PSP & Associates Retirement Wealth Strategists Blog


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

Real Estate Update

December 11, 2018

 According to the Federal Reserve Bank of St. Louis, up to 10 million Americans lost their homes during the last financial crisis. Now, 10 years later, we’re only slightly above 2016’s low of 63 percent home ownership – at about 64 percent as of June 2018.1 While many metropolitan areas have experienced robust growth in jobs…

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Thinking About Downsizing?

December 4, 2018

When companies face a rough period, they often look to either increase revenues or trim expenses, including reducing overhead costs. You can do the same thing for your personal budget, where reducing expenses can give you the opportunity to increase your savings rate. Though this sometimes can seem easier said than done. Costs have a…

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Millennial Generation Impacts

November 27, 2018

It’s a tough time to be a young adult. Take the housing market, for example. It’s been fairly locked up since the last recession, when many millennials were still in high school. Now that they have jobs and credit history, it turns out millennials struggle to find a house to buy. In many areas, they…

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Money Matters

November 20, 2018

To help combat chronic poverty, some think tanks and economists have pitched the idea of a universal basic income (UBI), issued by the government. In the words of the 1980s band Dire Straits, UBI is essentially “money for nothing.” Proponents suggest that if every American adult received $1,000 a month to do with whatever they…

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What’s Real News?

November 6, 2018

“And that’s the way it is.” This is how Walter Cronkite signed off at the completion of his CBS Evening Newscast, which he anchored from 1962 until 1981. Widely recognized as a trusted source to deliver the news, Cronkite was known for his honesty and impartiality.1 These days, it’s hard to find impartiality. Many cable…

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Insights Into Medigap

October 30, 2018

Many Americans who enroll in original Medicare also purchase a supplemental insurance policy, colloquially known as “Medigap.” Medigap covers some or all of the out-of-pocket costs associated with original Medicare — deductibles, copayments and coinsurance — helping to reduce financial risk. However, there is a wide array of Medigap plans with a variety of different…

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Odds for Divorce

October 23, 2018

Every couple who decides to marry runs some risk of divorce in the future. The only way to definitively avoid divorce is to remain single, but plenty of people are willing to take their chances. Among the many unintended consequences of divorce is the toll it can take on a couple’s finances. Of divorced women,…

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Succeeding as an Entrepreneur

October 16, 2018

There’s an age-old insight that’s often cited when referencing entrepreneurship: “90 percent of startups fail.” In fact, that may not be the case. According to new research by Cambridge Associates — assessing more than 27,000 venture-backed startups — the average failure rate was 60 percent.1 It could be that new technologies and the ability to…

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Travel Ideas: Travelers Benefit from Industry Trends

October 9, 2018

Many areas of the U.S. experienced sweltering heat throughout this past summer. As the seasons change, now is a great time to take a vacation and enjoy the cooler air. Plan to get away If you’re looking to avoid the crowds, consider locations not necessarily off the beaten path but adjacent to popular hotspots. For…

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Where Americans Stand on Personal Debt

October 2, 2018

On one hand, low interest rates are good for those borrowing money. On the other hand, easy cash can lead to excess debt — a place far too many Americans find themselves.  Today, the median credit card debt is $2,000 per person, the median student loan debt is around $9,000 and the median mortgage debt…

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