Judy Loy
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Be Diligent to Protect Your Money and Avoid Getting Scammed
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In any field, trust is important, but especially in banking and financial services. We trust that our cash is available by ATM or ACH or check. In last week’s CrowdStrike […]
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What to Know About Roth IRAs
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When I first started at Nestlerode in 1992, the only option for a qualified retirement account was traditional, tax deductible for money being contributed. Money going into the typical retirement […]
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Interest Rate Bets
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The U.S. Federal Reserve took on the fight against high inflation by raising interest rates 11 times in the last two years from .08% to 5.25-5.5%, which is a 23-year […]
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Election Year and Economic Fears
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This year’s presidential election is coming quickly on Nov. 5, 2024 (you may be familiar with the two candidates). Elections tend to bring out passion and fear in our population. […]
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529 Plan Options: What to Know About Benefits and Drawbacks
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Americans have expected the next generation to have better lives than them throughout our history. Overall, it’s been true, with each generation creating more wealth and opportunities. For this and […]
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The Economic Outlook for 2024
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The U.S. Federal Reserve gave investors a nice Christmas present this past week. The Federal Reserve, headed by Jerome Powell, meets eight times a year, usually every six weeks. On […]
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For High Earners, 401k Tax Benefits
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The Secure Act 2.0 of 2022 provided changes to retirement savings, some good, some bad. Starting in 2024, older, high-income earners are losing a tax-advantage. To help older workers catch […]
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Good Debt, Bad Debt
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Over the past year, interest rates have increased due to the Federal Reserve’s tightening. Their goal is to cut inflation to 2% and to do so, they are slowing the […]
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The Value of the Greenback
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The U.S. dollar, or “greenback” in slang, is the reserve currency for the world and has been for over 60 years. However, what does being a reserve currency mean? To […]
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What to Make of Recent Bank Crises
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In my 30-plus years as an advisor, 2008 was an auspicious year. Dan Nestlerode stepped down as CEO of Nestlerode & Loy, Inc. and I took over the helm of […]