Blog
As a financial advisor and owner of Kennedy Financial Network, it's my goal to not only manage your investments and guide your financial path, it's my goal to help you maximize your financial potential so that you can live your best life. We do that by illuminating and engendering good financial habits as a whole. Each month we'll explore a theme that will highlight important topics that will hopefully broaden your knowledge and sense of mastery so that day-to-day decisions contribute in big and small ways to your success. If there's a topic you'd like to see covered, don't hesitate to make a request. If you'd find it interesting and valuable, surely someone else will too!
NM Tax Cuts for Seniors, Families and Businesses
NM House Bill 163 will keep more money in the pockets of New Mexicans, including exempting social security income from taxation and cutting the state’s gross receipts tax...
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Changed jobs? Options for your 401(k)
Many individuals who leave their jobs are faced with decisions about what to do with their 401(k) accounts. What are your options? Are there advantages/disadvantages? How about tax consequences? These are all important questions.
Read MoreThree Reasons to Meet with a Financial Advisor ASAP
If the idea of meeting with an advisor makes you nervous, you’re not alone. Many people worry that they might be judged for their financial habits or lack of planning. Some are embarrassed by their debt. My advice? Find an advisor who...
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Navigating Volatility in a Market Correction
While recent market movements aren’t a surprise, it’s still uncomfortable. With the state of the world as it is, we expect an impact on the financial markets. The fluctuations in 2021 resulted in some lows, but also some...
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Year-End Tax-Wise Planning Tips
Tax planning is more than completing and filing your state and federal taxes. Year-end tax planning means going over potential tax deductions that you may have missed during the year while there's still time.
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Social Security Announces 5.9 Percent Benefit Increase for 2022
Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9 percent in 2022, the Social Security Administration announced today. The 5.9 percent cost-of-living adjustment...
Read MoreLife Insurance: Do You Need It?
It’s time for your life insurance checkup. If you don’t have any life insurance, you’re not alone. Life insurance is one of those “someday” things for many people, but the cheapest time to buy it is...
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Identity Theft: Protect Yourself
Hacking occurs when your personal information is compromised and used to commit fraud online. It’s becoming more prevalent and the “bad actors” are getting craftier about getting around ordinary security systems....
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Max Out Your Retirement Contributions
Making the maximum contributions to your retirement accounts allows you to save as much as you can before you get to retirement age. The sooner you begin saving, the sooner you can retire. The years fly by before you know it.
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Social Security: How Are My Benefits Calculated?
Social security rules can seem as confusing and overwhelming as the tax code, but you don't have to navigate it alone. There are some basic concepts that can get us started. Your Social Security benefit amount is based on your work...
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Women: Are you setting aside enough?
I've rarely met a woman who hasn't worried that her money will run out in retirement. It's a valid concern and one, as a financial advisor, that I help my clients address. Women have an even greater need than men to begin saving as...
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Tax Strategies
We're in the thick of tax season! While you might prefer beach season or snuggle up with a good book season, taxes are likely on your to-do list. There are a few things to keep in mind. More people than ever are working from home...
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How Long to Keep Important Documents?
It can be hard to know which documents to keep and which ones to toss out. Should you hang onto every bank statement or grocery store receipt? The paper piles, I mean files, can get overwhelming... Here’s a suggested timeline...
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In Case of Emergency: Storing Documents
No one wants to think about what happens when they're gone. It's natural to push it aside. Yet, 2020 has given us a vivid, stark window into the "life can change on a dime" perspective. If you were to pass away or become incapacitated...
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