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Original commentary and content created by the PlanVest Financial Team.
PlanVest Financial Market Outlook: February 2023
IntroductionWith a very turbulent and challenging 2022 behind us, we would like to discuss some of our thoughts on the outlook for 2023. So far, major market indices are up for January, with the S&P500 up 6.6%, the Nasdaq up 10.7%, and...
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Federal Employees: Retirement Planning: A New Year’s Resolution?
As we approach 2023, have you given much thought to what your New Year’s resolution will be? According to a Government Business Council (GBC) study, only 42% of federal employees reported feeling adequately prepared for...
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Federal Employees: Do you Have a Tax Plan?
With TSP and IRA contributions limits rising for 2023, (see the changes here) it is a great time to revisit your tax situation. There may be opportunities to adjust your financial strategy to help save on your annual tax bill,...
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Have you Planned for a Potential Widow’s Penalty?
While life insurance can provide replacement for lost income if a spouse dies earlier than expected, there is another hidden financial burden that may arise when a spouse passes away: potentially higher taxes. Have you reviewed...
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NEW 2023 Thrift Savings Plan and IRA Contribution Limits
Last week the IRS announced 2023 cost-of-living adjustments for tax-advantaged retirement savings plans. These updates include the Federal Thrift Savings Plan (TSP).The contribution limit in 2023 for employees participating in 401(k),...
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Market Commentary October 2022
Our fiduciary advisory team at PlanVest Financial is monitoring several key areas that pose headwinds to US and global economic growth going into 2023. Some of the key items we are watching include:
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Federal Employees need to be mindful of this in 2023!
Federal Employees need to be mindful of this in 2023! The month of July saw promising returns in TSP accounts for many federal employees. However, while a return of 10.32% in the S fund may motivate individuals to go all in on a single fun
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What do inflation and market conditions mean for FEDERAL EMPLOYEES in 2023?
What do inflation and market conditions mean for FEDERAL EMPLOYEES in 2023? On July 13, the U.S. Bureau of Labor Statistics reported that the consumer price index (CPI), increased 1.3% from May to June of 2022. Inflation has risen to 9.1%.
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How will the NEW TSP Changes Impact your Retirement Goals?
Federal Employees need to be aware of recent changes to the TSP program. Read a summary of some key modifications that could have a significant effect on your retirement planning!
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PlanVest Financial Economic Commentary: June 2022
It is essential that investors remain mindful of their long-term financial objectives and acknowledge that although portfolio balances may reflect negative performance in recent months, losses are not “realized” unless investments are sold.
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