Update from the Admin

Nicole FloroMFB Wealth Management Events, MFB Wealth Management Updates

In Southeast Pennsylvania the presence of summer is not only evidenced by the calendar.  Just take a step outside and you’ll feel sweat start to form on your brow from the heat and humidity and you’ll hear the laughter of children enjoying the freedoms of school being out.  For many people, summer is also a time of travel.  This often … Read More

Quarterly Economic Update

Doug FloroQuarterly Review

We are entering the second half of the year and as far as the markets go, we have experienced a great run since the January 2, 2019.  The uptrend was not a straight line but as the second quarter ended, we approached new all-time highs.  Money from around the globe has flooded into the United States bond market due to … 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

Debunking a Few Popular Retirement Myths

Nicole FloroRetirement Planning, Tips

It seems high time to dispel some of these misconceptions. Generalizations about money and retirement linger. Some have been around for decades, and some new clichés have recently joined their ranks. Let’s examine a few. “When I’m retired, I won’t really have to invest anymore.” Society still sees retirement as an end instead of a beginning – a finish line … Read More

A Reminder from a Stuffed Toy

MaryGrace HolcombLife

Many years ago, I was enjoying a quiet afternoon at home … sort of.  The kids were away at college and my husband was still at work.  While I liked having time to myself, occasionally I thought it would be nice to have someone to chat with. I remember I went into my son’s room for one reason or another.  … Read More