2022 Year in Review and Financial Updates for 2023
2022 Year in Review and Financial Updates for 2023 When 2021 wrapped up, the U.S. economy had grown at its fastest rate since Ronald Reagan was President (1). Entering 2022, we were expecting higher volatility to be driven mainly by the Federal Reserve. Unfortunately, as we progressed through 2022, the story we expected had been […]
Preparing Your Finances for 2023
Preparing Your Finances for 2023 With just over a month remaining in the year, investors should focus not only on goals and plans for next year, but also what opportunities still exist for the end of 2022. Focusing on a few of these financial matters could be a great step in getting you ready for […]
October is National Financial Planning Month
October is National Financial Planning Month Regardless of your stage of life or your financial health, a well-designed financial plan can provide you with a factual, unbiased presentation of your current financial health. A detailed financial plan can be a simple checkup with an actionable recommendation, or it can be a complex assessment detailing cash […]
Pension Payment Plan: Annuity or Lump-Sum?
Pension Payment Plan: Annuity or Lump-Sum? Some employees are fortunate enough to have a defined benefit pension plan offered through their employer. However, they will have to decide between electing to take their benefit as a monthly pension over their lifetime or a lump sum payout upon retirement. There is typically also a joint annuity […]
How to Motivate Your Kids and Grandkids to Save Money
How to Motivate Your Kids and Grandkids to Save Money It can be hard to convince kids to save the cash they receive for their birthdays and holidays. However, saving early can have great long-term rewards! It never hurts to start good saving habits that will become second nature in the future. Here are some […]
Breaking Down the SECURE Act
Breaking Down the SECURE Act The Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect on Jan. 1, 2020, and there have been a lot of questions about what impact the new law will have on employees and their retirement plans.
The SECURE Act’s Impact on IRAs and Roth IRAs
The SECURE Act’s Impact on IRAs and Roth IRAs The passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in 2019 changed several aspects of retirement accounts and plans. The law, which went into effect on Jan. 1, 2020, consists of 29 provisions that deal with several aspects of retirement savings plans and accounts including Required Minimum Distributions (RMDs) and inherited IRAs. This discussion will focus on the […]
2020 Tax Saving Strategies
2020 Tax Savings Strategies With the start of a new year and the 2020 tax season, let’s revisit some tax-saving strategies that can help you save on your taxes this year. Below are some tax tips that will be useful whether you are trying to maximize your refund or minimize what you owe. Contribute to […]
Financial New Year’s Resolutions for 2020
Financial New Year’s Resolutions for 2020 Making New Year’s resolutions is a great way to plan to be better in the new year. Unfortunately, sticking with those resolutions isn’t as easy as setting them. Whatever is on your list for the upcoming year, whether it is to get in shape, spend more time with family […]
Should I Take My Pension as a Lump Sum or an Annuity?
Should I take My Pension as a Lump Sum or an Annuity? You are getting ready to retire, and you have a defined benefit pension that will kick in once you stop working. You may have the option of taking the pension in the form of a one-time lump sum distribution or as lifetime monthly […]
