Last updated 6/20/23
MSA Money Coaches provide thousands of financial consultations each month to members from all different walks of life. Our Trending Topics segment is compiled from current financial news and an analysis of the needs and goals represented by our members each month.
Every budget can feel the pinch of inflation, and this can make it difficult to maintain or grow savings account balances. Recognizing that most individuals are struggling to grow their retirement savings, the government passed the Secure Act 2.0 at the end of 2022. Hear Money Coaches discuss the Act, the timelines, and which provisions may allow employees to save more for retirement. They will also discuss strategies for managing spending, especially if repayment of federal student loans is in their future.
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Information provided in this post is for informational purposes only and is not intended to offer specific personalized investment, financial planning, tax, legal, or accounting advice. We recommend that you consult an attorney, tax advisor, or accountant regarding your unique circumstances.
On August 16th, President Biden signed the Inflation Reduction Act, which includes incentives for consumers to purchase energy-efficient products. In this Trending Topics segment, Money Coaches will discuss how these incentives might positively impact budgets and a few caveats you should know.
As inflation measurements continue to rise and most signs point to interest rates increasing, securities markets remain volatile. Money Coaches talk about time-tested investment principles that investors may want to keep in mind if they are concerned about their holdings or valuations.
As we approach the end of the year, there are several financial best practices MSA Money Coaches like to bring to members’ attention. Examples include newly announced 2024 IRS contribution limits for employer-sponsored retirement plans and ideas for reducing spending as the holidays get closer.
After more than three years of federal student loan payments being deferred, borrowers are expected to begin payments in October. In this segment, Money Coaches discuss important steps to take now to avoid...