CoreFirst Investment Services

12/15/2023

As you approach your 50s, steer clear of certain financial pitfalls, such as neglecting to plan (even if starting late), sacrificing retirement for children's education and overlooking costs for aging parents' care. Being prepared is crucial as you navigate life's transitions.

12/12/2023

Navigating your 50s on the path to retirement requires smart financial choices. Don't underestimate the value of strategic savings. Take charge by cutting costs, managing debt and considering an optimal living location to work towards the lifestyle you will want in retirement.

12/07/2023

The Federal Reserve has kept interest rates steady, citing the US economy's surprising strength. Here's what you need to know:

▪️ The central bank's policy rate remains in the 5.25%-5.50% range.
▪️ The Fed acknowledged that economic activity expanded at a strong pace in Q3. 💪
▪️ Markets are watching closely for any signs of further rate increases. 👀
▪️ Fed Chair Jerome Powell noted that job gains remain "strong" and inflation "elevated." 📊

This decision could have significant impacts on both businesses and households. Stay tuned for more updates!



Source:

The Federal Reserve held interest rates steady as policymakers struggled to determine whether financial conditions may be tight enough to control inflation, or whether the economy may need still more restraint.

12/04/2023

📅 Retirement financials can be stressful, especially when it comes to understanding the complex rules around required minimum distributions (RMDs) for retirement accounts. This year is particularly complicated due to a variety of requirement changes.

Here are a few things to keep in mind:
▪️ RMD rules have changed over the years, with the age requirement increasing from 70½ to 72 and now potentially to 73.
▪️ The rules for inherited IRAs are even more complicated, leading to penalties for missed RMDs.
▪️ It's important to know which account owners need to take an RMD and when.
▪️ If you skip or don't withdraw enough, there can be a penalty of up to 25% on the amount you should have withdrawn.
▪️ Requesting a penalty waiver is possible, but there's no guarantee it will be granted.

Stay informed and consult with a financial expert to navigate these retirement withdrawal rules effectively. 💼💡



Source:

Here's how to know if you need to take a required minimum distribution in 2023, according to an IRA expert.

11/30/2023

11/28/2023

As the year draws to a close, now is a great time to assess your financial health and make adjustments for a fresh start in the new year. Start with reviewing and making adjustments to your strategies for your spending, financial goals, credit, emergency fund, and tax strategies.

11/23/2023

Wishing you and your family a happy, healthy and safe Thanksgiving holiday surrounded by your loved ones.

11/21/2023

This , we celebrate the rich American Indian and Alaska Native peoples and reflect on the importance of their tribal lands that were and still are deeply a part of Indigenous heritage.

11/17/2023

This November, let's come together to celebrate and recognize what has been offered by our veterans and military families. 🎉 They have selflessly served our nation, protecting our freedoms and ensuring our safety. 🎗️ Join us in showing appreciation and love for these incredible individuals and their families throughout National Veterans and Military Families Month! ❤️

11/15/2023

November is National Veterans and Military Families Month! 🎗️ Let's take this opportunity to honor and appreciate the brave people who have served our country and the families who have stood by their side. 🙏🏼 Share your gratitude and support for our veterans and military families in the comments below!

11/13/2023

📢 Did you know that November is National Veterans and Military Families Month? 🗓️ It's the perfect time to educate ourselves about the challenges veterans and their families face while supporting organizations that provide assistance. 🤝 Let's spread awareness, share stories of resilience, and show our gratitude for their service.

🎗️

11/11/2023

Thank you to all our military personnel for the sacrifices you have made for our freedom.