Whether you are tired of piles of papers cluttering up your home or are trying to go “paperless,” it is important to know what documents you should keep and which you could shred. Below we list some of the important documents the Federal Trade Commission (FTC) suggests that you should always keep:
Baron Financial Group was happy to return to the ballpark to host a client-appreciation event at the spring-training home of the Baltimore Orioles. The March 24th game versus the New York Yankees ended with a win for the Orioles in the bottom of the ninth inning. Yankee and Oriole fans alike enjoyed the beautiful weather, the good food, and the exciting game! We are always happy to welcome the Oriole Bird to the suite!
James Suazo, ChFC®, is quoted on this topic, answering a reader’s question on NJMoneyHelp.com by Karin Price Mueller, “I want to retire. Should I use the 4% rule?”, originally published on February 22, 2023. The 4% withdrawal rate has been used over time as rule of thumb for withdrawals in retirement. However, we recommend reviewing your specific plan. What is your current ...
Phone scams and particularly Social Security phone scams are often in the news. The Social Security Administration (SSA) recently sent out a communication on March 9th for “National Slam the Scam Day”. Read more for tools to recognize Social Security-related scams and ways to protect yourself.
In recognition of Women’s History Month in March, and International Women's Day on March 8th, we felt it was important and timely to share this article on women and money, to reinforce the importance of women taking control of their finances. “Women and Money: Why It’s Important to Take Control of Your Finances” by Carrie Schwab-Pomerantz, was originally posted on March 4, 2020 on Schwab.com.
Baron Financial Group is proud to announce that Advisors Anthony Benante, CFA, and Victor Cannillo, NAPFA-Registered Financial Advisor, are recognized as 2023 Five Star Wealth Managers in New Jersey and have earned the Women’s Choice Award ® for Financial Advisors and Firms for 2023. You can read more about the selection criteria and methodology for these awards…
Congress passed new laws in the SECURE 2.0 Act of 2022, changing the age requirements for taking Required Minimum Distributions (RMDs) from retirement accounts, as well as increasing the catch-up contribution levels. As of January 1, 2023, individuals must begin taking required minimum distributions (RMDs)...
Most investors love economic and market forecasts. Forecasts are alluring because they provide an illusion of certainty. And our brain wants certainty. The problem is that we are looking for certainty in the wrong place. Unlike market and economic forecasts, our "forecast" is...
On November 22, 2022, the U.S. Department of Education announced an extension of the pause on student loan payments until the Department is permitted to implement the debt relief program or the litigation is resolved. According to the U.S. Department of Education:
On October 21, 2022, the IRS announced that the contribution limit for 401(k), 403(b), many 457 plans, and the federal government’s Thrift Savings Plan has increased to $22,500 for 2023. Below is a summary of the upcoming 2023 changes to retirement plan contribution limits...
The ANCHOR benefit application deadline has now been extended to January 31, 2023. This video presentation, originally published on October 11, 2022, has relevant information regarding the New Jersey program, but with the original application deadline of December 30th. The program provides property tax relief to NJ residents who either owned or rented their main residence on October 1, 2019 and met the income limits.
Many clients have been asking us about Series I Savings Bonds. Here are some details that you need to know to determine if I Bonds are right for you - they are typically best for someone who has additional savings, which they feel they may not need for the next 1-5 years.