4061 Powder Mill Road, Suite 705 • Calverton, MD 20705 • Phone: 301.595.8600 • Toll Free: 877.595.8605

From the Desk of Todd Wike

From the Desk of Todd Wike

We are very excited to announce that we will be moving our office next year! We recently acquired the old Cricket Bookstore building for those of you familiar with the area in Ashton, MD.  It’s located at 17800 New Hampshire Ave and is very close to the intersection...
Social Security increases benefits by 8.7% for 2023

Social Security increases benefits by 8.7% for 2023

This cost of living adjustment represents the largest increase in 40 years. The Social Security Administration has announced a cost-of-living adjustment (COLA) to recipients’ monthly Social Security and Supplemental Security Income benefits. More than 65 million...
IRS suspends missed RMD penalty for certain inherited IRAs

IRS suspends missed RMD penalty for certain inherited IRAs

Some beneficiaries who inherited an IRA in 2020 or 2021 will not face withdrawal penalties until 2023. If you inherited a retirement account in 2020 or 2021, you may be impacted by a recent IRS decision. The IRS may not expect required minimum distributions (RMDs) to...
Give wisely to maximize your charitable impact

Give wisely to maximize your charitable impact

Contribute to the causes you care about with strategies that match your intentions. Two studies conducted at the University of Chicago and Northwestern University found that giving to others makes us happier than giving to ourselves. To help you share this joy, here...
Make your final tax saving moves before Dec 31

Make your final tax saving moves before Dec 31

Proactive investors know that the months before year-end can be an ideal time to make strategic adjustments. While keeping in mind your long-term investment goals, meet with your advisor and coordinate with your tax professional to examine nuances and changes that...
Swiss Potato Soup

Swiss Potato Soup

This recipe was tested by Sara Westrick and it proved to be a delicious and hearty fall soup. Ingredients 5 bacon strips, diced 1 medium onion, chopped 2 cups water 4 medium potatoes, peeled and cubed 1-1/2 tablespoon salt 1/8 teaspoon pepper 1/3 cup all-purposed...