Blog

Over the next 20 years, an estimated $84 trillion will transfer from baby boomers to their heirs—marking the largest wealth shift in U.S. history. This transition, driven by 401(k)s, rising home values, and disciplined savers, will reshape the economy and widen the wealth gap. For those expecting an inheritance, now is the time to meet with a financial advisor to plan wisely, maximize tax efficiency, and set long-term goals. Whitaker-Myers Wealth Managers can help you prepare.

Without a will, you die “intestate,” leaving state courts to decide how your estate is divided—often in unintended ways. Dave Ramsey emphasizes having a proper estate plan, preferably through a legally valid will. There are various types, including holographic, nuncupative, and statutory wills. While wills ensure your wishes are on paper, they also go through probate, which can be contested. For guidance, Whitaker-Myers Wealth Managers partners with Encore Estate Planning to help.

Technology now makes up about 32% of the S&P 500, highlighting its dominance in the U.S. economy and markets. In 2024, strong demand for AI, semiconductors, and cloud computing fueled growth for firms like NVIDIA and Microsoft. However, this concentration poses risks—tech’s heavy influence can create volatility and distort the index's representation of the broader economy. Investors should review their diversification and risk exposure with an advisor.

John-Mark Young earns the ChFC designation from the American College of Financial Services

For self-employed individuals and small business owners, SEP IRAs and Solo 401(k)s offer powerful, tax-advantaged retirement savings beyond traditional IRAs. SEP IRAs are simpler to set up and ideal for businesses with employees, while Solo 401(k)s allow higher contributions and catch-up options for owners with no employees. Each has unique rules and benefits—consult a Whitaker-Myers advisor to choose the best fit for your retirement goals.

Tim Hilterman gets a shout out on the EntreLeadership Podcast.

Health Savings Accounts can be used to save money on taxes and provide strategic tax planning for higher income years.

5 Insights for your financial, saving and investing life for 2025.

The Social Security Fairness Act was approved in the House in November and in the Senate early Saturday morning.

The Homestead Tax Exemption is a legal benefit available in most states, which reduces property tax reduction on homeowners’ primary...

The new year can fill you with a sense of hope and expectation.  There are new goals to reach and new challenges to tackle.  Something...

For many individuals with investments in the market and other securities, the state of the economy is critically important. But what...

What is Mean Reversion? Mean reversion is a financial concept that describes the tendency of a stock or index price to return to its...

Cleveland Clinic and Fidelity BrokerageLink - a powerful combo for retirement savers

Ohio STRS announced recent changes to the benefit eligibility of the defined benefit plan.

Tim Hilterman joins Whitaker-Myers Wealth Managers as their Chief Financial Planning Officer.

The IRS recently announced the changes to the retirement contribution limits for 2025  for the various retirement account types.  To...

Whitaker-Myers Wealth Managers at a team building event.

A Life-Changing Event Our daughter and her family experienced a horrible life-changing event this past summer. They were making home...

So many terms in the financial industry  seem mysterious and confusing, and some even sound completely made up.  The Backdoor Roth IRA...