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Friday, Apr 18th

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Strategies for maximizing FDIC protection

The news of the closure of three banks in 2023 sent shockwaves across the financial world. As customers of these banks scramble to secure their savings and investments, it is helpful to remember the role of the Federal Deposit Insurance Corporation in protecting deposits up to...

New Mexico delegation welcomes over $9.3 million for schools, roads

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WASHINGTON D.C. — U.S. Sens. Martin Heinrich, D-N.M., and Ben Ray Luján, D-N.M., and U.S. Reps. Teresa Leger Fernández, D-N.M., Melanie Stansbury, D-N.M., and Gabe Vasquez, D-N.M.,  are welcoming over $9.3 million to invest in New Mexico’s public schools, roads, wildfire mitigation, and county services. The funds will be allocated from the U.S. Department of Agriculture’s Secure Rural Schools program, reauthorized through the Infrastructure Law, which New Mexico Democrats passed into law.

McKinley County is set to receive almost $300,000 of that $9 million.

“From schools to roads and emergency services, our Infrastructure Law continues to deliver for rural communities in...

Financial advice

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What is a self-directed IRA?

“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’

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ALBUQUERQUE — During the week of April 1, U.S. Senator Martin Heinrich, D-N.M., a member of the Senate Energy and Natural Resources Committee and the Co-Founder and Co-Chair of the Electrification Caucus, 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.

“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

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This Tax Day we all have much to be thankful for as we consider the bounty of public goods and services that are made possible with our tax dollars. These include a school system that offers a free education to every child, the roads and other transportation infrastructure that make it possible for us to move about our cities and state, the first responders who keep our communities safe, no- or low-cost health care coverage for a majority of New Mexicans, our plentiful parks, libraries, museums, and so much more.

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...

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