C7 Capital Group

07/14/2022

The Social Security COLA for 2023 is projected to hit 8% or more, the highest in 40 years.

The actual COLA for the upcoming year will be announced in October.

Early signs point to a higher Social Security cost-of-living adjustment for 2023. That may put more money in retirees' wallets and impact the program's funds.

07/12/2022

Contributions to a Roth 401(k) account at work won't reduce your taxable income like contributing to a standard 401(k) account will, but with a Roth you won't pay income taxes on the money later as long as all IRS rules are followed.

Nor will you be subject to annual RMDs (required minimum distributions) on Roth accounts--those are mandated starting at age 72 under current law for all tax-deferred retirement accounts.

A Roth 401(k) offers elements of both a 401(k) and a Roth IRA. Here's what you need to know about this employer-sponsored retirement account.

07/09/2022

One piece of marriage advice that works for all aspects of your relationship is this: be honest with your spouse. This is especially true when it comes to talking about money.

Finding the best financial advice for newlyweds is important for your finances as a couple. Here are our 10 top money tips for newlyweds!

07/07/2022

Health care costs in retirement have gone up again.

Fidelity estimates $315,000 will be needed throughout retirement for a couple who has reached age 65.

Let's make sure health care costs are included in your retirement plan.

The true tab is more than seven times what most Americans expect.

07/04/2022

Happy Independence Day!

06/30/2022

When you think of money, do you feel like living in the moment and being responsible are mutually exclusive? Does guilt eat at you when you go out for lunch or a $7 oat milk latte?

You don’t have to think or feel this way, thanks to a flexible personal finance approach called conscious spending.

Being wise with your finances doesn't mean living with extreme restrictions. Conscious spending helps you be responsible and indulge in what you enjoy. These tips can help you get started.

06/28/2022

Unsurprisingly, inflation and rising expenses are the top concern among workers and retirees feeling less confident about retirement.

Annual inflation has crept higher since the survey in January, rising to 8.5% in March, according to the U.S. Department of Labor, affecting the price of everyday expenses like groceries, gasoline and housing.

Despite the pandemic, most Americans still feel optimistic about retirement, a survery finds. But inflation is a top concern for those who aren't prepared.

06/24/2022

It’s “Take Your Dog to Work Day!” 🐶🐕‍🦺

06/23/2022

Parents can talk about money with their children at an early age — as soon as their kids are in elementary school.

"Children need to learn from a very early age that money is not a scary concept," said Debra Kaplan, a licensed therapist, author and speaker.

06/21/2022

Hello, Summer! Do you have any trips planned?

06/19/2022

Happy Father’s Day!

06/17/2022

Annuities have always played a role in retirement planning, but with growing uncertainty and market volatility, their importance has boomed. They offer the chance for growth along with the protection of principal during market downturns which is guaranteed by the claims-paying ability of the issuing insurance carrier.

National Annuity Awareness Month is upon us! Let’s go over how annuities can be an...