This checkup covers all the important aspects of your life: family, goals, business or work, health, money, estate, retirement, and your future. It can help you identify those areas that could use some attention. After you’ve finished the checkup, taking steps now to improve your […]
View moreTEG Retirement & Advisory Services- Webinar: Midyear Outlook
Please join us in welcoming a very special guest from our own broker/dealer, Scott Brown who is an analyst with LPL Research. He serves a member of the LPL Financial Research investment management committee where he helps to develop and articulate market trends and technical […]
View moreTEG Retirement & Advisory Services- Webinar: Financial Wellness
Please join us on Thursday, June 25th for a conversation on Financial Wellness: Guidance for Each Stage of Life. Thursday, June 25, 2020 2:00 PM Featuring Jackie Wilke, Advisor Consultant Join us with special guest, Jackie Wilke, Advisor Consultant at First Trust Portfolios L.P.. With […]
View moreTEG Retirement & Advisory Services- 3 Things to Keep in Mind if Your Credit Limit was Recently cut
Nearly 40 million Americans have lost their jobs in the last nine weeks as the coronavirus pandemic has upended the economy, and financial institutions have already seen a major increase in deferment requests, delayed payments and forbearance applications. In an effort to reduce risk, major […]
View moreTEG Retirement & Advisory Services- Tax Planning Webinar
We hope you will join us for our upcoming interactive webinar that will help you learn what you should do and what you should avoid when it comes to taxes before and during retirement. The goal is to help you understand how the tax code […]
View moreTEG Retirement & Advisory Services- Weekly Economic Update Webinar
Webinar: Weekly Economic Update I am excited to share that another specialist will be joining us for our weekly LEXCO educational call on Thursday, April 23rd at 2:00 PM. This week we will feature a module called Keeping it in Perspective. It will cover what’s happened, […]
View moreTEG Retirement & Advisory Services- First Quarter 2020
Dear Friends, Without question, the last several weeks have been difficult for everyone. I’ve spoken to so many of you as we all look to better understand the new world that’s unfolding in front of us. Our commitment to keeping you well informed has never […]
View moreTEG Retirement & Advisory Services- Webinar
Our commitment to keeping you well informed has never been more stronger. Please know TEG Retirement and Advisory Services remains fully functional while working remotely. We have the full support of Lexco Wealth Management, our investment advisor and LPL Financial, our broken dealer. We are […]
View moreTEG Retirement & Advisory Services- What to do if your parents need a bailout
Often, adult children need some money from their parents. But what do you do when your parents need financial help? You won’t be alone. According to a 2019 study by the Transamerica Center for Retirement Studies, 8% of Gen Xers and 3% of boomers say […]
View moreTEG Retirement & Advisory Services- 5 Things You Can Do With an IRA That You Can’t With a 401(k)
–Jeffrey Levine, CPA/PFS, CFP® IRA or 401(k)? Know the key differences between these two popular retirement plans to ensure you are saving in the right account. Indvidual retirement accounts (IRAs) and 401(k)s share a lot of similarities. They are both retirement plans. They both can […]
View moreTEG Retirement & Advisory Services- 10 Rules to Know About Qualified Charitable Distributions
–Denise Appleby, APA, CISP, CRC, CRPS, CRSP If you are an IRA owner interested in donating to charity, a qualified charitable distribution may be an option. These 10 rules outline how a QCD should be done. Arguably, one of the biggest changes to the tax […]
View moreTEG Retirement & Advisory Services- Why The First Five Days Of 2020 Could Have Bulls Smiling
The first five days of 2020 are in the books. Although the headlines have been quite scary, equities have picked up right where they left off last year. In fact, after the first five trading days of the new year, the S&SP 500 Index is […]
View moreWhat You Need to Know About the Secure Act
The Setting Every Community Up for Retirement Enhancement Act of 2019 – the SECURE Act – passed the House of Representatives earlier this year and was approved by the Senate and signed by President Trump on the days leading up to Christmas. Incorporated into a […]
View moreAnnuity Options: Choices Abound for Today’s Retiree
As the earliest baby boomers begin to enter retirement, the various income guarantees and other living benefits offered through variable annuities (VAs) are gaining in importance. Yet before you rush to add a VA to your retirement funding scheme, take some time to understand what […]
View moreHow To Manage Risk in Your Portfolio
To most people, “risk” evokes negative images — driving faster than the speed limit, placing bets on “a long shot,” or traveling alone to unfamiliar places. Mention risk in terms of investing and people might think about losing their life’s savings. But in reality, investment […]
View moreIs the Roth 401(k) an Option for You?
Since it first became available in 2006, many employers have added the Roth 401(k) to their benefit packages as a retirement savings option. A Roth option is available for Individual Retirement Accounts (IRAs) and 401(k) and 403(b) accounts. To see if a Roth 401(k) would […]
View moreTEG Retirement & Advisory Services- Reducing Risk with Diversification
Diversification is a basic concept that’s critical to building a portfolio able to withstand the test of time. It is the process of spreading your money among a variety of securities to reduce exposure to any one investment or asset class. The premise behind diversification […]
View moreTEG Retirement & Advisory Services – Work With a Financial Advisor
The world of 50 years ago was a lot different than it is today. An individual often worked at the same job all his or her adult life, lived in the same house, and stayed married to the same spouse. In those days, too, one […]
View moreTEG Retirement & Advisory Services- Outlook 2020
Hindsight is 20/20, but finding clarity in future uncertainty can be fuzzy. AT LPL RESEARCH, as we look forward to the year 2020 and a new decade, some key trends and market signals will be important to watch, including progress on U.S.-China trade discussions, an […]
View moreTEG Retirement & Advisory Services- Am I Having Enough Withheld?
If you fail to estimate your federal income tax withholding properly, it may cost you in a variety of ways. If you receive an income tax refund, it essentially means that you provided the IRS with an interest-free loan during the year. By comparison, if […]
View moreTEG Retirement & Advisory Services- Tax Benefits of Making a QCD
At the end of 2015, Congress permanently extended the rule allowing taxpayers to exclude from taxable income certain individual retirement account (IRA) distributions made directly to a qualified charity. Otherwise known as qualified charitable distributions, or QCDs, such transfers can provide individuals who were already […]
View moreTEG Retirement & Advisory Services- Retirement Plan Rollover Options for Non-Spouse Beneficiaries
If you participate in an employer-sponsored qualified retirement plan, such as a defined benefit plan, 401(k) plan, employee stock ownership plan (ESOP), 403(b) plan, or 457(b) plan, you may have chosen a beneficiary to receive your account balance in the event of your death. If […]
View moreTEG Retirement & Advisory Services- Helpful Tax Tips before Year End
Tax planning can be more advantageous when done during the year and well in advance of year’s end. Opportunities may exist for you to minimize tax liability, which could leave more income for you and/or your family. Generally, people put off tax planning because paying […]
View moreTEG Retirement & Advisory Services: Putting The Bull In Perspective
The S&P 500 Index has closed higher five consecutive weeks, making six new all-time highs along the way. There now have been 19 new highs in 2019, tying the number we saw last year. There’s no doubt that this bull market has been incredibly impressive, […]
View moreTEG Retirement & Advisory Services- Bulls Stay in Motion
“An object in motion tends to remain in motion along a straight line unless acted upon by an outside force.” Sir Isaac Newton What a year it has been for the bulls. The S&P 500 Index recently made four more new highs, and it’s up […]
View moreTEG Retirement & Advisory Services – Building Health Care Costs into Retirement Planning
Health care planning is a sensitive subject that often takes you and your advisor places you don’t want to go. But given rising expenses, no retirement plan is complete without some kind of provision for health care needs. Here are some guidelines and resources for […]
View moreTEG Retirement & Advisory Services- Will The Fed Go Three For Three?
The Federal Reserve Bank (Fed) is widely expected to cut interest rates on Wednesday, October 30, which would be the third cut this year after nine consecutive hikes. The current fed funds rate target is 1.75–2%, with a 25 basis point cut likely happening this […]
View moreTEG Retirement & Advisory Services- How to Get Tax Savings on Charitable Contributions After 2018
Qualified charitable distributions from an IRA provide individuals over 70½ with a way to receive income tax savings on charitable gifts—even if they decide to take the newly increased standard deduction. For tax year 2017, 37 million income tax returns reported charitable donations. For 2018 […]
View moreTEG Retirement & Advisory Services – The Charitable IRA Transfer
If you are age 70½ or older and charitably minded, you may wish to consider tapping your individual retirement account (IRA). The qualified charitable distribution (QCD), also known as an IRA charitable rollover, allows you to donate up to $100,000 per year to qualified charities. […]
View moreTEG Retirement & Advisory Services – A Woman’s Guide to Health Care in Retirement
At any age, health care is a priority. But when you retire, you should probably focus more on health care than ever before. That’s why it’s particularly important for women to factor in the cost of health care, including long-term care, as part of their […]
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