BeamaLife Blog

CBO Director Peter Orszag testified before the House of Representatives that Americans have lost $2 trillion in their 401k’s in the last 15 months. Only two weeks after Orszag’s testimony, Congressman George Miller announced that 401k losses had doubled to $4 trillion in just two weeks. That is forty percent of the value of 401k’s [...]

You may have heard a lot about compound interest, but this is probably the first time you are reading about compounding your taxes.  When you reinvest your interest or return in the same investment vehicle; you are now eligible to get interest or return on the additional money.  In this manner, your interest is compounding [...]