Insights
Financial Insights
SIMPLE IRA vs. SEP IRA
By: Josh Slocum, McClellan Wealth Management You, as an employer, may plan on retiring at some age, but may not be thinking about actually saving money for retirement. Luckily, there are different investment plans that could contribute to retirement — IRA plans....
IRA 101: The Different Types, Plus Pros and Cons
By: Josh Slocum, McClellan Wealth Management IRA stands for an individual retirement account. To simplify, one contributes money, either pre- or post-tax dollars, into an IRA where the funds can be then invested for the purpose of saving for retirement. Unlike...
401(k) Basics: What You Need to Know to Understand Your 401(k)
By: Josh Slocum, McClellan Wealth Management A 401(k) retirement plan is an employer-sponsored retirement savings program that enables employees to save for their retirement by making pre-tax contributions. No matter if you’re just starting your career or have been...
Finances: 3 Things Divorcing Couples Should Be Aware of
By: Josh Slocum, McClellan Wealth Management During the divorce process, most couples tend to focus on aspects like asset division, child custody, and ultimately, getting what they feel they deserve. What many often overlook during this stressful time is the...
Market Update: December 2021
Over the past couple of months, the market was a story of “two steps forward and one step back.” In just nine trading days, starting on Nov. 11th up until Dec. 10th, we saw the S&P 500 drop ~5.1. Heck, the NASDAQ dropped ~7.2% and the Russell 2000 dropped an...
