Tim Holubik - Financial Advisor - Megent Financial

01/13/2025

🔄 2025 IRS Update Alert!

Your workplace retirement contribution limits are getting a boost. Here's what you need to know:
↗️ Basic limit: $23,500
↗️ Age 50+ catch-up: $7,500
⭐ NEW! Ages 60-63 super catch-up: $11,250

What this means: If you're between 60-63, you could contribute up to $34,750 in 2025!
These increased limits will apply to most workplace retirement accounts, including 401(k)s, 403(b)s, and government TSPs. While IRA limits remain at $7,000 ($8,000 if you're 50+), this extra room in workplace accounts opens up new possibilities for your retirement strategy.

Just keep in mind that employers will need to opt in to offer the super catch-up provision. 💪


Source:

Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time.

08/21/2024

August has a more unsettling side for investors. It’s a month known for surprises—and not in a good way! In the past 44 years, investors have managed through seven exogenous shocks in August. Some have been worse than others, but you get the idea.

08/19/2024

08/17/2024

Our very own Tim Holubik and Tim Fitzgibbon participated in the Blue Island Firefighters Local 3547 Golf Outing this monring!

08/16/2024

When I meet with people, one of the first topics we discuss is "emergency fund" money.

Fortunately, households appear to be committed to saving for a rainy day. As you can see here, checking accounts and currency held by households is just a tick over $4 trillion, a steady increase from less than $1 trillion in 2019.

08/16/2024

Market volatility is part of the investing process. More than 7 times a year investors should expect pullbacks of 3 percent and, at least once a year (since 1928), investors should be prepared for a 10 percent correction. When viewed from a historical perspective, recent market activity isn't as abnormal as one might think.

08/13/2024

are trying to figure out how much the will cut rates in September. Join CIO Gene Goldman, CFA, on this week’s episode of as he lays out the data we’ll receive between now and then and how it could help determine that cut.

“Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), and Cetera Financial Specialists LLC. All firms...

08/13/2024

Read the latest weekly market update from Cetera Investment Management:

U.S. stocks recovered from early week losses that included a sharp 3% decline on Monday, closing out the week only fractionally lower. The Monday decline was the worst single day decline since September of 2022 and was induced by a disappointing nonfarm payroll report that caused concerns that the F...

08/06/2024

Risks have increased as U.S. stocks have fallen. Join CIO Gene Goldman, CFA, on this week’s episode of as he explains why a correction is likely – but a bear market is not.

“Cetera Financial Group” refers to the network of independent retail firms encompassing, among others, Cetera Advisors LLC, Cetera Advisor Networks LLC, Cetera Investment Services LLC (marketed as Cetera Financial Institutions or Cetera Investors), and Cetera Financial Specialists LLC. All firms...

08/06/2024

Market risks were high leading into the sell-off, but now investors may be overlooking a decent servicing PMI reading. Recession risks may be overblown. The latest market commentary from discusses this trend and what it could mean for future investing. Read more:

In this commentary we discuss the continued selloff in U.S. equities. Market risks have been rising and now recession fears stoked by a labor report are causing market volatility. Investors want an intra-meeting rate cut from the Fed but may not get it. We continue to think this pull back could be s...

07/30/2024

The meets this week to decide interest rate policy. Join CIO Gene Goldman, CFA, on this week’s episode of as he explains why he’ll be focused on Chairman Jerome Powell’s press conference to address inconsistencies from the Fed’s meeting just a month ago.
https://bcove.video/3ZLBnJB