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Q2 2022 Market Recap
Uncertainty about inflation, the path of rate hikes, and concerns about a cooling economy resulted in further volatility during the 2nd quarter, extending the market’s pullback. Yields surged in the...
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When Is It Time to Hire a Financial Advisor?
When considering hiring a financial advisor, you may weigh several pros and cons and ask yourself several questions: What services does a financial advisor provide? What is it like being a client of a...
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Retirement Reform: What Secure Act 2.0 Means for You
Several pieces of legislation targeting retirement plans have been making their way through the Senate and House of Representatives this year. The House passed a version of the Secure 2.0 Act called...
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Climate, Tax, and Healthcare: What’s Inside the Inflation Reduction Act
After the Democratic party spent months crafting a piece of key legislation in the form of a climate, tax, and health care package, President Biden signed The Inflation Reduction Act into law on...
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What You Need to Know About I Bonds
Interest in I Bonds has skyrocketed as inflation reached levels not seen since the 1970s, and investors look for safer vehicles to invest their money and hedge against inflation. At Prosperity – An...
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MarylandSaves: What You Need to Know About the State’s New Retirement Savings...
MarylandSaves is a new state-sponsored retirement program targeting employees who work for private-sector employers that do not currently offer a retirement plan. The state program allows employees to...
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529 Plan Benefits: Is a 529 Plan the Right Education Savings Tool for Your...
Setting up your children for a successful future is a wonderful goal for parents. Many of us think of a 529 plan as a savings tool for college, but what if we have enough money saved in another...
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Q3 2022 Market Recap
Further tightening by the Federal Reserve continued to pressure both equities and bonds in the third quarter. The market rallied over the first half of the quarter as investors anticipated the Fed...
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401(k) and IRA limits are increased for 2023
On October 21st, the IRS announced updated 401(k) and IRA contribution limits for 2023. Qualified Retirement Plan Contribution Limits: The maximum amount someone can contribute from their own...
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MarylandSaves Developments
Earlier this year we reached out to let you know about MarylandSaves, Maryland’s new state-sponsored retirement program. This program requires Maryland employers that don’t already sponsor retirement...
View ArticleQ4 2022 Market Recap
Despite a 4th Quarter rally (the S&P finished up 7.1%), major market indices finished the year down reflecting surging inflation, Fed monetary policy, economic fears, and geopolitical events that...
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New Year, New You, New Financial Resolutions
As we head into 2023, we face market volatility, high inflation, and economic uncertainty that may have us setting financial resolutions in the new year. According to a survey by the Motley Fool, 66%...
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The Importance of Maintaining Participant Beneficiary Forms
There have been a number of court cases in recent years concerning the payment of death benefits from qualified 401(k) plans. Often the circumstances leading to these cases could have been avoided if...
View ArticleQ1 2023 Market Recap
Equities and bonds had a strong start to the year, with the Nasdaq having particularly strong performance, finishing the quarter up 17.05%. Broad strength in equities reflected positive economic...
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Q2 2023 Market Recap
Strong equity market performance in the second quarter reflected better-than-expected economic data and increasing evidence that disinflation is gaining traction. Expectations surrounding accelerating...
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2024 Investment Market Outlook
Coming into 2024, global financial markets are at an inflection point. U.S. 10-year Treasury rates have fallen from the 5.0% October 2023 peak to just under 4.0%.1 Stocks have rallied aggressively,...
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