The Chinese economy of 2023 is in bad shape. This surprises very few people, and has been both predictable and predicted since 1979, when the then-most populous country in the world imposed its one-child policy. Initially introduced to combat the perceived threat of overpopulation in the news at the time, it has proven to be, […]
Do you really need annuities in your retirement portfolio? Very likely you don’t. To start with, your monthly Social Security check is an annuity and, if you’re reading this, you probably have a financial advisor telling you how important it is to diversify your income streams. If you’ve got the low risk/low reward corner covered, […]
Organized labor has been much in the news lately. From restaurant workers to Hollywood stars, it seems like everyone is walking a picket line, or deciding whether to cross one or not. This is an important topic to cover here because many of the readers of this blog might soon be called on to strike […]
In the first two years of Joe Biden’s presidency, he had enough friends on Capitol Hill to push through most of his spending priorities. These Democratic majorities were razor-thin, but still adequate to pass five bills that poured federal money into the economy. While one could argue that some or all of this was needed […]
The pilot retirement age may soon rise to 67 under pending legislation, adding another two years to their careers. Not everyone is jumping for joy about that – certainly not the majority of pilots in the various pilots’ unions. The proposed Let Experienced Pilots Fly (LEPF) Act passed its first hurdle when the bill, sponsored […]
If you’re concerned that you’re not only going to still be alive after all your saved money has been spent, but that you’re going to still be alive after your mental faculties have seriously declined, this is for you. We really ought to talk about annuities. And we promise – this is an annuity guide, […]
Investing in your child’s future education is an important financial goal for many parents. Two popular options for saving for higher education are the 529 plan and the UTMA plan. While both of these investment vehicles can be used to save for your child’s education, they have distinct differences. In this blog, we will discuss […]
Banks fail. No matter what guardrails we put in place, how many regulators are supposed to be overseeing them, or how sterling the top executives’ reputations, banks fail. Rarely do they all collapse at once, fortunately, and there aren’t always major reverberations throughout the economy, but bank implosions have happened before, and they’ll happen again. […]
Serving as a Financial Advisor or Wealth Manager for an individual or family requires more than just knowledge and understanding of investment management. At Smith Anglin, we take our advisory role as a fiduciary very seriously and feel it is important to not only grow and preserve a client’s wealth but to do all we […]
Manufacturers’ warehouses were bursting with unsold inventory. Industrial production started shutting down. Yet labor was somehow in short supply and workers were demanding higher wages. This was the scene as recession took hold of the American economy in late 1960, while the nation – and probably a few corpses in Chicago – decided whether John […]
