Fourth Quarter Economic Update

Doug FloroQuarterly Review

New Year’s Greetings and blessings from your MFB team! 2019 was a year of change for MFB and the Floro family.  It’s been such an encouragement to see God’s hand at work and the response from you as well as our friends and family.  We are looking forward with excitement to the challenges and opportunities of 2020. I would like … Read More

Update from the Admin

Nicole FloroMFB Wealth Management Events

As the calendar turns to a new year, it’s always a good time to reflect on the previous year and begin to plan for the year ahead. In 2019, we enjoyed the opportunity to spend time outside the office with many of you.  In September, we held our annual American Funds Shareholder meeting at the William Penn Inn.  We once … Read More

Malachi

Doug FloroLife, Tips

I recently had the opportunity to teach a six-week class on the Old Testament book of Malachi.  Chapter three has some well-known verses about tithing.  I have been asked my opinion on the subject many times over the past twenty years and I would like to share a few thoughts and scripture references with you. Most would certainly agree that … Read More

The SECURE Act

Nicole FloroRetirement Planning

Long-established retirement account rules change. The Setting Every Community Up for Retirement Enhancement (SECURE) Act is now law. With it, comes some of the biggest changes to retirement savings law in recent years. While the new rules don’t appear to amount to a massive upheaval, the SECURE Act will require a change in strategy for many Americans. For others, it … 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