Don’t Forget the Tried-and-True Value of Compounding Interest

If you forgot what compounding interest was, let’s refresh. Compounding interest is the process by which the interest earned on an investment is reinvested so that the initial investment grows over time. It may not seem like it, but compounding returns is a powerful tool that can significantly increase the value of an investment over [...]

2023-01-30T13:25:15+00:00January 30th, 2023|Financial Planning, Investing|

Let’s Talk Social Security

For most, Social Security provides a solid foundation for retirement income. In fact, as of September 2022, over 70 million Americans were collecting benefits.[1] However, not everyone knows exactly how or when to start tapping into this resource. As you grow older and retirement looms on the horizon, the decisions you make start to have [...]

2023-01-23T15:03:08+00:00January 23rd, 2023|Social Security|

Secure Act 2.0 Passes Congress: What You Need to Know

Exciting news! The US Congress has approved the SECURE Act 2.0 under an omnibus act, which involves a series of alterations to the retirement system. These modifications are an extension of the Secure Act of 2019 and are contained in the $1.7 trillion omnibus bill, which is anticipated to get signed into law by President [...]

2023-01-23T15:03:40+00:00January 17th, 2023|Retirement Planning, Government|

Be the Financial Compass for Future Generations

Building towards retirement, you have made many financial decisions. Perhaps you maxed out your credit card on clothes in your early 20s or chose the wrong payment plan for your car loan or home mortgage. Regardless, you’ve navigated many financial obstacles and gained wisdom that can now be passed on to your kids and grandchildren. [...]

2023-01-23T15:03:32+00:00January 17th, 2023|Financial Planning|

2 Ways the 2022 Economic Woes Affected Your Retirement Accounts

The 2022 economic climate has been bumpy for most and, in some cases, even bumpier for retirees. Americans and the world at large dealt with the economic ramifications of the Russia-Ukraine war, post-pandemic industrial effects, and rising inflation and interest rates. As the year ends, it's important to understand how these economic factors may have [...]

2023-01-23T15:04:37+00:00January 9th, 2023|Economy, Retirement Planning|

Turning 59.5? Here are the Factors to Consider

Approaching 60 is an exciting time. Not only does it come with more wisdom and thrill for a new chapter of life, but it also presents important financial decisions that can affect your life in retirement. If you are turning 59.5 this year, you will become eligible to withdraw from your retirement accounts without penalty. [...]

2023-01-23T15:04:46+00:00January 4th, 2023|Retirement Planning|
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