November 2019 Monthly Recap

Don’t Forget to Set Your Clocks Back!

Daylight Savings Time ends this weekend, and it is time to “fall” back. Don’t forget to adjust your clocks back one hour on Nov. 3 at 2 a.m. and enjoy an extra hour of sleep!

Is Now The Time to Refinance? 

If you have been considering refinancing your home or even purchasing a home, now may be the time to do it. Mortgage rates are down 1.06% from this time a year ago. The average 30-year fixed rate is around 3.65% while the 15-year rate is around 3.16%. Rates are expected to continue to drop in 2020, potentially going as low as 3.4%. With rates near historic lows, clients should reach out to us to discuss the refinance process and see if it makes sense for their situation!

Sources: Forbes.com & Zillow.com 

Roth 5 Year Waiting Period Rules 

by Anne Zavaglica, CFP®

There are some unclear and misunderstood rules that exist for ROTH IRA distributions. Qualified distributions, which are both tax and penalty-free, are distributions that occur 5 years after the first ROTH IRA account is established, and the account holder is over the age of 59.5. For all other distributions, unless there is an exception, distributions may be subject to penalties and tax.

Read more! 

Ten Year-End Tax Tips for 2019

With 2019 coming to an end, there is a lot to think about when it comes to tax planning. Here are 10 things to consider as you weigh potential tax moves between now and the end of the year. Read more! 

Three Regrets of Retirees

A recent survey found that more than half of retirees have retirement planning regrets. Unfortunately, many of these retirees had to cut back on their lifestyles to compensate for financial shortfalls. Considering their most common regrets may help you avoid making the same mistakes. Read more!