On October 12, 2022, we hosted an educational webinar on how to protect yourself from cybercrime and identity theft. Watch this video to learn more about: Why children are the biggest targets for identity thieves, how to recognize if your child's identity has been stolen, and practical steps you can take to protect them. How to recognize the various tactics used by fraudsters to trick you...
PKS Investment Advisors LLC is pleased to announce that Colton J. Hastings, CFP® has been authorized by the Certified Financial Planner Board of Standards (CFP Board) to use the CERTIFIED FINANCIAL PLANNER™ and CFP® certification marks in accordance with CFP Board certification and renewal requirements. The CFP® marks identify those individuals who have met the rigorous experience and ethical...
By: Gigi G. LeKites, CFP®, CRPC® Inflation is up, the market is down and now there’s talk about a recession! Just the idea of a recession makes the calmest person sweat. And what if a recession is coming? Is there something we should be doing to prepare? Yes, there are a few things you can do to prepare for a recession. However, first things first: don’t let it steal your joy! ...
For 2022, the amount you can sock away into your 401(k), 403(b) and most 457 plans will rise another $1,000 to $20,500. If you're at least 50 years of age, you can put away up to $27,000 thanks to catch-up contributions. The limit on "total additions" to those plans — that is your deferrals and employer contributions combined — rises to $61,000 in 2022 or $67,500 if you're at least 50. While ...
With autumn coming up, it's time to think about "harvesting" capital gains or losses from sales of securities. In addition, unfavorable tax law changes proposed in President Biden's American Families Plan (AFP) may create an added sense of urgency for some taxpayers. (See "Proposed Tax Law Changes" at bottom.) The Basics When you sell securities and other capital assets, the gains and losses are ...
On July 14, 2021, we hosted a live town-hall webinar offering a look ahead on various investment topics, as well as answers on top-of-mind investor issues. Watch this video hear unique insights on topics such as: is it the right time to invest at market all-time highs? government stimulus spending, inflation and national debt; Bitcoin and the “meme stocks”; market downturn mitigation ...
Nowadays, many employer retirement plans give employees the option of contributing to designated Roth accounts (DRAs). According to a 2020 survey, 75% of employer plans now offer DRAs, which are also known as Roth 401(k) accounts. If your employer offers this option and your income is too high to make annual Roth IRA contributions, contributing to a DRA is worth considering. This option also may ...
Retirement planning is a formidable task. First, you have to accumulate sufficient funds for retirement. Then, you need to make withdrawals sufficient to support your desired lifestyle without depleting those assets before you die. To increase your chances of meeting those goals, avoid these mistakes: Reducing your exposure to stocks too significantly. You don't want to run the risk that a major ...
Here's a little-known secret for parents planning to send their children to college in the future: Some of the tax-saving moves you make now could hurt your student's chances for getting financial aid later. That's because of the way the financial aid system treats different assets. Retirement plans and IRAs don't count for college aid purposes. You're not expected to break into these accounts to ...
