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Despite Concerns, Retirement Confidence Remains Steady
Nearly three quarters of workers and 77% of retirees in a recent survey said they remain at least somewhat confident that they will experience a comfortable retirement, according to the Employee Benefit Research Institute.
Read More5 Life Events That Impact Your Life Insurance Needs
Life insurance is there to help ease the financial trauma that comes with the loss of a spouse, parent, or partner. As you encounter different events in your life, you may need to review your policy and make changes.
Read MoreContinuing to Work After Drawing Social Security? What Retirees Should Know
You may associate Social Security retirement benefits with a key part of their name: retirement. However, you may continue working while drawing Social Security retirement or survivor's benefits, which could lead to a higher overall benefit
Read More4 Charitable Giving Strategies to Consider
Through charitable giving, you can support causes or organizations you believe in and lock in tax benefits simultaneously. Whether you’re new to charitable giving or a veteran, there are several strategies you should keep in mind.
Read MoreUnderstanding the Net Investment Income Tax
If your income hits a certain level, you may face an additional wrinkle in calculating your taxes: the net investment income tax (also referred to as the unearned income Medicare contribution tax).
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529 College Savings Plans: For Education and Estate Planning
529 plans are qualified tuition plans that allow state and federal tax-free withdrawals of earnings and have the potential for tax deductions, which help offset the increasing cost of secondary education.
Read MoreWhat to Do if You Underpay Your Taxes
Every year, there are taxpayers that underpay their taxes. It just happens. But if you do that, no matter how innocent your underpayment might have been, you can be subject to penalties. The IRS issued a statement to help those who underpay
Read MoreWorking During Retirement
Planning on working during retirement? If so, you're not alone. An increasing number of employees nearing retirement plan to work at least some period of time during their retirement years.
Read MoreTax Planning and Financial Planning Go Hand in Hand
With tax season coming to an end, it’s the ideal time to use this year's tax return to help update your financial plan. If you’re in the group of one in four Americans who do not already have a financial plan, it may be time to create your
Read MoreFANNG is now MAMAA
CNBC’s Mad Money host Jim Cramer created the popular FAANG acronym to denote some of the largest, most powerful companies in the world: Facebook, Amazon, Apple, Netflix, and Google. Recently, changes in those companies are...
Read More2022 Contribution Limits
Preparing for retirement just got a little more financial wiggle room. This week, the Internal Revenue Service (IRS) announced new contribution limits for 2022.Staying put for 2022 are traditional Individual Retirement Accounts (IRAs)...
Read MoreDrop off your Toys for Tots donation at Olympic Investment Group!
Olympic Investment Group is excited to announce that we are a Toys for Tots drop-off location this year! Help us spread the word! We will be accepting donations of children's toys for all ages during office hours, 8-4:30 Monday...
Read MoreWeekly Market Insights: Debt Ceiling Raised
The overhang of bumping against the federal debt ceiling was lifted last week with an agreement to extend the debt ceiling through early December, helping propel stocks to a weekly gain.The Dow Jones Industrial Average increased by 1...
Read MoreThe Fed Can't Keep a Secret
If you have a secret, don’t tell anyone at the Federal Reserve Bank. They may leak the story before you’d like.In early August, multiple regional Federal Reserve Bank presidents hit the speaking tour. They made headlines...
Read MoreWashington State Long Term Care Trust Act
Did you know if you are a W2 employee in Washington State you will start receiving payroll deductions on January 1st 2022? Washington state has passed the nation’s first public-operated, long-term care insurance program - The...
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