Understanding Your 403(b) Sgroi Financial Planning for retirement is a crucial aspect of your financial well-being, and one option available to many nonprofit employees is the 403(b) retirement plan. While many people are familiar with 401k plans offered by...
Mid-Year Financial Check In Sgroi Financial With July officially behind us, it’s time to face the facts: we’re in the second half of 2024. While there’s still plenty of time to enjoy the rest of summer, we encourage you to take this time as an opportunity to...
Benefits of Working During Retirement Sgroi Financial In the past, retirement has been portrayed as an ending, a grand exit from your years in the workplace. But the rules are shifting. Labor force participation among those aged 65-74 is predicted to reach 30.7...
Getting a Head Start on College Savings One study estimates the average cost of raising a child to the age of 17 for a middle-income family is about $310,605. As a point of comparison, the median home price in the U.S. was $417,700 at the end of 2023.1,2 If you...
IRA Withdrawals that Escape the 10% Tax Penalty Sgroi Financial The reason withdrawals from a Traditional Individual Retirement Account (IRA) prior to age 59½ are generally subject to a 10% tax penalty is that policymakers wanted to create a disincentive to use...
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