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IRS Releases 2022 Retirement Account Contribution and Contribution Deduction Limits

2021-11-19T13:10:47-05:00November 5th, 2021|Blog|

IRS Releases 2022 Retirement Account Contribution and Contribution Deduction Limits By: Margaret Nickens The IRS released the 2022 contribution limits and deduction income limits for IRAs, 401(k)s, and other retirement accounts. While there's some disappointing news in the batch, there's definitely some increases to celebrate. The Bad News The IRS is not increasing contribution limits [...]

Goals-Based Savings Can Help You Withstand Market Volatility

2021-10-29T11:53:00-05:00October 29th, 2021|Blog|

Goals-Based Savings Can Help You Withstand Market Volatility By: Stacey Nickens Financial planners and investment advisors have traditionally advocated for a bucket-approach to savings. With the bucket approach, you segment your savings by time until withdrawal. A goals-based approach to saving is a twist on this method. Rather than segmenting your savings by time until [...]

Social Security Will Increase Significantly in 2022

2021-10-18T13:38:19-05:00October 18th, 2021|Blog|

Social Security Will Increase Significantly in 2022 By: Stacey Nickens Retirees will see a large increase in their Social Security benefits in 2022. Last week, the Social Security Administration announced that the cost-of-living adjustment will be 5.9% in the upcoming year. However, seniors should keep in mind that benefits are increasing because inflation is increasing. [...]

Creating Money Harmony in Your Marriage

2021-09-14T16:12:35-05:00September 14th, 2021|Blog|

Creating Money Harmony in Your Marriage By: Stacey Nickens September is the perfect month for pumpkin spice lattes, the return of Target's Halloween section, and marriage. Traditionally, more couples get married in September than in any other month. June and October take second and third place, respectively. If wedding bells are on your horizon, you [...]

3 Ways To Maintain Your Pandemic Savings Habits

2021-06-07T15:18:16-05:00June 7th, 2021|Blog|

3 Ways To Maintain Your Pandemic Savings Habits By: Stacey Nickens The pandemic was a devastating and challenging experience for our country, but quarantine restrictions may have helped you build healthier financial habits. Instead of eating out, you may have cooked more dinners at home. Instead of dropping money on expensive vacations, you may have [...]

Investing During Periods of Inflation

2021-05-17T11:40:03-05:00May 17th, 2021|Blog|

Investing During Periods of Inflation By: Stacey Nickens I logged onto my computer this morning, and the first headline to pop up read, "Is inflation set to soar this summer?" Investors have become increasingly concerned that inflation is on the rise, and these worries have been exacerbated by the Fed's changing policies around inflation. In [...]