Wealth Management

For investors, election years should be much like any other year. However, there is sometimes a temptation to try to discern how the political winds may affect investment outcomes.

Do you ever wonder where your money goes each month? Does it seem challenging to get ahead? If so, establishing a budget can help keep track of how you spend your money and help you reach your financial goals.

When it comes to retirement, one of the most common regrets expressed by the recently retired in surveys is not having saved enough. Another regret is spending too much too soon.

Although most people recognize the importance of sound retirement planning, they don’t always embrace the work involved.

“Tax efficient” investing means taking steps to minimize losses to taxes in an investment portfolio. However, taxes should not be the primary reason to buy, hold, or sell an investment.

Many women are working and taking charge of their own retirement planning. What does retirement mean to you? Do you dream of traveling? Pursuing a hobby? Volunteering your time, or starting a new career or business?

The earlier you make your IRA contributions, the longer they will grow. So, under that theory, you should have made your IRA contributions for tax year 2023 at the beginning of 2023.

According to the Investment Company Institute’s 2023 handbook, as of the beginning of 2023, some $33.6 trillion worth of assets had been earmarked for retirement. 

The tax deferral accorded to IRAs and qualified retirement plans has helped to push total retirement resources in the USA to $33.6 trillion at the end of 2022 (Investment Company Institute 2023 Fact Book).

Caring for your aging parents is something you hope you can handle when the time comes, but it can be very challenging and is often the last thing you want to think about.

Every year since 2009, during the third week of October (the 17^th through the 23^rd in 2023), estate planners across the country recognize National Estate Planning Awareness Week.