Matthews Financial Services

11/14/2024

There are many ways to climb a mountain, just as there are many styles of investing. Which style suits you? Watch this video to learn more:

Learn about what risk tolerance really means in this helpful and insightful video.

11/13/2024

NASA's Parker Solar Probe is about to make an incredible journey. Here's what's happening:

🌎 First up: A final dance with Venus (Dec 6)
The probe will use the planet's gravity like a cosmic slingshot to adjust its path toward its ultimate destination - our sun.

☀️ Then comes the main event on December 24th: Parker will break its own record by swooping within 3.86 million miles of the sun's surface. To put this in perspective, it'll be close enough to surf through actual solar plasma, like a cosmic surfer diving under a solar wave!

Here's the twist - the probe will be so close to the sun that NASA will lose contact with it for three days.

Talk about taking social distancing to new heights! When it reconnects on December 27th, it'll have stories to tell about the hottest journey any human-made object has ever made. ✨

NASA is gearing up for its Parker Solar Probe to do a final flyby of Venus on Wednesday on its way to make a record-breaking attempt to get close to the sun.

11/12/2024

Even low inflation rates can pose a threat to investment
returns.

Even low inflation rates can pose a threat to investment returns.

11/11/2024

🔄 2025 IRS Update Alert!

Your workplace retirement contribution limits are getting a boost. Here's what you need to know:
↗️ Basic limit: $23,500
↗️ Age 50+ catch-up: $7,500
⭐ NEW! Ages 60-63 super catch-up: $11,250

What this means: If you're between 60-63, you could contribute up to $34,750 in 2025!

These increased limits will apply to most workplace retirement accounts, including 401(k)s, 403(b)s, and government TSPs. While IRA limits remain at $7,000 ($8,000 if you're 50+), this extra room in workplace accounts opens up new possibilities for your retirement strategy.

Just keep in mind that employers will need to opt in to offer the super catch-up provision. 💪

Contribution limits for 401(k) and other workplace retirement plans rise for 2025. Sixty- to 63-year-olds get a super contribution for the first time.

11/11/2024

Today, we recognize and thank the courageous men and women who have served our nation.

Your sacrifice and commitment inspire us deeply, and we are grateful for your dedication.

Wishing everyone a meaningful Veterans Day. 🎖️

11/07/2024

Stocks edged lower in October amid pre-election jitters and solid Q3 earnings reports, while investors kept a close eye on economic data pointing to a potential "soft landing."

Monthly Market Insights | November 2024 U.S. Markets Stocks fell in October as pre-election jitters hung over trading while solid but not spectacular Q3 corporate reports failed to buoy spirits. The Dow Jones Industrial Average fell 1.34 percent, while the Standard & Poor’s 500 Index (S&P 500) sli...

11/07/2024

What will your family do if you can't earn an income? Here are steps you can take today.

This calculator estimates your chances of becoming disabled and your potential need for disability insurance.

11/06/2024

The latest Reuters poll of 500 economists reveals an encouraging outlook: global economic growth is expected to maintain a solid 3.1% pace this year, with a projected 3% for 2025.

This marks a significant upgrade from earlier forecasts, primarily driven by unexpected economic resilience.

The U.S. continues demonstrating remarkable strength, outpacing its G10 peers with 2.6% growth this year. Meanwhile, Asia shows broad resilience, with India leading as the fastest-growing major economy.

Japan's recent performance even suggests potential shifts in its long-standing monetary policies. Looking ahead, most economies are anticipated to see lower interest rates, though the U.S. may follow a different path. 🌐

Global economic growth will maintain its robust pace next year as major central banks implement a series of interest rate cuts against the backdrop of a strong U.S. economy, according to a Reuters poll of around 500 economists.

11/05/2024

Does your cover you if you get into an accident with an uninsured driver?

You’re hit by an uninsured driver. Now what? Are you protected against financial losses?

11/04/2024

Scientists have just uncovered what may be an ancient Mayan metropolis hidden beneath the jungles of southern Mexico. Researchers used advanced laser technology to detect over 6,400 structures across 47 square miles.



This newly discovered city, named Valeriana, could rival the density of the famous Calakmul settlement.



The findings include temple platforms, ceremonial ball courts, housing areas, and even evidence of agricultural engineering dating back to 250-900 A.D.



What's particularly intriguing? This discovery suggests the ancient Maya civilization was far more extensive than previously thought, transforming our understanding of how these remarkable people lived and ruled. 🏛️

Archaeologists using laser-sensing technology have detected what may be an ancient Mayan city cloaked by jungle in southern Mexico.

10/31/2024

🎃👻 Happy Halloween! 👻🎃

It’s that spooky time of year again—time for costumes, candy, and a little Halloween magic! Whether you’re trick-or-treating, dressing up, or enjoying some scary movies, make sure to stay safe and have a fang-tastic time!

🕸️ Wishing you a night full of fun, frights, and lots of treats!

What’s your favorite Halloween tradition? Let us know in the comments! 🎃👻

10/31/2024

What steps might help you sustain and grow your retirement savings? This piece explores them.

Steps to help you sustain and grow your retirement savings.

10/30/2024

The IRS has released the 2025 tax brackets with a 2.8% inflation adjustment—the smallest increase in several years.

Here's what's changing:
➡️ Standard deduction for married couples filing jointly rises to $30,000
➡️ Single filers' standard deduction increases to $15,000
➡️ Annual tax-free gift limit grows to $19,000 per recipient
➡️ Estate tax exclusion reaches $13.99 million (up from $13.61 million)
➡️ Earned Income Tax Credit maximum increases to $8,046 for qualifying families

Understanding how tax brackets work remains crucial: you're only taxed at higher rates for income above each threshold, not your entire earnings. For example, if you're married filing jointly, you'll pay 10% on the first $23,850 of taxable income, then 12% on earnings above that amount.

Important note: Some provisions aren't changing in 2025, including the $10,000 SALT deduction cap and the $2,000 Child Tax Credit. ⚖️

The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.

10/29/2024

Saving early could prove very helpful down the road. Share this piece with your family and consider your choices.

This early financial decision could prove helpful over time.

10/28/2024

The housing market continues to reflect changing dynamics, with September's existing home sales hitting their lowest point since 2010. 🏘️
Despite mortgage rates being a full percentage point lower than last year, the median home price reaching $404,500 is catching attention. This marks the 15th straight month of year-over-year gains.
A silver lining emerges in the inventory space: Available homes increased 23% compared to last year, potentially offering more options for interested buyers. And here's an interesting shift: Cash purchases now represent 30% of sales, up significantly from pre-Covid levels. 🔑
Something to watch: First-time buyers remain at historic lows, matching August's 26% participation rate. Properties are now staying on the market for an average of 28 days, a week longer than last year's pace. ⏳

10/24/2024

The you’ve made in your life so far have helped prepare you for the future. We can help, too.

You’ve made investments your whole life. Work with us to help make the most of them.

10/22/2024

The beans brewed for your morning coffee may have changed hands many times

Few contemplate the complex journey that brought their coffee from farm to kitchen table.

10/21/2024

Recent data shows bearish sentiment at its lowest this year. While this doesn't change long-term strategies, it might signal some short-term turbulence—especially as we approach the election.

Remember: Market volatility is normal. Stay focused, stay informed, and keep your long-term goals in sight!