What just happened with the debt ceiling?
Politicians on Capitol Hill went to battle over the debt ceiling once again this spring. The cliff notes version is: It looks like we averted the crisis, again, but it’s set to resurface in 18 months (January 1, 2025). While the whole situation can be confusing, the debt ceiling being lifted probably doesn’t come as […]
Taking an active, data-driven approach to investing
When folks find out we’re financial advisors, they often ask how they can get the best returns on their investments. They tend to expect us to list a single investment strategy as a way to beat the market. In reality, though, the best approach is usually working with an advisor who can combine different approaches […]
What is “the market”?
It’s common for people to talk about investing in “the market,” but what people mean by that phrase can vary. In fact, when people talk about “the stock market” being up or down, they’re rarely referring to the actual market where stocks are bought and sold (that would be a stock exchange). Instead, they are […]
529 Plans: What Parents and Grandparents Need to Know
When flight attendants prepare passengers for a flight, they almost always say: “In the event of an emergency, secure your own oxygen mask before assisting other passengers.” There’s a good reason for that: If oxygen gets too low, a passenger risks becoming incapacitated and being physically unable to help others, including their children or grandchildren. […]
How to plan for required minimum distributions (RMDs)
Many of our clients have benefited over the years from the opportunity to contribute to a 401(k) or 403(b) plan sponsored by their employer. As they near retirement, we regularly get questions about required minimum distributions, which are often referred to simply by their acronym: RMDs. It’s normal to have questions, particularly because Congress has […]
Secure 2.0 creates new opportunities
When the original SECURE Act was enacted in 2020, it made substantial changes to the way we save and prepare for retirement. Now, just three years later, the word SECURE is back on everyone’s mind. As part of a $1.7 trillion budget bill signed into law in December 2022, the SECURE 2.0 Act is bringing […]
The Revo Financial approach: What sets us apart
As a faith-based firm, aligning wealth with personal values is a core component of what we do. With that comes an inherent duty to share the blessings God has bestowed upon us with others. Many of our clients are philanthropic at heart, and we value the opportunity to help them align their desire to give […]
Your income taxes, decoded
Taxes are one of the greatest expenses you’ll pay over your lifetime, and yet, they’re one of the least understood. We often receive questions from clients regarding tax brackets and tax rates in particular. While high earners almost inevitably pay more in income taxes than low earners, the headline numbers can be misleading. So we […]
Financial Terms to Know
Financial jargon: A cheat sheet You’ve probably heard the phrase, “Money makes the world go round.” Since money underpins many aspects of life, it’s important to understand the terms we use to discuss finances. At Revo Financial, we try to help clients understand financial concepts and terms when they come up. We also wanted to […]
What is and isn’t a recession
First things first: We talk a lot about markets since we want you to know what’s going on with your investments. But the stock market is not the economy. Just look at the Financial Crisis in 2008: The stock market recovered long before the rest of the economy. So, what triggers a recession, versus a […]