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 […]
Saving Money for Your Kids
Saving Money for Your Kids Saving money for your kids is a crucial step in securing their future financial well-being. It helps to teach them the importance of financial responsibility and can instill positive habits early on. The benefits of saving money for your kids are long-lasting and can set them up for success throughout […]
How to Protect Your PII
How to Protect Your PII Personal Identifiable Information (PII) is any information that can be used to identify an individual, such as their name, address, social security number, or email address. Protecting your PII is essential to maintaining your privacy and preventing identity theft. PII is valuable to identity thieves, who can use it to […]
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 […]
