Why Everyone Needs an Inheritance Strategy
Of all the financial strategies that many people have in place, an inheritance strategy is usually not one. Discussing estate planning amongst family members can be uncomfortable even with the best relationships, let alone discussing the contents of an estate strategy and what you may be inheriting after your loved one is gone. But having…
Read MoreDonations Needed – Food & Toiletries
Chesapeake Financial Advisors is hosting a food and toiletry drive from Wednesday, April 20, 2022 through Wednesday, April 27, 2022. Your Support The food and toiletry drive supports The Assistance Center of Towson Churches (https://www.actconline.info/). The center provides assistance to our neighbors in need in Northern and Central Baltimore County. What’s Needed Here’s a list…
Read MoreMorning Market Commentary for Q1 2022
We mentioned a couple of quarters ago that volatility was beginning to make its way back into this market. The evidence is now clear. There is no denying that this past quarter was one of the most volatile in recent years. There were many factors that stirred the pot this quarter. Turning the calendar is…
Read MoreManaging Bond Risks When Interest Rates Rise
After dropping the benchmark federal funds rate to a rock-bottom range of 0%–0.25% early in the pandemic, the Federal Open Market Committee has begun raising the rate toward more typical historical levels in response to high inflation. At its March 2022 meeting, the Committee raised the funds rate to 0.25%–0.50% and projected the equivalent of…
Read MoreTax Strategies for High Earners
Preparing a strategy that is both advantageous and tax-efficient might feel daunting at first. Thankfully, there are some things you can do now to keep from overpaying this tax season. Build Your Team of Professionals You might build a team for any number of pursuits, from organizing a baseball team to putting together people to…
Read More5 Empowering Investment Strategies for Women
On International Women’s Day this year, we had the honor of speaking to a group of professional women about financial planning strategies they can implement today. We wanted to share with everyone an overview of what we covered as so many could benefit from taking these simple strategies. Think about your life as it is…
Read MoreHow Your Money Mentality Changes in Retirement
Reaching retirement can feel like crossing the finish line at the end of a 30-, 40- or even 50-year-long marathon. What does retirement look like for you? Everyone reading this right now, probably just had a different answer to that question. Because everyone’s vision for retirement is different. Some people look forward to the endless vacation…
Read MoreThere’s Still Time to Contribute to an IRA for 2021
Even though tax filing season is well under way, there’s still time to make a regular IRA contribution for 2021. You have until your tax return due date (not including extensions) to contribute up to $6,000 for 2021 ($7,000 if you were age 50 or older on or before December 31, 2021). For most taxpayers,…
Read MoreWhat Is My Tax Bracket for the 2022 Tax Year?
It’s never too early to start looking at your tax obligations for the coming tax season. The information in this article is for the 2022 tax year, which most taxpayers will file in 2023. The seven 2022 tax rates themselves didn’t change (they are the same as those in effect for the 2021 tax year);…
Read MoreHow to Invest in Your Health in 2022
How to Invest in Your Health in 2022 Healthcare is one of the essential parts of life’s financial and personal journey. Many have not yet utilized all the financial tools that are available to you. We’re here to help you navigate your employee benefits packages to ensure you are maximizing all of your employee benefits…
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