Is it time to contribute more?  Provided by Marc Aarons  Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022. Staying put for 2022 are traditional Individual Retirement Accounts (IRAs), with the limit remaining at $6,000. The catch-up contribution for traditional […]

Wise investors take the “big picture” view. Provided by Marc Aarons  CNBC’s Mad Money host Jim Cramer created the popular FAANG acronym to denote some of the largest, most powerful companies in the world: Facebook, Amazon, Apple, Netflix, and Google. Recently, changes in those companies are reflected in Cramer’s new acronym: MAMAA, which stands for […]

While some initiatives are left behind, others are seeing renewed interest.  Provided by Marc Aarons  While it’s still too early to draw any final conclusions, Congress is getting closer to outlining what tax law changes are under consideration to pay for the proposed $1.75 trillion Build Back Better Plan.1 For now, it appears that changes […]

Certain financial & lifestyle choices may lead you toward a better future.  Provided by Marc Aarons  Some retirees succeed at realizing the life they want; others don’t. Fate aside, it isn’t merely a matter of investment decisions that makes the difference. There are certain dos and don’ts – some less apparent than others – that […]

5.9% is the biggest COLA increase in decades.  Provided by Marc Aarons  On October 13, 2021, the Social Security Administration (SSA) officially announced that Social Security recipients will receive a 5.9 percent cost-of-living adjustment (COLA) for 2022, the largest increase in four decades. This adjustment will begin with benefits payable to more than 64 million […]

Enrollment period begins October 15.  Provided by Marc Aarons  Medicare’s annual open enrollment period begins October 15 and ends December 7. During this time, current Medicare beneficiaries have the option to adjust their coverage for the coming year. Any changes to your plan will go into effect on January 1, 2022.1 This is an opportunity […]

Here are some things you might consider before saying goodbye to 2021.  Provided by Marc Aarons  What has changed for you in 2021? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another […]

Wise investors take the “big picture” view.  Provided by Marc Aarons  Most likely, you’ve heard what’s brewing in Washington, D.C., called by one of these names. The Build Back Better Act. Or the $3.5 trillion budget reconciliation bill. Or the Jobs and Economic Recovery Plan for Working Families.1 Regardless of what name you’ve heard, one […]

Things you can do for your future as the year unfolds.  Provided by Marc Aarons  What financial, business, or life priorities do you need to address for the coming year? Now is an excellent time to think about the investing, saving, or budgeting methods you could employ toward specific objectives, from building your retirement fund […]

Some parents and grandparents have that possibility in mind.  Provided by Marc Aarons  Individual Retirement Arrangements (IRAs) are for retirement saving, right? Absolutely. Is that their only purpose? Not necessarily. Imagine using an IRA not only to save, but to facilitate a home purchase. This would obviously be a tall order for an adult, given […]