The CARES Act permitted the suspension of Required Minimum Distributions (RMD) for 2020. This was great news for those who do not rely on the income from their RMD as it presents an income tax savings opportunity. But what about the people who took out their distribution at the beginning of the year or those […]
Last week we covered the extension of the IRA contribution deadline in our blog post. As we continue to approach July 15th, today we thought we would share the below article from Fidelity reviewing some commonly overlooked IRA saving strategies. While everyone has individual circumstances, we are here to help see how these can fit […]
Due to the coronavirus pandemic, the due date for making contributions to an IRA for the 2019 tax year has been pushed back from April 15 to July 15, 2020. Good news for retirement savers: The maximum amount that can be contributed to a traditional IRA increased by $500 for 2019. It’s the first […]
Ask your advisor about the benefits of 529 college savings plans May 29th marks the nationwide celebration of 529 Day, an opportunity to highlight the many benefits of 529 college savings plans. As higher education costs continue to soar, many parents find themselves faced with the nagging question, “Will I have enough money to pay […]
It is always important to be engaged both mentally and physically. In these current times of shelter-in-place and social distancing it is ever more so. Our friends over at Home Care Assistance created a “Life Enrichment Guide” full of ideas. While it is targeted mainly at older adults we feel it pertinent to all and […]
Do any of these apply to YOU? You have a retirement account You give to charity You pay taxes You find yourself in the midst of a global pandemic You are subject to the jurisdiction of laws passed by the United States of America If you answered “yes” to any of the above questions, then […]
Asking questions and planning will give you both peace of mind Combining love, lives and laundry is one thing. Combining your money is another. Newly married couples who both work do well to think about what to do with two incomes. Here are some pointers. New couples usually wonder how to improve their finances. Easy: […]
As college tuition cost continues to grow, it’s a great idea to have a goal set so you know how much to save. Check out this article to get started on your plan! What college really costs – and how much should you save? – Missouri MOST Zach Ungerott, CFP Zach’s Blog Posts MAKE […]
The prospect of long-term care (LTC) can be both emotional and overwhelming. Few want to acknowledge the possibility of an unexpected event—such as an accident, illness or general decline in health—that would necessitate these services, and LTC insurance and correlating products can be expensive and confusing. While the need for LTC services may seem improbable […]
If you’ve been paying attention to the stock market lately, you’ve probably noticed it can’t seem to make up its mind whether it’s going to finish in the green or in the red each day. While the market is up for the year, it’s impossible not to speculate about what this volatility actually means, and […]
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