Spinnaker Financial

09/03/2026

When was the last time your life insurance coverage was reviewed?

September is Life Insurance Awareness Month, a good time to revisit this important part of your financial strategy. Throughout the month, watch for information that can help you evaluate whether your current coverage still meets your needs.

08/05/2026

The Federal Reserve held interest rates steady at its July meeting, but the decision was not unanimous.

The Federal Open Market Committee voted 9-3 to keep the federal funds rate in a range of 3.5% to 3.75%.

Three regional Fed presidents voted against the decision, preferring to raise rates by 0.25 percentage points instead.

The split reflects ongoing concern about inflation, which has remained above the Fed’s 2% target for more than five years.

Recent price pressures have been tied to several factors, including tariffs and higher energy costs connected to conflict in the Middle East.

The Fed’s statement noted that economic activity continues to expand at a solid pace, while job growth has kept pace with workforce growth, and unemployment has changed little.

For households and businesses, the decision is a reminder that interest rates remain closely tied to inflation, borrowing costs, employment, energy prices, and the broader economic outlook.


Source:

Despite increasing support for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate in a range between 3.5% and 3.75%.

04/27/2026

04/22/2026

Happy Earth Day! Let's honor our planet and commit to sustainable practices. Together, we can create a healthier planet.

04/22/2026

Let’s celebrate the work of administrative professionals and their contributions to the workplace. Who do you want to celebrate? Drop their name in the comments!

04/18/2026

Without our valued clients, we couldn’t celebrate National Financial Advisor Day.

I want to thank our clients for trusting us to help them reach their financial potential.

04/15/2026

Tax Day is here. Happy filing! ....Did I really just say that?

04/14/2026

A newly introduced tax deduction aimed at older Americans could reduce taxable income for millions of households.

Under the proposal, individuals age 65 and older could claim an additional $6,000 deduction on their federal taxes. Lawmakers say the measure is designed to provide relief for retirees facing rising living costs.

If enacted, the deduction could apply to both single filers and married couples who meet income requirements. Supporters argue that the change may help offset later-in-life expenses for housing, healthcare, and everyday costs.

Because the proposal is still moving through the legislative process, details, which include eligibility thresholds and how the deduction would be phased in, could still change.

Tax rules can be complex, so it may be helpful to review any updates with a qualified tax professional. I’m always happy to connect if that would be helpful.


Source:

A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.