Wealth Management

Hummel Group was once again ranked as the #1 office for the 8th year in a row.  Due to this ranking, Financial Advisors Andrew Miller, Scott Nussbaum, Hank Reifsnyder, Trevor Hostetler, Andy Badertscher, Karl Schlabach and OSJ, Josh Hartzler were all invited to attend the ONESCO Institute. 

Hank Reifsnyder of Hummel Group's Orrville office took some time to talk about what it means to be a Smartvestor Professional and why he chose to become one.  Check out the videos below to learn more or check out our SmartVestor page here.

Required Minimum Distributions (RMDs)

Reminder that if you are 70+ years old, you need to take a minimum amount of money from any IRA you have.  Click here for a reminder on what an RMD is or contact a Financial Advisor at Hummel Group for more information.

In 2016, the first wave of baby boomers turned 701/2, and many more reach that milestone in 2017 and 2018.  What's so special about 701/2?  That's the age when you must begin taking required minimum distributions (RMDs) from tax-deferred retirement accounts, including traditional IRAs, SIMPLE IRAs, SEP IRAs, SARSEPs, and 401(k), 403(b), and 457(b) plans.  Original owners of Roth IRAs are not required to take RMDs.

Does your business need a buy-sell agreement?

Planning on working during retirement?  If so, you're not alone.  Recent studies have consistently shown that a majority of retirees plan to work at least some period of time during their retirement years.  Here are some points to consider.

Hurricane Harvey was the strongest storm to make landfall in the United States since Hurricane Charley in 2004 and we will soon have Irma, an even stronger storm crashing into our shores this weekend.  News of the damage Harvey has caused to southeastern Texas is prompting people to help in whatever ways they can and we are certain that the same will occur with Irma.

Disability insurance is coverage that provides you with income protection should you lose time on the job due to an injury or illness.  With disability coverage, you receive partial replacement of lost income.

For working-age individuals, disability refers to a medical condition that reduces your ability to perform your job duties.