Retirement is a milestone we’re all working hard to reach. But sometimes this goal can feel so distant that it’s more like a dream—especially after the last few years we’ve had. But you’ve worked too...
You’ve Inherited Money, Now What Should You Do?
What would you do if you received an inheritance of money? Most people don’t think about this unless they already know it’s coming in the near future. Even then, it can be overwhelming to face...
How Much Do I Need to Retire Comfortably?
Most financial experts advise that you should plan to have saved enough money to generate 80% of your pre-retirement annual income each year in order to retire comfortably. When planning for retirement, there are multiple...
Bank Run Insights
It’s hard and often counterproductive to comment about breaking news while it’s still moving through the proverbial grinder — which is why we usually don’t. However, we feel it’s worth commenting on the growing number...
What’s in the SECURE Act 2.0?
On December 23, 2022, Congress passed a new set of retirement rules designed to make it easier to contribute to retirement plans and access funds earmarked for retirement. The law is called the SECURE Act...
Know the Benefits of Sending Your RMDs Straight to a Charity
Black Walnut Wealth Management occasionally provides content to Traverse City Business News and other media outlets. This article ran in the December 2022 issue of the Traverse City Business News but has been updated with...
6 Financial Best Practices for Year-End 2022
This year, there has been plenty of political, financial, and economic activity — from rising interest rates to elevated inflation to ongoing market turmoil. What impact will the past year have on the annual performance...
5 Tax Tips for Small Business Owners
2022 has proven to be among the most eventful, challenging years for many small business owners. With uncertainty surrounding a recession and high inflation rates, you have certainly dealt with enough. Here are five things...
Inflation, Interest Rates, and the Market
Well, it’s official. The third quarter has ended in bear market territory across multiple markets. To place that news into meaningful context, consider these two questions: 1. In more stable times, did you have a...
The Inflation Reduction Act and Student Loan Forgiveness – How They Might Impact Your Finances
The recent news about President Biden’s student loan forgiveness plan and the passage of the Inflation Reduction Act of 2022 are good reminders about the importance of staying updated on government policies that may affect...