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Changes to Inherited IRA’s

John Ruzza | Founder of Main Street Financial

Recap of changes to Inherited IRA’s There are several important tax considerations involving RMD’s (required minimum distributions) that every IRA beneficiary and any other retirement account holder should know, that came out of the SECURE 2.0 ACT. A “10 year rule” now applies to many beneficiaries of inherited IRA’s. Also, […]

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Does A High Income Guarantee Financial Security

Andy Mayer | Main Street Financial

For this month’s blog post I want to address a common misconception that “A High Income Guarantees Financial Security”  There are many people that believe that having a high income automatically ensures financial stability and security. However, it is amazingly easy for high income earners to find themselves lost when […]

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Values Based Investing

Joel Macyauski | Main Street Financial

What is values-based investing and is it for me? Values-based investing is an approach to investing that not only considers financial returns but also the ethical and societal impact of investments. The main idea of values-based investing is to align an individual’s investment decisions with their values and beliefs. When […]

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Give Now or Give Later……

John Ruzza | Founder of Main Street Financial

Give now or give later….. Over the years we have discovered that of all the ways you can use money (lifestyle, saving, debt/taxes & giving), giving is by far the area most of us are not content or satisfied with, in our current state of affairs. Why is that? It […]

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To Convert, Or Not?

John Ruzza | Founder of Main Street Financial

For many years now the decision to convert IRA money to ROTH IRA has both promoters and detractors. Why is that? Most of the fuss is over whether to pay taxes now or later. If you knew with certainty whether tax brackets would be higher or lower than where you […]

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