During the last two weeks of 2022, the US Legislature passed what is known as SECURE Act 2.0. It has many provisions and complexities. But one of the biggest is the expanded use of Roth type savings provisions. We call it Rothification. From SIMPLE IRA plans, to catch up contributions, to electing Roth treatment of employer contributions, there are more opportunities than ever to take advantage of this provision. Let's dig in to the new Rothification provisions.
Investing can challenge anyone. When you see your account values decrease, it creates a level of discomfort. But how do you know your breaking point? Financial Advisors have been using Risk Tolerance Questionnaires for decades, as do we. They range from extremely simple to more elaborate, and all have some basic limitations. Today we discuss measuring your ability to handle investment risk.
For those of us with aging parents, there may come a time when we need to take a more active role in their financial lives. This can be a challenge. But getting involved proactively can help avoid some significant problems later on. In this episode, we discuss the financial conversations you should have with your parents.
In case you missed it: watch the replay of our live show. Watch the replay of our live episode of Wealth Wedensday. We discuss: Is ESG Something you consider when building portfolios? Are bank deposits safe in arecession? Can I claim any of my account declines on my taxes? I turned 72 do I have to take an RMD? and more
ESG Investing is becoming a more popular topic. The "E" stands for environment, "S" represents social, and "G" stands for government. It is a newer trend in the investment world and we are hearing more questions from clients. We'll explain what it means, how you can use this investing criteria, and some potential issues you might encounter.
The new year is right around the corner and it is a great time to start looking ahead. What can you do to get the new year off to a good start? Looking at your savings, spending, charitable intentions and retirement plans are a good place to start. Today we offer some key tips to be better with money in 2023.
Over the past year, we have seen significant decreases in both the stock and bond market. One of the big culprits is inflation. A significant spike in the prices of the things we buy every day prompted a big increase in interest rates. The rising rates have created poor returns for bonds. While we can't "undo" the damage, there is a reason to be optimistic. Today we discuss the silver lining of higher interest rates.
Our Marietta team had a guest appearance on local radio Monday, December 12th. They joined morning host, Brett Wharff to discuss the big changes in that office and introduced listeners to the newest member of our team Evan Brockmeier. They also discussed the importance of financial planning to help improve your future.
It is hard to believe it is already December. We are all ready to put 2022 behind us. It is time to look ahead to next year. We are all hoping for better things. But there is one major concern on our minds. What if stocks go down again in 2023? We look at the potential impact of back-to-back down years of negative investment returns.