Blog

How to ask your employer for halal 401(K) investment options
One of the first decisions you’ll need to make after accepting a job offer is deciding how you’ll invest your employer plan. These plans are generally funded with pre-tax money and, in many cases, your employer will match your contributions. That’s essentially free money. But most plan providers will offer you a limited menu of investments. Some may have a few socially responsible options, but it’s highly unlikely you’ll find a halal mutual fund. So, what are your options? Ask your plan provider if your plan has a self-directed brokerage account. It’s essentially a sub-account within your 401(k). As employees

What You Should Know About Required Minimum Distributions (RMDs)
What are RMDs? At some point, the government wants you to start spending your tax-sheltered retirement savings, or at least pay taxes on the income. That’s why it requires you to withdraw minimum payments annually from your traditional IRAs and employer-sponsored retirement plans after you reach a certain age. These are referred to as RMDs or required minimum distributions. Congress has passed significant changes related to these distributions in what’s known as the SECURE Act and its successor, SECURE Act 2.0. This legislation modifies several rules related to distributions from retirement accounts. When must RMDs be taken? The new rules

What you need to know when choosing a beneficiary
When was the last time you reviewed your beneficiary designations? The beneficiaries you name on your financial accounts take precedence over a trust or will. That’s why making sure your beneficiary designations are current is critical. We recommend reviewing your beneficiaries annually, and after major life events like marriage, divorce, a new child, and death. When you open accounts like IRAs, 401(K)s, and Health Savings Accounts you are asked to name your primary and contingent beneficiaries. A common mistake is not naming contingent beneficiaries. If your primary beneficiary passes, and there’s no contingent beneficiary, your assets will go to your

5 Financial Resolutions to Start 2023 on the Right Foot
The beginning of a new year is a great time to commit toward improving your financial life. Do you have an old 401(k) that’s riddled with haram holdings, but haven’t found the time to correct it? Perhaps you’re busy working hard only to feel like your savings going nowhere. Is your financial life so chaotic you don’t know where you are relative to achieving any of your goals? Whatever the case, now is the time to set your intentions and establish good habits. Of course, achieving your goals won’t happen overnight. It’s also easy to get sidetracked as the year
Latest Blog Posts

Client note on volatility and inflation

Revising Estate Planning Strategies


Now Might Be a Good Time for a Roth Conversion

A Decision Not Made Is Still a Decision

Handling market volatility

The Fed, Inflation, and Volatility

Holding stocks for the long term

5 ways to keep your portfolio on track
