by Dayle Scheinman | Jan 28, 2024 | Financial Health, Investing
According to the Bureau of Labor Statistics, today’s median bachelor’s degree recipient receives $1,281 in weekly earnings compared to the $749 made by a typical high school graduate.1 Clearly, one of the best investments you can make for your children is...
by Dayle Scheinman | Jan 28, 2024 | Defined Contribution Plans
Retirement plan contribution limits effective January 1, 2024, include: 401(k) Contributions Increased to $23,000 Catch-up: stayed the same at $7,500 IRA Contributions Roth: increased to $7,000 Traditional: increased to $7,000 Catch-up: stayed the same at $1,000...
by Dayle Scheinman | Nov 22, 2023 | Financial Health
A Health Savings Account (HSA) is a tax-advantaged savings account designed for individuals with high-deductible health plans (HDHPs) to help them save for qualified medical expenses. Here are some of the key benefits of having an HSA: 1. Tax Advantages • Tax...
by Dayle Scheinman | Nov 15, 2023 | Financial Health, Investing
Anxious investors could miss out when trying to avoid turbulent markets. The last time inflation was 10% was in February of 1979. Back then, a suffering economy and a volatile market added to investors’ anxiety. This graph illustrates five choices an equity investor...
by Dayle Scheinman | Nov 15, 2023 | Social Security Income
Social Security benefits currently represent about a third of the aggregate total income of Americans aged 65 and older, according to the Social Security Administration. For future generations of retirees, Social Security may represent a much smaller percentage of...
