Fox Financial Advisors

10/26/2026

October is Breast Cancer Awareness Month.

We take this time to honor the strength of those who have faced a diagnosis, support those currently going through it, and recognize the families and communities who stand beside them.

Awareness matters. Support matters. Presence matters.

We stand with you.

10/20/2026

Basketball season is nearly upon us, and the season highlight for college basketball fans is full of exciting victories, massive upsets, and underdogs ready to come out of nowhere. Here’s hoping you enjoy the madness that is March.

10/01/2026

🚀 Big News for Your 2026 Retirement Plans! 🚀

The IRS announced new contribution limits for 2026 in November, and there's a lot to look forward to! Here's a quick breakdown:

🔹 401(k), 403(b), 457 Plans & TSP: Contribution limit increased to $24,500 (up from $23,500 in 2025). If you're 50 or older, you can contribute up to $32,500 annually!

🔹 IRA Contributions: Limit increased to $7,500. Catch-up contributions for those 50 and older are now $1,100.

🔹 Roth IRA & Saver’s Credit: Income phase-out ranges have increased, making it easier to qualify and maximize your savings.

🔹 SIMPLE Accounts: Contribution limit up to $17,000, with higher limits for certain accounts.

🔹 Medicare Part B: Monthly premiums will rise to $202.90, impacting how much of your Social Security COLA you'll see.

Stay up-to-date with details about your retirement savings! For full details, check out Notice 2025-67 on the IRS website.

With most retirement accounts, once you reach age 73, you must begin taking required minimum distributions. Roth accounts are the exception. Withdrawal penalties may apply if you take the money before age 59½. Roth IRA distributions must meet a 5-year holding requirement and occur after the account holder reaches age 59½.



Sources:
IRS.gov, November 13, 2025
CNBC, November 17, 2025

09/19/2026

We are hosting a seminar event sharing some ideas on your family legacy. We also have some new, helpful resources coming out to simplify planning. Please RSVP as soon as possible so we can plan for appropriate numbers.

09/07/2026

Markets closed. BBQs open. But smart money never takes a day off.

What's your best "set it and forget it" financial strategy? Share below!

09/03/2026

There are so many reasons to create a will this month, but here are three big ones to consider:

Direct Your Property: Creating a will tells the courts how you want your property distributed. Without a will, state laws will determine how your estate is divided, which may not align with your intentions.

Provide instructions to the probate court: A will can help manage the probate process, providing instructions to the court.

Designate Guardianship for Minor Children: If you have minor children, a will allows you to appoint a guardian to care for them. This crucial step directs that your children are raised by someone you trust, rather than leaving the decision to the courts.

09/01/2026

If your kids are starting a summer job, why not look into a Custodial Roth account? Talk to your kids about how they can get started with tax-advantaged savings. Whether they put money in the account or you get it started for them with a gift, it’s a good way to start a great habit. For more information or to set up a meeting, drop us a note today!

We can explain the pros and cons of Custodial Roth IRA, and introduce you to some of the unique features of custodial accounts, including when kids can take control of the asset. Also, remember, with a Roth IRA, to qualify for the tax-free and penalty-free withdrawal of earnings, a Roth must meet a 5-year holding requirement and occur after age 59½. Tax-free and penalty-free withdrawals can also be taken under certain other circumstances, and the original Roth IRA owner is not required to take minimum annual withdrawals.

08/31/2026

The U.S. economy grew more slowly in the second quarter, while inflation remained above the Federal Reserve’s target.

Gross domestic product increased at a 1.5% annualized rate from April through June, below expectations for 1.8% growth.

The headline number was weaker, but some underlying economic drivers were stronger. Personal spending rose 2.1%, and a key measure of underlying demand increased 3.9%.

At the same time, the Fed’s preferred inflation gauge remained elevated. The personal consumption expenditures price index showed annual inflation at 3.7% in June.

Core PCE, which excludes food and energy, rose 3.3% from a year earlier.

Consumers continued spending, but the personal savings rate fell to 2.7%, its lowest level in four years.

For households and businesses, the broader takeaway is that slower growth, persistent inflation, consumer spending, savings, and interest rate policy are all connected parts of the economic picture.


Source:

While the GDP number was below expectations, the miss appeared to come from a decline in federal government spending and inventories.