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This material is intended for educational purposes only. You should always consult a financial, tax, or legal professional familiar with your unique circumstances before making any financial decisions. Nothing in this material constitutes a solicitation for the sale or purchase of any securities. Any mentioned rates of return are historical or hypothetical in nature and are not a guarantee of future returns. Past performance does not guarantee future performance. Future returns may be lower or higher. Investments involve risk. Investment values will fluctuate with market conditions, and security positions, when sold, may be worth less or more than their original cost. Dorval & Chorne Financial Advisors is a registered investment adviser with the SEC. Registration of an investment adviser does not imply a certain level of skill or training.

VIDEO: 2025 IRS Contribution Limit Changes

December 30, 2024 Retirement Funding

🚨 2025 IRS Contribution Limits Are Here! 🚨 The IRS has announced new contribution limits for 2025, offering more opportunities to save in tax-advantaged accounts. Highlights include increased limits for 401(k)s, IRAs, Roth IRAs, and HSAs. For example, 401(k) limits are now $23,500 with an additional $7,500 catch-up for those 50 and older. Learn how these updates can boost your financial strategy, reduce taxable income, and help you stay on track for your goals. Watch our video featuring Leah and Dan from Dorval & Chorne for tips and insights!

VIDEO: What Is Vesting? Understand Your Retirement Plan Like a Pro

December 17, 2024 Retirement Funding

Are you leaving money on the table? In this video, we break down what vesting means and how it impacts your retirement savings. Whether you’re saving in a 401(k) or 403(b), understanding your employer’s vesting schedule can help you make smarter career and financial decisions.

VIDEO: Rule of 55 Explained

December 2, 2024 Retirement Funding

Are you 55 or older and thinking about accessing your retirement savings early? The Rule of 55 might be the solution you need! In this video, I break down what the Rule of 55 is, how it works, and who can benefit. Learn how you can withdraw from your 401(k) or 403(b) penalty-free, along with the important considerations you should keep in mind. Don’t forget to like, subscribe, and share this video with anyone who might find it helpful!

VIDEO: Retirement Saving Options for Homemakers & Spouses of Working Partners

November 19, 2024 Retirement Funding

Planning for retirement can feel challenging when you’re not currently earning an income, but being a homemaker or a non-earning spouse doesn’t mean you have to put your retirement on hold. In fact, there are plenty of opportunities to build a solid financial future with the right strategies in place.

VIDEO: What Are Catch-Up Contributions for Retirement Accounts?

September 16, 2024 Retirement Funding

Are you 50 or older and looking to boost your retirement savings? In this video, we break down everything you need to know about catch-up contributions to your retirement accounts! Learn how much extra you can contribute to your 401(k), IRA, or other retirement plans, and find out why this strategy could be a game-changer for your financial future.

VIDEO: Filling the Gap: The Impact of Our Group Sponsored Financial Advisory Program - Part 1

August 20, 2024 Retirement Funding

In this video, we discuss cases where our Group Sponsored Advisory Program had a significant impact in helping to provide employees with answers to their most pressing concerns.