Insights and reflections to support your financial growth
2022 Fourth Quarter Commentary
Now that 2022 has come to an end, we can reflect on what happened and what we may be able to expect in the year ahead. The year started off with a fed funds rate of 0% - .25% and the expectation the Federal Reserve (FED) would raise it to .75% - 1% by year end....
2023 FOMC Meeting Schedule
The Federal Open Market Committee (FOMC), a body of the Federal Reserve System - holds eight regularly scheduled meetings during the year. At each meeting, the committee discusses the outlook for the U.S. economy and monetary policy options. 2023 FOMC Meeting...
Secure Act 2.0 Raises RMD Age
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...
Is a Roth IRA a good fit for you?
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...
2022 Third Quarter Commentary
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...
Supporting the fight against breast cancer
Spreading awareness to all our loved ones on the importance of self-exams, checkups and screenings can make the difference. Early detection matters! In honor of breast cancer awareness month, we are running a basket raffle through October 31st. All proceeds, which...