2023 Q4 Market Commentary
The fourth quarter posted strong performance results across the securities markets with stocks and bonds rising together on news that the Fed was done raising rates.
2024 Annual Limits Guide for Families with Special Needs
As we step into the new year, it's crucial to stay informed about the annual limits that govern various aspects of financial planning. The year 2024 brings with it a set of updated figures and thresholds that can significantly impact your financial strategies. Here are key annual limits you need to be aware of to make informed decisions and optimize your financial planning for yourself and your loved one with special needs in 2024.
Financial Resolutions for the New Year
As we approach the dawn of a new year, it's the perfect time to reflect on our financial journey and set meaningful goals that will pave the way for a more secure and prosperous 2024. When considering resolutions for the new year, here are some impactful financial goals to consider...
Retirement Laws That Impact Special Needs Planning
Laws and Regulations are constantly changing and it’s important to ensure that your financial plan and estate documents are up to date to reflect these changes. When your plan is current, you can rest easy knowing that you are taking advantage of every opportunity available to maximize your resources for you and your family. One of the most recent changes to date occurred just before the end of 2019 when Congress passed, and the President signed a spending bill that included significant changes to retirement savings accounts. Known as the Setting Every Community Up for Retirement Enhancement (SECURE) Act, this legislation changed rules around retirement plans in several key ways.
Understanding the New Rules for Inherited IRAs and Inherited Roth IRAs
Inheriting an Individual Retirement Arrangement (IRA) account used to be a straightforward process, but changes in tax laws outlined in the SECURE Act of 2019 have brought some important modifications, especially for “non-spousal” beneficiaries. If you've inherited an IRA or a Roth IRA or you're planning for your beneficiaries, it's crucial to understand the new rules.
Making the Most of Medicare Open Enrollment
Medicare, the federal health insurance program primarily for Americans 65 and older, is a vital lifeline for millions of seniors. It ensures access to essential healthcare services, but it's important to note that it isn't a one-size-fits-all solution. Every year, during Medicare Open Enrollment, beneficiaries have the opportunity to make changes to their coverage to better suit their evolving healthcare needs.