News from Kampstra Wealth Management
Should You Use Your Retirement to Pay for College?
College costs have exploded over the last twenty years. Most parents and some grandparents find themselves fighting a battle on two fronts: saving for retirement and college at the same time.
Is it worth tapping your IRA to help pay for college?
How Prevailing Wages Can Transform Your Business
Our webinar on how prevailing wages and fringe benefits can transform your business.
Late-Stage College Planning
If your child is approaching college and you’re behind on education savings, it can feel like hitting the snooze button too many times. But it’s okay — there’s still some time to potentially address college costs.
Here are a few basic tips to save some money when you’re up against the college deadline.
Department of Labor – Electronic Disclosure Rules
The new safe harbor permits delivery of covered documents via website or email.
Used Car Inflation
The overall rate of inflation has been 5% for the past 12 months. Meanwhile, the average price of a used car is up 30% from a year ago. As the market shifts, some people who bought used cars may learn another key economics lesson: they might owe more for their car than what it’s worth as prices return to historical levels.
Measuring Financial Wellness
Establishing financial wellness metrics has become increasingly important over the last year. The COVID-19 pandemic has created economic hardships for many American families, depleting emergency funds for some and forcing others to take on additional debt to cover necessary expenses. At work, the resulting stress can lead to increased absenteeism, decreased productivity and greater health care costs for plan sponsors.
How a Cash Balance Plan Can Propel Your Retirement
Learn What a Cash Balance Plan is, and how it can benefit your business and employees.
Social Security Bump
It’s now projected that benefits will increase 6.1% in 2022, up from the 4.7% forecast just two months ago. That would be the most significant increase since 1983.
Debt vs. Savings – The Million Dollar Question
better to use my income to pay off debt or save for retirement?” Not all debt should be treated equally. The trick to knowing when to prioritize debt over savings vs. savings over debt lies in whether it’s “good debt” or “bad debt,” as well as the interest rate associated with it.
To Bundle or Not to Bundle — What’s Best for Your Business Is the Question
Whether to use bundled or unbundled service providers is an important decision for your retirement plan. A fully bundled arrangement provides an easy, one-stop shop for services, while unbundling separates functions and uses a third-party administrator (TPA), distinct...
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37 S. 5th Street
Gettysburg, PA 17325
Phone (717) 334-0097
Fax (717) 334-9203