How Will SECURE Act 2.0 Affect Me?

With the holidays in full swing, many missed the headline that SECURE Act 2.0 was passed by Congress on December 23, 2022 as a part of the Consolidated Appropriations Act of 2023. President Biden signed the Act into law on December 29, 2022, as a part of the government’s year-end spending bill. SECURE stands for […]

Protecting Yourself from Financial Scams

Cyber Security

Criminals are getting smarter and their scams are more creative! Due to Covid, so much more of our daily lives are on the web, including emailing, social networking, online banking, and even home purchases. Criminals have been taking advantage of this and cybercrimes targeting unsuspecting victims have increased.  Here are a few tips to help […]

2023 Social Security Benefits From Inflation

Social Security

In 2022, we experienced the highest inflation in four decades. While the sky high inflation has caused pain at the pump, and misery at the market, there is one silver lining on the horizon. The Social Security cost-of-living adjustment (COLA) will be 8.7% in 2023! This year’s increase tops the 5.9% boost in benefits we […]

Year-End Tax Considerations

The holidays are here! For mutual fund holders, that means it is time to fill your investment stockings with taxable dividends and capital gains! That’s because at year-end, many publicly traded companies pay out excess earnings to their shareholders in the form of dividends. For mutual funds companies, often these dividends are aggregated throughout the […]

Gifting Strategies to Save Taxes

Gifting Strategy

Charitable gifting can be a great way to support non-profit organizations that you care about and save taxes at the same time. Tax qualified deductions may also be useful to reduce the tax liability related to high income, realized capital gains, or an income triggering event such as a Roth conversion. In order to gift […]

2022 Q3 Market Recap

Stock market

It’s hard to believe that we’re three quarters of the way through 2022 already! However, if you diligently watched the stock market last month, you may instead feel this has been a very slow and painful year. The 2022 market has not been for the faint of heart! We had a brief mid-June to mid-August […]

Rocky Road Ahead

In January 2022, Fed Chairman, Jerome Powell, acknowledged that the Federal Open Market Committee (FOMC) was behind in addressing inflation. Therefore, they set a plan to tackle inflation by raising interest rates eight quarter-points or 2.0% in the year 2022. By July of this year, the Fed had exceeded its original target, raising interest rates […]

Is the Recession Officially Here?

This week, the U.S. Federal Reserve Board increased interest rates for the fourth time this year with another three-quarter point, or 75 Basis Points (BPS). This is the fastest pace at which the Fed has raised interest rates in decades. This week’s action by the Federal Open Market Committee (FOMC) brings the Federal Funds target […]

Using Volatility to Your Benefit

Using Volatility to Your Benefit

The stock market is not for the faint of heart! However, those who have been through the Dot-Com bubble burst, the Great Recession, and the COVID blip know that this too shall pass. Now that we’ve acknowledged our emotional right-brain, your left-brain might be asking for some logical analysis of conditions. Volatility presents some opportunities […]

Mid-Year Review

Mid-Year Review

June was a tough month for the stock market! The U.S. Federal Reserve Board surprised many with a three quarter point interest rate increase – the largest increase since 1994.[i] The Fed’s move shocked investors and economists alike, sending the unprepared stock market down into official bear market territory, or a decline of 20% from […]