![Rep. Melanie Stansbury](/images/resized/images/news/2024/474_may03/6_200_200.jpg)
Viewpoints
New Mexico delegation welcomes over $9.3 million for schools, roads
![Rep. Melanie Stansbury](/images/resized/images/news/2024/474_may03/6_200_200.jpg)
Financial advice
![Al Martinez](/images/resized/images/news/2024/473_apr26/8_100_100.jpg)
“Stay committed to your decisions, but flexible in your approach.”– Tony Robbins
One of the most significant pieces of financial legislation enacted in the last 50 years was The Employee Retirement Income Security Act of 1974.
ERISA directly responded to the realization that most Americans did not have enough saved for retirement. ERISA provided the incentive of deferred taxation, allowing Americans to grow their savings more quickly using what came to be known as Individual Retirement Accounts.
A specific provision in ERISA required that a custodian must hold an IRA to provide more tax accountability and oversight.
The problem with using the...
Heinrich addresses first-ever ‘Electricfy New Mexico Event’
![During the week of April 1, U.S. Senator Martin Heinrich, D-N.M., provided a video keynote speech to the first ever Business to Business Electrify New Mexico event hosted by Renewable Energy Industries Association of New Mexico. Photo Credit: Courtesy of Martin Heinrich](/images/resized/images/news/2024/472_apr19/1_100_100.jpg)
“Very soon, most of us will power our cars, heat our water, and heat and cool our homes with clean electrons rather than hydrocarbon molecules,” Heinrich said. “This will not only help us meet the moment and achieve our climate goals. It will help working families in our state lower their costs and live in healthier...
By Paige Knight, MPP Deputy Policy Director for New Mexico Voices for Children
![Paige Knight, MPP Deputy Policy Director for New Mexico Voices for Children](/images/resized/images/news/2024/472_apr19/2_100_100.jpg)
This year, we have even more to be thankful for. That’s because in the last few years our state has made the most improvement in the nation in making our tax system more...
Financial advice: Understanding the appeal of fixed, fixed indexed annuities in retirement planning
![Al Martinez](/images/resized/images/news/2024/471_apr12/1_100_100.jpg)
Annuities often come into the conversation when considering retirement planning and investment options. While it’s true that annuities have their drawbacks, many of these cons can be effectively managed or countered, making them a viable option for certain investors. It’s essential to understand the distinctions between different types of annuities, such as fixed and fixed indexed annuities, which are fundamentally different from other high-risk investment options and are more suited to conservative investors, particularly those of retirement age.
Fixed annuities offer a guaranteed return over the contract term, providing a stable and predictable income stream...
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