You’ve probably heard about the changes to the tax code included in the “One Big Beautiful Bill Act” (OBBBA), which is now law. From a high level, the changes in the law will impact the financial lives of millions of Americans. The law includes spending cuts to Medicaid and food assistance, spending increases in areas like defense and immigration enforcement, and makes permanent the tax cuts from 2017. Overall, the act has been projected to add an estimated $3.3 trillion to the national debt...

Most people think of financial advisors as professionals who only manage investments or tell you where to put your money. But that’s just one narrow slice of a much broader picture. Financial services touch nearly every part of your daily life even if you don’t always notice. So, what does a financial advisor really do? And when should you consider speaking to one? Let’s unpack that, one practical step at a time. More Than Just Numbers A financial advisor can help you do something we don’t...

Planning for retirement is akin to preparing for a long journey—you need to anticipate various scenarios, including the possibility of living longer than expected. At Penny Lane Wealth Management, we understand that longevity is a blessing, but it also introduces the risk of outliving your savings. This "longevity risk" can be compounded by factors like inflation, escalating healthcare costs, and market volatility. Understanding Longevity Risk Living longer increases the likelihood of...