Suggests tax changes
ALBUQUERQUE - New Mexico Voices for Children released a policy brief Oct. 11 recommending that lawmakers protect future budgets by diversifying the state’s revenue sources.
The top five reasons are as follows:
1. New Mexico is dependent on the boom-and-bust cycle of the oil and gas industry.
2. A...
Letter to the editor: Not just another day on the calendar: Indigenous Peoples’ Day matters
Editor,Every day is Indigenous Peoples’ Day. Even more so in the “Indian Capital of the World” where the Gallup City Council acknowledged the historical contributions of the First Nations who call “Turtle Island” home and met the challenge of celebrating the correct history of this misguided federal holiday.
On September 27, 2016, the Gallup City Council passed Resolution/Proclamation R2016–40, declaring the second Monday of October as “Indigenous Peoples’ Day” into perpetuity. On October 17, 2017 the McKinley County Commission also approved Resolution/Proclamation No. OCT‑17–085 designating the Second Monday in October of each year as “Indigenous...
Explaining how ‘sequencing risk’ relates to timing
‘Layin’ it on the line’What is the “sequence of returns” risk, and how can it negatively impact your retirement savings?
The “sequence of returns risk” or “sequencing risk” refers to the possibility that the timing and order in which you take investment returns may not be favorable. Bad timing results in your portfolio having less overall value, meaning you’ll have less money for your retirement. You should understand that if you aren’t investing regularly or withdrawing regularly, the order in which your returns occur has little to no effect on your outcome. However, once you start drawing down that money, you will experience the consequences of the sequence...
Biden administration should fix problems with oil, gas leasing before next sale
Here in New Mexico, we have lived through many boom-and-bust cycles of the oil and gas industry. But recent years have shown just how much we need to break this cycle – particularly as we plan for the transition from oil and gas to clean energy – by tipping the scales away from the oil and gas corporations and back towards New Mexicans who have shouldered the consequences. That’s especially true for our state’s children, whose school funding is too dependent on the vagaries of international oil and gas markets. Thankfully, this could all be changed, but it will require a commitment from the Biden Administration to fixing the federal government’s out-of-date oil and gas leasing...Longevity secret: Living a long time
“Layin’ it on the line”“The secret is simple: The longer you live, the longer you live!”
What happens if you live longer than you expect? How do you make sure your funds last as long as you do?
Do you invest in stocks? Bonds? Keep your money in the bank? Increased life expectancy is extending the time needed for our retirement funding — making sure our money lasts as long as we do.
It has become the new mantra of the Baby Boom generation.
Many financial planners are turning toward products that remove the risk of the longevity problem, allowing an insurance company to bear the longevity risk. Annuity companies issue and manage annuity products.
Many types of...
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