The Value of an Advisor: 2021 Update
At JNBA, we’re confident that one of the major reasons our independent fee-only firm has thrived over the past four decades is the value we provide to our clients. We are dedicated to being our clients’ irreplaceable partners — since we started tracking in 2001, we’ve earned a 97% client retention rate. And we’re continually […]
The 2022 Numbers to Know: IRA/Retirement Plan Contribution Changes, Medicare Premiums, and Social Security Cost of Living Adjustments
As a new year quickly approaches, now is a good time to review the upcoming changes across several areas that affect financial planning. IRA and retirement plan contribution limits, Medicare premiums, and Social Security cost of living adjustments are all experiencing changes for the 2022 calendar year. We have compiled the specifics here to help […]
Planning Opportunities Before Year-End
The start of the holiday season also marks the home stretch for year-end planning. Here are a few key items to consider prior to the end of 2021.
2021 Important Year-End Deadlines
To help ensure year-end strategies and appropriate paperwork are executed in time, TD Ameritrade deadlines are below. Please be aware that some deadlines are 2-3 weeks earlier than previous years. Required Minimum Distributions (RMDs): December 1 Roth IRA Conversions: December 1 Establishing a 2021 Qualified Retirement Plan (QRP): Plan sponsor’s tax filing deadline, plus extensions […]
Open Enrollment Reminder & Employer-Sponsored Retirement Plans
It’s that time of the year again – leaves are falling, air is getting chillier…and open enrollment season is upon us for the for the upcoming tax year! Open Enrollment is a good time to review your contributions to various employer plans to help ensure you are maximizing your contributions in an efficient way as […]
Dependent Children & 2021 Tax Credit
The American Rescue Plan Act of 2021 revamped the dependent child tax credit in many ways. It allows for advanced payments of the child credit, raised the child credit amount, and increased the amount of the credit that is refundable. In 2021, families with dependent children who are claimed on their most recently filed tax […]
What is the difference between a health savings account (HSA) and a flex spending account (FSA)?
Healthcare costs can be expensive, even for the healthiest people. Even if you have health care insurance, you may want to take advantage of other options for saving for medical expenses not covered by insurance. Outlined below are some of the differences between the two most common accounts offered to individuals and families, health savings […]
Who Do You Rely on for Financial Advice?
Who do you turn to when you need financial advice? According to a recent survey by the National Financial Educators Council (NFEC), more Americans (40 percent) rely on parents, family members, friends, or coworkers for financial guidance than turn to financial professionals (36 percent). “When people have trusted professionals to whom they can turn when […]
Credit Score Basics That Can Make a Big Impact on Your Financial Health
It’s difficult to imagine functioning in today’s world without credit. Whether buying a car or purchasing a home, credit has become an integral part of our everyday lives. Having easy access to credit goes hand in hand with having a good credit score, so it’s important to know how to maintain a positive credit score […]