We are thrilled to announce that the Philadelphia Business Journal has recognized Hoover Financial Advisors as a Faces of Philanthropy honoree for its longstanding partnership with the Chester County Food Bank (CCFB).
The Financial Times recently ran an article comparing our current economy to the “Roaring 20s” of a century ago. There are fascinating parallels in conditions playing out today. For one, the beginning of both the 1920s and the 2020s were
Is the 4% rule still relevant in 2021? You’ve likely at least heard of this rule; retire at 65 and withdraw 4% in the first year of retirement, add a cost-of-living adjustment annually to account for inflation, and you are
Fixed income investments are facing several challenges today, and these challenges will likely persist over the next several years. Many bond positions are providing very low yields, face risk of price declines from rising interest rates, and are less protective when
With additional stimulus monies, new vaccines, and fed support, our economy is starting to improve, and with a stronger economy comes higher interest rates. Generally, higher interest rates are bad for bond prices as they work inversely. In early 2021,
We’re proud to announce that our Founder and CEO Pete Hoover, CFP®, was selected by Forbes as one of the best wealth advisors in Pennsylvania. Pete ranked 19 out of 118 Pennsylvania-area advisors named, placing him
2021 is set to bring very different investing conditions than seen in prior years. With interest rates at historic lows and inflation potentially on the way, the bond market is one area we’re keeping a close eye on. Interest rates may finally begin to rise in 2021 for the first time in
The passage of the SECURE Act in 2019 changed a few rules surrounding IRA taxes and beneficiary required minimum distributions that could affect the financial plan of an IRA beneficiary. Before 2020, understanding required minimum distributions (RMD) was simple. The non-spouse
The Consolidated Appropriations Act of 2021 (the Act, also known as the Coronavirus Relief Bill) was signed by the President on December 27, 2020. In addition to Coronavirus aid it includes several tax provisions. This blog summarizes some of the
The 1973 Oscar for best music was given to Maureen McGovern for, “There Has to be a Morning After,” the theme from the Poseidon Adventure, a disaster movie about a cruise ship flipping upside down. Among the lyrics; There’s got to
We are thrilled to announce that the Philadelphia Business Journal has recognized Hoover Financial Advisors as a Faces of Philanthropy honoree for its longstanding partnership with
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