As retirement nears, many individuals would like to save more into tax-deferred accounts to meet their financial goals. Fortunately, the Super Catch-Up 401(k) contribution—an enhanced retirement savings feature—offers a unique opportunity to boost your nest egg significantly in the final years of your career. Here’s an overview of what you
As we enter 2025, it is prudent to update funding amounts for various account types to reflect new contribution limits. Below we will overview annual limits for notable financial planning items. Retirement Accounts Account Type Limit
During a market downturn it is our natural tendency to want to make changes to our investment strategy despite a plethora of research that points to the optimal course of action being no action at
In 2024, the Roth IRA contribution limit is $7,000. For those over the age of 50, there is an additional $1,000 catch-up contribution allowed bringing the total to $8,000. The incredible tax benefit of a
For most investors, the 529 account is the most used account type to save and invest for a child’s education. This type of account provides for tax-deferral on the growth of the investments and if
Estate planning is a crucial aspect of financial planning for individuals of all ages and income levels. Having the right estate planning documents in place ensures that your assets are distributed according to your wishes,
Create an Online Social Security Account at SSA.gov This step becomes more important as you approach age 62 (the earliest age you can claim social security) and is critical if you are over that age.
All of our clients have heard this talk and many of them have heard it several times. This chart is from the JP Morgan Guide to the Markets and we’re going to pull two lessons
This is a little sample from the Finance 101 meetings that we do with our client’s children. Young adults need to learn about money and investing – this story is about the time value of
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