Blog - North Light Financial Services

Cash Alternatives for Charitable Giving
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Cash Alternatives for Charitable Giving

Charitable Giving, end of year money moves

Cash Alternatives for Charitable Giving

Cash Alternatives for Charitable Giving Thinking about donating? Think of these choices. The year is winding down, and you may be thinking of giving. In fact, you may want to explore the different ways in which you can donate to a charity or non-profit organization, apart from just making a cash gift. Consider some of the alternatives. Keep in mind this article is for informational purposes only. It's not a replacement for real-life advice. Make sure to consult your tax [...]

By info@northlightfinancialservices.com|2021-12-22T11:51:52-05:00December 22nd, 2021|Charitable Giving, end of year money moves|Comments Off

End-of-the-Year Money Moves
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End-of-the-Year Money Moves

Retirement, Savings and Investing

End-of-the-Year Money Moves

End-of-the-Year Money Moves Here are some things you might consider before saying goodbye to 2021. What has changed for you in 2021? For some, this year has been as complicated as learning a new dance. Did you start a new job or leave a job behind? That’s one step. Did you retire? There’s another step. If notable changes occurred in your personal or professional life, then you may want to review your finances before this year ends and 2022 [...]

By info@northlightfinancialservices.com|2021-12-03T15:04:59-05:00December 3rd, 2021|Retirement, Savings and Investing|Comments Off

2022 Contribution Limits
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2022 Contribution Limits

401(k)/403(b), Retirement

2022 Contribution Limits

2022 Contribution Limits Is it time to contribute more? 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), with the limit remaining at $6,000. The catch-up contribution for traditional IRAs remains $1,000 as well.1 For workplace retirement accounts (i.e. 401(k), 403(b), amongst others), the contribution limit rises $1,000 to $20,500. Catch-up contributions remain at $6,500.1 [...]

By info@northlightfinancialservices.com|2021-12-03T14:58:34-05:00November 18th, 2021|401(k)/403(b), Retirement|Comments Off

401(k) Millionaires
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401(k) Millionaires

401(k)/403(b), Retirement, Savings and Investing

401(k) Millionaires

401(k) Millionaires What does this mean for your overall retirement strategy? Your workplace retirement account can play a critical role in your overall retirement strategy. However, some have gone further with the accounts than others, especially recently. CNBC reported on findings that place 401(k) accounts at all-time highs, with some even joining the much-desired “two comma club” of 401(k) millionaires. Average 401(k) balances jumped 24% from the previous year to $129,300. Also on the rise were overall contributions, with 12% [...]

By info@northlightfinancialservices.com|2021-10-14T14:35:39-04:00October 14th, 2021|401(k)/403(b), Retirement, Savings and Investing|Comments Off

How U.S. Savings Bonds Work
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How U.S. Savings Bonds Work

Personal Finance

How U.S. Savings Bonds Work

How U.S. Savings Bonds Work How to keep track of your savings bonds’ maturity dates. Did you buy U.S. Savings Bonds decades ago? Or did your parents or grandparents purchase them for you? If they’re collecting dust in a drawer, you may want to take a look at them to see if any of your bonds have matured. If your bonds have matured, that means they are no longer earning interest, and it also means you may want to consider [...]

By info@northlightfinancialservices.com|2021-10-14T14:30:16-04:00October 1st, 2021|Personal Finance|Comments Off