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Wealth Management Insights
Most savers are aware that an Individual Retirement Account (IRA) is a great way to begin setting aside savings for retirement but are often unsure if a Traditional IRA or a Roth IRA, the two most common IRAs, makes more sense for them. Contributions to a Traditional IRA are tax‑deductible (subject to certain limitations) and...
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Retirement accounts can be powerful vehicles in helping you grow your nest egg as you plan for your future. Endowed with tax breaks and tax deferral, it is often an easy decision to contribute. That being said, retirement accounts are not so accommodating if you need access to your money sooner than planned. If you...
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The first days and weeks of a new year typically bring with it a list of goals or resolutions for the year ahead. Often times these will be related to an individual’s health, family time, work/life balance, etc. But we believe it is equally important to set your financial intentions for the year. Below are...
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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...
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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 2021 calendar year. We have compiled the specifics here to help...
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Although the holidays might look different this year, one thing hasn’t changed: The next few weeks are about reflecting on the people who are most important to us. So while you gather with your family this holiday season – whether it’s around the dining room table or around the festive glow of a Zoom call...
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The start of the holiday season also marks the beginning of year-end planning at JNBA. Here are a few key planning items to consider prior to the end of 2020. Investment Portfolio Review The end of the year is a great time to look at your investment and retirement accounts to better understand how they...
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As we enter the back-to-school season, many families are trying to navigate decisions around distance learning, in-person learning, and a hybrid approach from kindergarten all the way through college. The JNBA Financial Planning Committee has provided some reminders for parents and students as you prepare for the upcoming school year.   Estate Planning Documents Once...
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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...
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As the coronavirus pandemic continues to evolve and impact all aspects of our lives, it is an ominous reminder of the precarious nature of many Americans’ personal finances. According to a 2017 report by employment website CareerBuilder, 78 percent of American workers say they’re living paycheck to paycheck. As the economy reels from the coronavirus...
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