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How to calculate your own personal inflation rate amid rising prices

by Jason Sechrist | Jul 28, 2022 | financial planning, Investments

  Inflation dropped slightly in April, yet it’s still close to a 40-year high, with consumer prices rising at an annual rate of 8.3%. Rising costs for housing, food, airfares and new cars were the biggest contributors to that key gauge of inflation. The typical...

Worried about an economic downturn?

by Jason Sechrist | Jul 25, 2022 | financial planning, Investments

Here’s what you can expect in a typical recession, according to economists   There has been a lot of chatter recently about the possibility of a recession. Yet what exactly does that mean — and what would a potential downturn look like? A recession is defined as “a...

Does inflation have you worried about retirement?

by Robert Sechrist | Jul 25, 2022 | Investments, retirement

Here’s what experts say to do Inflation may have you worried about your retirement. Prices have been rising on everything from food to housing. In April, the consumer price index, which measures the prices of goods and services, notched an 8.3% increase from the...

Here’s how the new IRS life expectancy tables affect required withdrawals from IRAs, 401(k) plans

by Robert Sechrist | Feb 28, 2022 | financial planning, Investments, retirement

KEY POINTS Using the modified tables should be generally straightforward for most account owners, although there are a couple of situations that may be trickier this year. One of those instances involves anyone who delayed their 2021 withdrawal until this year under...

Here’s what’s new with 401(k) plans this year

by Jason Sechrist | Feb 24, 2022 | Investments, retirement

KEY POINTS A couple of provisions that were in the 2019 Secure Act may become more apparent this year. Other changes to 401(k) plans could be on their way, given the bipartisan support for new retirement legislation in Congress. Contribution limits also are higher for...

Social Security may be a ‘treasure trove’ for you and your family.

by Jason Sechrist | Feb 17, 2022 | Investments

But first you have to navigate some complex rules KEY POINTS You may be overlooking the biggest potential source of funds in your retirement planning. For many people, their lifetime Social Security benefits represent one of their biggest assets. Knowing the ins and...
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