Could Custodial IRAs Help Young Adults Buy Homes?

Presented by Nicholas Wealth Management September 20th, 2021   Some parents and grandparents have that possibility in mind. Absolutely. Is that their only purpose? Not necessarily. This would obviously be a tall order for an adult, given current home values, yearly IRA contribution limits, and the priority of amassing retirement savings. How about for a…

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Recovering from COVID

Provided by Nicholas Wealth Management June 7, 2021 With COVID, there were some who believed that progress on this health issue was a necessary precondition to economic recovery.  In recent weeks, we have seen some promising trends emerge on the health front. The CDC is reporting the provision of 295 million vaccinations; 51% of Americans…

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2021 Limits for IRAs, 401(k)s and More

Provided by David Nicholas November 18, 2020 Numbers to know for the new year. On October 26, the Treasury Department released the 2021 adjusted figures for retirement account savings. Although these adjustments won’t bring any major changes, there are some minor elements to note. 401(k)s The salary deferral amount for 401(k)s remains the same at…

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Election 2020: Biden’s Policy Initiatives

Potential proposals and their legislative requirements. Now that several major news groups have projected Joe Biden the winner of the presidential election—and Congress appears divided with Democrats in control of the House and Republicans the Senate—it’s a good time to review what type of legislative support would be needed to pass certain proposals. The key…

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The Federal Reserve’s Unprecedented Moves

What they are and how they help. Provided by David Nicholas. In response to the COVID-19 pandemic, almost every state in America is under some sort of stay-at-home order. This unprecedented time has also led many businesses, large and small, to downsize or close up shop entirely. In response to the drastic impact that COVID-19…

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IRA Rollover Rules

According to data from the Bureau of Labor Statistics, the average person will have around 11 jobs over the course of his or her life. All those jobs can lead to a lot of variety in a life and a lot of different retirement accounts. When you leave a job, you get to hold onto…

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