Eric Scott Blog Posts
3 Major Retirement Expenses to Include in Your Budget
General retirement planning advice says that you’ll need about 80% of your pre-retirement income in retirement, but this may not be the case for everyone. Inflation, taxes, and long-term care costs are easily overlooked, and these expenses could be high. When creating...
Three Unexpected Taxes in Retirement
When we think of major retirement expenses, we often consider housing, healthcare, and that trip of a lifetime we’ve been dreaming about for years. But, we often fail to consider what could potentially be our biggest expense – taxes. Many of your sources of income in...
The History and the Future of Money
We’ve come a long way from trading pelts and seashells as currency, and there have been many changes to how we produce and use currency between then and now. The value of currency and inflation affect us all, as we’ve seen recently at the gas pump and the grocery...
Russia Pegs Ruble and Oil to Gold
Russia Has Changed the Way Gold Trades by Setting a New Floor for Gold Ever since the 24th of February when Putin invaded Ukraine, the Russian leader has been engaged in an intense chess match against the other major leaders of the western world. Western leaders,...
3 Major Retirement Expenses to Include in Your Budget
General retirement planning advice says that you’ll need about 80% of your pre-retirement income in retirement, but this may not be the case for everyone. Inflation, taxes, and long-term care costs are easily overlooked – but these expenses could be high. When...
Rising Interest Rates and High Inflation – How Will You Respond?
The Federal Reserve voted to raise interest rates for the first time since 2018 and has several more rate hikes planned for this year.1 Rising interest rates can have significant effects on the economy and your finances. Between a volatile market, high inflation, and...
The Practical Side of Charitable Giving
Charitable giving promotes happiness, draws us closer to others, and strengthens empathy. The act of charitable giving – whether time, physical items or monetary gifts – provides lots of benefits to not only the charity, but also offers intrinsic benefits to the...
Estimating Your Tax Burden in Retirement
Taxes could be one of your biggest expenses in retirement. But once you have an estimate for your tax burden in retirement, you can consider ways to minimize it. The first step towards creating a tax minimization strategy in retirement is looking at how your different...
Why We Could See More Inflation and Market Volatility
As we saw during the COVID-19 pandemic, what happens somewhere halfway around the world can have a major impact on us. Now, the global economy faces new threats as a result of Russia’s invasion of Ukraine, including spiking energy prices, inflation, and a volatile...
3 Birthday Milestones That Could Change Your Tax Situation
When we think of milestone birthdays, we often think of ones that are already behind us – like 18 and 30. But there are plenty of important birthdays ahead of you, especially as you near and enter retirement. Starting at age 50, several birthdays are critical to...
Ensuring Your Lifestyle in Retirement
How do you ensure your lifestyle in retirement, and what do you want that lifestyle to look like? Think about what you really want in retirement from a lifestyle perspective. Do you want to travel? Purchase a second home? Do you want to live closer to your children...
Are Gold and Silver Prices Set to Soar?
Here’s 10 Reasons We Believe They Could… Predicting the future may seem outside the realm of the possible. Short of having a moment of clairvoyance it may be nearly impossible to predict exactly how well gold and other investments will perform in the upcoming...
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