November 30, 2023
Janney's 2024 Market Outlook
The Federal Reserve has made significant progress in bringing down inflation while maintaining growth in the U.S. economy. Can it continue in 2024? Join our exclusive virtual presentation where Janney’s Investment Strategy Group shares their views on the current state, their outlook for the coming year, and what you should know about the economy and markets’ potential impact on your portfolio strategy.
Featuring: Janney’s Investment Strategy Group
Mark Luschini | Chief Investment Strategist
Mike Halloran | Equity Strategist
Guy LeBas | Director Custom Fixed Income Solutions
November 28, 2023
There is only about a half a day left in the fundraising competition staring our own Doug Velnoskey as he faces off against Tyler Codd of Sturgill & Associates LLP in the Polar Dunk Tank competition to raise funds for the Boys & Girls Club of Carroll County.
Whether you want Doug spared from the harsh reality of a cold plunge or to see him bathed in the icy freeze of the dunk tank, please consider donating at the link below in support of this great cause from an influential organization with an awesome impact in our local community.
https://bgccarrollcounty.org/donate/
And don't worry, we'll be sure to post pictures after the event!
November 21, 2023
Long-Term Care: Impact on Family Caregivers
As many families gather together to celebrate the Thanksgiving holiday, sharing time and memories with older family members brings joy to many. It also brings up the question of who is going to care for elderly family members in the future. The physical, financial, and emotional strain of assisting a loved one with social or health needs can have substantial impact on the caregiver. Long-term care planning can help in these situations, and you can learn more in the article people. If you're looking to start the conversation around long-term care, give us a call.
November 15, 2023
Retirement Plans for the Self-Employed: Choosing the Right Plan for You
Self-employment is liberating and challenging at the same time. If you are self-employed with no employees, establishing a retirement plan for your business may sound like a daunting process. However, there are a variety of retirement savings plan options available. We work with various types of businesses and their owners and are always happy to discuss your unique situation. Please feel free to connect with us.
November 09, 2023
Roth Conversions: A Holiday Gift That Keeps Giving
It feels like Labor Day and the end of summer was just a few days ago but shockingly we are closing in on the end of the year with the holiday season a few weeks away. As the year-end approaches, there are many considerations to take into account from a financial planning perspective. One such consideration is a Roth conversion. Roth conversations can provide several tax and estate planning advantages. Learn more about the benefits and if a conversion makes sense for you in the article below. If you'd like to explore Roth conversions and their role in your personal financial situation, please reach out.
November 07, 2023
Starting this week through Tuesday, November 28th our own Doug Velnoskey faces off against Tyler Codd of Sturgill & Associates LLP in the Polar Dunk Tank competition to raise funds for the Boys & Girls Club of Carroll County.
Whether you want Doug spared from the harsh reality of a cold plunge or to see him bathed in the icy freeze of the dunk tank, please consider donating at the link below in support of this great cause from an influential organization with an awesome impact in our local community.
https://bgccarrollcounty.org/donate/
And don't worry, we'll be sure to post pictures after the event!
November 06, 2023
401(k) limit increases to $23,000 for 2024, IRA limit rises to $7,000 | Internal Revenue Service
On November 1st, the IRS announced the cost-of-living adjustments impacting 2024 contribution limits for various retirement-related accounts.
Participants in 401(k), 403(b), and most 457 plans as well as the federal government's Thirft Savings Plan can now contribute $23,000, up from $22,500.
The limit on IRA contributions also increased to $7000, up from $6500, for 2024. The "catch up" contribution for individuals aged 50 and over remains unchanged at $1000.
Read more about these changes here: https://www.irs.gov/newsroom/401k-limit-increases-to-23000-for-2024-ira-limit-rises-to-7000
November 01, 2023
Make Long-Term Care a Part of Your Financial Plan
November is Long-Term Care Awareness Month. Rising healthcare costs and the specter of unexpected and significant costs for extended periods of time have the potential to derail even the most well-thought-out retirement strategies. Our team talks about long-term care insurance in almost every financial plan review. If you're unfamiliar with this type of insurance, you can read more about its importance and how you can make long-term care part of your financial plan in the article below. And if you'd like to dive deeper and see how Long-term Care Insurance could work within your own retirement, please contact us today.
November 01, 2023
Make Long-Term Care a Part of Your Financial Plan
It’s Long-Term Care Awareness Month—are you prepared to handle the costs of a long-term care event in your retirement years? This article can help you plan for them.
October 24, 2023
Reposition Assets For Tax-Efficient Wealth Transfer
As part of our comprehensive and holistic financial planning approach, we constantly consider the impacts of "asset location" not just "asset allocation". If you’re close to or in retirement and asking yourself how to best pass your wealth on to your heirs, repositioning some of your investments may be a tax-efficient way to leave a larger financial legacy. If you would like to learn more about these strategies or consider them for your own financial plan, connect with us.
October 18, 2023
Which Programs Should You Consider To Cover Health Care Costs?
Healthcare coverage cost in retirement is perhaps the most important factor for retirees since it drives a significant portion of their budget. Considering the continued rise in healthcare costs year over year, that portion of the budget may only increase over the course of one's retired years. Understanding the various options to cover your health care costs and needs is a critical component of our team's holistic approach to financial planning. The article below is a great starting point to learn more about several options to assist with healthcare coverage and costs in retirement.
October 03, 2023
Saving for Retirement? Now There’s More Time to Make Catch-Up Contributions
Catch-up contributions are a critical retirement savings component for pre-retirees aged 50 or older. The IRS has extended a provision allowing eligible participants to make pre- and after-tax retirement plan catch-up contributions in 2024 and 2025— regardless of their income level. To learn more about the changes, click the article below. If you'd like to dive deeper into the discussion, please reach out to our group by phone or email and we can go into specifics based on your personal financial situation.
October 03, 2023
Saving for Retirement? Now There’s More Time to Make Catch-Up Contributions
Eligible Americans saving for retirement can continue catch-up contributions on pretax basis through 2025, under a change recently issued by the Internal Revenue Service (IRS).
September 27, 2023
We're very pleased to announce that our Westminster, MD branch has once again been named the winner of Carroll's Best in the "Investment Center" category. We sincerely thank all of those who voted as well as recognize the accomplishments of the other category winners and honorable mentions.
September 19, 2023
Determine How Life Insurance Fits in Your Financial Plan
Insurance can be a "dirty" word in some circles, but risk management is a critical component of managing your personal balance sheet and income statement. With so many types of insurance and so many options, where to start can be daunting. Our team takes it one step at a time, and we usually start with life insurance.
If you have more questions than answers when it comes to life insurance, check out this useful checklist to start the process of determining if you need it, and if you do--what solution best fits your needs. If you'd like to dive deeper into the risk management conversation or assess your current approach, please contact our team today!
September 16, 2023
Tax & Estate Planning Virtual Seminar
Whether it’s the possibility of tax laws changing soon or recent updates impacting inherited retirement accounts, there’s a lot to consider when it comes to tax and estate planning.
Join us for this exclusive virtual seminar where we will explore what to do before the 2017 Tax Cuts and Jobs Act sunsets, estate & gift planning strategies, charitable gifting, and income tax planning opportunities, as well as new provisions in Secure Act & Secure Act 2.0, types of beneficiaries and the new 10-year payout, using trusts as beneficiaries, and incorporating Secure Act & Secure Act 2.0 within your financial plan.
September 12, 2023
The Changing Landscape of 529 Plans
Summer is over and America is back to school. The adjustment period for everyone can be challenging but it can also get you thinking about long-term education funding. In recent years, there have been numerous policy changes related to 529 plans that can have significant additional benefits beyond just paying for education. Learn more about these changes and the implications for 529 plan owners and beneficiaries in the linked article.
September 05, 2023
Making a Charitable Gift? Consider a QCD
If you are still looking to satisfy your required minimum distribution (RMD) requirement for 2023, you should consider a Qualified Charitable Distribution. It is a way to satisfy all or part of your required minimum distributions from an IRA while also supporting your charitable giving. The article can help you learn more and if you have further questions, you can reach out to us directly.
