Did you know that unused 529 plan funds can now fuel your retirement? Thanks to a new law, you can roll over up to $35,000!
Intrinsic Value vs. Market Value – What Do They Mean?
Financial concepts and investment strategies can be complex. Many find reviewing their portfolios and understanding the figures presented a challenge. The numbers may not always be what they seem, especially without a clear understanding of how to interpret financial statements. As a firm dedicated to educating our clients, we strive to provide the tools and knowledge necessary to understand your financial picture …
5 Retirement Myths You Shouldn’t Believe
Imagine a future where your days are not dictated by the alarm clock but by your desires to explore, unwind, and create lasting memories with loved ones. It’s a dream many chase, but often get sidetracked by misconceptions about retirement planning. For a fulfilling retirement, it’s smart to start planning early. Be aware, though, there are many retirement myths that …
5 Ways You Can Empower Your Financial Decision Making
Ever wonder if you’re really getting the best care out of your investment firm or financial advisor? You’re not alone. It’s easy to feel overwhelmed by future uncertainties and constant economic changes. It’s simple to determine whether you are just another account number or getting the care you deserve. So, what should you look for to ensure you’re on the …
How 4 Generations Think Differently About Retirement
The COVID-19 pandemic upended Americans’ lives. In many cases, the pause on society affected retirement finances and plans. An October 2022 survey report from Transamerica Center for Retirement Studies and Transamerica Institute, “Emerging From the COVID-19 Pandemic: Four Generations Prepare for Retirement,” examined the pandemic’s impact on Baby Boomers, Generation X, Millennials, and Generation Z. The study focused on the …
Andy Friedmand Says SECURE 2.0 Should Pass After Midterms
Very few bills are likely to move in the lame duck session that historically grips Congress after mid-terms, but Washington insider Andy Friedman believes SECURE 2.0 (Securing a Strong Retirement Act of 2022) has an excellent shot. “Right now, the Senate and House have each passed [their version of the] bills with only minor differences that are easily worked out. …
What Is an Independent Financial Advisor?
An independent advisor is not tied to any specific family of funds or investment products. Many independent financial advisory firms are owned by the people who sit at the desks inside.What’s Discussed What makes a financial advisor “independent?” How are independent financial advisors different? Are independent financial advisors unbiased? Does it matter if your advisor is independent? What are the …
Annuity Essentials
In its most basic form, annuities are insurance that provides an income stream either for a fixed period of time or for the rest of your life. Sounds pretty straightforward, right? The trouble is that annuities are often sold and not bought. Consumers are pushed into ill-fitting products because that’s what the broker is selling that month. When shopping for …
Gift Tax Limits: How Much Can You Gift?
For 2021, the annual gift tax exemption was $15,000 per recipient. In 2022, that number went up to $16,000. You can give up to $16,000 to as many people as you want during the coming year without any of it being subject to a gift tax. The IRS imposes the gift tax if you transfer money or property to another person without receiving at …
5 Tips for a Financially Strong 2022
The start of a new year is a great time for introspection and evaluating the areas of your life you want to improve. When setting New Year’s resolutions, individuals often think about their career or physical health, but financial wellness is just as important. It’s no surprise then that January is Financial Wellness Month. Financial wellness is a personal journey …
