West Financial Advisors / West Wealth Management

11/04/2021

The Internal Revenue Service announced higher retirement plan contribution limits for 2022. The amount employees are eligible to contribute to a 401(k), 403(b), and most 457 plans will increase from the annual limit of $19,500 in 2021 to $20,500 in 2022. The $6,500 catch-up contribution limit for pe...

10/14/2021

11/02/2020

https://www.westfinancialadvisors.com/single-post/looking-beyond-the-uncertainty-of-elections-and-covid

The year started out with so many aspiring "visions" for 2020, but no one would have imagined what we have been through since the pandemic hit. Many Americans are getting tired as we finish out the year with elevated COVID cases and a barrage of election campaign ads, text messages, and constant bic...

10/19/2020

https://www.westfinancialadvisors.com/single-post/2021-social-security-cost-of-living-adjustment

Social Security announced the cost-of-living adjustment (COLA) for next year will be 1.3 percent beginning in January 2021. Social Security recipients should watch for notification by mail or check your SSA Account online for information regarding the new benefit amount. For those still working, the...

08/31/2020

Tips to Avoid Lifestyle Creep

As you move through your career and begin to earn more over time, you may feel like there is not a lot of extra money left over. If so, you may be ex

08/18/2020

Lump Sum Versus Dollar Cost Averaging Investing

West Financial Advisors, LLC is a wealth management firm, helping people grow and protect their wealth with fee-only financial advice.

07/23/2020

What Does Being Rich Mean For You?

Recently, my daughter asked me what being rich means. For her, at six years old, it was an innocent question as kids are wanting for many things and the concep

07/13/2020

How to Avoid a Tax Surprise

Nobody likes a surprise at tax time. For people who are not self-employed, a good way to ensure your payroll withholding is accurate is to review you

06/01/2020

How to Invest Extra Cash

“How do I invest the extra cash I have in the bank?” is a common question for people who find themselves with more discretionary cash flow. This could be the r