On December 29, 2022, the Consolidated Appropriations Act of 2023, containing a section known as SECURE 2.0, became law. It builds on the SECURE Act passed in 2019, revising existing rules around retirement saving. The legislation included considerable changes to improve the use of both ABLE and 529 accounts as well as paying off student […]
The reason so many of us love watching the holiday special It’s a Wonderful Life is the main character, George Bailey. Through George, we learn of the importance of sacrifice and redemption, small-town values, and, yes, the virtues of small banks. In a critical moment in the film, George hopes to prevent a run on his family’s […]
In 2022, we watched the former FTX CEO Sam Bankman-Fried and his FTX cryptocurrency exchange collapse. With investors’ concerns it may result in another Bear Stearns moment, that collapse dealt a catastrophic blow to cryptos reputation and the plans and aspirations of many in this unique industry. The question now is, is this the end […]
With 2022 in the rearview, it’s tax-filing season. Below you’ll find an overview of changes in tax law for 2022 as well as a brief checklist of documents to gather when preparing to file. The first thing you should know is that the due date for your 2022 Form 1040 is April 18, 2023, instead […]
We hope you all had a wonderful Christmas as well as a great New Year’s. We wanted to provide information regarding the new law that was passed on Thursday, December 30th, 2022, the SECURE Act 2.0. This $1.7 trillion omnibus spending package contains various pieces of retirement-related reform. While most of the changes are not […]
When the market experiences heightened volatility, resulting in negative performance, it can have a significant impact on investments. Though account values may look disheartening for many this year (as the S&P 500 was -17.13% as of November 21st, 2022), it may be possible to find a silver lining to cheer you up. Well at least […]
Learn how to electronically request or make changes using Schwab Alliance Schwab is known for having the best overall brokerage for beginners and having excellent customer service for their clients. In addition, Schwab created Schwab Alliance, a version of their website customized specifically for clients of advisors. Alliance allows you to perform many functions including, […]
Medicare’s annual Open Enrollment period runs from October 15th through December 7th each year. During this time, for those already enrolled in Medicare, you may: Switch between Original Medicare and Medicare Advantage (also known as Medicare Part C). What’s the difference between these two coverage options? Find out more here! Join a new prescription drug […]
Healthcare is an integral part of American life, and ensuring you are covered during retirement should be at the forefront of your financial planning. Even with careful planning, Medicare open enrollment scams can damage your benefits and leave you vulnerable to identity theft. Protect yourself and your money with a trusted financial advisor like Tull […]
Information floods our minds every day. TV, radio, podcasts, and the internet is constantly at our fingertips. With access to unlimited information, companies compete for your attention. They use “click bait” to reel you into clicking on their blog post or website. Given that their number one priority is to grab your attention, information can […]