PSP & Associates Retirement Wealth Strategists Blog


We help individuals and families work toward achieving their ideal retirements.

Country Getting Creative to Fund Infrastructure Changes

February 19, 2019

From politicians in Washington to residents whose cars are routinely damaged by potholes, perhaps the most agreed-upon issue in the U.S. is the country needs an infrastructure upgrade.Frustrated by inaction at the national level, the president and CEO of the U.S. Chamber of Commerce recently announced $25,000 in cash prizes will be awarded to innovators…

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U.S. Oil Production Fuels Worldwide Changes

February 12, 2019

  In recent years, the scope of the oil market has changed. OPEC, headquartered in Vienna, Austria, was established in 1960 to unify the petroleum policies of its members. These 14 countries, mostly in Africa and the Middle East, are considered hotbeds for oil.1   However, the world’s two largest producers are the United States…

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Customers Withdraw from In-Person Banking

February 5, 2019

A changing society has changed some of the ways customers and banks interact. For example, early efforts by brick-and-mortar banks to cut costs by promoting online transactions and electronic statements gave way to a new wave of competition from internet-based banks.1 This also severed some of the close relationships longtime customers enjoyed with familiar tellers…

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Decreasing Benefits Contribute to Retiree Bankruptcy

January 29, 2019

For most of the 20th century, it was common for employers and unions to sponsor health care insurance for retired workers, which helped pay for some or all of Medicare’s cost-sharing requirements and deductibles. However, this trend reversed sharply in the mid-1990s. A survey by the Society for Human Resource Management found that only 19…

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BRED Slices Mortgages Into Affordable Pieces

January 22, 2019

Baby boomers have long been the movers and shakers of the real estate market, but millennials are expected to be the biggest buyers in 2019. Millennials are projected to account for 45 percent of mortgages, compared to 37 percent for Generation X and 17 percent for boomers in the new year.This trend is expected to…

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News Around the Internet

January 15, 2019

Where there is internet, is there more prosperity? Generally speaking, yes. It costs much more to lay fiber to outlying communities than it does in larger metropolitan areas, which may contribute to the growing geographical discrepancy between income, education and even health care. Some places, like Indiana, hope to bring rural areas up to speed…

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The Power of a Healthy Mind

January 8, 2019

Can having your mind in the right place improve your health? It can’t hurt. We’re living longer, but we aren’t always prepared for what lies ahead. It’s easy to become disillusioned as new aches and pains crop up or our body doesn’t work like it used to. But just as we exercise and eat right…

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Protect Yourself from Scams, Hacks and Breaches

January 2, 2019

According to a telecommunications study of 50 billion telephone calls over an 18-month period, nearly four percent of calls in 2017 were fraudulent. In 2018, that number jumped to 29 percent of all calls. At that pace, the number of fraudulent calls is expected to rise to 44 percent of all calls in 2019.1 You…

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Social Security Updates

December 26, 2018

  Good news for retirees: Social Security benefits are scheduled to increase 2.8 percent in 2019, the biggest bump since the 3.6 percent increase in 2012.The average beneficiary – who received about $1,405 a month in 2018 – can expect to see just over $39 more each month, or about $468 more over the course…

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New Laws Passed By Congress

December 18, 2018

Toward the end of 2018, before the midterms, Congress passed a proliferation of bills, many of which were bipartisan. The following is a roundup of recent legislation designed to provide economic stimulus and additional protections heading into 2019. The America’s Water Infrastructure Act of 2018 directs the U.S. Army Corps of Engineers to embark on…

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