Blog

Are you making charitable donations at year's end? If so, you should know about some of the financial "fine print" involved, as the right moves could potentially bring more of a benefit to both you and your chosen charity. Keep in...

Despite not being as well known as some other retirement tools, annuities account for 6.5% of all assets earmarked for retirement. With about $2.2 trillion in assets, annuities hold more funds than Roth IRAs.1 An annuity is a contract...

If the idea of retiring in your early 50s, 40s, 30s, or even late 20s appeals to you, you may be interested in joining the FIRE retirement movement. Designed for those who have the discipline and cash flow to save diligently, FIRE can...

For many older adults, finding time to experience nature can be one of the greatest pleasures in retirement. And what better place to take in America's splendor than one of our over 400 National Park Service sites? For over a century,...

One study estimates the average cost of raising a child to the age of 17 for a middle-income family is about $310,605. As a point of comparison, the median home price in the U.S. was $417,700 at the end of 2023.1,2 If you want to add...

The 2015 Obergefell v. Hodges Supreme Court decision streamlined tax and estate strategizing for married LGBTQ+ couples. If you are filing a joint tax return for this year or are considering updating your estate strategy, here are some...

Family businesses account for 54% of private sector Gross Domestic Product (GDP), yet 43% of family businesses have no formal succession plan. While those numbers may shock you, it is not surprising that many small business owners are...

In the second quarter of 2023, more than 2,300 small businesses were sold. The median sale price was roughly $300,000, down 14% from the same time last year.1 As a business owner, ascertaining the value of your business is important...

John and Mary are nearing retirement and they have a lot of items on their bucket list. Longer life expectancies mean John and Mary may need to prepare for two or even three decades of retirement. How should they position their money?1...

When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today's average 67-year-old woman will live to age 88...

While Americans are entitled to take every legitimate deduction to manage their taxes, the Internal Revenue Service (IRS) places limits on your creativity. Here are some examples of deductions from the IRS that were permitted and some...

By May 15, 2023, over 142 million taxpayers had dutifully filed their federal income tax returns. And they all made decisions about deductions and credits – whether or not they realized it.1 When you take the time to learn more about...

Variable universal life insurance is permanent life insurance—it remains in force for the policyholder's whole life. And, as with universal life insurance, it provides a flexible premium and an adjustable benefit—meaning the...

Life insurance proceeds are generally tax-free. But not in all cases. In 1900, the average life expectancy of a newborn was only 32 years old. By 2021, that number more than doubled to 71 years, and the trend is expected to continue.1...

Did you know that... Fifty-seven percent of American workers have no private short-term disability insurance.1,2 Sixty-five percent of working people in the U.S. lack private long-term disability coverage.1,2 Forty-eight percent of...

Some of the biggest challenges many face when it comes to education are financial. Luckily, a 529 college saving plan can help. And they're not just for college anymore - added to the tuition eligibility are K-12, private and religious...

If college were a party, then student loans are the hangover. Unfortunately, the "hair of the dog" won't cure this headache, but here are some ideas for managing your student loan debt. The programs listed are not intended as tax or...

The backyard pool can be great summer fun, but it can also be a source of danger for children. Drowning kills nearly 4,000 people a year in the United States. It's also the leading cause of preventable death among children ages 1-4.1,2...

If the idea of retiring in your early 50s, 40s, 30s, or even late 20s appeals to you, you may be interested in joining the FIRE retirement movement. Designed for those who have the discipline and cash flow to save diligently, FIRE can...

As a small-business owner, figuring out retirement choices can be a little intimidating. How do you pick the most appropriate retirement plan for your business as well as your employees? There are a number of choices when creating...

Did you know that... Fifty-seven percent of American workers have no private short-term disability insurance.1,2 Sixty-five percent of working people in the U.S. lack private long-term disability coverage.1,2 Forty-eight percent of...

In the second quarter of 2023, more than 2,300 small businesses were sold. The median sale price was roughly $300,000, down 14% from the same time last year.1 As a business owner, ascertaining the value of your business is important...

Every year, about 140 million households file their federal tax returns. For many, the process involves digging through shoe boxes or manila folders full of receipts; gathering mortgage, retirement, and investment account...

When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration (SSA) estimates that today's average 67-year-old woman will live to age 88...

Who enjoys thinking about life insurance? But if someone relies on you financially, ignoring it isn't an option. So ditch the myths and get informed.  Call us: 856-358-3900

Life insurance, a shield against financial turmoil in the wake of your absence, deserves careful consideration. But amidst the numbers and policies, how do you determine the right amount of coverage? The DIME method, a simple yet...

Preparing for retirement can look a little different for women than it does for men. Although stereotypes are changing, women are still more likely to serve as caretakers than men are, meaning they may accumulate less income and...

According to the Centers for Disease Control and Prevention, productivity losses linked to employees not showing up to work due to five risk factors— diabetes, smoking, high blood pressure, physical inactivity, and obesity—...

The average American owes $59,580 in debt. Of that $59,580, $41,830 is from mortgage debt, $5,640 is from student loans, and $5,470 is from auto loans. Little wonder that money worries can be a major cause of stress.1 The Link Between...

When it comes to retirement, women may face unique obstacles that can make saving for retirement more challenging. Given that women typically live longer than men, retirement money for women may need to stretch even further.1 Despite...

Are you making charitable donations at year's end? If so, you should know about some of the financial "fine print" involved, as the right moves could potentially bring more of a benefit to both you and your chosen charity. Keep in mind...

The 2015 Obergefell v. Hodges Supreme Court decision streamlined tax and estate strategizing for married LGBTQ+ couples. If you are filing a joint tax return for this year or are considering updating your estate strategy, here are some...

Reaching six figures is no easy feat. If you’re one of the hard-working few who have made it to this milestone, give yourself a pat on the back and celebrate. It can be tempting to feel like now that you've made it to the top of...

According to recent statistics, data breaches have become common in today's digital world. In fact, it is estimated that more than 111.7 million Americans have their personal information exposed to data breaches every year. Whether...

A recent survey found that 28% of workers are very confident about having enough money to live comfortably through their retirement years. At the same time, 27% are not confident.1 In 2001 congress passed a law that can help older...

Federal estate taxes have been a source of funding for the federal government almost since the U.S. was founded. In 1797, Congress instituted a system of federal stamps that were required on all wills offered for probate when property...

According to the U.S. Census Bureau, there were over five million new business applications submitted in 2022 alone. All individuals pursuing the dream of exercising their entrepreneurial muscles will face the same question,...

Congratulations on starting your equine operation!  You need to consider several items when starting your farm and having proper insurance is a big one.One option is a Special Farm Package (SFP) for equine owners.  This type...

In recent months, there has been a surge in companies discussing and embracing the use of artificial intelligence (AI). With its potential to revolutionize industries and drive innovation, AI has become a focal point of strategic...

Most portfolios are constructed based on an individual's investment objective, risk tolerance, and time horizon.Using these inputs and sophisticated portfolio-optimization calculations, most investors can feel confident that they own a...

As a parent, you of course want to give your child the best opportunity for success, and for many, attending the “right” university or college is that opportunity. Unfortunately, being accepted to the college of one’s...

Social Security's been a fact of retirement life ever since it was established in 1935. We all think we know how it works, but how much do you really know? Here are nine things that might surprise you.The Social Security trust fund is...

In the final days of 2022, Congress passed a new set of retirement rules designed to facilitate contribution to retirement plans and access to those funds earmarked for retirement.The law is called SECURE 2.0, and it is a follow-up to...

Are recession fears fading? Investors may still be cautious but it appears that CEOs are markedly more optimistic. During quarterly earnings calls for Q4 2022, the mention of a recession has dropped to just 12%.

Traditional Individual Retirement Accounts (IRA), which were created in 1974, are owned by roughly 36.6 million U.S. households. And Roth IRAs, created as part of the Taxpayer Relief Act in 1997, are owned by nearly 27.3 million...

What has upswings and downturns, troughs, peaks, and plateaus? Though such terms could easily describe a roller coaster ride, they are also commonly used to describe the business cycle.The business cycle – also known as the...

American National Insurance Company was recently named to Newsweek’s list of America’s Most Trustworthy Companies.

Retirement can have many meanings. For some, it will be a time to travel and spend time with family members. For others, it will be a time to start a new business or begin a charitable endeavor. Regardless of what approach you intend...

A lot has changed over the last 18 months and it’s hard to keep up.  Supply shortages and increasing prices are just a couple of the changes.  And, these two changes can have a big impact on the insurance coverage for...

DWA Business Spotlight: Devour DessertsDo we insure Retail Businesses?You bet we do! Devour Desserts is one of our clients.Interested in learning more about insurance for your business? Call us at 856-358-3900 OR click here.

Jack Dempsey & Lynn Erb Accept Our AwardWe are honored to be voted Best Insurance Agent and Best Financial Consultants in the Salem County Chamber’s Best of Salem County 2021 contest.We are grateful for our staff and clients as...

DWA Business Spotlight: J. Faith Hair StudioDo we insure salons?Yes, we do. If fact, we insure a lot of them.Listen in as Jennifer Faith, owner of J. Faith Hair Studio talks about her experience with Dempsey, Weiss & Associates.If you...

Welcome to the Business of Business – Two Daughters & Their Dad Podcast!In this episode Jennifer, Staci & Jack answer some great questions submitted via email and on our Facebook page.Jack answers a question abut what...

We have a lot to be thankful for.Every season is a good season to put your loved ones first. As you continue planning your favorite holiday activities, be sure to prioritize a conversation with your agent about your life insurance...

Have you received your 2021 enrollment information & access code from Get Covered NJ? Confused as what to do when?We will review your current plan and explain the changes for 2021. Then we will talk about what doctors you prefer and...

Each year you have the opportunity to review and change your Part C & D coverage. As you know, Part D is your prescription drug coverage.The deadline to make any changes is Monday, Dec 7, 2020.Even if you are happy with your current...