Do you have financial goals? If so, are they short-term or long-term, or both? Maybe you don’t know the difference. That’s okay because we are going to discuss the difference between short and long-term goals and how to strategize for them. So, what is the difference between a short and long-term goal? We like to…
As we look back on the last twelve months, we can certainly say 2021 was quite a year. We continued to battle COVID-19 and re-assimilate into pre-pandemic life, we saw lots of market volatility and corrections, and helped many of our clients achieve major financial milestones. As we wrap up the year, we want to…
We’ve seen and learned a lot over the past year and living thru a pandemic. One action taken out of the pandemic has been estate planning and writing wills. Most of us might not think we have enough money to be eligible and qualified to have an estate plan. According to a 2020 survey by…
With everyone having increasing gains and thinking about giving back to charity given COVID-19, donor advised funds have become increasingly popular. To uncover how donor advised funds can benefit you and better your financial plan, we brought on expert Elizabeth Goldstein from the Jewish Federation of Greater Washington to Launch Financial to discuss donor advised…
With Thanksgiving and Giving Tuesday behind us and the end of the year only a month away, grandparents might be thinking about boosting up their grandchildren’s college savings accounts before 2022. It’s important to know that there are a few exciting changes to FAFSA rules for grandparent-held 529 accounts that will be happening in the…
Happy Giving Tuesday! Do you have a few old coats and socks laying around the house? If so, let’s do some good with them! Join Sherman Wealth and Launch Workplaces in our Sock and Coat Drive to support So What Else and their wonderful mission. Drop offs can be made at 9841 Washingtonian Blvd #200,…
As generational wealth continues to transfer, we are seeing a shift in the way today’s consumers are wanting to conduct relationships with those who are managing their money. According to a recent WSJ article, rich customers are changing what they want; they are shifting away from these bigger public companies and are seeking niched start-ups…
Happy November everyone! New retirement inflation-adjustments for 2022 have been released, and we want to provide you with a quick breakdown. Business owners and employees, this one applies to you, so don’t miss it. See Below For Retirement Inflation-Adjustments for 2022 IRA/Roth IRA contribution: $6,000 (no change) 401k/403(b)/457 deferral: $20,500 ($1,000 increase) 401k/403b/457 catch-up: $6,500…
We recently posted a video, blog and financial tips regarding the importance of creating and implementing an end of year financial checklist. As part of your annual checklist, a main focus during the month of November should be your employer’s open enrollment period. For many employers, open enrollment runs through early December. This year, as…
As we head into November, with only two months left in the year, the Democrats have just edited the Tax Proposal we have been discussing since March. Back door Roths were one of the few things that survived the new tax change proposal, even though they were in talks to be eliminated. Check out the…