Which category do your mutual funds fall into? Mutual funds have become a staple of U.S. portfolios, especially in employer-sponsored retirement plans. Each fund falls into a primary category, based on the fund’s objective and holdings. Overview If it seems like “everyone” owns a mutual fund in their portfolio, you may be on to something.

The banking industry wobbled in March following the closure of multiple banks. Fortunately, protections exist for investors and their assets if a brokerage firm or investment bank fails. Overview Silicon Valley. Signature. Credit Suisse. Deutsche Bank. In early March, several large financial institutions buckled under the combined weight of too many depositor withdrawals and varying

Social Security is a significant source of income for many retirees. Your financial professional can help you explore your options and make sure you’re getting the most retirement income possible. Overview For many Americans, Social Security is a primary source of income in retirement. But understanding how benefits work and when you should start your

Proactive tax planning isn’t limited to just “tax season” — it’s a year-round event. Your financial professional can help you deploy these three strategies to potentially optimize your income and lower how much you pay in taxes each year. Overview Credits and deductions. AGI. Capital gains. These words seem to be used more frequently recently

New legislation could bring big changes for people saving for and living in retirement Overview When Congress passed the SECURE Act in 2019, the new legislation included significant changes for retirees. Now, after months of debate and deliberation, Congress has approved SECURE 2.0. While the new legislation builds on the 2019 changes benefiting Americans in

Tax brackets, standard deductions and retirement contributions increased for inflation. New tax laws are set to take effect on Jan. 1. Tax brackets have expanded, while standard deductions and contribution limits to retirement accounts are higher. Gift tax limits and estate tax exclusion limits have also increased. Overview The start of a new year always