Tensions in the Russia and the Ukraine have been rising for years, and the 2022 Russian invasion of Ukraine simply mirrors Russia’s 2014 annexation of Crimea as well as its 2008 invasion of Georgia. At the same time, Russia’s current military action is raising concerns in terms of impacts on financial markets and the global economy. That’s especially visible [...]
Your 2022 reference guide for Federal Income Taxes, Traditional & Roth IRAs, Social Security, Gift & Estate Taxes, Health Savings Accounts, and more. Download 2022 Tax Table PDF This information is for reference only and should be reviewed with a qualified professional as you situation may vary from others. Nothing mentioned above is a [...]
Today we face challenges with rising inflation, the COVID-19 pandemic, and increasingly dramatic actions by the Fed. Set to drive significant repercussions for investors, with shifts in inflation, in interest rates as the Fed responds to those interest rates, and with unpredictable markets as physical goods and services sales respond to the impact of the pandemic and global supply [...]
Inflation affects any market economy. Unfortunately, that also means it affects how you invest and why. Most people are aware that putting $10,000 in the bank means losing the buying power of that money over 10 years, but why? Inflation is the answer. That same effect impacts investments, how they earn, and what your eventual return is. After all, [...]
Today, inflation is the highest we have seen since the 1980s. With peaks of 7% inflation in 2021, it hit a 30 year high in the U.S., leading to a shift in Fed Policy form “transitory” inflation. A rising rate environment has significant impact on investments. Choosing bonds to beat rising inflation can help you to maintain portfolio stability. [...]
Strong economy growth in 2021 has led to marked inflation and returns on equities, bonds, and most other investments. For example, the S&P 500 rose 28.71% in comparison with inflation going up 7%. That trend has resulted in a clear Federal Reserve path to tighten monetary policy in an attempt to curb rampant inflation. That’s especially true after trends [...]
Your 2021 reference guide for Federal Income Taxes, Traditional & Roth IRAs, Social Security, Gift & Estate Taxes, Health Savings Accounts, and more. Download 2021 Tax Table PDF This information is for reference only and should be reviewed with a qualified professional as you situation may vary from others. Nothing mentioned above is [...]
ESG or Environmental, Social, and Governance Criteria include standards which you can use to screen investments to ensure they are socially and environmentally responsible. For the socially conscious, it’s easy to see why an ESG considerations would factor heavily in how and why you invest. You want your money to make a difference, not to fossil fuel companies, bad [...]
Yes, your employer is hiding a Ginormous Mega Backdoor Roth 401k. What now? You qualify for a Mega Backdoor Roth 401(K) if you have Maxed out 401(k) contributions An employer-sponsored 401(k) with voluntary after-tax contributions An employer-sponsored 401(k) with the ability to perform in plan conversions Or the ability to withdrawal after-tax contributions This (somewhat complex) tax [...]
Whether you’re contributing to an IRA, 401(K), or a similar strategy, you will (likely) eventually hit a cap. The IRS limits total contributions depending on the retirement strategy you’re using, which works out to $19,500 (+6,500 for 50+) for a 401(K) and $6,000 ($7,500 for 50+ for most. If you earn between $140,000 and $198,000 (single/joint filing) that rate [...]
