Peters Financial, LLC

05/07/2026

A huge thank you to everyone who joined us for our 5th Annual Cinco De Mayo Open House and Shred Event!🌮☀️

We are so grateful for the fun and fellowship with our amazing clients and friends!

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05/06/2026

10/30/2025

New estimates suggest Social Security beneficiaries may see a 2.7% cost-of-living adjustment (COLA) in 2026—slightly higher than this year’s 2.5% increase.

What’s driving the projection:
▪️ July’s inflation data points to modest price increases
▪️ CPI-W, the index used to calculate COLA, rose 2.5% over the past year
▪️ Two more months of inflation data will finalize the number

The official COLA announcement is expected in October. For many retirees, even a slight increase can make a meaningful difference.


Source: https://www.cnbc.com/2025/08/12/cola-2026-social-security-cost-of-living-adjustment-estimate.html

10/28/2025

Thanks to the SECURE 2.0 Act, you can now contribute up to $34,750 to your 401(k) in 2025 – that's $3,750 MORE than standard catch-up limits! It's like the government saying: "Retirement is in sight. Get to it!"

Starting at 50, you can contribute an extra $7,500 to certain retirement accounts. The message is clear: It's never too late to boost your retirement savings!

If you're 50+ and already maximizing your catch-up contributions, nice job! And if you're in that golden 60-63 window? Don't forget that you now have access to the highest contribution limits available. More contributions today = more security tomorrow.

10/23/2025

Retirement balances have reached new records, reflecting both market resilience and the power of consistent saving.

Fidelity’s latest data shows:
🔹401(k) millionaires climbed 16% in Q2, reaching 595,000 accounts.
🔹IRA millionaires also increased 16%, surpassing 500,000 for the first time.
🔹Average balances rose to $137,800 for 401(k)s and $131,366 for IRAs.

What’s behind the gains? Savers who stayed invested and continued making contributions benefited as markets rebounded from earlier volatility. Even during uncertain times, steady saving habits can help position accounts to capture positive market trends when they occur.

It’s a reminder that discipline and consistency often matter just as much as market performance itself.


Source: https://www.cnbc.com/2025/09/04/ira-401k-millionaires-hit-record-highs.html

10/02/2025

If you inherited an individual retirement account (IRA) in 2020, you're 5 years in. That means you have just 5 years left to deplete the account if you want to avoid penalties.

What should you do now?
✅ Review the remaining balance
✅ Evaluate your tax bracket
✅ Start or adjust your withdrawal strategy
✅ Consider changes coming in down the road

📞 Don’t guess. A financial professional can help you make smart moves from here.



Source: IRS.gov, August 26, 2024 https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

09/30/2025

The SECURE Act changed the game for inherited IRAs. Now, most non-spouse beneficiaries must withdraw all funds by the end of year 10.

But here's the twist:
📊A Required Minimum Distribution (RMD) must be distributed by the end of the 10th calendar year after the year of the individual retirement account (IRA) owner's death. Penalties may apply for missed RMDs. Different minimum distribution requirements may apply to a surviving spouse of an IRA owner or a disabled or chronically ill individual.



Source: IRS.gov, August 26, 2024. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

09/25/2025

If you've inherited an individual retirement account (IRA), you might be sitting on a powerful financial opportunity, but keep in mind that rules have changed in the past few years. The SECURE Act’s 10-year rule means many beneficiaries must empty the account within 10 years of the original owner’s passing. Some exceptions apply.

👉 Consider speaking to our trusted financial professional team for guidance.
👉 Penalties may apply for missed Required Minimum Distributions (RMDs). Different minimum distribution requirements may apply to a surviving spouse of an IRA owner, a disabled or chronically ill individual, an individual who is not more



Source: IRS.gov, August 26, 2024. https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-beneficiary

09/23/2025

The IRS has released final regulations on Required Minimum Distributions (RMDs) for inherited IRAs.

Key points:
🔑 10-year RMD Rule clarified
🔑 Annual distributions are required in most cases
🔑 Special rules for "eligible beneficiaries"
🔑 Effective from 2025, with transitional relief through 2024
🔑 Remember: Skipping an RMD can result in a penalty of up to 25%

Confused about how this affects your inherited IRA? You're not alone; these rules are complex. If you have any questions about how this may affect your financial strategy, let's talk.



Source:https://www.forbes.com/sites/kellyphillipserb/2024/07/18/irs-finalizes-guidance-on-treatment-of-inherited-iras/

09/18/2025

Estate management can be a difficult subject and an uncomfortable conversation. That said, getting your estate on track can be vital for the well-being of your family. Not convinced? Unfortunately, too many people have either put off this task or let the discomfort overwhelm them. The good news is that you can change that today.

1. Fewer Americans Have Wills - In 2022, over half of Americans recognized the importance of estate strategy, but findings from a 2025 study show that more than 50 percent don't have a will today. If that applies to you, today’s the day to turn that around!

2. Most Families Without Wills Have Kids Under 18 - Although having a child is the fifth most common reason people consider starting an estate strategy, most parents with kids under 18 still don't have estate documents. It’s time to consider getting the documents together for you and your family!

3. Family Changes Provoke Will Updates - Expanding the family through birth or marriage is the third most common reason Americans have set up wills. However, many parents in the U.S. still lack a will to name a guardian for their children. When changes come to the family, updating your strategy becomes super essential!

4. Procrastination is the Biggest Barrier - Procrastination is a top reason people haven't created a will or trust since 2022, with men slightly more likely to delay estate management than women. Even fewer are taking action this year, with 43 percent of those without a will admitting they "just haven't gotten around to it.” In 2025, only 24 percent of survey participants reported having a will, and 4 percent mentioned other estate management documents, a decline from 33 percent with a will in 2022. Time to get it in gear!

Source: Caring.com February 18, 2025

https://www.caring.com/caregivers/estate-planning/wills-survey/

The 2025 Caring Wills Study found a dwindling number of Americans have estate planning documents. COVID-19 is still affecting wills five years later.