Changes on the Horizon at Chevron (EOI)

March 4, 2020

At Insight Wealth Strategies, LLC, we have had the privilege of working with our Chevron clients for more than 18 years and have been helping Chevron executives, managers and employees in California (San Ramon and Point Richmond) and in Texas (Houston) with their financial planning. 

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Breaking Down the SECURE Act

February 14, 2020

The Setting Every Community Up for Retirement Enhancement (SECURE) Act went into effect on Jan. 1, 2020, and there have been a lot of questions about what impact the new law will have on employees and their retirement plans.

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The SECURE Act’s Impact on IRAs and Roth IRAs

February 14, 2020

The passage of the Setting Every Community Up for Retirement Enhancement (SECURE) Act in 2019 changed several aspects of retirement accounts and plans. The law, which went into effect on Jan. 1, 2020, consists of 29 provisions that deal with several aspects of retirement savings plans and accounts including Required Minimum Distributions (RMDs) and inherited IRAs.  This discussion will focus on the SECURE Act’s impact on IRAs and Roth IRAs and will touch on some new benefits to account holders and some new regulations on inheritances. 

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Financial New Year’s Resolutions for 2020

January 1, 2020

Making New Year’s resolutions is a great way to plan to be better in the new year. Unfortunately, sticking with those resolutions isn’t as easy as setting them. Whatever is on your list for the upcoming year, whether it is to get in shape, spend more time with family and friends, or save more and spend less, setting definable and realistic goals is a key to success.

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The Fed’s Role in Determining Interest Rates

October 4, 2019

Interest rates have been in the news recently due to the Federal Reserve’s decision last month to cut the target for its benchmark interest rate level by .25% to a range of 1.75% to 2%. This cut on Sept. 19 (announced Sept. 18) was the second time the Fed cut rates in 2019.

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Activating Your Social Security

October 30, 2018

When planning for retirement, it is important to figure out what income you will need and where that income will come from once you leave the workforce.  For most American retirees, Social Security benefits will provide an important source of income in retirement, but many people aren’t sure when they should start taking the benefits. The answer to this question will depend on your individual situation and your immediate and long-term financial needs.  Read more

5 Things to Know About the New Credit Freeze Law

October 1, 2018

A new federal law that went into effect this September, makes it free for Americans to have their credit files frozen and unfrozen by credit reporting bureaus.

The Economic Growth, Regulatory Relief and Consumer Protection Act, signed into law on May 24, adjusted the federal law dealing with consumer credit guidelines. The law went into effect on September 21. Read more

Insight2Markets: Earnings Update

August 22, 2018

Are you being paid for the risk you are taking?

 This is a question consistently asked in the investing world. If the underlying companies in a portfolio are not growing earnings, a higher price and return on the investment generally isn’t justified.  Facebook’s recent miss and price drop is a prime example. Investors do not “like” it when companies fail produce the results they said they would. Read more

Insight2Markets: Inversion Diversion

July 9, 2018

A frequent question of late is what to make of a flattening yield curve and what action should we take?

In short – the yield curve is used as a tool which can illustrate high probability recession risk with considerable lead time of about a year and should not affect drastic portfolio decisions this early on.  This is perhaps a topic not worthy of a rapidly moving news cycle but does play into the drama and thus emotions of investors. Read more

Shedding Light on Potential Tax Reforms

February 16, 2017
It’s safe to say that the last 90 days have been trying for many Americans. Don’t despair, there may be some good news about tax reforms. We could be facing the first significant tax reform since 1986!

Let’s shed light on some exciting possibilities:
– Elimination of the ACA Surtax: as you know there is currently a 3.8% tax on income above $200,000 ($250,000 filed jointly) for the Affordable Care Act. Read more