News from Kampstra Wealth Management

Estate Planning

Estate Planning

Estate planning can be one of the most misunderstood aspects of financial planning, however, it’s a vital part to ensure your assets and family are protected. Unfortunately, common myths convince many they don’t need to create or update an estate plan. Here are some estate planning myths and the reasons why having a documented plan is important for everyone.

COVID Brings Social Security Closer to Insolvency

COVID Brings Social Security Closer to Insolvency

Social Security’s long-term funding has been a concern for some time now. The Social Security Board of Trustees’ annual report released earlier this month indicates that if Congress doesn’t take action to address funding, benefits will be cut to 78 percent by 2034. This is one year sooner than previously projected, due in late part to COVID-19 drastically impacting American’s incomes and thus payments into the Social Security fund.

The Cycle 3 Restatement and What it Means for Your 401(k) Plan

The Cycle 3 Restatement and What it Means for Your 401(k) Plan

Every 6 years the Internal Revenue Service (IRS) requires business owners to update their 401(k) plan document (aka plan rule book) to catch up the plan on all recently passed legislation. You have until July 31, 2022 to make the necessary changes. It’s imperative to review your current plan design to make sure it matches the goals of your business and employee benefits offering. Below is a list of plan features that we’re reviewing with our business owner clients.

Late-Stage College Planning

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.

FINRA Broker Check

Learn more about Kampstra Wealth Management. Use FINRA's BrokerCheck to make informed choices about brokers and brokerage firms-and provides easy access to investment adviser information.

Kampstra Wealth Management

We’re established and active in our community.

The Central Pennsylvania region is our home too and we regularly participate in programs and projects to improve the overall quality of life.

Address

 37 S. 5th Street
Gettysburg, PA 17325

Phone (717) 334-0097
Fax (717) 334-9203 

Securities offered through Triad Advisors, LLC, Member FINRA / SIPC. Advisory services offered through Triad Hybrid Solutions, LLC, a registered investment advisor. Kampstra Wealth Management and Triad Advisors, LLC are not affiliated.