Education

How to Avoid the 10% Early Distribution Penalty: Part 1 of 2

According to a 2024 report by the Treasury Inspector General for Tax Administration (TIGTA), Americans made early distributions of $12.9 billion in 2021. Early distributions—those taken before age 59 ½—are subject to a 10% additional tax or early distribution penalty. To that end, the following are some of the strategies that you can utilize to […]

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Avoid costly, panic-driven investment decisions during a crisis and remain focused on the long term

What We’ll Cover: Stress, Anxiety, and Crises The Risk of Mistakes Maintaining Perspective in Crises In any crisis, “playing it safe” to avoid losing your money can seem like the only rational strategy. However, in the past 60 years, we’ve seen repeating patterns of crises. Despite these crises, the market has been resilient. The Dow

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Tariffs and economic uncertainty

Following the election, optimism surged amid the belief that the new President would follow through with plans to pare back regulations that stifle businesses and extend the tax cuts passed in 2017. From an investor’s perspective, so far, so good. But candidate Donald Trump also pledged that he would enact tariffs on countries he believed

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Understanding the Ins and Outs of IRA Accounts

An IRA, or Individual Retirement Account, is intended to assist you in saving for retirement. As the name implies, the account is for an individual. It cannot be held jointly with your spouse or another person. An IRA offers significant advantages, including: Tax advantages include tax-free growth on Roth IRA accounts and tax-deferred growth on traditional

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Tax season is here—are you ready? 

Tax season is here—are you ready? 📅💰 Now is the time to gather your tax documents, including W-2s, 1099s, and deductible expenses, to stay organized and maximize your refund. But taxes aren’t just a once-a-year task—they should be a key part of your overall financial planning! 💡🔍 By integrating tax strategy with financial planning, you

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2024—Another rise in excess of 20%

One year ago, we opined, “Rate cuts that occur because the Fed ‘can,’ not because they ‘must,’ is the preferred path” for investors. It’s not that we have special insights when peering into the future. We have yet to find anyone who can consistently and accurately forecast peaks and valleys in the stock market. But

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