I can imagine that regardless of whether you are a parent or a young adult, you will read this title and immediately exclaim “Absolutely not!” (Or something . . . similar to that in meaning). I regularly hear rants from parents that once their kid turns 18 they are “out on their own.” When I ask why 18, they tend …
Survival of the Unfittest and the Great Reset
Over the past several years, I have encountered a wide variety of forms of excessive risk. These risks have manifested in a variety of ways, from the gross overvaluation of companies to businesses being able to borrow money at virtually no interest rate whatsoever, to the propagation of concepts such as cryptocurrency and other digital “assets.” I have watched these …
2023 Will Be a Huge Year for HSA’s
We have discussed in previous articles the benefits for contributing to HSA’s. You can make pre-tax contributions, hold and grow investments in them, with those deposits and growth also being tax-free on withdrawal for medical expenses. For people age 65 and older, funds can also be withdrawn without penalty. This makes the HSA both the preferable savings tool for long-term …
Consequences of Proposed Changes to Retirement Policies
by Steven BriggsChairman & CEOBriggs Financial Inc.Author Note: This was submitted in partial fulfillment of the requirement for the degree of Master of Science in Personal Financial Planning. Abstract A number of policy changes pertaining to how retirement accounts and other retirement-age mechanisms are either being proposed or have already been penned into law. These changes will have a significant …
2022: The Beat Goes On
2022: The Beat Goes OnBriggs Financial Inc. Annual Letter I feel like in many respects 2021 was perhaps a more difficult year than last year. While the pandemic reared in tremendous uncertainty in 2020, including the largest five-week drop in the history of the stock market, this past year has yielded a combination of highs, lows, but also a sort …
Fixed Income Funds Are Farsical
The thesis regarding the development and usage of fixed income funds seems reasonable on its surface. They look at a variety of factors, including volatility, benchmarks, correlation, and time horizon as a means of determining what assets are in their fund. The goal ultimately is a combination of capital preservation and income generation for the shareholder, paying out a consistent …
Sharing Our Values Through Compensation
It is important for our team members to be well cared for by the firm. On the most basic of levels, we believe that every person deserves both dignity and mutual respect. We also believe that everyone is important and contributes to the growth and success of the company. That alone is sufficient justification for being thoughtful not just of …
Full Stop on GameStop
GameStop is a garbage company that has yet to demonstrate any actual path toward a better business model and/or sustainted profitability.
Changes to Retirement Saving Incoming: Surprise, You’re Being Exploited!
Less than two years ago, in spite of all the political tensions that existed even before the 2020 election season and the year and half that has been COVID, Congress agreed on something. They agreed to a series of reforms to the rules of how retirement distributions work, revising decades of policy in a quiet end-of-year maneuver, passing easily through …
2021: From Perseverance Comes Progress
2021: From Perseverance Comes ProgressBriggs Financial Inc. Annual Letter There is no possible way that I could write in a paragraph or a page, or even an entire book, all the thoughts and feelings and sentiments I have regarding the year 2020. So I won’t. What I will say is that while 2020 has been an incredibly challenging year on …
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