News and Commentary

Retirement Savings Contribution Limits for 2025 by Olga Ismail, AIF®

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Posted on December 15, 2024 by Olga Ismail

The IRS released the retirement savings plan contribution limits for 2025, raising the cap on pre-tax contributions to employer-sponsored plans, including 401(k), 403(b) and certain 457 plans. For individual retirement plan contributions, the annual limits remain unchanged. Employer-Sponsored Retirement Plans Employees may contribute up to $23,500 via salary deferral to their workplace 401(k), 403(b) and […]

Is Now the Time to Consider Insurance Products to Generate Guaranteed Income in Retirement? by Scott Montgomery, CLU, ChFC

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Posted on December 03, 2024 by Scott Montgomery

High interest rates and persistent inflation have raised red flags for many investors nearing or entering retirement. In this uncertain environment, soon-to-be retirees are increasingly turning to annuities to help diversify and protect their retirement savings while creating a steady and predictable income stream for all their remaining living years. Determining whether annuity products are […]

Rethinking Inherited IRAs After the SECURE Act by Lee F. Hediger

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Posted on November 28, 2024 by Lee Hediger

The SECURE Act’s elimination of stretch IRAs poses a challenge to many high-net-worth account owners who had hoped to pass their savings to the next generation and allow inheritances to continue growing tax-free over beneficiaries’ lifetimes. Under the law, non-spouse IRA beneficiaries must withdraw the entirety of inherited IRA accounts within 10 years of the […]

Relatable Finance Podcast Episode 159: Navigating the Shift to a Clean, Modern Energy Grid

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Posted on November 26, 2024 by

In today’s episode, the South Florida Finance Guys explore the dynamic forces that are transforming the future of our energy grid. As AI continues to evolve and the demand for clean energy grows, utilities and energy providers are compelled to rethink the technologies that sustain our modern way of life. Tune in to understand how […]

How Can an LLC Protect Physicians from Creditors, Litigation? By Sean Deviney, CFP®*

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Posted on November 20, 2024 by Sean Deviney

Physicians and other healthcare providers recognize the inherent risks of their profession, including legal and financial exposure to claims of medical malpractice. However, this professional liability is merely the tip of the iceberg when considering the legal minefield all professionals must navigate when operating a business, employing staff, owning property and even driving a vehicle. […]

3 Considerations Before Making a Roth Conversion By Robert Mark Weiss, CFA

Posted on November 13, 2024 by

Converting a traditional IRA to a Roth IRA can be a smart option for individuals seeking tax-free growth and the flexibility to take tax-free withdrawals in retirement or pass their savings to future generations free of federal income tax. However, employing this strategy contains significant financial implications that individuals must address and carefully plan for […]

Relatable Finance Podcast 158: Sequence of Return Risk: Are You Prepared?

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Posted on November 12, 2024 by

In this episode, the South Florida Finance Guys discuss the sequence of returns risk, a lesser-known but significant financial concept that can have a profound impact on retirees and anyone making large investments, such as a housing down payment. Sequence of returns risk refers to the order in which investment returns occur and how that […]

Social Security Administration Increases Recipients’ Benefits in 2025 by Lee F. Hediger

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Posted on November 06, 2024 by Lee Hediger

Social Security and Supplement Security Income (SSI) benefits will rise 2.5 percent for nearly 73 million Americans in 2025. This annual cost-of-living adjustment (COLA) translates to an average of $50 in additional monthly benefits. The annual COLA is tied to the Consumer Price Index (CPI), as determined by the Department of Labor’s Bureau of Labor […]

Helping Aging Parents Decide to Stay in Homes or Move Out by Brendan T. Hayes

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Posted on November 04, 2024 by Brendan Hayes

A harsh reality of getting older is the potential that physical and mental limitations can impact individuals’ quality of life and their ability to continue living independently. When individuals fail to plan for these possibilities, decision-making may fall to their adult children, who may not grasp their parents’ emotional ties to a family home or […]

Relatable Finance Podcast 157: Exploring Private Equity

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Posted on October 29, 2024 by

Private equity has experienced significant growth in recent years, but what exactly sets this asset class apart? In this episode, the South Florida Finance Guys explore the history of private equity, its unique structure, and the factors driving its recent surge in popularity. Whether you’re an investor looking to diversify or someone curious about the […]

Four Steps to Take Charge of Your Finances Now By Olga Ismail

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Posted on October 16, 2024 by Olga Ismail

In our busy lives, it is not uncommon to put off for tomorrow the things we do not have time for today. This is especially true for things that make us uncomfortable or require significant time and effort to squeeze into our already hectic schedules. However, by sweeping these issues under the rug, you are […]

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