Alaska’s salmon season so far has been characterized by ups and downs, and it will be a stretch for the total catch to make the forecasted 221 million fish.
“It just depends on how these late-returning pink salmon at Prince William Sound perform, and whether or not pinks pick up at Southeast. It’s possible, but we would still have to harvest around 30 million more salmon,” mused Forrest Bowers, Deputy Director of the state’s Commercial Fisheries Division.
One of the biggest fish stories of the season, of course, was the surprising double runs of sockeye salmon (reds) to Bristol Bay. As soon as a slow-going first run petered out and the fishery was declared a bust, a surge of late reds caught everyone by surprise and pushed the catch to nearly 36 million fish.
You might not think much about inflation. After all, it’s been quite low for the past several years. Still, you may want to take it into account when you’re planning your retirement income strategy.
Of course, no one can really predict the future course of inflation. But it’s a pretty safe bet it won’t disappear altogether — and even a mild inflation rate, over time, can strongly erode your purchasing power. Consider this: If you were to purchase an item today for $100, that same item, in 25 years, would cost you $209 — assuming an annual inflation rate of 3 percent. That’s a pretty big difference.
During your working years, you can hope that your income will at least rise enough to match inflation. But what about when you retire? How can you minimize the impact of inflation on your retirement income?
August is “What Will Be Your Legacy” Month. If you knew this, you have an unusual knowledge of obscure celebrations. But even if you weren’t aware of this “month,” you can see that the idea behind it — the importance of leaving a legacy — is an important one. What should you do to help ensure you’ll leave the type of legacy you desire?
You don’t have to be a CEO or multimillionaire to benefit from a trust. In fact, many people gain advantages from establishing one – so it may be useful to learn something about this common estate-planning tool.
Why would you want a trust? For one thing, if you have highly specific wishes on how and when you want your estate to be distributed among your heirs, then a trust could be appropriate. Also, you might be interested in setting up a trust if you’d like to avoid the sometimes time-consuming, usually expensive and always public process of probate. Some types of trusts may also help protect your estate from lawsuits and creditors. Currently, only a small percentage of Americans will be subject to estate taxes, but estate tax laws are often in flux, so things may be different in the future – and a properly designed trust could help minimize these taxes.
by Edward Jones Matthew North Financial Advisor What’s your most valuable asset? While you are still working, this asset may actually be your future income — so you need to protect it. And you can do so by maintaining adequate life insurance, which can help provide your family with the financial resources necessary to meet […]
The world’s biggest sockeye salmon run at Bristol Bay went from “bust” to “unbelievable” in one week.
Landings last week broke records every day for five days for that time frame, bringing the total sockeye catch to nearly 28 million fish on an unusually long-tailed run — and the reds were still coming on strong.
That had overloaded processors scurrying to replace workers they’d sent home the previous week when the big forecasted run was deemed a no-show. The late surge of sockeyes also left many fishermen frustrated with limits to their catches, while tenders were trekking the abundance of reds to other regions for processing. It remains to be seen how long the run will last, and if it will produce the 38 million projected catch.
Contributing to an IRA can help you build some of the resources you will need to enjoy a comfortable retirement. But what happens to your IRA if you don’t use it up in your lifetime?
You can still put the IRA’s assets to good use — as long as you’ve made the right moves and communicated your wishes clearly to your family.
When you opened your IRA, you should have named a beneficiary — someone who will receive the IRA assets when you pass away. You could also name a contingent beneficiary if the first beneficiary dies before you. These beneficiary designations are important because they can supersede the instructions left in your will.
If you name your spouse as beneficiary of your IRA, he or she has options unavailable to other beneficiaries. Here are two possibilities:
It’s that time of year when many of us hit the road for a summer vacation. If you are fortunate, you will be joining them — after all, “all work and no play” is a difficult way to live. But while you may not think it beneficial to work all the time, the same can’t be said of your investments and your investment strategy — because, ideally, they should never stop laboring on your behalf.
How can you avoid “taking a vacation” as an investor? Here are a few ideas:
What’s your most valuable asset? While you are still working, this asset may actually be your future income, so you need to protect it. And you can do so by maintaining adequate life insurance, which can help provide your family with the financial resources necessary to meet critical expenses — such as mortgage payments, college tuition and so on — should you pass away prematurely.
But what type of insurance should you purchase? There’s no one “right” answer for everyone, but by knowing some of the basics of different polices and how they relate to your specific needs, you can make an informed decision.
Father’s Day is almost here. If you’re a father, especially one with young children, get ready to add to your collection of homemade cards, ties, golf tees or other such gifts designed to please you. Your greatest gift, of course, is your children — and you would doubtlessly get great satisfaction from knowing that you’ve provided them with financial resources that can benefit their lives in many ways. So, why not use this Father’s Day as a starting point for investing in your children’s futures?
Here are a few methods for doing just that: