Retirement Account or Retirement Plan: What’s The Difference?

Written by Jeff Walker, Financial Planner Retirement Account or Retirement Plan: What’s The Difference? The most widely used and well-known retirement savings plan in the United States is a 401(k) plan. The term “401(k)” refers to Section 401(k) of the Internal Revenue Code. These types of plans allow employees to avoid taxation on their income…

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Retirement – A New Identity

Written by Jeff Walker, Financial Planner Retirement – A New Identity George had been looking forward to retirement. The high pressure of sales and service that came with his job was getting to him, he found getting through the weeks harder and harder. Too many meetings, too much travel, too many changes in technology, too…

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How The Russia-Ukraine Conflict Could Affect Americans

When Putin invaded Ukraine in late February 2022, President Biden announced sanctions targeting Russian banks, the country’s sovereign debt and Russian oligarchs, warning that Russia would pay an even steeper price if it did not cease its aggression. In the early days of the conflict, European banks braced for the fallout. However, U.S. bank executives…

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What We Worry About

Retirement Planning A recent survey found that about 50% of couples do not agree on how much money they should have saved by retirement. However, new research shows that couples who engage in financial planning together tend to be happier and more successful during retirement. Interestingly, couples that score highly on cognitive interdependence (meaning they…

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Where Do My State Taxes Go?

written by Erik Schuster CFP®, Financial Planner   We have all asked the question, “Where does my tax money go?”  While I am not going unravel that very complicated and most likely unfortunate scenario, I am going to introduce a way you can direct your Pennsylvania state taxes. Pennsylvania sponsors two programs that allow taxpayers…

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5 Ways to Build A Better Tax Plan

You just finished your taxes, but it’s not too early to make plans for next year. It’s important that as you build your plan, you think about some strategies to reduce or defer your taxes now or in the future. Here are some strategies to consider helping your financial plan become more tax-efficient: Tax Harvesting…

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Millennials Step Up

In 2019, the millennial generation (born from 1981 to 1996) surpassed the number of baby boomers (born between 1946 and 1964) in the United States. Today, one in four people is a millennial.1 Many millennials came of age at the turn of the millennium, which means they were aware of the fallout from the 9/11…

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