The financial landscape is always shifting, and when it comes to saving for retirement, a little legislation can go a long way. For example, the SECURE Act 2.0 is a massive bill passed at the end of 2022 that, even now as we enter 2026, is still changing how your employer-sponsored retirement plans [like your 401(k) or 403(b)] will operate...
People frequently refer to the stock market as a “casino”, as if they have zero influence over the financial result of their decision(s). However, there are at least two important differences between gambling on slot machines and investing in an actual business, or a collection (portfolio) of businesses: Entitlement and predictability.
We live in the “noisiest” era in human history. Notifications, breaking news, opinions, algorithms, senseless entertainment, and advice are constantly bombarding our attention. Every day we face an overwhelming flow of information—some helpful, most distracting. The result? Many of us feel more confused than ever, even about the most important areas of our lives: how we spend our time, how we use our money, and what kind of future we want to build.
As a financial advisor, I spent a lot of my day indoors. Either sitting at a desk or a conference table. However, every once in a while, I get a chance to support a local charity and play in a golf outing, or even skip out of the office early to play a quick nine before I head back home. Here in the Midwest, we only have a few good months for the golf season. So, as I’m taking advantage of the sunshine while we have it, it has me thinking: How can golf help with money management?
The temperature here in Michigan has been sweltering. Summer has seemed to drag on, and until recently, it brought a drought with it! The unfortunate circumstances for farmers have not extended to markets, however. The third quarter brought huge gains across stock markets and modest gains across bond markets.
They come every month, but what do all the numbers mean, and how can I make sense of it all? In this article, we will explore the ins and outs of our Fidelity statement, and by the end, we’ll have a better understanding of what we’re looking at.
When it comes to planning for your education, there is no better vehicle than a 529. A 529 is a tax-advantaged account designed to help pay for education. 529 Plans grow tax-deferred, and withdrawals are tax-free if they are used for qualified educational expenses. The downside if proceeds are not used for qualified educational expenses, any earnings will come out as ordinary income and a 10% penalty is tacked on. However, recent legislative changes now allow for greater flexibility with leftover or unused 529 plan funds!
The transition into retirement can be very exciting, but it is also one of the biggest adjustments a person can make in their life. I have been blessed to help dozens of clients transition into retirement, and everybody, without exception, is a little nervous (or a lot). If you are approaching retirement and feel anxious, unsure, or fearful, you are not alone.