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

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

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

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

How Much Do You Really Know About Long-Term Care?

Nicole FloroLife, Retirement Planning, Tips

Separating some eldercare facts from some eldercare myths.  How much does eldercare cost, and how do you arrange it when it is needed? The average person might have difficulty answering those two questions, for the answers are not widely known. For clarification, here are some facts to dispel some myths. True or false: Medicare will pay for your mom or … Read More

Retirement Questions That Have Nothing to Do With Money

Nicole FloroRetirement Planning, Tips

Think about these matters before you leave work for the last time. Retirement planning is not entirely financial. Your degree of happiness in your “second act” may depend on some factors you cannot quantify. Here are a few of those factors as well as the questions they may end up provoking in your mind. Where will you live? This is … Read More

How the Tax Reforms Will Take Effect

Doug FloroRetirement Planning, Tips

There has been a lot of news, opinions, and confusion with the Tax Cuts and Jobs Act that was passed at the end of 2017.  I have never had a root canal and I am very thankful for that!  I do experience pain when it comes to taxes.  Let’s face it; we have a messy, complicated, and ever changing system … Read More

Prioritizing Debt

Nicole FloroTips

What is debt?  Debt can come in many forms: sort of good, bad, and evil.  If you ask Dave Ramsey, all debt is DUMB and cash is king! That sounds a little harsh, but is mostly true.  Sometimes debt is unavoidable and is your only option in a tight situation.  Debt can also seem like a good deal if the … Read More