Advisors Management Group

IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

How much can you save for retirement in 2021 in tax-advantaged accounts? How does $58,000 sound? The Treasury Department has announced inflation-adjusted figures for retirement account savings for 2021.  The basic salary deferral amount for 401(k) and similar workplace plans remains flat at $19,500; the $6,500 catch-up amount if you’re 50 or older also remains IRS Announces 2021 Retirement Plan Contribution Limits For 401(k)s And More

How Parents Can Serve Financial Sense At Thanksgiving Table

The Thanksgiving dinner table offers a great opportunity for parents to tutor their children towards future success. As you pass the mashed potatoes, consider passing along family stories—your stories—of planning, saving and frugal spending. Make the stories lively and real. Give your kids a reason to believe your stories could someday be their own stories. Here’s How Parents Can Serve Financial Sense At Thanksgiving Table

How to Save on Streaming Services

Americans have slashed spending on restaurants, travel and live entertainment. But we’re spending more on subscription services—especially video-streaming subscriptions. A recent survey on digital media trends by Deloitte, the tax and business consulting firm, found that not only have more consumers signed up for video-streaming services since the COVID shutdowns began, but the average streamer pays How to Save on Streaming Services

Americans Get This ‘Wrong, Wrong, Wrong’ About Financial Advisers

Suze Orman says most Americans have the “wrong, wrong, wrong” idea when they choose a financial adviser. In a blog post, the personal finance guru cites a 2017 survey that found 53% of Americans believe financial advisers are required by law to put their clients’ best interests ahead of everything else when they give retirement Americans Get This ‘Wrong, Wrong, Wrong’ About Financial Advisers

AMG COVID-19 Response Plan

This has been a very different couple of months with many changes in everyone’s world.  Although we haven’t been able to meet in person, AMG has continued to work for you while social distancing and following recommended guidelines.  Fortunately, our offices were already set up to accommodate that, for which we feel very blessed.  We AMG COVID-19 Response Plan