SDSmith Financial

11/07/2024

Important Retirement Savings Changes Coming in 2025

IRS Changes for 2025!

10/30/2024

The Federal Reserve just cut rates for the first time since 2020, with more cuts likely on the way. Lower rates could mean savings on mortgages, credit cards, and even increased home-buying power! 🏡📈 But will this lead to economic growth or another recession?

Curious about how these changes could impact your finances? Read on to find out more, or reach out with any questions!

The Federal Reserve just cut rates for the first time since 2020, with more cuts likely on the way. Lower rates could mean savings on mortgages, credit cards, and even increased home-buying power! 🏡📈 But will this lead to economic growth or another recession?

10/17/2024

10/04/2024

The bond market's yield curve has briefly normalized, reversing a key recession indicator. This shift marks a change from recent trends, but its implications aren't straightforward.

Historically, normalization can precede economic changes. Coupled with a decrease in job openings, this could influence future Fed decisions. However, it's crucial to remember that no single indicator tells the whole story.

Key takeaway: This change is significant but doesn't guarantee economic direction. Multiple factors still influence market conditions, underscoring the importance of comprehensive analysis.

💡 Economic indicators are complex. When evaluating financial trends, always consider the bigger picture.


Source:

The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator.

10/02/2024

💼 Do you have old 401(k) accounts sitting with former employers? 💼

Changing jobs can be exciting, but it’s easy to lose track of your retirement savings in the process. Those forgotten 401(k)s might be costing you in fees, or worse, you could miss out on better investment opportunities.

🔍 Wondering what happens to those old accounts and how to consolidate them?
✅ Find out how you can locate and roll over your 401(k)s into an IRA for more control and flexibility.

📞 Ready to simplify your retirement? Schedule a call today to see if consolidating your old 401(k)s is right for you.

Read the full article here

Neglected 401Ks can be a detriment to your retirement plan. Even if you are not worried about retirement yet, you could be leaving money on the table and paying fees you don't know about.

09/23/2024

A pension plan is a wonderful retirement tool, but is it enough? See how a pension plan can affect your retirement number!

For many years, pensions were the go-to retirement plan for businesses and workers in the U.S. However, the 401(k) model has largely taken the lead. While pensions still exist—particularly for teachers, military personnel, and employees of traditional companies—most retirement guidance revolves ...

09/05/2024

The 401K is one of the greatest wealth builders in America. With tax benefits and company match, it is one of the most widely used retirement accounts. But what about the 401K Brokerage Window? How does that work? Find out here!

When you log in to check your 401(k) balance, you might notice an option labeled “Brokerage Window” or “Self-Directed Brokerage Account” (SDBA). But what exactly is this, and how can it impact your financial strategy? More importantly, could it be a valuable tool for enhancing your retiremen...