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 […]
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 […]
