Richard Dodge, Licensed Agent with New York Life

08/31/2022

Fun fact: Fantasy football teams that start 3-0 in a 12-team league make the league's playoffs at an 85% rate!

Un-Fun Fact: 69% of young Americans do not think they have healthy financial habits (per Univ of Chicago).

A good start leads to success in fantasy football AND in your financial journey. I am happy to help with both! Let's set up some time to discuss.

08/29/2022

If you could work out for just 4 hours total in September and be in peak physical shape for the next year, wouldn't that be great?

Let's that same amount of time for your financial well-being. I look forward to helping you soon.

08/17/2022

This question was asked by a client today- here is some of the insight I shared with them:

•The cutoff date for retirement accounts is December 31st of each year, BUT if the contributions are made via payroll withholding then the transaction could take an extra pay period to process.

Why does this matter?

Contributions to traditional 401(k) plans are deducted from your tax bill, as long as they are made by the cutoff date.

How much can I contribute?

You can contribute up to $20,500 between your Pre-Tax and Roth 401(k) plans. If you are 50 years or older, that amount increases to $27,000.

*401(k) plans are not the same as IRAs. 401(k) plans are opened through your employer. IRAs are self-funded and self-managed. You can only contribute $6,000 annually to an IRA ($7,000 if 50 years or older).

Do you have a question? Text or call me at (904) 434 6865.

06/09/2022

Always a fun time at The River Club ! Great views, great food, and even better people.

We love a good networking opportunity as we mix & mingle in the heart of downtown Jax!

05/26/2022

I've always referred to Jacksonville as the "biggest small town" in the nation, and it's certainly not getting any smaller.

"The Bureau of Economic and Business Research (BEBR) at the University of Florida predicts that over the next ten years more than 800,000 new residents will move to the area.
BEBR also forecasts that over the next 25 years the population of metropolitan Jacksonville will more than double to more than two million people."

https://learn.roofstock.com/blog/jacksonville-real-estate-market #:~:text=The%20Bureau%20of%20Economic%20and,more%20than%20two%20million%20people.

Think there's no such thing as a market that's buyer-friendly and investor-friendly? Welcome to Jacksonville, Florida where you'll find both.

05/17/2022

Instead of fretting about falling markets, consider whether they are an opportunity to convert all or part of a traditional IRA or 401(k) plan to a Roth IRA. Here’s why.

There can be opportunities in falling markets. One of them might be the lower cost of converting to a Roth IRA.

05/16/2022

My dad always starts our Sunday dinners by saying "Thank you for gathering as family and friends and for blurring that line." This weekend was a reminder of how lucky I am to have a group that supports each other's endeavors equally.

In this picture with me are a Tax Associate, an Account Manager and Freight Broker, a Speech Language Pathologist, a Mechanical Engineer, and a new Dental Student. Most importantly, these are some of my best friends who have my back just like I have theirs.

"It's not about what you are doing, it's about who you are doing it with." I am thankful for these people, and am excited to see all that we accomplish together!

05/12/2022

I love good food, and it tastes even better when made by good people! Give Viva Mi Familia a follow so you can see their schedule and try them out.

What are some other good food trucks I need to check out?

04/11/2022

Last night, I had the pleasure of attending the 15th Annual Gala to benefit Nassau County’s chapter of Boys & Girls Clubs of America.

The power that we possess to ignite positive change in our communities is immense. When others share that same passion to improve their community, and then actually come together to turn words into action, it is inspirational.

I am so fortunate to have grown up in a loving environment and been given countless experiences and opportunities. In recognizing that, I know there are far too many children without that assistance and guidance. The Boys and Girls Clubs provide resources to help underserved children reach their full potential, a noble mission which I am honored to support.

I would love to know the causes that you are passionate about! Tag a charity or organization below.

03/18/2022

My name is Richard, but my neighbors call me whenever they need their grass cut or their kids need a baseball lesson.

My name is Richard, but my friends call me whenever they have a triumph to celebrate or are in need of a helping hand.

My name is Richard, but my clients call me whenever they have new goals to plan for or new situations to conquer.

My name is Richard Dodge, and you can call me anytime.

(904) 434-6865

02/22/2022

Why would one of the highest paid coaches in College Football want Life Insurance? Permanent policies provide living benefits. Contact me to find out more.

In addition to his $5 million salary, Michigan will loan Jim Harbaugh $4 million in 2016 and an additional $2 million for the following five years to pay the premium on a life insurance policy.

02/08/2022

https://fedguy.com/quantitative-hikes/

Rates hikes reduce the value of Treasury securities, a type of money in the financial system. The losses spill over into all financial assets.