While inflation numbers have started to ebb compared to the last two years, the Social Security Administration acknowledged rising prices with increases in both benefit- and earnings-related programs.
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The IRS adjusted the 2025 contribution limits for some retirement accounts, and next year will be the first implementation of a new provision for earners age 60 through 63.
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For taxpayers impacted by recent storms across the Southeastern United States, the IRS has extended key deadlines for filing and paying 2024 taxes and provides guidance for relief.
Although the IRS has waived 2024 required minimum distributions for non-spousal IRAs inherited after 2020, heirs must take mandatory distributions starting in 2025.
The market is on a notable upswing, with the MAG 7 stocks (TSLA, AAPL, AMZN, GOOG, MSFT, META, NVDA) leading. The ETF that focuses on these top stocks has seen an impressive 23.77% increase this year and a remarkable 34.52% increase over the past 12 months. In contrast, the equal-weighted S&P (RSP) has experienced a modest 5.10% increase this year and a 10.49% increase over the past 12 months.
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Last year saw equity markets climb a wall of worry as most major equity indexes saw double-digit growth despite the majority of pundits calling for a recession during the year. Our models started getting bullish in October 2022 and remained that way for much of 2023. After the robust rally we saw in the fourth quarter, our sentiment models indicate that market participants may be overly optimistic.
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The IRS announced the 2024 contribution limits for retirement accounts. While they are not rising by as much as they did last year, they are still increasing.
How your real estate in Florida is handled at your passing depends on the type of plan you put in place beforehand.
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Interest rates are rising, and decreasing liquidity in the markets continues to put pressure on the economy. However, the recent market pullback and low current investor equity exposure are presenting the opportunity for a rally in the fourth quarter.
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The government has again changed the required minimum distribution (RMD) age for those with retirement accounts, as well as offered new guidance for RMD-subjected IRAs inherited after 2020.
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Reverse mortgages, like any financial product, have their place, but it’s important to understand exactly how they work before committing to one.
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After a brief pause, the Fed raised rates by another 25 bps in its latest policy announcement. The current level of Fed funds (5.25%-5.50%) has not been seen in 20+ years. The economic impact is yet to be felt fully, but we are already seeing signs that liquidity is shifting from being a tailwind to a headwind.
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With foresight and planning, you can leave a legacy that transcends time and sets future generations on a path of financial wellness and success.
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529 programs and other college savings strategies can be great ways to fund college, but not everyone has the opportunity to start saving early. Here are seven alternatives students can pursue to finance their higher education.
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The Fed raised rates by another 25 bps in their policy announcement last week, which the market mostly took in stride as the increase was expected. (Yes, that is the same opening sentence from our last Market Update written in March.) Growth stocks outperforming Value stocks has been a major theme year-to-date.
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The Financial Independence and Retire Early movement, better known as FIRE, is not for everyone. But there are useful lessons to be learned from the people who strategize for early retirement.
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Your monthly statements for your accounts with us and elsewhere are full of good information, but there are some data points you’ll want to review for accuracy on a regular basis.
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The Fed raised rates by another 25 bps in their policy announcement last week, which the market mostly took in stride as the increase was expected. Interestingly enough, the market has been essentially flat since the news broke of the Silicon Valley Bank troubles and was positive last week, even with the Fed’s announcement and Treasury Secretary Yellen’s comments on backing all bank deposits with the FDIC program.
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Anecdotes and news stories about fraud, identity theft, and scams seem to increase each year despite preventative efforts. Nonetheless, there are a variety of things you can do to protect yourself.
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After one of the worst years on record for both equity and fixed-income markets, 2023 is off to a good start with most equity and fixed-income indexes positive for the year so far.
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