by sochafinancial | Mar 16, 2023 | Educational
Volatile markets: Don’t rely on headlines for guidance on when to invest Falling markets and drastic headlines can tempt individuals to abandon their long-term investing plans. Their thinking might go something like, let’s wait until it’s over, hoping to catch the...
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 | 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...
by sochafinancial | Sep 22, 2022 | Educational
It’s easy to get a bit mixed up by the many parts and features of Medicare. This lets you see, at a glance, the major coverage options, called parts, and some of their more significant aspects. Use it to help you think about what level and combination of coverage...
by sochafinancial | Jul 14, 2022 | Educational, Investment Management
The second quarter was beset with continued weakness in the markets and a deterioration of sentiment and consumer confidence. The S&P 500 entered a bear market with a 23% drawdown, while the NASDAQ 100 fell 33%. The yield on the 10-Year treasury spiked to 3.43%...
