In our last update, we mentioned that we have financial planning software that helps us determine how much you should potentially convert from IRA to Roth IRA accounts each year. If you’re interested in converting an IRA to a Roth IRA, now is a good time to get the ball rolling before the end-of-the-year rush.
Continue ReadingHello, and welcome to Summit Financial Consulting’s refreshed and relaunched blog. There will be plenty of market insight and useful information to be found here in the coming days and weeks, but with this post, we would like to re-introduce ourselves.
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A common concern among our clients, both young and old, is whether the Social Security Fund will ever run out of money. And if so, what will happen to the benefits that Americans are currently receiving or expect to receive at retirement? With the current forecasts, the Social Security fund may run out of money
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On August 22nd, 2025, Federal Reserve Chairman Jerome Powell addressed the annual Jackson Hole Economic Symposium. During his remarks, he noted that the Federal Reserve is considering a reduction in interest rates during its next meeting on September 17 due to persistent weakness in the labor market (MarketWatch). If interest rates were to be reduced,
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Parents often want to give their kids a financial head start but which type of account is best? We review non-qualified accounts, custodial accounts, 529 plans, and new tax-advantaged options. When we have a client who is set up for a successful retirement, we often see that their next goal is to help their children
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