The 2023 fiscal year-end government funding bill contained legislation that makes the most significant changes to the U.S. retirement savings system in decades. The SECURE 2.0 Act builds on retirement savings changes passed in 2019 and contains new provisions that further raise the required minimum distribution (RMD) age, shift to automatic plan enrollment and provide for new matching/emergency withdrawal opportunities.
With January being designated as “Financial Wellness Month,” we encourage you to start the new year embracing new possibilities and setting financial goals as a first step in working toward a more secure financial future. It’s a great time to work on improving your financial health and to take a hard look at our financial habits. We have put together our checklist of Top 10 areas to focus on to identify your priorities, along with tips to help you kick-start your Financial Wellness program for 2024.
Last year, we titled our outlook piece “Prospects Brighten as Fed Slows” with the focus on the Federal Reserve because we believed it held the majority of control over the path of the economy and financial markets. That was the correct narrative as we waited with bated breath for every monthly economic report on prices, jobs, wages, and interest rates, which all went the direction we wanted.
In these uncertain times of the COVID-19 pandemic, it’s not uncommon to struggle with maintaining your mental health. The impact of this pandemic has lasted...
S&P 500 Index rose more than 7%, the best August since 1986. S&P 500 Index is extended and sits...
You are the engine for your life. If you don't take care of the engine—and keep it fueled—it will not serve you well. Self-care is what helps...
Patti joined Sandy Cove Advisors with over 25 years of administrative experience. Patti works directly with Deirdre Prescott and manages the daily operations of the office, providing the highest level of service...
These are very unusual times for parents of college-bound young adults. Parents and students are being faced with challenging decisions...
July recorded the fourth month in a row of positive equity returns around the globe. The markets pushed higher despite the news of COVID...
With current interest rates at near historic lows, and demand with traditional lenders at all-time highs...
With opposing news flow and rhetoric hoping to influence our vote on November 3rd, we thought it would be helpful to provide an impartial analysis of...
The second quarter started and ended in quite a different manner with respect to the virus, the economy and the financial markets. Let’s take a look at...
Over the past few months have you found yourself needing to reference an important document, but realize it’s in your office at work? Did you head to ...
Make sure you aren't overlooking some strategies and potential tax benefits, especially for non-working spouses and children.
The month of May brought higher returns in both equities and fixed income which may seem counterintuitive given all the bad news we witnessed on a...