The Advanced Financial Group

11/30/2023

If you’re nearing retirement age, you’re likely planning a strategy for retirement account withdrawals. One thing to consider: your tax bracket. Learn how these withdrawals can impact your taxable income and how to manage them with taxes in mind: https://bit.ly/47B1Uhf

How you make retirement withdrawals will affect your tax brackets. This can be a fairly complicated issue. Depending on which plans you have, your retirement withdrawals might be considered taxable income, taxable capital gains or untaxed earnings. For each taxable segment of your withdrawals, the a...

11/23/2023

As we pause to think about the things in our lives we appreciate most, we want you to know we're thankful for you.

11/21/2023

Wondering what third-quarter market challenges and economic issues mean for your investments? Don’t miss Commonwealth CIO Brad McMillan’s Beyond the Numbers webinar where he shares his insights:

This is "Quarterly Commonwealth Call - Beyond the Numbers - Q3 - October 2023" by Commonwealth Financial Network on Vimeo, the home for high quality videos…

11/11/2023

Veteran’s Day

On this special day, we salute the brave men and women who have served our country. To all our veterans, thank you for your service and your sacrifice. Your resilience and determination inspires us all.

Today, let's go beyond the parades and thank-you’s to truly honor our heroes in a meaningful way. Here are some ideas to make today special:

• Listen to Their Stories: Spend time with a veteran and listen to their experiences. Their stories are a treasure trove of wisdom, sacrifice, and resilience. Your interest means the world to them.
• Donations to Veteran Charities: Contribute to reputable veteran-focused charities that provide financial assistance and resources to veterans in need.
• Volunteer: Get involved in organizations that assist veterans. Whether it's helping with job placement, providing companionship, or offering financial advice, your time can make a significant impact.
• Support Veteran-Owned Businesses: Seek out and support businesses owned by veterans. Your patronage directly empowers those who have served our nation.
• Educate Yourself: Take some time today to learn about the challenges veterans face, such as healthcare, mental health, and transitioning to civilian life. Knowledge empowers us to create positive change.
• Promote Awareness: Use your platform to raise awareness about veterans' issues and advocate for positive change. Together, we can work towards a better future for those who've served.

Let's make Veterans Day a day of action and gratitude.

10/30/2023

As we head into the new year, retirement plan sponsors should be aware of these SECURE Act 2.0 updates:

Year-end nears: Calendar-year retirement plan sponsors should prep for 2024 operational shifts, aligning with SECURE 2.0 retroactive fixes and 2023 rules. Compliance is key but no amendments are needed. Stay informed and prepared.

10/26/2023

Are you a millennial who is renting a home and feels a home purchase is out of reach? You’re not alone. Commonwealth investment research analyst, Joe Dunn, analyzes why buying a home is more difficult than ever and whether that might change in the near future: https://bit.ly/496kjUj

Commonwealth's Joe Dunn, investment research analyst, evaluates the barriers to homeownership—and whether there's any relief in sight for would-be buyers.

10/25/2023

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10/24/2023

Our phone system is currently down. We are working to get service restored.

10/16/2023

Medicare Part B premiums may be increasing, but the cost is lower than what some experts estimated. Interested in how much you’ll pay? Read on to learn what this means for you. https://bit.ly/3tFdf0s

Medicare premiums will rise by 6% in 2024, taking a bite out of Social Security's 3.2% cost of living adjustment. See what you'll be paying.

10/06/2023

Can we be optimistic that the markets will rally by year-end despite a bumpy ride in August and September? Commonwealth investment research analyst, Tom Logue, offers his insights: https://bit.ly/3LPCTpQ

After a turbulent couple of months, will markets rally by year-end? Commonwealth's Tom Logue looks to the historical data for answers.

10/04/2023

While U.S. indices may have been down for a second consecutive month, there are reasons to stay positive. Watch the latest Market Thoughts from Commonwealth CIO Brad McMillan for his analysis.

In his latest Market Thoughts video, Commonwealth CIO Brad McMillan discusses September's market and economic news and the potential risks ahead.

09/25/2023

Now that the mandatory Roth catch-up contribution provision was delayed until 2026, what optional SECURE 2.0 Act provisions should plan sponsors consider?:

When assessing optional provisions like emergency savings and student loan matching, Vanguard’s David Stinnett says plan sponsors should take a ‘data-driven’ approach.