Topics: Financial Planning, Goals, Planning, Retirement, Retirement Income, Certified Financial Planner, CFP
Some things you might consider before saying goodbye to 2021.
Preparing for retirement just got a little more financial wiggle room. In November, the Internal Revenue Service (IRS) announced new contribution limits for 2022.
Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The catch-up contribution for traditional IRAs remains $1,000 as well.1
For workplace retirement accounts (i.e. 401(k), 403(b), amongst others), the contribution limit rises $1,000 to $20,500. Catch-up contributions remain at $6,500.1
Eligibility for Roth IRA contributions has increased, as well. These have bumped up to $129,000 to $144,000 for single filers and heads of households, and $204,000 to $214,000 for those filing jointly as married couples.1
Another increase was for SIMPLE IRA Plans (SIMPLE is an acronym for Savings Incentive Match Plan for Employees), which increases from $13,500 to $14,000.1
If these increases apply to your retirement strategy, a financial professional may be able to help make some adjustments to your contributions.
Topics: Uncategorized, Financial Planning, Investing, Planning, Retirement
End-of-the-Year Money Moves 2021
Some things you might consider before saying goodbye to 2021
What has changed for you in 2021? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. If notable changes occurred in your personal or professional life, then you may want to review your finances before this year ends and 2022 begins. Proving that you have all the right moves in 2021 might put you in a better position to tango with 2022.
Topics: Uncategorized, Financial Planning, Investing, Planning, Retirement
Topics: Financial Planning, Investments, market volatility, Planning, Stock Market
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Topics: Financial Planning, Investments, Planning, saving and investing
Topics: Financial Planning, Investments, Planning, saving and investing
What is Social Media saying about the companies we're watching now?
Social Media - Whether you hate it or use it daily - it can tell us a lot about the companies we are watching now.
Topics: Financial Planning, Investments, Planning, saving and investing
Critical Topics
Financial & Economic Items We're Tracking Now!
Of course, no single investor ever knows with absolute certainty where markets and the economy are heading, but learning how to analyze various information points is critical to long-term success as an investor. In this week’s flash briefing we will dive into the top four items we are tracking in an effort to further provide clarity to where markets and the economy may be heading.
Topics: Financial Planning, Investments, Planning, saving and investing
3 Lessons Learned from a Crazy Year!
As I was watching fireworks over the weekend, I got to thinking about how much we have already experienced so far in 2020. The list of events is truly incredibly to review, in part because many of these events would have been massive in any random year and I had almost forgot that some of these things had even happened (here is a complete list of the items that occurred through just April!):
Topics: Financial Planning, Investments, long term objectives, Planning, Retirement, saving and investing, Lessons Learned
How to Navigate your Employer Sponsored Retirement plan
"My employer provides a Retirement Plan (401(k), 403(b), 457, SIMPLE IRA, etc.), but I don't understand it at all!"
Topics: 401k, 403(b), Financial Planning, Investments, long term objectives, Planning, Retirement, Roth 401k vs 401k, saving and investing