RMD Discussion
RMD Discussion SECURE Act 2.0 and Required Minimum Distributions On December 29th, 2022, the Setting Every Community Up for Retirement (SECURE) Act 2.0 was signed into law by Congress. Its 92 new provisions were put in place to help strengthen the retirement system and provide increased opportunities for saving for retirement. Among the provisions adopted […]
What to Do After Losing a Spouse
What to Do After Losing a Spouse Losing a spouse is a difficult and emotional time – dealing with financial and estate matters may be the last thing on your mind. However, it is important to take care of these important tasks as soon as you are able, to help ensure that your financial future […]
How Often Should You Update Your Will?
How Often Should You Update Your Will? A will, also known as a last will and testament, is a legal document that outlines your wishes regarding the distribution of your assets and the guardianship of your dependents after your passing. It serves as a crucial tool for ensuring that your final wishes are honored, and […]
Can I Contribute to a 401(k) and an IRA?
Can I Contribute to a 401(k) and an IRA? When it comes to retirement savings, many individuals wonder if they can have both a 401(k) and an Individual Retirement Account (IRA). The good news is that, in most cases, you can have both types of accounts simultaneously. A 401(k) is an employer-sponsored retirement plan, while […]
What is a Backdoor Roth IRA? Everything You Need to Know
What is a Backdoor Roth IRA? Everything You Need to Know Saving for retirement is a crucial aspect of financial planning, but navigating the complexities of retirement accounts can be overwhelming, especially when income limits come into play. Fortunately, there’s a lesser-known strategy that can provide a loophole for high-income earners to contribute to a […]
How to Teach Kids About Money
How to Teach Kids About Money Teaching kids about money is crucial to equip them with the knowledge and skills to manage their finances effectively. It also helps them develop healthy financial habits and make informed decisions about their money in the future. Children who learn about money at an early age are more likely […]
The Importance of Financial Planning
The Importance of Financial Planning How good are you at budgeting? We have some clients who can tell us, down to the penny, how much they spend each month, while we have others who would rather look at expenses from thirty-thousand feet and “ballpark” their estimated spending. Depending on how much time you enjoy examining […]
Preparing Your 2022 Taxes
Preparing Your 2022 Taxes It’s tax time again, and with so many recent changes to the tax code and the added complexity of the pandemic, it’s more important than ever to get organized and take advantage of the deductions and credits available to you. Here are some tips to help you prepare your 2022 taxes.
A Look Back at Market Behavior in 2022
A Look Back at Market Behavior in 2022 2022 was an interesting year when looking at overall market performance and portfolio construction. Let’s take a look at what the root causes were and what we can see for 2023. Though we are aware of equity drawdowns and have experienced them before, the combination of equity […]
The SECURE 2.0 Act: What to Know
The Secure 2.0 Act: What to Know The new SECURE Act could provide more opportunities for retirement savings and income to millions of Americans. The legislation makes it easier for Americans with retirement accounts to save for their future by broadening access to the retirement savings system. The biggest change for most people will be […]
