by sochafinancial | Jan 4, 2023 | Educational
The age at which individuals begin taking required minimum distributions (RMDs) increased to 73 from 72 on January 1, 2023. If you turned 72 in 2022 or earlier, you must continue taking RMDs as scheduled. If you are turning 72 in 2023 and have already scheduled your...
by sochafinancial | Dec 21, 2022 | SFG
Embracing the holiday spirit with our Socha Financial Group...
by sochafinancial | Dec 12, 2022 | SFG
Spirits were merry & bright at our annual office holiday party. We are so grateful for this wonderful Socha Team. What a joy to celebrate the holidays with people you...
by sochafinancial | Nov 30, 2022 | Educational
If your retirement planning includes funding a traditional IRA (or 401[k]), congratulations. You’re reducing your bill to Uncle Sam in every year you contribute. Great! Right? Maybe not so great. The flip side of traditional IRAs is that a withdrawal is a taxable...
by sochafinancial | Oct 21, 2022 | Educational
The third quarter started off well with the S&P 500 trading up 12.7% by mid-August, only to retreat and finish the quarter down 6.3%. The weakness in the equity market was precipitated by a slightly hotter than expected CPI report for August, followed by an...
