Dash Grammer - Summit Financial Group LLC

Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. Learn more.

Financial Professionals do not provide specific tax/legal advice and this information should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation.

IRS raises contribution limits for retirement savings plans Americans will be allowed to contribute more of their money to 401(k) and similar retirement saving plans next year. The IRS said Friday that the maximum contribution that an individual can make in 2023 to a 401(k), 403(b) and most 457 plans will be $22,500. The IRS also raised the 2023 annual contr...

Here’s how to protect your money from a potential recession

Here's how to protect your money from a potential recession Whether or not the US economy falls into an official recession, there are still plenty of difficult financial and economic factors hitting investors and consumers. But there also are ways to limit their damage to your bottom line.

The first half of 2022 has been fraught with market volatility and all major assets classes being down substantially year-to-date. While it can be painful to see investments decline, the market environment may be providing a unique opportunity for long-term investors. It might be time to consider Roth conversion.

Roth IRA Conversions: A Technique to Consider in Down Markets Although no one likes to see investments decline, the market environment may be providing a unique opportunity for long-term investors.