News and Commentary
Stay up-to-date and in-the know about every aspect of your financial picture.
February 14, 2024
Exposed to Scams: Scam Stories | Finra Foundation
Beware of these common Financial Exploitation Scams. Pass this information along to your friends and loved ones to help protect them now and in the future. https://www.finrafoundation.org/scam-stories
February 13, 2024
GoGoGrandparent | On-Demand Uber & Lyft Rides for Seniors
What a great concept to help people "Age in Place"! GoGoGrandparent offers many services in a convenient to find place. https://gogograndparent.com/#Hero
Research & Insights
Access our latest research and insights covering market news, financial planning topics, and more.
Retirement Planning Consideration for Employees of Publicly Traded Companies
Most employers that are publicly traded companies offer employees the ability to buy company stock within their retirement plan. If this happens to be an option within your company 401(k) and you decide to take advantage of it, beware of your distribution options when you decide to retire. Many soon to be retirees make the mistake of rolling over the entire balance of their 401(k) into an IRA before fully understanding the options available to them. This is often done out of ignorance for the rules or lack of working with a qualified financial planner, and the consequences can be costly.
Tax Diversification Matters
The creation and preservation of wealth go hand in hand with reducing ones tax burden. However, avoiding current taxation in hopes of being in a lower tax bracket in retirement may not work out as many expect. The top federal income tax bracket in 2019 is only 37%. You may believe 37% is not low, but it has been much higher in years past. According to the Bradford Tax Institute, the top federal income tax rate was above 60% from 1932 all the way to 1981. Why worry now? The primary driver of future tax increases will be the escalating federal debt, and that figure is ever increasing due to a mismatch in government spending versus revenues.
February Investment Perspectives
In this month’s Investment Perspectives, the Investment Strategy Group discusses how the pursuit of a soft landing continues in the new year and anticipates volatile but trending bond markets. Plus, strong market performance in December points to potential positive results for 2024.