If 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
There is a mountain of data showing that the best time to sell stocks is in May and to stay out of the stock market for the following six months. Data shows that the S&P November-April period outperforms the May-October in the past 10, 20, and 50 year periods by over five percentage points on average. Read More
WFAA Channel 8 News reports on the Atmos Energy billing errors for thousands of north Texas customers. WFAA calls on AnnuityWatchUSA.com’s Cathy DeWitt Dunn to answer the question, debit card or credit card for automatic bill paying.
In these uncertain economic times, I am here to keep you up to date with the latest and best information on retirement income planning.
Technology enables us to reach a lot of people, but nothing takes the place of meeting our subscribers and listeners in person. That is why we have decided to launch a series of live workshops in the DFW area.
On Cathy’s recent appearance on KDFW Fox 4’s Good Day show, the topic was taxes. Although tax time is something we all dread, there are many new laws and info on taxes that everyone should be aware of. Read More
DeWitt & Dunn, LLC strengthens retirement income planning foothold in Northern California
DALLAS, TX – March 22, 2013 – DeWitt & Dunn, LLC, a financial services company serving consumers nationwide, welcomes David Hollander, Esq. to its family of retirement income planning experts featured on www.AnnuityWatchUSA.com. Mr. Hollander is a registered investment advisor specializing in assisting individuals and families with increasing income, lowering taxation, preserving principal and maximizing assets. With offices in Oakland, California, Mr. Hollander serves the entire Northern California Bay Area including San Francisco, Berkley, and surrounding communities. Read More
I’m sure by now that you’ve all heard about the coming fiscal cliff. More than likely, you’re getting tired of hearing about the dreaded “fiscal cliff” and all the doomsday scenarios being played out in the media. Is it all a bunch of overblown media hype or is it cause for concern? Should you wait and see what happens or should you take steps now to protect your retirement assets?
First of all, the fiscal cliff, or taxmageddon as some are calling it, is a very real threat to your savings, your retirement accounts, your 401Ks, and for those relying on dividends as part of their incomes. The effects of the Budget Control Act of 2011 are set to go into effect after December 31, 2012 and higher taxes will be part of the results if the lame duck Congress fails to reach an agreement prior to the end of the year. Read More