Papa Insurance Agency

08/27/2026

https://www.nbcnews.com/science/space/lunar-eclipse-2026-blood-moon-after-solar-eclipse-when-watch-rcna594576

Earth’s shadow will appear reddish orange on the lunar surface — the reason a lunar eclipse is also known as a “blood moon.”

08/19/2026

07/08/2026

Do you know the difference between the 2 types of 401k plans you may have at work?

Employees may have two 401(k) plan options — a traditional 401(k) and a Roth 401(k) — but many don't know the differences between the two plans.

Let's start with the similarities:

Contributions to both traditional and Roth 401(k)s, and any gains you earn, grow tax-free. Contribution limits for both types of plans are the same. Both types of 401(k)s are eligible for employer matching contributions, if offered.

How they are not the same:

Traditional 401(k)s are funded with pre-tax contributions, meaning you don’t pay taxes on the money going into your account. That's an upfront tax benefit. When you withdraw the money in retirement, it will be taxed as ordinary income. Depending on your tax bracket at the time, the tax savings from those pre-tax contributions can be quite a lot.

On the other hand, contributions to a Roth 401(k) are made with after-tax dollars. That means you can withdraw those funds in retirement tax-free, meaning you keep all of the accumulated growth.

-Taken from Kiplinger.com

07/03/2026

https://simplywall.st/stocks/us/tech/nasdaq-aapl/apple/news/apple-aapl-expands-foldable-iphone-plans-with-10-million-uni

05/15/2026

Start now! I can help!

11/20/2025

I can help you open up an IRA account.

Some important information for 2026:

✅ What’s New for IRAs in 2026

• Contribution limits for IRAs increase. The total you can contribute to all of your IRAs combined (traditional + Roth) will be $7,500 for 2026, up from $7,000. 

• If you’re age 50 or older, the “catch-up” contribution limit also increases to $1,100 for 2026, up from $1,000 in 2025. 

• These limits apply to all your IRAs in total, not per account. 

⸻

🧾 What This Means for Traditional & Roth IRAs

• Whether you use a traditional IRA or a Roth IRA, you must stay under the same combined contribution limit. 

• Your ability to deduct traditional IRA contributions (if you or your spouse has a workplace retirement plan) depends on income levels. The IRS sets income phase-out ranges that affect deductibility. 

• For Roth IRA contributions, eligibility (how much you can contribute or if you can at all) depends on your modified adjusted gross income (MAGI). 

⸻

👥 Who Gets the Benefit

• Individuals under 50: can contribute up to $7,500 in 2026. 

• Individuals 50 or older: can contribute up to $8,600 (i.e. $7,500 + $1,100 catch-up) in 2026. 

• Even if you have multiple IRAs, you still cannot exceed those limits combined, for all accounts. 

08/10/2025

Savings Account vs Mutual Fund

A savings account and a mutual fund are both places to put money, but they work very differently in terms of risk, return, and purpose. Here’s a breakdown:

⸻

1. Savings Account
• Purpose: Safe storage of money with
easy access (liquidity).
• Risk: Very low; in the U.S., most are
FDIC-insured up to $250,000 per
bank.
• Return: Low interest rates (often
0.01%–5% depending on the bank
and type of account).
• Liquidity: Highly liquid — you can
withdraw anytime (though some
savings accounts limit withdrawals
per month).
• Best For:
• Emergency funds
• Short-term savings goals
• Money you may need soon

⸻

2. Mutual Fund
• Purpose: Investment vehicle that
pools money from many investors to
buy stocks, bonds, or other assets.
• Risk: Varies — can be low (bond
funds) to high (stock funds)
depending on the fund’s holdings.
• Return: Historically higher than
savings accounts over the long term,
but not guaranteed — value can go
up or down.
• Liquidity: Can be sold on any
business day, but sale proceeds
usually take 1–3 days to settle.
• Best For:
• Long-term growth (retirement,
college fund)
• Beating inflation over time

THE PAPA AGENCY CAN HELP YOU START YOUR MUTUAL FUND

Tap Bob’s face below to get contact info.

All Insurance & Financial Needs!

07/19/2025

https://www.primerica.com/public/why-term-life-insurance-should-be-part-of-your-financial-game-plan.html

Find the latest personal finance tips, industry insights and community updates at Primerica.

02/24/2025

The Internal Revenue Service (IRS) has announced increased retirement plan contribution limits for 2025.
The maximum amount you can contribute to your retirement plan is $23,500. The age-50 catch-up contribution remains the same at $7,500.

11/24/2024

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