After 11 years as our Client Touch & Community Building Manager, Susan Strubhar will be stepping away at the end of July.

We are beyond grateful for her smile at the front desk, her attention to detail at every event, and the love she has poured into her time at Douglass Financial. While we’re sad to say goodbye, we’re sure we’ll see her at upcoming events in the future! Be sure to wish her well the next time you see her!

Beginning in August, you can expect to see Laura Myers’s name come for various things and occasionally at our front desk in Bloomington.

Artificial Intelligence (AI) is simply technology designed to help computers do tasks that usually require human thinking. You may already be using AI without realizing it, whether through voice assistants, navigation apps, or customer service chat tools.

While AI is becoming more common, there’s no need to feel intimidated. Think of it as a helpful tool, like a calculator or a smartphone, that can make everyday tasks easier. It can help you find information quickly, stay connected with family, or even learn something new.

At the same time, it’s important to use wisdom and discernment. Not everything you see or hear online is accurate, whether it comes from AI or people. Be cautious about sharing personal information, double-check important details, and rely on trusted sources when making decisions.

With a balanced approach, confidence paired with caution, you can feel confident using this new technology safely and even enjoy the benefits it brings to your daily life.

Spring and Summer are perfect times to get out and enjoy our community. Here are some fun Central Illinois outdoor activities for you to enjoy.

• First Friday in downtown Bloomington runs from 5:00-8:00pm the first Friday of every month. Browse art galleries, shop at local retailers & enjoy several dining options. downtownbloomington.org 

• 18th Annual Red Carpet Corridor Festival in Pontiac is Saturday, May 2 and Sunday, May 3.  visitpontiac.org

• Sugar Grove Nature Center at Funks Grove has trails & educational events. Stroll back to the Chapel in the Trees for a peaceful experience. sugargrovenaturecenter.org

• Bloomington Farmers' Market is a producer only market. The Outdoor Farmers' Market is open every Saturday May-October from 7:30am to noon. downtownbloomington.org

• Parklands Foundation has several hiking trails to explore. The Bluebells are in full bloom the end of April/early May. parklandsfoundation.org

New 401(k) Catch-Up Revisions: What Savers Need to Know

Recent updates to retirement legislation are bringing meaningful changes to 401(k) catch-up contributions, giving older workers new opportunities to boost their retirement savings.

One of the biggest revisions impacts workers ages 60 to 63. Beginning in the coming plan years, individuals in this age range will be allowed to make larger catch-up contributions than the standard age-50-plus limit. This enhanced catch-up is designed to help those nearing retirement accelerate savings during their peak earning years.

Another important change affects high-income earners. Under updated rules, certain employees who earn above an IRS-defined threshold will be required to make catch-up contributions on a Roth (after-tax) basis, rather than pre-tax. While the implementation date has been delayed to allow plan sponsors more time to prepare, this shift will eventually change how some savers structure their contributions.

The good news? These revisions are aimed at increasing flexibility and long-term retirement readiness. However, they also add complexity, making it more important than ever to review your retirement strategy, contribution limits, and tax planning approach.

If you are over 50—or approaching retirement age—now is a great time to revisit your 401(k) plan and ensure you’re taking full advantage of the new rules.

A Charitable RMD, also called a Qualified Charitable Distribution (QCD), is a wonderful way to make a difference while using your retirement savings wisely. If you’re age 70½ or older, you can give directly from your IRA to a qualified charity—helping the causes you care about most while also reducing your taxable income. It’s a heartfelt way to turn your required distribution into something truly meaningful. Many clients find it rewarding to see their generosity make an impact right now. If you’d like to learn more or see how it could work for you, we’d be happy to help!