provwealth
provwealth
provwealth's articles
- December 24, 2024
Market downturns can be unsettling, but they also present opportunities for long-term investors. In this episode, the South Florida Finance Guys explore the contrasting mindsets of young investors who are steadily saving for the future and those nearing financial milestones, such as retirement. We also discuss key behavioral finance concepts…
- December 23, 2024
Employer-sponsored retirement-savings plans, including 401(k)s and 403(bs), are critical for helping businesses attract and retain skilled employees. However, due to government regulations and annual contribution limits, these qualified plans restrict highly compensated employees' savings opportunities and their ability to build enough wealth to maintain their standard of living in retirement…
- December 15, 2024
The IRS released the retirement savings plan contribution limits for 2025, raising the cap on pre-tax contributions to employer-sponsored plans, including 401(k), 403(b) and certain 457 plans. For individual retirement plan contributions, the annual limits remain unchanged. Employer-Sponsored Retirement Plans Employees may contribute up to $23,500 via salary deferral to…
- December 12, 2024
One of the many things individuals learned from the pandemic is that the unexpected can happen, and the best way to be prepared is to have a plan in place that meets your evolving circumstances. It is wise to proactively take stock of your physical and financial health throughout various…
- December 11, 2024
The IRS released its annual inflation adjustments to various provisions of the tax code for tax year 2025. It is important to recognize that some of these tax rates, limits and deductions available in 2025 are scheduled to expire at the end of the year under the Tax Cuts and…
- December 10, 2024
The U.S. housing market is facing one of the most challenging times in recent history. The shortage of housing supply has led to record-high prices and limited options, pushing home affordability further out of reach for many. But what caused this shortfall, and why is it so hard to fix?…
- December 3, 2024
High interest rates and persistent inflation have raised red flags for many investors nearing or entering retirement. In this uncertain environment, soon-to-be retirees are increasingly turning to annuities to help diversify and protect their retirement savings while creating a steady and predictable income stream for all their remaining living years…
- November 28, 2024
The SECURE Act’s elimination of stretch IRAs poses a challenge to many high-net-worth account owners who had hoped to pass their savings to the next generation and allow inheritances to continue growing tax-free over beneficiaries’ lifetimes. Under the law, non-spouse IRA beneficiaries must withdraw the entirety of inherited IRA accounts…
- November 26, 2024
In today’s episode, the South Florida Finance Guys explore the dynamic forces that are transforming the future of our energy grid. As AI continues to evolve and the demand for clean energy grows, utilities and energy providers are compelled to rethink the technologies that sustain our modern way of life…
- November 12, 2024
In this episode, the South Florida Finance Guys discuss the sequence of returns risk, a lesser-known but significant financial concept that can have a profound impact on retirees and anyone making large investments, such as a housing down payment. Sequence of returns risk refers to the order in which investment…