2022 brings several key changes that may affect financial planning. Changes to key contribution limits, income phaseouts, and required distributions for IRAs, 401(k)s, and health savings accounts (HSA) could impact you. Inflation was a hot topic in 2021. As a result, social security benefits also saw a noticeable bump this year.

As much as we would like to imagine we are capable of rationality, studies of investor behavior indicate we are far from logical and, at times, are capable of incredible irrationality.

When investing our own money our judgment is often clouded, leading us astray and resulting in the implementation of portfolios with sub-optimal risk-return profiles.

Saving for retirement can be a daunting task. We illustrate the relationship between age and income to help benchmark retirement savings. This offers some important lessons.

The Biden administration has rolled out a three-part fiscal agenda that proposes raising revenue through higher taxes on wealthy individuals, corporations, and estates. At this juncture, these are still far from turning into law; however, it is important to consider the implications now. Careful tax planning and review of estate planning strategies will be important for high-income earners and wealthy households.