Financial Planning
There are very few ways in which you can earn something and not have to pay any taxes. And for many investors, earning interest on savings is important, but understanding how much you get to keep is important. This is where tax free municipal bonds can play an important role in a comprehensive wealth management
When most people think about investing, they focus on retirement accounts and portfolio performance. While those are important, wealthy families often begin with a different question: “Where do we want our family to be 10, 20, or even 30 years from now?” That perspective shifts investing from simply growing assets to creating opportunities, supporting future
If your employer offers a 401(k) match, you have one of the easiest ways to grow your retirement savings. It is essentially free money. Many companies match a portion of your contributions, often dollar-for-dollar up to a certain percentage of your salary. Every dollar you contribute is immediately amplified, helping your savings grow faster than
When it comes to building financial security, knowing where to start can feel overwhelming. Should you pay off debt first? Save for emergencies? Invest for retirement? Here’s a simple roadmap to help you prioritize your savings and make confident financial decisions. 1. Start with an Emergency Reserve Before focusing on investing or aggressively paying down
Managing your finances effectively starts with understanding two key components: income and expenses. Once you grasp these, you can create and maintain a realistic budget that supports your financial goals. Understanding Income Your income is the money you earn or receive regularly. This includes: Primary income: Salary, wages, or business profits. Secondary income: Bonuses, freelance
Key things you really need to know. Beneficiary IRA distributions have changed dramatically since Secure Act 2.0. In the past you could inherit an IRA from someone other than your spouse and remain taking small distributions at the decedent’s RMD pace. Now the IRS requires you to take the full balance within 10 years. For
Turning 73 this year? It is important to take minimum distributions to avoid penalties. Because the purpose of IRAs is to save for retirement, investors must take required minimum distributions (RMD) from their employer sponsored plan or other retirement account once they reach age 73 (70 1/2 for those born before July 1, 1949). For
Financial knowledge and literacy are key to planning a successful financial future. Financial knowledge is important particularly for women as they take control their financial future and begin making financial decisions. Financial literacy can give women the knowledge needed to grow confidence to make financial decisions and empower them to build their financial futures. Steps
Focusing on Retirement & Longevity Original Post from Raymond James Insights Financial resolutions for 2025 Instead of hauling out those familiar New Year’s resolutions about keeping a journal or drinking more water, how about focusing on your financial well-being? Here’s a set of resolutions that can help ensure your long-term financial confidence. Update your beneficiaries
Brandon Angotti quoted on MSN.com “Anytime an asset sees that kind of growth, investor interest surges”, said Brandon Angotti, VP, Financial Planning & Trust Officer at the Wealth Group Union Savings Bank. “You just want to make sure you’re very careful, so that you’re not buying at the peak when everyone else is sort of
While people are itemizing less often, there still could be some additional tax savings. With the passing of the Tax Cuts and Jobs Act (TCJA) of 2016, several changes were made that significantly reduced the number of tax filers itemizing their deductions: the most noteworthy being the doubling of the standard deduction and creation of
A Look at the Importance of Estimating and Generating Income for Retirement Plans. Where do I start? You may understand the importance of planning for your retirement. But where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. Since retirement planning is not
They’re both taxed, so which is better, a Roth IRA or a Traditional IRA? Well, it depends. I’m regularly asked whether I think a Traditional or Roth is the ‘better account’. My answer is, as with most financial planning questions, it depends. The general rule of thumb is to compare your tax rate when making
This year, college savings plans have evolved and gotten even more flexible and attractive. Imagine if you had retirement savings started at two years old with the flexibility to grow tax deferred for 60+ years and then distribute in retirement TAX FREE. The power of compounding over 60+ years can be incredibly eye opening. College