Bouchey Blog
Written by: Harmony Wagner, CFP®, CPWA ® The decision to retire is not just one decision, but the culmination of many smaller ones. A soon-to-be retiree faces questions that will affect their retirement success, such as when to take Social Security, to where they may want to live in retirement. While some of…
Written by: Catherine Buck, CFP® The Federal Funds Rate is the interest rate banks charge other institutions for lending overnight and is set by the Federal Reserve (Fed). It is one of the primary monetary policy tools the Fed uses to maintain their dual mandates of promoting maximum employment and price stability.…
Written by: Nicole Gobel CPA, CDFA® Do you or your loved ones have savings in IRAs or Roth IRAs? Do you want to understand how these assets will be taxed upon the owner’s passing? Prior to 2020 the rules around inheriting IRAs and Roth IRAs were relatively straight-forward but since then there have…
Written by: Scott Strohecker, CFP®, EA As you approach retirement, or if you are already in that phase, navigating the complexities of Medicare can feel overwhelming. The decisions you make regarding your healthcare coverage can have significant implications for your financial well-being. It is essential to be fully informed about Medicare so that you…
Written by: Paolo LaPietra, CFP® The question of whether to pay off your mortgage early or invest extra funds is a common financial dilemma, and the answer is not always straightforward. The landscape for making this decision has evolved significantly, especially in 2024, with higher yields on safe investments challenging traditional wisdom. Here’s a detailed discussion…
Written by: Vincenzo Testa, CPA, CFP®, ECA When it comes to managing your retirement savings, one critical decision you might face is what to do with your 401(k) when you leave a job. Often, individuals are presented with the option to roll over their 401(k) into an Individual Retirement Account (IRA). This…
Written by: Martin Shields, CFP®, AIF® In 2024, you can contribute $7,000 annually to a Traditional IRA and if you are 50 and over you can contribute an additional $1,000. The primary way to contribute to a Traditional IRA is through pre-tax contributions. Pretax contributions are a powerful way to save for retirement because they…