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When it comes to financial accounts like the IRA, details are everything. Look past the surface, examine it closer, and you may be surprised that numerous accounts, including your IRAs, contain hidden gems and little-known facts you didn’t know existed. These are the moments when you may discover there are some rules out there that may benefit you and your financial strategy. Here are five of those little-known facts you may not know:  Rollover IRA A rollover is when you cash in ano

Taking a closer look at whether it might be appropriate for your situation     Since it first became available in 2006, many employers have added the Roth 401(k) to their benefit packages as a retirement savings option. A Roth option is available for Individual Retirement Accounts (IRAs) and 401(k) and 403(b) accounts. To see if a Roth 401(k) would be appropriate for your situation, let’s take a closer look.   To Roth or Not to Roth   To start, let’s consider th

Pursing not only a confident retirement, but one that is vibrant and fulfilling   Embarking on retirement alone, either by choice or due to unforeseen circumstances such as the loss of a partner or divorce, presents a unique set of challenges and considerations. With the rise in divorce rates among those aged 50 and older, and the reality that over a quarter of individuals over 60 live solo – a figure that climbs significantly for women as they age – preparing for a solo reti

Legislation that could benefit parents and business-owners is currently moving through Congress. The House has passed the Tax Relief for American Families and Workers Act of 2024. It now faces an uncertain future in the Senate. The legislation would make changes to the child tax credit and to certain business tax provisions. Some significant provisions in the legislation that may provide tax relief are summarized below. Child tax credit provisions If enacted, the legislation may increase the av

Understanding the implications of CPI and PPI is crucial for investors   In the ever-evolving world of finance, staying abreast of economic indicators is crucial for investors looking to make informed decisions. One such key indicator is inflation, which recently made headlines with the release of data in early January 2024. According to the report from the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) showed a 0.3% month-over-month increase in December 2023, following

The average American worker will change jobs more than once in their lifetime. While there are multiple options such as leaving your 401(k) in your former plan if allowed, cashing out the account balance, or transferring the 401(k), many decide to roll over their old 401(k) to their new employer's plan or other investment vehicles such as an IRA, Roth IRA, or an annuity. Here, we provide tips to help the rollover process go quickly and smoothly for you. 1.  Check with the 401(k) custodi

Both trading and investing involve purchasing financial assets for the purpose of growing the value of those investments and either earning a profit through a sale, the accumulation of interest, or dividends paid out (and reinvested in the asset). Some of these financial instruments include:  Individual stocksBondsExchange-traded fund (ETF)Index FundMutual Fund     What is investing? Investing involves buying and holding a financial asset over time where the investment may gro

The 2024 tax season is upon us, and it's time to get prepared for filing your taxes. Whether you're a seasoned taxpayer or a first-timer, understanding the key dates and procedures will help you navigate the process smoothly. Here's a guide to help you through Tax Day 2024.When Can I Start Filing My 2023 Tax Return?The IRS has announced that the 2024 tax season will officially begin on January 29. This means that starting on this date, the IRS will start accepting and processing tax

When the market moves, whether up, down, or in circles, there are terms to describe these dubious economic fluctuations. Here, we will discuss two of them, deflation and disinflation, and why investors should plan for both. Deflation Deflation is the opposite of inflation. It is a term used to outline the decline in the price level across the economy, not the growth rate of the price level (disinflation). Deflation can be triggered by a decrease in the supply of money and credit, growt

Present economic conditions are ripe with opportunities to enhance income   Retirement is a time to enjoy the fruits of many years of labor; a season to reap the benefits of smart saving and investing. However, with the changing tides of the economy, particularly the rise in interest rates, a new set of opportunities has presented itself for retirees. The investment landscape for those in their golden years is sparkling with potential, albeit with a few caveats that require a keen eye and

Present economic conditions are ripe with opportunities to enhance income   Retirement is a time to enjoy the fruits of many years of labor; a season to reap the benefits of smart saving and investing. However, with the changing tides of the economy, particularly the rise in interest rates, a new set of opportunities has presented itself for retirees. The investment landscape for those in their golden years is sparkling with potential, albeit with a few caveats that require a keen eye and

In today’s current financial environment, investors are experiencing the challenges of managing their investment portfolio through a volatile market with an uncertain future. For more than a year, bond return on investments has been less than favorable, and the question we have to ask ourselves is, are bonds even worth having in our portfolio anymore?  What are bonds? Buying a bond means you are making a loan to an organization. It is essentially an IOU given by the borrower (the iss

In today’s current financial environment, investors are experiencing the challenges of managing their investment portfolio through a volatile market with an uncertain future. For more than a year, bond return on investments has been less than favorable, and the question we have to ask ourselves is, are bonds even worth having in our portfolio anymore?  What are bonds? Buying a bond means you are making a loan to an organization. It is essentially an IOU given by the borrower (the iss

Stocks and bonds have advantages and disadvantages when building an investment portfolio. Much of this depends on your risk tolerance and how you construct your investment strategy. When considering the potential risks and rewards of stocks and bonds, it is important to first learn the key differences between them. Stocks are ownership in a company, and bonds are a loan to a company or the government. Historically stocks have generated higher returns than bonds. According to the U.S. Securi

Whether you're a seasoned taxpayer or a first-timer, understanding the key dates and procedures will help you navigate the process smoothly.

Here, we provide tips to help the rollover process go quickly and smoothly for you.

Understanding the implications of CPI and PPI is crucial for investors

When the market moves, whether up, down, or in circles, there are terms to describe these dubious economic fluctuations. Here, we will discuss two of them, deflation and disinflation, and why investors should plan for both.

Present economic conditions are ripe with opportunities to enhance income. Retirement is a time to enjoy the fruits of many years of labor; a season to reap the benefits of smart saving and investing. However, with the changing tides of the economy, particularly the rise in interest rates, a new set of opportunities has presented itself for retirees.

In today's current financial environment, investors are experiencing the challenges of managing their investment portfolio through a volatile market with an uncertain future.

Stocks and bonds have advantages and disadvantages when building an investment portfolio. Much of this depends on your risk tolerance and how you construct your investment strategy.