David Suderman David Suderman

What To Do When Faced With Bear Market Rallies

Look beyond the emotional headlines and study the hard facts about bearsThe real value of a bear market may be that it gives investors, who are temporarily frozen within its grip, the opportunity to learn or relearn important lessons.

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David Suderman David Suderman

Life Insurance: How Much Is Enough?

You may already be aware of the importance of having enough life insurance coverage to handle financial matters that could affect your family in the event of your death. However, determining the appropriate amount of coverage for your family can be complicated.

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David Suderman David Suderman

New SECURE 2.0 Act 10% Penalty Exceptions

As you are likely aware, early withdrawals from an IRA, 401(k), 403(b), or other qualified retirement plans, in most cases, are subject to a 10% penalty. That means early withdrawals are taxed and an additional 10% is taken from the withdrawal as a penalty.

Historically, however, there have been numerous ways to avoid the penalty – if for example the funds were used for the purchase of a first home, higher education, or disability costs. While taxes could still apply to these circumstances, the 10% penalty wouldn’t. Now, there are new penalty-free access points to both IRA and company plan retirement accounts made available by the SECURE 2.0 Act update.

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David Suderman David Suderman

401(K) Rollovers Can Make Or Break Retirement

In an era characterized by high job turnover, it is more important than ever for employees to carefully manage their retirement savings. With a significant portion of Americans withdrawing money from their 401(k)s when they change employers, understanding the value of 401(k) rollovers is essential to preserving a confident financial future.

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David Suderman David Suderman

7 Ways To Save Money Quickly

We all have dreams in life, and oftentimes those dreams cost money. If you have a financial goal or responsibility coming up soon or simply want to build up an emergency fund, follow these tips to help you spend less and save money fast.

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David Suderman David Suderman

The Best Way to Invest Money: A Diversified Portfolio

The truth is that there is no single “best” way to invest money that will apply to every individual in every situation. Your ideal investment strategy should be based on your goals, time horizon and your risk tolerance. Some people also choose to invest in a way that reflects their values.

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David Suderman David Suderman

Compound Interest 101: The Benefits of Saving Early

You’ve heard the advice time and again: Start saving as soon as you possibly can so you can harness the power of compound interest. But when you have a savings account that only earns, say, 1 percent a year, you’re probably thinking, “What’s the point?”

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