Third Quarter Economic Update

Doug FloroQuarterly Review

The weather has changed, and we have turned the corner to the final quarter of 2019. Looking back at the third quarter it really wasn’t as bad as it felt.  As you review the numbers and commentary below, I think you will agree, we really can’t complain.  We’ve enjoyed seeing many of our Pennsylvania and New Jersey clients over the … Read More

Update from the Admin

Nicole FloroMFB Wealth Management Events, MFB Wealth Management Updates

As many of you know by now, Fall is a busy season for MFB events with all three of our main events happening within a four-month span.  We look forward to this time of year when we get to see many of you face-to-face and are introduced to new friends.  Below you can read about our annual American Funds Shareholder … Read More

Some Thoughts on Charitable Giving

Nicole FloroRetirement Planning, Tips

For those of you that don’t know me yet, I’m Jamie Shoup.  I have participated in three or four MFB events as well as seeing some of you at the Souderton office. I am one of the wealth advisors with the FSA team in Montgomeryville that has been partnering with MFB since 2017.  Some of you know us as the … Read More

How Medigap Choices Are Changing

Doug FloroRetirement Planning

Plan F is fading away, and Plan G may gain more popularity. As if the alphabet soup Medicare and supplemental insurance wasn’t already confusing, now we have some significant changes to certain plans coming in 2020. The cost for 2020 Medicare Part B has not been officially announced yet, but it is safe to say that there will be an … Read More

Eight Mistakes That Can Upend Your Retirement

Doug FloroRetirement Planning, Tips

Avoid these situations, if you can. Pursuing your retirement dreams is challenging enough without making some common, and very avoidable, mistakes. Here are eight big mistakes to steer clear of, if possible. No Strategy. Yes, the biggest mistake is having no strategy at all. Without a strategy, you may have no goals, leaving you no way of knowing how you’ll … Read More

What the SECURE Act Could Mean for Retirement Plans

Doug FloroRetirement Planning

If passed, it would change some long-established retirement account rules. Did you ever wonder why retirement savings accounts seem so confusing? We have the traditional 401(k), Roth 401(k), 403(b), 457, traditional IRA, Roth IRA, SIMPLE IRA, SEP IRA and profit-sharing plans. Each plan has certain quirks and rules.  So why do we have such a confusing mess? The House and … Read More

Qualified Charitable Distributions

Nicole FloroRetirement Planning, Tips

When you reach age 70½, they can be a new way of giving. For those that are of Required Minimum Distribution age (starts at age 70.5), giving directly from your IRA to a qualified charity can be a great strategy. This is especially true with the new tax laws and higher standard deductions. If you do use this strategy, it … Read More

Can You Handle the Truth?

Doug FloroLife

“You can’t handle the truth!” This famous line is from the 1992 movie A Few Good Men. In this intense scene directed by Rob Reiner we hear Col. Nathan R. Jessup, played by Jack Nicholson shout this five-word statement at Lt. Daniel Kaffee played by Tom Cruise. Col. Jessup (Jack Nicholson) has something to do with a coverup and in … Read More

An Executor Checklist

Nicole FloroLife, Retirement Planning, Tips

As a Certified Financial Planner, CFP® I need to have education, experience, an examination, and continuing education in five major areas of planning: Investments, Insurance, Taxes, Retirement planning, and Estate planning. One important piece of estate planning is naming an executor and/or executrix to handle your affairs when you pass on from this life.  This is a very important duty … Read More

Training Our Minds

Doug FloroLife

As many of you know, I serve as a volunteer with Liberty Ministries and I have the privilege of speaking to the men at our local county prison, Montgomery County Correctional Facility, throughout the year.  Liberty’s goal is “To bring Grace, Hope, and Transformation to those broken by incarceration in the Philadelphia region.”  I’d like to share a little bit … Read More