Recently I listened to an interview with Fred Smith, the highly respected founder and executive chairman of FedEx Corporation. He shared how over the next months or years policy changes need to be made when it comes to government spending and debt. Federal spending has risen dramatically to where almost $2 trillion was borrowed last […]
The holiday season is in full swing now, and you likely have a list of things to do that is just as long as Santa’s. While this is a truly magical time of year — twinkling lights aglow, Christmas music setting the tone in stores, and everyone feeling the Christmas spirit – the holidays also […]
Responsibility In the 1980’s, companies that offered pensions began to substitute them with defined contribution 401(k) plans. Corporate America did this to reduce costs and transfer risk onto the employees. As a result, it is your responsibility as the employee to understand and participate in planning for your retirement. However, at Tull Financial Group, it […]
Medicare provides essential healthcare coverage for those aged 65 and older as well as certain younger individuals with disabilities. If you’re a Medicare beneficiary or about to become one, understanding Medicare open enrollment is crucial. In this blog, we’ll walk you through the basic information you should know about Medicare open enrollment. Medicare Open Enrollment […]
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 […]
Simplifying the Investment Strategy Debate In the world of investing, the 60/40 portfolio has long been hailed as a tried-and-true strategy for achieving a balanced and diversified approach. It typically consists of allocating 60% of the portfolio to stocks and 40% to bonds. However, as the financial landscape evolves and new investment opportunities emerge, questions […]
For the past 20 or more years, Cathy and I have been rising early twice a week to join a 6:30 a.m. aerobics class. The participants have become like family over the years — to where we must know your date of birth before you can join. This is because the fellowship of gathering to […]
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 […]
Hello again, and welcome to our fourth and final addition to our blog series called, Tax Planning 101. In our last three blogs, we provided a high-level overview of: How gross income is adjusted through the use of deductions (click here to read); How tax brackets apply to your taxable income (click here to read); […]
Hello again, and welcome to another addition to our four-part series called, Tax Planning 101. If you read our last two blogs, you learned about the income tax equation, tax deductions, tax brackets, tax filing statuses, etc. If you haven’t read the previous two blogs just click here to read the first one and click […]