Grandparents who wish to help pay for their grandchildren’s college tuition will soon be able to contribute to a 529 college savings plan without reducing their grandchildren’s eligibility for federal financial aid. Upcoming changes to financial aid rules will do away with current rules, which have prevented many grandparents from contributing to a 529 plan for fear of decreasing the amount of federal aid for which their grandchildren will be eligible.

Back in late 2019, the first significant legislation addressing retirement savings since 2006 became law. The Setting Every Community Up for Retirement Enhancement (SECURE) Act has resulted in many changes to retirement and estate planning strategies, yet it also raised some questions. The IRS has been left to fill the gaps, most recently with the February 2022 release of proposed regulations which have left many taxpayers confused and unsure of how to proceed.

“Financially speaking, what would be the worst thing that could happen to you?” If you ask a hundred people in their forties that question, you may get a dozen different answers. Some may say “my business going under” or “losing my house.” Some might say “a divorce,” “a lawsuit,” or “being laid off.” But how many would say “a severe illness?”

Since the dawn of time, war and conflict have been with us throughout history, bringing with them their own horrors and uncertainty. Stock markets do not like uncertainty, and when war and conflict strike, stock markets will exhibit bouts of short-term volatility. Wars and conflict can and have led to sharp pullbacks in the markets.

Many investors today have not heard of Series I Savings Bonds. Series I Savings Bonds are bonds issued by the U.S. Government and offer 100% principal protection backed by the full faith and credit of the United States.

A recent survey confirms retirement now looks different for everyone, and there is no “right” path to retirement. Views on retirement differ by generation, with a majority of those surveyed envisioning their financial future will be different from their grandparents, parents and children.

“The one constant through all the years, Ray, has been baseball. America has rolled by like an army of steamrollers. It has been erased like a blackboard, rebuilt and erased again.” – James Earl Jones (Field of Dreams)

“Fast is fine, but accuracy is everything.” - Wyatt Earp

The current economic recovery - which has come out firing fast and has performed better than most would have expected – has no historical precedent.

“We always live in an uncertain world. What is certain is that the United States will go forward over time.” – Warren Buffett

A new firm has joined KerberRose Wealth Management, effective December 1, 2020. Scott Ciullo, Inc. dba MI Retirement Guys, LLC in Marquette, MI has merged with KerberRose Wealth Management (KRWM).

A growing family, by definition, means growing financial obligations – both in the present and in the future. Raising children can increase your insurance needs and heightens the urgency for being properly prepared.

You’ve probably heard the saying that “cash is king,” and that truth applies whether you own a business or not. Most discussions of business and personal “financial planning” involve tomorrow’s goals, but those goals may not be realized without attention to cash flow, today.

The saying goes, timing is everything, but not in the stock market. In the stock market, time is everything. More specifically, your time in the stock market, or how long you stay invested, is everything. Timing the stock market is extremely hard to do, even for the most sophisticated investors.

Many people believe estate planning is simply divvying up your assets after you die and is exclusive to the wealthy; however, it entails much more and applies to everyone. Proper estate planning ensures your family and beneficiaries are provided for and have access to your assets upon your temporary or permanent incapacity.

Financial generalizations are as old as time. Some have been around for decades, while others have only recently joined their ranks. Let’s examine a few.

Budgeting, healthy spending habits, long-term savings goals — these are all skills adult children should understand and practice on their own.

Like Gov. Evers, KerberRose Wealth Management hopes to educate our clients about the importance of saving for retirement and the many tools available to optimize your financial security upon leaving the workforce.

Much has been made of the current state of the American worker as it pertains to their retirement savings. According to a recent study by the General Accountability Office, 29% of Americans 55 and older do not have any retirement savings or pension plan and those who have saved are woefully behind with 55-64 year olds averaging $104,000 in retirement assets.1

Three Key Questions to Answer Before Taking Social Security - When to start? Should I continue to work? How can I maximize my benefit?