Blogs

Four tips for building an investment strategy Whether you’re fairly new to investing or a seasoned veteran, it’s always a good idea to make sure you’re leveraging solid investing fundamentals as part of your approach to investing. Here are some key ways you can help ensure you’re building a solid investment strategy. Determine your risk tolerance When it comes to investing, everyone is unique. Some people may prefer a more aggressive approach, especially if they are younger and have a lot of saving years ahead of them. Others may prefer a more conservative approach, especially if they are...

Retirement plans have contribution limits. Learn about 401(k) retirement plan contribution limits to help shape your retirement savings plan and ensure that you are financially prepared come retirement. Below is a breakdown of important contribution limits that help you determine whether your savings are on track or have an opportunity to catch up. The annual contribution limit is a great goal to keep in mind. 2023 2022 2021 Employee Contribution Limit $22,500 $20,500 $19,500 Employee Catch-Up Contribution (For employees aged 50 and over) $7,500 $6,500 $6,500 Total Contribution Maximum for...

If it feels like your dollar doesn’t go quite as far as it used to, you aren’t imagining it. The reason is inflation, which occurs when prices rise across the economy which decreases the purchasing power of your money over time. Over the past year, hopes inflation was starting to level off, the Labor Department reported the Consumer Price Index (CPI), a broad measure of everyday goods and services, in June soared even more than expected by its highest level since November 1981. The following are some general questions to help you better understand inflation, how it affects all aspects of the...

Peace of mind is what anyone wants when they look ahead towards their retirement. They want to know they can live comfortably, cover their expenses with ease and have some cash in the bank for adventures. These are, afterall, what your golden years are for! Read more here as we discuss ways in which you can increase your cash flow in retirement. Looking ahead toward retirement can either be a time of planning adventures and quality leisure time, or one of worrying about the unexpected and whether your nest egg will cover your needs. As you move from actively saving toward retirement to making...

In the world of investing, the stock market has always been ruled by two very intimidating and unpredictable animals prone to emotional outbursts and a distrust of people, especially those wearing a red cape or carrying a pot of honey. This is the awesome power of bulls and bears. But when it comes to investing, there’s no reason to fear them. They simply represent the two major twists and turns of the stock market over time. Understanding what they are and keeping history in perspective are keys to being a confident and successful investor. This is Bull A bull market is a period when the...