2024 Highlights The Year of Estate Planning brought invaluable insights and resources to support families in securing their financial legacies. As we wrap up 2024, here’s a look at the highlights—from informative webinars and new team milestones to a record-breaking Fall4Fitness challenge and heartfelt community involvement. Read More: Navigating Markets Through Election Cycles As election …
retirement accounts
What’s Changing for 2025?
Social Security: Cost-of-Living Adjustment (COLA) for 2025 will be 2.5%. Retirement Accounts: Contribution limits for 401(k)s, 403(b)s, 457 plans, and the federal government’s Thrift Savings Plan have increased to $23,500 for 2025. The catch-up contribution for those aged 50 and above remains $7,500. Starting in 2025, under the SECURE Act 2.0, workers aged 60 to …
Portfolio Rebalancing
Portfolio Rebalancing: What? Why? When? Have you ever received a Raymond James trade confirmation (or several), and quietly wondered what it was for? It was probably the result of Portfolio Rebalancing, an action I took on your behalf. My name is Jessie Schlanderer, and I am an Investment Analyst and Wealth Advisor here at Stephens …
Long-Term Care (LTC) Insurance
Some people think that when they get older and they have to go into an assisted living or nursing home facility, they will just be covered by Medicare or their regular health insurance – wrong! Assisted Living Medicare doesn’t cover much of assisted living or nursing home stays. Your assisted living stay could be covered …
Avoid Naming Minor as Beneficiary
Continuing with September as National Life Insurance Awareness month… One of the main reasons people have life insurance is because they have young kids. Often, people think that they should name their spouse as the primary beneficiary and then the kids as contingents (if something happens to both parents). This blog talks about why you …
Cash Vs. Money Market
Chasing interest on your cash is a tough thing to do, especially right now with interest rates being so low. Several years ago, before the financial crisis of 2008-2009, I held funds in what were called “demand notes.” Demand notes, a type of money market fund, paid a higher interest rate than a typical savings …