On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law, introducing provisions that offer financial relief for many senior citizens. The legislation includes an increase to the standard deduction for all taxpayers, as well as a new $6,000 deduction specifically for Americans aged 65 and older. While it falls short […]
As 2025 draws to a close, many retirees and Social Security beneficiaries are looking ahead to the anticipated Cost of Living Adjustment (COLA) for 2026. Current projections suggest that the Social Security Administration is likely to announce a COLA increase of approximately 2.6% to 2.7%. Each year, the Social Security Administration calculates the COLA using […]
With higher interest rates, inflation concerns, and market volatility, many investors are turning to money market mutual funds (MMFs) as a reliable investment option. These funds, which typically invest in short-term, high-quality securities like Treasury bills, certificates of deposit, and commercial paper, are designed to offer a compelling blend of safety, liquidity, and competitive short-term […]
If you are a parent, you likely dream of giving your child a strong financial start, whether that means paying for college, helping with a first home, boosting their retirement savings, or simply providing extra funds for life’s adventures. The good news? There are many ways to achieve that. However, as with any financial decision, […]
One of the greatest gifts you can leave your loved ones is a well-organized estate. When someone passes away without clear plans in place, it can create unnecessary stress, confusion, and delays during an already difficult time. Taking proactive steps today can help ensure your wishes are honored and that your family is supported when […]
Saving for retirement isn’t usually top of mind for teenagers, but starting early with the right tools can make a world of difference down the road. One of the most effective ways for teens to build long-term wealth is through a Roth IRA. With tax-free growth and tax-free withdrawals in retirement, a Roth IRA offers […]
Raising children is one of life’s most meaningful experiences—but it’s also one of the most financially demanding. Between daily essentials like food, clothing, and housing, and longer-term expenses like school supplies, extracurriculars, travel, and college savings, the cost of parenting can add up quickly. Many parents understandably want to provide the very best for their […]
If you’ve recently graduated and are stepping into the job market, congratulations! It’s an exciting time, but also one that calls for thoughtful decision-making, especially when it comes to evaluating job offers. I’ll never forget receiving the packet of information from my first job offer and feeling overwhelmed, especially since this was my first time […]
Still job hunting after graduation? You’re not alone. Stepping into the professional world with limited experience can be intimidating, especially in a cooling job market influenced by factors like the recent loss of 350,000 federal jobs due to DOGE-related reductions. Since founding The Welch Group over forty years ago, I’ve reviewed hundreds of résumés, interviewed […]
Graduating from college marks a significant milestone, not just academically, but also financially. For the first time, you may be earning a steady paycheck, making your own spending decisions, and taking full responsibility for bills, debt, and savings. This transition toward financial independence can be both exciting and overwhelming. That’s why it’s crucial to develop […]