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2021 Limits for IRAs, 401(k)s and More
On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note.401(k)sThe salary deferral...
Read MoreOctober Is Financial Planning Month
When training to become a financial professional, much of our course work centers on the six critical areas of creating a financial strategy. Some recognize October as Financial Planning Month, so it's an excellent opportunity to...
Read MoreWhen the Fed Talks Inflation, Bond Investors Listen
Most recently, you may have read that Federal Reserve Chair Jerome Powell announced a change in how the Fed views inflation. In the past, the Fed said it would consider adjusting short-term rates when inflation approached 2 percent....
Read MoreWhat Are Stock Splits?
Two high-profile companies—Apple and Tesla—have announced stock splits in the past few weeks, which makes it a great time to discuss what’s involved when a company announces a stock split. Remember, any companies...
Read MoreCARES Act Modification Allows More Retirement Savings Access
Americans who have been adversely affected by the COVID-19 pandemic may now be able to access retirement accounts to help cover daily expenses, penalty-free.Now, in addition to those who have lost their jobs during the COVID-19...
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Social Security: Five Facts You Need to Know
Social Security can be complicated and, as a result, many individuals don’t have a full understanding of the choices they may have. Here are five facts about Social Security that are important to keep in mind: 1. Social Security...
Read MoreU.S. Entered Recession. Now What?
The National Bureau of Economic Research (NBER) reported in recent weeks that the U.S. economy officially entered a recession in February 2020. This transition brought a 128-month expansion to an end, the longest in post World War II...
Read MoreMarket behavior and the economy
As states cautiously begin the process of relaxing their COVID-19 restrictions, some are wondering, “Why is the stock market doing so well when the economy is doing so poorly?”It’s a great question, and fortunately,...
Read MorePro tip: apply for Medicare early.
If you’re like most of us, you’ve probably been thinking about your health quite a bit lately — especially if you’re approaching retirement. Trust me, I understand. Anticipating your future medical costs can...
Read MoreManaging Anxiety Thorugh Charitable Giving
How are you holding up? If you’re like many of us, you’re probably feeling some level of anxiety regarding the COVID-19 outbreak. And that’s okay. We’re living in a time when feeling helpless is understandable....
Read MoreKey Provisions of the COVID-19 Stimulus Bill (CARES Act)
The $2 trillion “Coronavirus Aid, Relief, and Economic Security” (“CARES”) Act was recently signed into law. The CARES Act is designed to help those most impacted by the COVID-19 pandemic, while also providing...
Read MoreMarket Update Sent to Clients- 3/24/2020
A TEST OF OUR RESOLVE The world continues its battle to contain the COVID-19 pandemic, which now has likely impacted, either directly or indirectly, nearly every person on Earth. This is far more than just a health crisis—this is...
Read MoreRoad to Recovery Playbook
The global pandemic of COVID-19 has sent world equity markets into bear market territory. The result is a cumulative 30% drop in the S&P 500 Index in just under 30 days. Though daunting, once the market finds a bottom, which is where...
Read MoreMarket Update Sent to Clients- 3/13/2020
Fears over the spread of COVID-19 (coronavirus) have gripped the country and sent stocks in the US and around the world into bear markets. Thursday’s nearly 10% decline in the S&P 500 Index was one of its worst days in history...
Read MoreMarket Update Sent to Clients- 3/11/2020
The tough times that global markets are experiencing due to the spread of COVID-19 (coronavirus) worsened this past weekend as a price war between Saudi Arabia and Russia resulted in sharply declining oil prices. This combination of...
Read MoreThe SECURE Act- What You Need To Know
The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to a massive...
Read MoreThe 6 Most Overlooked Tax Deductions
Who among us wants to pay the IRS more taxes than we have to?1 While few may raise their hands, Americans regularly overpay because they fail to take tax deductions for which they are eligible. Let’s take a quick look at the six...
Read MoreGrappling with the Coronovirus
In your investing lifetime, you may only see a situation like the recent novel coronavirus (COVID-19) a few times. This is a circumstance where complete candor is necessary. The truth is that we can’t yet gauge the full economic...
Read MoreCoronavirus and the Markets
The global equity weakness continued yesterday, with consecutive 3% drops for the S&P 500 Index for the first time since August 2015. As I'm sure you know, this recent weakness has been caused by concerns over the potential negative...
Read MoreYour Retirement Super Bowl- A Strategic Saving Plan is the Key to Victory
Super Bowl LIV, the 54th Super Bowl, will decide the National Football League champion for this current season. The game is scheduled to be played on February 2, 2020, at Hard Rock Stadium in Miami, Florida. Jennifer Lopez and Shakira...
Read More3 Bad Habits Undercutting Your Efforts to Build Wealth
Are you undercutting your efforts to build wealth? Good money habits can help you save and invest for the future. Bad habits can leave you treading water financially. Let's review three bad money habits to avoid. 1. Not saving enough:...
Read MoreIncreased Contribution Limits for 2020
Great news! The IRS just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes: Next year, you can put up to $6,000 in any type of...
Read MoreA Look at Diversification
Ancient Chinese merchants are said to have developed a unique way to manage their risk. They would divide their shipments among several different vessels. That way, if one ship were to sink or be attacked by pirates, the rest stood a...
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