Insights

After a strong and steady economic recovery from the pandemic-led downturn in 2020, 2022 has been a year of uneven growth and rising uncertainty.

Have you made a plan for your money this year and beyond? At any stage of life, you can establish some financial goals to suit your particular situation. Taking the time now to evaluate your personal finances and set tangible, measurable goals for your money is the best way to prepare for a secure financial future—whether that is three years from now or 30 years from now.

On December 29, 2022, President Joe Biden signed the SECURE Act 2.0 into law. The legislation includes many changes affecting how Americans can save for retirement. Through tax credits, increases in retirement savings limits and delayed distribution requirements, it benefits both individuals who save for retirement and employers offering retirement plans.

Happy Holiday Greetings to you! We hope that you and your loved ones are safe and well. As we reflect on this past year, we are grateful to everyone connected to Howland Capital. From our clients, to our colleagues, and our industry partners, it has been a pleasure working together with you this year.

College degree? Check. New job? Check. Now, prepare for a new financial life—and make your money work for you—with our top financial tips for college grads.

Cybersecurity is important and more relevant than ever. As our time online has increased significantly over the last 2+ years, more of your data is being shared. We are sharing our tips for preventing your personal data from falling into the wrong hands.

There are a few new rules to know about IRAs and retirement savings in 2022; get the details to plan ahead.

In state tax news, Massachusetts filers may be eligible for a refund based on their 2021 tax filing. Chapter 62F is a general law that requires the Mass. Department of Revenue to issue a refund to taxpayers if total tax revenues in a given fiscal year exceed an annual cap tied to wage and salary growth in the Commonwealth.

As the Fed pushes up interest rates and other central banks around the world follow, yields on fixed income continue to climb. This is welcome news for savers, as returns on cash and short maturity bonds are up significantly this year.