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One Big Beautiful Bill
Recent tax law changes under the One Big Beautiful Bill have introduced sweeping updates to tax rules, savings plans, and estate planning strategies. At Silver Penny Financial Planning, we want to ensure you’re aware of these important...
Read MoreThe 2024 Election and Investing
As you are aware, 2024 is an election year. We receive lots of questions asking how the election will affect market outcomes. One of the most common questions I hear is, “will the markets go down in an election year?” I do not have a...
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IRS 2024 Retirement Contribution Guidelines
The IRS Retirement Contribution Guidelines for 2024 are out. A few of the highlights include: The contribution limit for employees who participate in 401(k), 403(b), and most 457 plans, as well as the federal government's Thrift...
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The R Word
As 2023 started economists and media outlets were predicting a recession. It seemed like a textbook recession case right out of Econ 101. The year prior, 2022, humbled even the best investors and a declining stock market...
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Understanding the SECURE Act 2.0
Understanding the SECURE ACT 2.0While most of us were celebrating the holidays, Congress was busy pushing an appropriations act through both houses. This legislation includes what is referred to as the SECURE 2.0 Act of 2022...
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The IRS has new RMD Tables
The IRS has new RMD tables. What does this mean? A required minimum distribution, commonly referred to as an RMD, is a required distribution from a qualified, tax-deferred retirement account like a 401k or an IRA (although it does...
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Top 5 Things to Know Now About Student Loans!
Top 5 Things to Know Now About Student Loans!
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Mortgage or No Mortgage in Retirement?
By Charlotte C. Geletka, CFP® CRPC®, Managing Partner Silver Penny Financial Planning Should you have a Mortgage in Retirement? In the past the working to retired life transition went something like this: work for the same...
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