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Posts by Nye Financial Group

Permanent Life Insurance Policies

Most people think of life insurance as a way to protect loved ones with a lump-sum benefit in the event of the policy owner’s death. That is life insurance’s primary purpose; however, a permanent life insurance policy can offer much more. Consider the following features and benefits: Tax-free death benefit proceeds paid to beneficiaries Tax-deferred…

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The New Tax Law: Things to Consider

Who will be affected by the new tax legislation that went into effect Jan. 1? That is a question many are asking. While “everyone” is likely to see some changes, here’s an idea of how many people fell into each income group. In 2015:1 About 1.4 million Americans accounted for the top 1% of income…

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Balancing Investor Euphoria With Market Reality

Many social media users share nearly all aspects of their lives, from photos of cute kids and pets to their political views. And now, we even are seeing posts from exuberant investors bragging about their investment returns. For example, consider this social media post:1 “I strived to become a 401(k) millionaire someday, and this week,…

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Multidisciplinary Pain Management Approach

Opiate-based drugs continue to be the pain management treatment of choice after surgery, which is how so many people become addicted. Experts report that more than 80 percent of opioid addictions begin as a painkiller prescription.1 One of the solutions to avoiding addiction may be to take a multi-disciplinary approach to managing pain. Instead of…

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Mitigating Risk Goes Beyond Asset Allocations

What do Harvey Weinstein, “America First” policies and asset allocation have in common? Quite a bit, it turns out, when it comes to evaluating the various risk factors that can affect an investment or portfolio. Anyone who’s ever taken a hot minute to observe the market or talk shop about the economy must realize any…

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Financial Strategies in 2018

One philosophy of investing, as opined by Warren Buffett, is to be “fearful when others are greedy and greedy when others are fearful.”1 The nation’s eight-year bull market, however, has tested that philosophy. Most market analysts would agree that it was more important to be in the market and taking advantage of gains than to be…

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A Look at the Potential Effects of Tax Reform

The tax overhaul legislation that was passed in December has been billed as a means to streamline tax filings at both the individual and corporate level.1 We certainly could use it. According to the IRS, Americans spend a total of 6.6 billion hours a year filling out tax forms.2 While simplifying taxes is a good thing,…

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Amtrak Discounts for Seniors

For travelers 65 and older, Amtrak offers a 10 percent discount on the lowest available fare for most rail routes. If you’re looking to travel by train over the border to Canada, the senior discount is 10 percent for travelers age 60 and over, courtesy of a joint agreement between Amtrak and VIA Rail Canada.…

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Innovation Around the World

Digital music service Spotify and the popular electronic games Minecraft and Candy Crush Saga all originated in Sweden. The country is home to some of the world’s largest technology companies and is second only to Silicon Valley for tech giants.1 Sweden provides free health care, free higher education and outstanding infrastructure with the third-fastest internet…

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