Blog

The rules regarding inherited IRAs have changed in the last five years, and failing to comply with the new requirements may result in IRS penalties. These changes affect people inheriting IRAs and those looking to leave retirement accounts to heirs. How the SECURE Act...

Estate management isn’t just about what happens after you’re gone— it’s also about what you can do now to help manage future estate taxes, transfer wealth strategically, and attempt to create a meaningful impact during your lifetime. Many families recognize that...

With the average family health‑insurance bill now north of $25,000 a year and deductibles up nearly 50 % in the past decade it’s no wonder many households feel squeezed. But two powerful tools Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs), can...

The overwhelming majority of 401(k) plans have underperformed cheaper alternatives over the past decade, according to an analysis by Abernathy Daley 401 (k) Consultants, an administrator of corporate retirement plans. This trend is bound to continue unless substantive...

We plan vacations, birthday parties, and even weekly dinners—but too often, we put off planning for the unexpected. The truth is, having your estate planning essentials in place is one of the most loving things you can do for your family. Whether you’re starting a...

The halfway point of the year is the perfect time to pause, evaluate, and adjust your financial plan. Whether you're preparing for retirement or just getting started on your savings journey, a mid-year financial checkup ensures you're not leaving opportunities—or...

It’s graduation season—a time of celebration and new beginnings. For families with college seniors, this time can bring both excitement and uncertainty. While some graduates have jobs lined up, many others still are navigating job searches anxiously. The main reasons...

As summer approaches, your thoughts may drift toward escaping your daily routine. Whether your idea of a perfect vacation is sitting on a pristine beach, fishing in a mountain lake, or playing the back nine between pickleball matches, many of our clients have come to...

April marks National Financial Literacy Month, an important reminder of the critical role that financial literacy plays in safeguarding both personal well-being and our nation’s economic health. At Phoenix Financial Group, LLC, we believe that promoting financial...