How we serve you

The Joel Group at RBC Wealth Management develops personalized strategies and solutions to address the needs of our clients. We guide multiple generations of families in managing the business of life. Through a personal approach, we help you and your family accomplish your goals.

Proud to be a national award-winning advisor

At The Joel Group, we are incredibly proud that Ben Joel is a recipient of the 2019, 2021 and 2022 Forbes Best-In-State Wealth Advisor as well as an Advisor Hub - Advisor to Watch in 2022. 

The millennial mindset

Rewriting retirement Cover imageWhen it comes to finances, millennials tend to prioritize planning for long-term wealth, making a difference in the world and retiring early, according to a recent RBC Wealth Management survey. Read the survey report to learn more about the millennial mindset. 

Will Social Security be there for you?

Like most people, you probably have a lot of questions about the role Social Security will play in your retirement. The answers to these questions depend largely on your earning history and when you plan to start taking benefits. Understanding the concepts behind Social Security can help you make well-informed decisions that will optimize the amount and timing of your benefits and the impact on your overall retirement plan. For more information, review the Social security fundamentals white paper or contact us to discuss your retirement plan.

Latest Insights

Senior woman smiles at advisor

Why the SECURE 2.0 Act can be good news for retirement planning

Consider these changes as you make adjustments to your retirement savings plans.

Read more

When to start taking Social Security benefits

Social Security can be an important part of your retirement income stream. The decision about when to begin taking the benefits you have earned may have important consequences. Start them early and your monthly income will be lower than if you wait until your full retirement age. Delay them and your monthly “paycheck” will be larger. Please contact us for help determining when it may be appropriate for you to start taking social security benefits and to explore strategies for maximizing benefits for married couples.

Strength you can trust

Distinguished by a long heritage of financial strength, integrity and unwavering dedication to our clients, RBC has consistently earned high credit ratings.1

  • Moody's Aa1 and A1 / stable4
  • Standard & Poor's AA- and A / stable4
  • Fitch Ratings AA2 and AA-3 / stable4

Additionally, RBC has a reputation of strength and stability with a high-quality balance sheet, proactive risk management and a strong liquidity position.

Global Insights 2023 Outlook Cover December 2022Slow growth stasis?

The developed world faces a long stretch of slow growth. We look at the reasons for the downshift, and how it could impact equity investing. Read the full economic outlook in the latest edition of Global Insight Monthly

Let's start the conversation

If you want to discuss your portfolio or have financial questions, please fill out the below form.

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Let's take the next step together

We welcome you to experience the RBC Wealth Management difference yourself. Contact us today to set up a meeting.

Ben Joel

Managing Director - Financial Advisor, Senior Portfolio Manager - Portfolio Focus

Chase Rosenberg, CFP®

Senior Financial Associate

Linda Murray

Senior Registered Client Associate

February Tip of the Month 2023

Here are ways to improve your credit score:

1. Pay on time.

2. Don’t borrow your full credit limit.

3. Length of time with your current creditors helps.

4. Keep new credit accounts to a minimum.

Age, income and employment do not affect your credit score.

Source: Hartford Funds, Things You Should Know About Credit Scores, 03/01/2021.

Regards,

Ben, Chase, and Linda

The Joel Group

Benjamin F. Joel

Managing Director – Financial Advisor

January Tip of the Month 2023

Happy New Year from The Joel Group!

Contribution limits for 2023 are listed below:

IRA’s and Roth’s $6,500

IRA’s and Roth’s over 50  $7,500

401k’s $22,500

401K’s over 50  $30,000

Standard Deduction single $13,850

Standard Deduction married $27,700

Gifts to individuals $17,000

Source: Putnam Investments 2023 Tax Rates, Dated 11/1/2022

Regards,

Ben, Chase and Linda

The Joel Group

Benjamin F. Joel

December Tip of the Month 2022

Social Security benefits will increase by 8.7% next year. If you have not started Social Security, your future projected benefits will increase 8.7% as well.

The amount of income required to hit higher tax bracket thresholds will increase about 7% in 2023. Standard deductions will also increase about 7% resulting in lower taxes next year if your income stays the same.

Both of these changes are due to annual cost of living adjustments.

 

Sources:

Wall Street Journal, Inflation Causes IRS to Raise Tax Brackets, dated 10/18/2022.

Social Security Matters, Social Security Benefits Increase in 2023, dated 10/13/2022.

 

Regards,

Ben

The Joel Group

Benjamin F. Joel

November Tip of the Month - Election Edition 2022

Since 1942, there have been 20 midterm elections. The S&P 500 has moved higher in every election (based on returns over the next 12 months).

Average return has been 15%. It has not mattered which political party wins the election.

Past performance is no guarantee of future results.

Source: Wall Street Journal, Turmoil Clouds Outlook for Midterm Rally, dated 10/3/2022.

Regards,

Ben

The Joel Group

Benjamin F. Joel

October Tip of the Month 2022

Since 1926, the S&P 500 index has had 6 years of losses greater than - 20%.

Over that same time, the market has had 36 years of gains greater than + 20%.

Regards,

Ben

Source: Hartford Funds-Easy to forget the market’s good years. Dated Jan. 2022.

The Joel Group

Benjamin F. Joel

July Tip of the Month 2022

A married couple retiring at 65 has a 50% chance of one spouse living to age 94.

There is a 25% probability of living to age 98.

That is 29 and 33 years of retirement!

Regards,

Ben

Source: RBC Wealth Management Rewriting Retirement, dated 12/16/21

The Joel Group

Benjamin F. Joel