrate, an advisor can help clients feel more confident about their financial future, especially if the professional pays close attention to their needs. A person’s confidence also hinges on their ability to keep an open mind and feel that they’re getting the most monetary value out of their advisor-client relationship.
July 30, 2024
No retirement savings at 40: A comprehensive guide
A financial planner can help you figure out how to begin saving for retirement in your 40s, or even later, and still achieve a successful financial outcome.
For one real-life example, Anthony DeLuca, a certified financial planner (CFP) and financial advisor at Delta Advisory Group in Maitland, Florida, has a client who didn’t begin saving in a 401(k) until she was around 50 years old
DeLuca added that investors need a hefty dose of discipline when it comes to contributing to a retirement plan, as well as the ability to stick to a budget. “But for our client who is now enjoying her retirement, she will attest that the challenge was worth it,” he said.
July 17, 2024
When a Retirement Hardship Withdrawal Makes Sense
“There are times when potential debt is unavoidable, and that’s simply life," said Anthony DeLuca, a certified financial planner at RetireGuide.com in Longwood, Florida, in an email. "That’s why certain hardship withdrawals are the correct move to avoid debt, even if it means your retirement plan takes a step backward.”
June 28, 2024
What a Biden Win in November Could Mean for the Middle Class
“Based on what I’ve observed in the economy, I would say that Biden’s policies would truly have little impact, because shifting who foots the bill inevitably falls on the consumer,” said DeLuca. “What the Fed does regarding the Federal Fund Rate has just as much impact on the price of goods and borrowing power.”
June 28, 2024
Should You Get a Job After You Retire?
DeLuca shares that, in his estimation, “it’s worth making the extra dollars” and taking the hit to your Social Security if “you are doing a job in retirement that you enjoy and provides purpose.” Ultimately, he says that you’ll likely find yourself “making up the lost social security with your earned income, and you are receiving invaluable benefits.”
June 3, 2024
Insights from CFPs: 5 best Roth IRA investments
“If you are a young individual, you have plenty of time in the market to withstand volatility,” explains Anthony DeLuca, a CFP, CDFA and senior financial advisor at Delta Advisory Group. “Your mindset should be more growth-oriented, and therefore, your best investments should be tailored toward equity. On the contrary, someone a few years out from retirement needs to reduce their market risk, and a more conservative portfolio is a better investment choice. A fair mixture of bonds and large-cap funds would be more appropriate.”
May 29, 2024
7 Tips for Paying Off Debt This Summer While Still Having Fun
Consider a Balance Transfer
If your main debt is credit cards, Anthony DeLuca, CFP, CDFA and expert contributor at Annuity.org, suggested transferring your balance.
“This is a process where you move credit card debt from one card to another, often with a 0% introductory APR,” he explained. “Now, you can focus on excess cash paying off the principal debt while having a little left over for summer enjoyment [i.e.] money that would have needed to go into interest payments.”
May 23, 2024
The Financial Value of a Qualified Longevity Annuity Contract
A QLAC is a type of longevity deferred annuity that provides a guaranteed stream of income during one’s life span. It allows an exemption from RMDs and a continued deferral of taxes into the later years of retirement, up to a maximum age of 85. If someone is in fear of longevity risk and is in search of certainty, this may be an appropriate tool. If someone is more growth oriented and wants more flexibility of their assets in retirement, this may not be an appropriate tool.