Thoughts & Words from Andy

Nicole FloroLife, Retirement Planning, Tips

Let’s talk about staying invested, corporate bankruptcies, and Tesla taking over the auto industry.  Here we go: There is Always a Reason to Sell – A great chart that shows us there is always a seemingly logical reason to sell.  Recent headlines may make us think, “we should take some gains off the table,” or “we should wait until things … Read More

Market Behavior & The Economy

Nicole FloroRetirement Planning

As states cautiously begin the process of relaxing their COVID-19 restrictions, some are wondering, “Why is the stock market doing so well when the economy is doing so poorly?” It’s a great question, and fortunately, one that’s been answered before. To find the answer, we’ll need to dust off those economic textbooks of yesteryear and turn to the chapter on … 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

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

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