David Suderman David Suderman

3 A’s of Successful Saving

No one needs to tell you that you need to save for your future—hopefully, you're already doing it. After all, no matter your age and how far away retirement is, you want to be able to enjoy retirement

Read More
David Suderman David Suderman

How Much Should I Save for Retirement?

Who doesn't have a retirement dream? Yours may be as simple as sleeping late or riding your bike on a sunny afternoon, or as daring as jumping out of a plane at age 90. Living your retirement dream the way you want means saving now—and saving enough so you don't have to worry about money in retirement.

Read More
David Suderman David Suderman

5 Habits of Successful Investors

Investing is not about “getting rich” or “playing the market.” It’s an essential part of achieving financial wellness. That means being able to meet your needs and the needs of those who depend on you as well as being able to set and achieve goals that go beyond merely being able to pay your bills and manage debts like mortgages, credit cards, and student loans.

These 5 steps can help you increase your investing success and achieve financial wellness, even when financial markets seem unfriendly.

Read More
David Suderman David Suderman

5 Common Money Mistakes to Avoid

Learning to balance all of your financial obligations with your short- and long-term goals is an important skill. Making these money mistakes may make it harder than it needs to be. Avoid some of these missteps to help set yourself up for financial success in the future.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More
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.

Read More