Vera Capital Management

Vera Capital Management Securities and Advisory Services offered through GWN SECURITIES INC.,a Registered Investment Advisor. Vera Capital Management & GWN Securities, Inc.

Member FINRA/ SIPC.11440 N Jog Road, Palm Beach Gardens FL 33418 • (561) 472-2700. are non affiliated companies. This is not an official site of GWN Securities, Inc (GWN) or its affiliates. The site may contain links that are contained on a third party website. GWN, its representatives or advisors do not endorse or accept responsibility for the content, or use, of the website. GWN, its representat

ives or advisors assume no liability for any inaccuracies, errors/omissions in or from any data or information provided on the pages. No part of this site is intended to make a recommendation or a testimonial for or about a security, service or product, to provide investment, tax or other advice. No strategy assures success or protects against loss. Past Performance is no guarantee of future results. IMPORTANT: We do not provide customer service or enable financial transactions through this site. Should you have questions or concerns that are specific to your account, please contact your representative. Never post personal, account or transaction information anywhere on this site. Services are only available in jurisdictions where the Representative is licensed and registered to conduct business. Please contact the Representative for a list of these states.

When Saving For Retirement:1. Create a budget: Set retirement goals and take into account income and monthly expenses to...
01/23/2023

When Saving For Retirement:

1. Create a budget: Set retirement goals and take into account income and monthly expenses to know how much you need to save per month.

2. Set automatic transfers: Set up transfers from your checking account to your retirement account, that way you don't forget to save.

3. Create an emergency account: Create a separate account to cover any unexpected costs. This should be 3-6 months of salary.

4: Pay down debt: Try to be debt free by the time you are 65. You don't want to enter you non-earning years owing money.

(Source: https://cnb.cx/3wdlpLz)

If you claim your social security benefits after full retirement age, you receive delayed retirement credits resulting i...
01/20/2023

If you claim your social security benefits after full retirement age, you receive delayed retirement credits resulting in an annual 8% increase to the monthly benefit received. These credits can be earned until age 70.

However, this does not apply if a person is claiming spousal or survivor benefits.

(Source: The Motley Fool)

FACT or FICTION: The Required Minimum Distribution Age Will Continue to IncreaseFACT: Americans now don't have to start ...
01/19/2023

FACT or FICTION: The Required Minimum Distribution Age Will Continue to Increase

FACT: Americans now don't have to start taking required minimum distributions (RMDs) until the age of 73. Previously in 2019, the age was raised from 70 1/2 to 72 and in 2033 the RMD age will likely increase again to 75.

What does this mean? Retirees can postpone withdrawing from their retirement accounts longer if they so choose.

(Source: MSN)

Grow your nest egg as tax efficiently as possible. One way is to invest as much as possible in your Roth IRAs. For 2023 ...
01/18/2023

Grow your nest egg as tax efficiently as possible. One way is to invest as much as possible in your Roth IRAs. For 2023 the Roth IRA contribution limit will be increasing. Even if you can only start small, it can pay off big!

(Source: Forbes)

Provisions of a bill called SECURE Act 2.0 come with 401(k) changes that may impact you. Here are six key changes from t...
01/18/2023

Provisions of a bill called SECURE Act 2.0 come with 401(k) changes that may impact you. Here are six key changes from the new legislation:

-The age for mandatory withdrawals will eventually increase to 75.
-Employees will be automatically enrolled in new 401(k) plans.
-Employers can offer emergency savings accounts linked to workers' 401(k) plans.
-Student loan payments may count as retirement contributions.
-Low- and middle-income workers' retirement plans can receive a government match.
-Catch-up provisions will increase.
(Source: US News)

Knowing when you want to retire and the lifestyle you wish to live are important goals and ultimately what your retireme...
01/16/2023

Knowing when you want to retire and the lifestyle you wish to live are important goals and ultimately what your retirement planning needs are based on.

Retirement planning has five steps: knowing when to start, calculating how much money you'll need, setting priorities, choosing accounts, and choosing investments.

Work with an advisor who will ask the right questions to help create your own retirement blueprint.

(Source: Nerd Wallet)

01/16/2023

Now that you have settled into the new year, it's time to review your overall financial plan. Let's talk about it!

Financial Fact Friday: Robinhood wants to be your retirement fund, offering a 1% matchRobinhood, a stock-trading app tha...
01/06/2023

Financial Fact Friday: Robinhood wants to be your retirement fund, offering a 1% match

Robinhood, a stock-trading app that became a favorite of the "meme-stock" crowd during the pandemic, has a new proposition: Open an Individual Retirement Account with the service and it will match 1% of the funds customers contribute.
The company, which rolled out its new retirement savings program in December 2022, said it is the only IRA provider to offer a match on investments — a feature that is typical in many employer-based 401(k) programs. In such plans, an employer will typically match a worker's 401(k) contributions up to a limit, often between 3% to 6% of their annual salary.
According to Census data, such matches are typically only available as an employer-sponsored benefit, and only 1 in 3 Americans has access to a corporate retirement plan.

(Source: CNCB News)

FACT or FICTION: New survey results suggest that investors grappling with today's economic environment are feeling incre...
01/05/2023

FACT or FICTION: New survey results suggest that investors grappling with today's economic environment are feeling increased pressure on their retirement plans and are facing more uncertainty about when they will be able to retire.

FACT: According to the Nationwide Retirement Institute’s eighth annual Advisor Authority survey, inflation has led both women (38%) and men (26%) to rethink when they can retire. The number of men and women with near-term retirement plans is extremely low. Just 2% of men and 1% of women plan to retire within the next five years. Women (44%) are more likely than men (28%) to agree that signs of inflation and recession have made them rethink where they can retire.

(Source: ASPA)

If You Delay Retirement, You Should Also Delay ThisAmericans are delaying their retirement for many reasons, including r...
01/04/2023

If You Delay Retirement, You Should Also Delay This

Americans are delaying their retirement for many reasons, including rising costs of living and longevity. Workers now typically plan to work into their 70s, as opposed to the past when they would try to hang it up around age 62.
If you're one of those people considering delaying your retirement, there's another thing you should make sure you do: Delay taking Social Security.
For more help figuring out your personal retirement plans, consider matching with a vetted financial advisor for free.

(Source: Yahoo Finance)

Wealth Wednesday Tip 730: Should You Make a Retirement Contribution Now or Save It for 2023?Making a retirement contribu...
01/04/2023

Wealth Wednesday Tip 730: Should You Make a Retirement Contribution Now or Save It for 2023?

Making a retirement contribution on Dec. 31, 2022 vs. Jan. 1, 2023 probably doesn't seem like a big deal to you, but it makes an enormous difference to the government. And since no one wants to give the IRS a reason to knock at their door, it's important to understand the implications of your decision.
In a perfect world, you'd be able to make a 2022 contribution now and set aside money in 2023. But when spare cash is in short supply, you have to weigh your options. Consider the information above and time your contributions based on what you think is best for you.

(Source: Buffalo News)

Inflation and other economic woes are forcing people to save less money and rack up credit card balances.Now, another wo...
01/02/2023

Inflation and other economic woes are forcing people to save less money and rack up credit card balances.

Now, another worrying sign the finance trackers are noticing is that an unusually large share of retirement savers are taking money from their 401(k) plans to cover a hardship.

Nearly 0.5% of workers in a 401(k) plan took a “hardship distribution” in October, according to CNBC. It is the largest share since Vanguard started tracking the issue in 2004.

(Source: Washington Times)

Address

1 Mill Ridge Lane, Suite 201
Chester, NJ
07930

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 9am - 6pm

Telephone

+19088882878

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