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Life Happens: Why Life Insurance Is a Necessity
If your family relies on your income, it’s critical to consider having enough life insurance to provide for them after you pass away. But too often, life insurance is an overlooked aspect of personal finances. In fact, according...
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5 Questions to Ask When Planning for Retirement
Many income sources contribute to your retirement fund. Your retirement plan might include taxable assets like mutual funds and brokerage accounts, tax-deferred assets like IRAs, 401(k) plans, pensions, and nontaxable assets like Roth...
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IRS Yearly Adjustments for 2022
The start of a new year brings yearly adjustments from the IRS, encompassing more than 60 tax provisions that adjust annually for inflation. Below are some of the changes that stand out the most and could have the broadest impact on...
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3 Estate Challenges for Blended Families
Preparing your estate can be complicated, and if you’re a part of a blended family, estate decisions can be even more complex and nuanced. Blended families take on many forms, typically consisting of couples with children from...
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Carpenter Financial Services Receives Recognition as a Top Affiliate of Avantax Wealth Management
Carpenter Financial Services has been recognized as one of the top affiliates of Avantax Wealth Management®, a leader in tax-advantaged financial planning. Only a handful of Avantax’s more than 3,000 affiliates are awarded...
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Your 4% Withdrawal Strategy May Not Be Enough
YOUR 4% WITHDRAWAL STRATEGY MAY NOT BE ENOUGH Get the Tax Guidance You Need to Help Live the Retirement You Desire There’s a lot of concern among industry experts about whether the popular 4% withdrawal rule can provide enough income...
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Carpenter Financial Services Visits Local High School to Teach Financial Literacy
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Is Inflation Peaking?
You see it in prices at the grocery store and the gas station. You feel it in your monthly budget. So why don’t the financial markets seem too concerned about inflation?Remember, financial markets are considered...
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2022 Contribution Limits
Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022.Staying put for 2022 are traditional Individual Retirement Accounts (IRAs)...
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Ready for Medicare Open Enrollment?
Medicare’s annual open enrollment period begins October 15 and ends December 7. During this time, current Medicare beneficiaries have the option to adjust their coverage for the coming year. Any changes to your plan will go into...
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Know your 401(k) options between jobs
Few life events are more stressful than a job loss. If you or someone you know is in this situation due to COVID-19, you’ll likely have several questions about job hunting, unemployment insurance, and health care. You may also...
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September Is National Life Insurance Awareness Month
September is National Life Insurance Awareness Month, so it’s a great time to review your coverage.1 If you don’t have any life insurance, you’re not alone. Life insurance is one of those “someday” things...
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Teenage Wage-Land
Summer jobs are a perennial aspect of the American workforce. It’s a time when teenagers are filling out applications and, in many cases, earning wages of their own for the first time. But some of what we’ve become...
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Are You Ready for the Second Act of the S.E.C.U.R.E. Act?
Recently, you may have seen headlines regarding the Securing a Strong Retirement Act, also referred to as the second version of the SECURE Act, or SECURE Act 2.0.As the bill moves from the House of Representatives to the Senate, many...
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A 6.1% Bump in Social Security?
The news keeps getting better for Social Security recipients.It's now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.1...
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Economic Lessons from Used-Car Inflation
Inflation is defined as the general upward price movement of goods and services in an economy. The key word is “general.” Inflation tends to be uneven and affects the price of some items more than others. If you’ve...
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Johnstown Financial Advisors Named to Premier Advisors' Forum
Brothers Sam and Joe Carpenter, have been named to the Avantax Wealth ManagementSM Premier Advisors’ Forum, which recognizes the top 75 financial professionals out of more than 3,000 across the country affiliated with the...
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