Finance Knuggets

Mar 23, 2024

I recently read that investment adviser Jerry Golden suggests adding the value of your home to your retirement income planning. The healthcare industry is still dealing with complications from a cyber attack at UnitedHealth’s Change Healthcare, but systems are being gradually restored. There’s also been a surge in hedge fund investments in uranium stocks, as they anticipate a future powered by nuclear energy. In terms of college majors, a specific degree has taken nine out of 10 spots on the list of the 10 highest-paying college majors five years after graduation. Additionally, a recent survey determined the most appealing places to spend retirement in the U.S., taking into account factors such as tax costs, living expenses, quality medical care, and recreational opportunities.

I also came across news about the global IPO boom, with over $5.6 billion raised in offerings since Monday, and most issuers seeing strong gains in early trading. Additionally, Digital World Acquisition Corp. (DWAC) shareholders are expected to vote on the SPAC’s proposed merger with Trump Media & Technology Group, the parent company of Truth Social. If the vote is successful, this could become a significant development in the meme stock space. Lastly, there are considerations for individuals looking to relocate for retirement, including the best U.S. places to retire, retiring abroad, and states that won’t tax retirement income.

I have recently learned that many people looking to reduce their retirement expenses are considering moving to states that do not tax retirement income. While this may seem like a smart financial move, it’s important to consider the potential downsides before making such a decision. Additionally, some Americans are considering retiring abroad, but there are financial complications and logistical issues to consider when living internationally. It’s crucial to carefully evaluate the monetary aspects before making a move to a foreign country.

Furthermore, hiring the right financial advisor is essential for retirement planning. Making the wrong choice can have a negative impact on investments, so it’s important to avoid common mistakes when selecting an advisor. Additionally, for those on Medicare who are considering a move, it’s important to understand how the plan will follow to a new address and what steps need to be taken to ensure a smooth transition.

Overall, these financial considerations are important for anyone planning for retirement or considering a move, and it’s crucial to carefully weigh the pros and cons before making any decisions.

Stay Well!