by Sgroi Lawley Group LLC | Jul 15, 2024 | Helpful Education, Investing and Financial Planning
Understanding Your 403(b) 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 private companies,...
by Sgroi Lawley Group LLC | Jun 26, 2024 | Helpful Education, Investing and Financial Planning, Retirement Planning
Mid-Year Financial Check In 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 review the...
by Sgroi Lawley Group LLC | Jun 15, 2024 | Helpful Education, Investing and Financial Planning
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...
by Sgroi Lawley Group LLC | May 31, 2024 | Helpful Education
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...
by Sgroi Lawley Group LLC | May 29, 2024 | Helpful Education, Investing and Financial Planning
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...
by Sgroi Lawley Group LLC | Apr 22, 2024 | Retirement Planning
Choices for Your 401(k) at a Former Employer Sgroi Financial One of the common threads of a mobile workforce is that many individuals who leave their job are faced with a decision about what to do with their 401(k) account.¹ Individuals have four choices with...
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