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US Household Debt Hits Record Levels

Friday, August 18th, 2017 and is filed under Financial Planning Tips, Videos

Laila Muhammad and Cathy DeWitt DunnIf you are cringing every time you open your bills every single month, well, you’re definitely not alone. According to a new report from the Federal Reserve Bank of New York, Americans’ debt level has hit a new record high. Total U.S. household debt has hit nearly $13 trillion in the most recent quarter. That is up over $500 billion over the same time last year. Well, that study also found that the average American is about $37,000 in debt. So 1 in 10 Americans are more than $100,000 in debt, and that’s not even including your mortgage. Credit card debt is also at a record high. According to the Federal Reserve, U.S. households collectedly have more than $1 trillion in credit card debt. Read More

Our 7 Point Retirement Planning Checklist Has You Covered

Friday, June 16th, 2017 and is filed under Annuity News, Financial Planning Tips, Retirement Income Annuities, Videos

Do you have a retirement planning checklist that is up-to-date? Unfortunately, most people don’t, and what’s worse, they don’t even have a retirement plan in the first place. Here is our 7-point retirement planning checklist: Read More

Wedding Debt – Don’t Start Off in the Red

Tuesday, March 22nd, 2016 and is filed under Financial Planning Tips, Videos

Jenny Anchondo and Cathy DeWitt DunnDid you know that the average wedding costs more than $31,000? According to Market Watch, one third of couples go into debt for their wedding day, and are having ‘red weddings‘ by putting them on credit. Don’t start your marriage off in ‘wedding debt’.

So, what do you do if you want that really special occasion, but don’t want to start out the marriage in debt? In this interview, Fox 4’s Jenny Anchondo and financial expert Cathy DeWitt Dunn discuss wedding debt and how to avoid it.
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Recession Survival Guide – 7 Tips to Prepare

Tuesday, March 1st, 2016 and is filed under Annuity News, Financial Planning Tips, Retirement Income Annuities

Recession Survival GuideDespite the recent health of the economy, behind every blue sky is the potential for clouds. The economy swings in roundabouts, and what goes up must eventually come down. 2008’s economic downturn was one of the worst in recent years, wreaking havoc on the stock market and the job market alike. Whether you foresee another recession in the near future or you just want to be prepared for the worst should it arise, these seven tips for recession survival are essential to your financial well-being. Read More

Money Stress – Fox 4 News Interview

Tuesday, August 4th, 2015 and is filed under Financial Planning Tips, Videos

The number one cause of stress for Americans is finances and the money stress may be affecting your health.  Financial professional, Cathy DeWitt Dunn, appears on Fox 4 KDFW to discuss Money Stress and how to deal with it. Read More

Student Loan Interest Rates Drop in 2015

Monday, July 6th, 2015 and is filed under Financial Planning Tips, Videos

Student loan interest rates drop for the 2015-2016 school year. The new rates for federal student loans go into effect for loans taken between July 1, 2015 and July 1, 2016. The new rates will allow students to borrow at a 4.29% interest rate for subsidized and unsubsidized loans, down from 4.66% in the last academic year. Graduate students will be able to borrow at 5.84 percent, down from 6.21%, and parents can borrow at 6.84 percent, down from 7.21%.

In the following interview on WFAA Channel 8 News, Cathy DeWitt Dunn dives into the subject of student loan interest rates. Read More

6 Retirement Planning Pitfalls to Avoid

Wednesday, June 3rd, 2015 and is filed under Annuity News, Financial Planning Tips, Uncategorized

For anyone who is preparing for retirement, maybe you’re not sure where to begin, or you made a budget a few years ago and haven’t followed up on it. Use these key areas to help you get on track with your retirement goals and to avoid falling into retirement planning pitfalls. Read More

What is the American Dream today?

Wednesday, September 17th, 2014 and is filed under Uncategorized, Videos

Is the American Dream Dead?Throughout the years, the American Dream was said to be that “if you are willing to work hard, you can be successful and build a good life for you and your family.” But is that still true today?

Wikipedia describes the American Dream as “a national ethos of the United States, a set of ideals in which freedom includes the opportunity for success, and an upward social mobility achieved through hard work.”

Unfortunately, there are many who either think the American Dream is out of reach or is dead. In a recent telephone poll conducted by ORC International, a stunning 59% of respondents agreed with the statement, “The American dream has become impossible for most people to achieve.” Read More

This Week in Annuity News

Saturday, September 6th, 2014 and is filed under Annuity News

Latest Annuity News

 

Stock Market News

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Assume Crash Position: the Impending Stock Market Collapse

Monday, June 30th, 2014 and is filed under Uncategorized, Videos

Irrational exuberance. This is the term former Federal Reserve Board Chairman Alan Greenspan used to describe the stock market on December 5, 1996. It was a period when investors had seemingly lost all sanity. Few heeded his warning. Three years later, stock markets worldwide crashed, eventually wiping out $5 trillion in value, primarily in technology companies.

Enter 2014. On June 25, the Commerce Department announced the U.S. economy shrank by -2.9 percent. This is not only the worst GDP pace for the same three-month period since 2009, it marked the steepest downward revision from second revision estimates since records began in 1976. The announcement was preceded by a dip in consumer confidence. According to Gallop, fully 58 percent of Americans say the economy is getting worse. Read More