Rasheed McGavock Agent New York Life

12/15/2023

This article explores student loan grace periods and how they work, including how long they can be and whether or not you should pay student loans during the grace period.

A grace period for student loans is a specific time frame where borrowers can forego their loan payments without incurring any penalties. The rules about your specific grace period depend on several factors, like the type of loan you have, the school you attended and more. How Long Is a Student

12/14/2023

Findings from Morningstar’s “The State of Retirement Income:2023,” suggests that a starting withdrawal rate of four percent from your retirement portfolio can deliver a 90% success rate of not running out of funds over a 30-year period. Here’s why.

Morningstar's annual retirement income study had some “somewhat surprising findings,” Christine Benz said.

12/14/2023

President Biden recently signed a stopgap spending bill to avert a government shutdown. Here’s what you need to know.

U.S. President Joe Biden signed on Thursday a stopgap spending bill to avert a government shutdown, a day after the Senate passed it, the White House said.

12/13/2023

Moody’s recently cut its outlook for the U.S. economy. Learn what this means for the nation’s overall financial strength and how this could affect your personal finances, in this article.

Moody's rating agency downgraded the U.S. economy outlook to "negative." These are the reasons why.

12/12/2023

Changing careers? Here are three steps to help you navigate the transition and find your next gig.

For some, the prospect of doing the same job in the same career for 20 more years is hive-inducing.

12/09/2023

The Federal Reserve is going to shock investors next year by aggressively cutting interest rates amid a slowing economy, according to UBS. Learn how this cut will affect retail spending, the unemployment rate and more, in this article.

"We expect substantially slower growth in 2024, a rising unemployment rate, and meaningful reductions in the federal funds rate," UBS said.

12/08/2023

These 10 financial habits can hurt your retirement savings and cause you to fall short of your retirement goals.

Today’s financial climate is making retirement planning more crucial than ever. As talk of inflation, rising interest rates, and a possible recession hit the news, would-be retirees or retirement planners...

12/07/2023

J.P. Morgan’s David Li shares the importance of financial education and why it’s important to teach children the concepts of delayed gratification, saving, and being thoughtful about sharing with loved ones.

Saving money was a lesson J.P. Morgan’s David Li learned from his parents while growing up in Cambridge, Mass. "I came from very humble beginnings," said Li who immigr...

12/01/2023

When gifting money and assets within your family, consider these several aspects that are crucial for tax purposes and overall financial strategy.

Taxes, methods and relationships all play a part in deciding when and how to give money

11/30/2023

Great news! New York Life just announced that 2024 will be the 170th consecutive year that eligible participating policy owners receive a dividend. Even better, the declared dividend is $2.2 billion! Want to know why that's important? I'll be happy to explain.

We can help you create a temporary, long-term, or permanent life insurance solution that meets your needs and your budget

11/29/2023

What will your family's legacy be? If charitable giving is important to you, consider the benefits of a structured giving vehicle to meet your goals.
http://www.eaglestrategies.com/public_files/Planning_Essentials_-_Charitable_Giving_Family_Endeavor_-_Eagle_-_final.pdf

11/28/2023

Did you know that long-term care insurance typically covers both in-home care, as well as care received at a specialized facility like an adult day care, assisted living facility, nursing home or memory loss unit?

Our Long-term care insurance offers coverage for not only nursing homes, but also at home, community settings, and assisted living facilities. Each option with a different level of care.