Search
Archives
Categories
Recent Posts
Important IRS Update: Significant Interest Penalty Increase for Tax Underpayments
The Internal Revenue Service (IRS) has recently announced a critical change that could significantly impact taxpayers who underpay their taxes. This update is particularly relevant as we approach the next tax filing season. Previously, the IRS charged a 3% interest penalty on estimated tax underpayments. However, this rate has now been increased to a substantial
Read More
Will Inflation Hurt Stock Returns? Not Necessarily
Investors may wonder whether stock returns will suffer if inflation keeps rising. Here’s some good news: Inflation isn’t necessarily bad news for stocks. A look at equity performance in the past three decades does not show any reliable connection between periods of high (or low) inflation and US stock returns. Since 1993, one-year returns on
Read More
Maximize Your Charitable Impact with These Four Strategies
As the year draws to a close, it’s a perfect opportunity to rethink how you give to charity. This is important for managing how much tax you pay and how much help reaches those in need. Here are four effective strategies: Need Guidance? Reach Out to Us! These strategies are just a starting point. There
Read More
Do You Need a Financial Plan Before a Retirement Strategy?
Most people nearing retirement have thought about when they’ll exit the workforce for years. Perhaps the age at which you’ll leave has changed or maybe you’ve decided to continue working part-time. Even if you’re younger and have just started contributing under a company match policy, you might wonder about the recommended next steps.
The truth is that a financial plan and a retirement plan work together. While your retirement plan is about getting you to a specific point at which you no longer want or need to work, it’s also a component of your broader financial plan.
Investing money for retirement is a daunting process for so many, who may be concerned about making their retirement savings last for years after they leave the workforce. Furthermore, the unknowns of possible healthcare costs can raise many questions around retirement age, too. Given that one in four Americans will develop a disability during their lifetime that may render them unable to work, you or your spouse may also miss out on full retirement savings or have to exit the workplace even sooner than you expected.
Checking in on your retirement savings progress can be done during regular meetings with your financial professional. Our team is highly experienced at helping you see how retirement and investing, among other aspects, all fit together as part of your financial plan. We know it can be hard to pull together all the answers to your projected future now, but the good news is that you don’t have to etch everything in stone. With the right financial professionals helping you, your plan becomes an adaptable and usable one that you can return to over time and adjust as needed.
If you have a retirement plan but no overall financial picture, meet with our team to discuss your options.