We have had a number of clients come to us receently to discuss how to talk with their kids about money, saving, and investing. We are huge fans of talking with kids about money early and teaching them how you look at money, saving, and investing. For many parents, the
We all remember the 2008 financial crisis and recession, as millions of people lost their jobs, homes, and ways of life. While a lot of factors contributed to this economic disaster, one term can cover nearly all of them: systemic risk. Let’s look at what systemic risk is and how
You may remember that in late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which brought a wide array of changes to retirement planning and savings. On December 23, 2022, Congress passed another retirement bill, known as SECURE Act 2.0, which expands upon the 2019
The First Friendly Quarter to Investors in 2022 DOWNLOAD THE PDF For the first time in 2022 all markets were positive. You’ll notice that ALL Equity, Real Estate Markets, AND Bonds were up. Granted all 1 yr data points are negative, this is a positive step towards regaining losses. The
For the first time in a long time, people are talking about US Treasuries as an investment option. This is largely due to the turmoil in the equity markets and the historic rise of interest rates in 2o22. But why would you want to invest in Treasuries? When it comes
Most business owners have a CPA and/or bookkeeper, but do they have a Financial Planning Expert? Meaning, is someone analyzing the financials for efficiencies or inefficiencies, performing trend analysis, or looking for savings opportunities? Traditionally, there is very little planning that goes into most services offered by your typical CPA.
If you are a business owner and have children, you might not be taking advantage of a simple strategy that can save you taxes, while also getting a jump start on your kid’s retirement savings. Through your company, you can hire your child as an employee and pay them
The Internal Revenue Service has released new limits for the coming year for retirement accounts. Due to high inflation we are seeing some of the highest increases ever to allow you to contribute to your 401(k), IRA, Roth IRA and other retirement accounts. Individual Retirement Accounts (IRAs) IRA contribution limits
A Roth conversion is a process in which an individual converts funds from a traditional individual retirement account (IRA) or 401(k) plan into a Roth IRA. This type of conversion can be a powerful tool for retirement savings, as it allows individuals to pay taxes on their contributions up front
The Third Quarter Was not Friendly to Investors For the second quarter in a row, all markets were down. You’ll notice that ALL Equity, Real Estate Markets, AND Bonds were down, again. This is the second quarter in a row that the Quarter, YTD, and 1-year returns for ALL markets