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Know your 401(k) options between jobs

Happy New Year!

QCD Your RMD?

QCD Your RMD?

2022 Contribution Limits

Estate Planning Myths

Estate planning can be one of the most misunderstood aspects of financial planning, however, it’s a vital part to ensure your assets and family are protected. Unfortunately, common myths convince many they don’t need to...

Giving Thanks to You!

November is when Americans take time to pause, reflect, and give thanks for our blessings. On November 11, 1918, the fighting in World War I ceased on the 11th hour, of the 11th day, of the 11th month of the year. Since 1954, November...

Why You Should Set Up Your Online Social Security Account

For many of us, Social Security plays an important part in our financial plans for retirement or later stage of life. Even if you’re years away from applying for benefits, there are good reasons to set up your online Social...

Why You Should Set Up Your Online Social Security Account

For many of us, Social Security plays an important part in our financial plans for retirement or later stage of life. Even if you’re years away from applying for benefits, there are good reasons to set up your online Social...

Making Sense of Seemingly Inconsistent Numbers

It can be incredibly difficult to make sense of data. A report coming from one body may tell you one thing, and another report might seem to offer a wholly different perspective.Such is the case with August’s jobs numbers from...

Why Estate Planning Is Important Today

Plan for tomorrow, today.That seems like sensible advice, doesn't it? Yet a surprising number of people leave no estate plan in place for their survivors. It makes a certain amount of sense. Nobody likes talking about death. But this...

COLA Increase Announced for Social Security

On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the largest increase in four decades. This...

Do You Qualify for the Child Tax Credit?

There are no two ways around it: childcare is expensive! In many cities, it can cost nearly as much as the mortgage or rent payment, which puts parents in a Catch-22: they have to work to afford childcare, but they need childcare in...

401(k) Millionaires

Your workplace retirement account can play a critical role in your overall retirement strategy. However, some have gone further with the accounts than others, especially recently.CNBC reported on findings that place 401(k) accounts at...

Life Lessons from the NFL

Fall is here, and it’s time once again for football! After a long off-season, it’s exciting to get back to live games! It’s also an opportunity to examine what the NFL can teach us about the importance of tenacity,...

Do You Qualify for the Child Tax Credit?

There are no two ways around it: childcare is expensive! In many cities, it can cost nearly as much as the mortgage or rent payment, which puts parents in a Catch-22: they have to work to afford childcare, but they need childcare in...

2021 Limits for IRAs, 401(k)s and More

On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note.401(k)sThe salary deferral...

August 2021: Your Money Matters

This month’s Your Money Matters newsletter shares insight on how investors who put off important investment decisions may face potential consequence to their future financial security,  the need for renter's insurance,...

August 2021: Retirement Readiness

This month's Retirement Readiness newsletter features insights into inflation, the choices for your 401(k) at a former employer, rethinking the 4% rule, and considering how to live a fulfilling retirement. Hope you enjoy, and as...

2021 Limits for IRAs, 401(k)s and More

Darrell C. Claytor CERTIFIED FINANCIAL PLANNER™ On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are...

Not all Debt is Created Equal

Darrell C. Claytor CERTIFIED FINANCIAL PLANNER™ When meeting with clients to determine the most efficient ways to maximize retirement savings, it’s not unusual for me to come across debt in a portfolio which prompts the...

Should You Use Your Retirement to Pay for College?

Educational attainment is a bedrock of the American Dream. We all want our kids to do better than us, and we’ll do anything to help them achieve that! There are dreams, and then there’s reality: college costs have exploded...

A 6.1% Bump in Social Security?

The news keeps getting better for Social Security recipients.It's now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1...

Conducting Your Mid-Year Financial Checkup

With June officially behind us, it’s time to face the facts: we’re headed toward the second half of 2021. While there’s still plenty of time to enjoy the rest of summer, we encourage you to slow down and check up on...

August 2021: Retirement Readiness

This month's Retirement Readiness newsletter features insights into inflation, the choices for your 401(k) at a former employer, rethinking the 4% rule, and considering how to live a fulfilling retirement. Hope you enjoy, and as...

A 6.1% Bump in Social Security?

The news keeps getting better for Social Security recipients.It's now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1...

Conducting Your Mid-Year Financial Checkup

With June officially behind us, it’s time to face the facts: we’re headed toward the second half of 2021. While there’s still plenty of time to enjoy the rest of summer, we encourage you to slow down and check up on...

August 2021: Retirement Readiness

This month's Retirement Readiness newsletter features insights into inflation, the choices for your 401(k) at a former employer, rethinking the 4% rule, and considering how to live a fulfilling retirement. Hope you enjoy, and as...

August 2021: Your Money Matters

This month’s Your Money Matters newsletter shares insight on how investors who put off important investment decisions may face potential consequence to their future financial security,  the need for renter's insurance,...

RMD dates you need to know

Those with a traditional retirement savings plan are required by the IRS to take RMDs and pay taxes on them every year once you reach the age of 70½. Since the penalty for missing your RMD deadline can be severe, we thought a...

Keeping your eyes on the goal

As the struggle to control COVID-19 drags on, many of us experience periodic fatigue from distancing, negative headlines and future uncertainties. Staying disciplined when weary is difficult but crucial to short-term financial...

RMD Distribution Basics

The taxation of RMDs can significantly affect finances in retirement. For the IRS, the RMD amount due is straightforward but deciding where to pay RMDs from can be anything but. You will need to take RMDs and may be able to combine...