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Key 401k Changes Coming in 2026: What You Need to Know
As we look ahead to 2026, several important changes are coming to your company’s 401k plan. These changes, ranging from higher contribution limits to new Roth contribution requirements for high earners, may affect how much you are able to contribute. Here are the key changes you should know. Higher Contribution Limits Each year the IRS makes an inflation adjustment to the 401k maximum contribution limits. In 2026 the new employee deferral limit increases to $24,500 for those
Steve Coker, CFP
14 hours ago2 min read
Getting Your Docs In Order for Aging Parents
Aging can be difficult, and at some point, many of us will need some help taking care of our own affairs. When that time comes, it is critical to have the appropriate documents in place giving a trusted family member or friend the authority to help. Unfortunately, many of us also neglect to create those documents, for ourselves and our aging parents. My wife and I walked beside her parents in their final years. It was difficult. Yet, we are so thankful that her parents th
Steve Coker, CFP
Nov 83 min read
Santa Claus Already Came to Town – Prospects Dim for a Year End Rally
It has been a fantastic year in the stock market! The S&P 500 is up 16% Year to date, bolstered once again this week by the Federal Reserve’s 0.25% interest rate cut. Earnings are strong, economic data is generally good, and inflation is running below expectations. The good news keeps coming – which is what has us worried. Market Sentiment This week market sentiment, as measured by the Investor’s Intelligence Bull/Bear Ratio, a measure of investors who expect the stock mark
Steve Coker, CFP
Nov 22 min read
Year End Tax Planning Opportunities 2025
This week we kicked off the year-end tax planning season with a webinar highlighting some of our key strategies for 2025. Since the “One Big Beautiful Budget Bill” or “OBBBA” passed in July, there is little uncertainty over tax law. Also, the “OBBBA” was generally favorable for taxpayers, making the existing tax brackets permanent and creating a few new tax breaks such as the senior deduction. As a result, most taxpayers will have a lower tax bill in 2025 when compared to
Steve Coker, CFP
Oct 242 min read
Giving with Joy
I had several conversations this week about the importance of giving. The Christmas season does, rightly, remind us that it is better to give than receive, but when we get down to writing those checks it can be hard. Why is that? How can I become a more generous person? How can I learn to give with joy? In my experience one of the most important first steps is to leave room in the budget to give. To spend less than we earn. Quite simply stated, the road to unhappiness is pave
Steve Coker, CFP
Oct 182 min read
